I don’t have just one, but a few. My favorite quotes about innovation come from people who are not in the business of innovation. They are not Captains of Industry. What they are, is cultural icons. Both these people are my heroes, and share the same two initials: MJ…
Category Archives: Questions
How do you encourage employees to share ideas?
This is the second of a series of weekly posts where I will answer a few common questions about innovation. Please feel free to add your own response. Also, if you have any questions you think we should discuss, let me know.
Good ideas can come from anywhere, but just asking for them doesn’t mean everyone will speak their minds. I think this is where a gap exists between activating innovation and simply talking about it. It’s also why it is important for leaders to be open and share their thought process with others to encourage dialogue.
Beyond the Here are a few more ways:…
Why is innovation so hard for large companies?
This is the first of a series weekly posts where I will answer a few common questions about innovation. Please feel free to add your own response. Also, if you have any questions you think we should discuss, let me know.
There are many reasons why large companies don’t innovate. But to simplify, it is because most companies are designed to execute, not innovate.
There are a few that do “get” innovation. But, traditionally companies are founded to make money as an outcome, not to last. And, even if companies make money and have both resources and assets, it doesn’t mean that they will innovate. To innovate, you must change. And to change, is something most don’t plan to do or are willing to do.…
Is critical thinking irrelevant because of social media?
https://twitter.com/SteveKoss/status/240227061548081152
Here’s my answer Steve:
It’s a circular orbit in every sense. It has made more obvious what we already know: Critical thinking is non-existent on the web. Or anywhere else for that matter.
And it comes back to the same tune we’ve talking about for what seems like forever: Where all think alike, nobody thinks too much.
We’ve gotten to the point where people are passing around dogmas freely. Even in areas where there is supposed to be critical thinking, there is a complete lack perspective. I’m also starting to see that most think that the only ones who should have perspective are scientists, poets, philosophers and such. Simply because they have more “free time” to think.
In reality, time for reflection is a valuable skill we should cultivate in others.
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 didn’t change the product (cell phones), and opened a niche for ‘single brand distribution.
- The Book People, changed the TARGET CUSTOMERS, but didn’t change the product (books), and opened a niche selling books to corporate clients.
- Adwords, changed the BUSINESS MODEL, but didn’t change the product (display ads), and opened a niche for ‘performance advertising’.
These are significant differences that not only differentiate the companies from all the others, but disrupted the market in some way.
What other variables can you change in a business in this way?
How are these variables called?
Where can I learn more about this?…
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. …
When should you begin trend-spotting?
Most of the Innovation Consultants I know, advice businesses on doing trend-spotting as part of the innovation process. I also insist on doing the same because like creative thinking, I believe trendspotting isn’t a one time activity.
It is not a “communicate and forget it” activity. It is an ongoing activity.…