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What is the purpose of innovation?

This question may be similar to the question “what is innovation?“, but it isn’t. Why innovate? Before answering, lets consider what innovation is. Two weeks ago I argued that because innovation means different things to different groups, that you should come up with your own definition of what innovation is. For me, innovation is ideas […]

How can a business differentiate without changing the product itself?

Via Quora: What can you change in a business that is strong enough to differentiate the business from all competitors, but without touching the product itself? For example, GILT, changed PRICE but didn’t change product, and opened a niche for discounted designer clothes. Phones International, changed the DISTRIBUTION MODEL of the mobile phone industry but it […]

Must read innovation posts of the week: Mintzberg on What’s Wrong with Management

[View the story “Must read innovation posts of the week: Mintzberg on What’s Wrong with Management” on Storify] Must read innovation posts of the week: Mintzberg on What’s Wrong with Management Storified by Jorge Barba · Sat, Aug 25 2012 20:19:03 Bringing Science to the Art of Strategy http://s.hbr.org/SNCHmy #playingtowinHarvard Biz Review #Leadership Alert – […]

How does your company celebrate innovation?

37 Signals is an Innovation Insurgent of the highest order. Jason Fried, one of its founders, wrote a book on how to do business unconventionally a few years ago. If you haven’t read it, read it. Anyway, for me, their book  is a celebration of innovation. Contrarian, and smart, to the bone.

Create your own definition of innovation

As part of my auditing process, one of the key questions I ask is: what was the most recent innovation in your industry? Depending on how this question is answered, it will tell me a few things: How this company both defines and perceives innovation If they are focused on innovation If they are keeping […]

Two free books on Open Innovation and Social Media by @lindegaard

You know what’s cool? When you can get learning for free! Open Innovation Guru, Stefan Lindegaard, is sharing his two latest books with you for free: Social Media for Corporate Innovators and Entrepreneurs: Add Power to Your Innovation Efforts – This is an interesting book because I also believe social media is altering the way […]

You are only as great as the questions you ask

Leaders lead through questions. Farnam Street published a post about the art and science of asking better questions. The post includes some good tips on how about asking great questions, so be sure to check it out after you are done here. Anyway, this got me thinking…