Not all entrepreneurs are innovators, only a handful. The result is that the vast majority of businesses out in the world were not born from creative ideas, rather derivatives. And when these non-innovative businesses want to explore innovation, they enter a dilemma: In order to innovate, an existing business must keep running the core business while also trying to find the revolution; exploit and explore. …
“Lots of companies don’t succeed over time. What do they fundamentally do wrong? They usually miss the future.” – Larry Page, co-founder of Google
The above quote also applies to individuals.
There used to be a time when a person could make a fine living, not by creating anything, but just by pushing pieces of paper around. Those days, thankfully, are gone. These days, you’re either creating something interesting and useful, or you’re fast approaching irrelevance.…
Innovation is the future delivered. Now suppose you’ve overcome organizational challenges and developed a culture of innovation, your next challenge is to put that new idea in the market; which has to meet another set of criteria in order to succeed.
It turns out the path to creating the future, from market knowledge and idea conception to execution, is messy. Considering that most attempts at innovation will fail, either by internal or external reasons, it’s smart to understand why new ideas fail to become innovations and thus be able to do something about it.
There are three major reasons why new ideas fail to become innovations:…
How do you start a grassroots innovation program within your company?
On this episode of the Big Bang Podcast we interview Babak Forutanpour, Founder of Qualcomm’s FLUX employee-run open innovation program and creator of @TheAryaBall.
So far, in this podcast, we’ve discussed the possibilities of ideas that if created would improve the world. On this episode we flip the script, rather than asking if a new idea is a good one, we ask whether it’d be better if some of the ideas we cling to were killed off.
There are no shortage of books, articles and blog posts about the topic. I’ve been writing about everything innovation on this blog for 8 years, it’s a topic I’m deeply passionate about, and the best compliment I’ve received from readers / followers is that I don’t publish crap. I appreciate those comments because I know it’s a topic that gets regurgitated over and over again.
I really try to provide my own point of view on the topic and not regurgitate what others say. …