Monthly Archives: October 2009

Creating an Improved Environment for Innovation

Thomas Alva Edison was a failure. It has been said that he “went back to the drawing board” more than 6,000 times before finding the right plant to produce a carbonized filament for his incandescent light bulb. Six thousand times. Do you have that kind of innovative stamina? It’s been said that: Risk + Experimentation (+ Failure) = Improved Environment ...

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Why Open Innovation Matters

A few weeks back someone told me an interesting story about Procter & Gamble and their competitors. It is well-known that P&G is the open innovation champion and their long focus on open innovation has given them an important advantage. They get to see interesting proposals within their business areas before their competitors. In the story I heard, one of ...

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Reinventing the Newspaper

Newspapers are dying. Their business model is burning to the ground. They cannot fend off the Internet and other threats despite their virtual monopoly and economies of scale in printing and distribution. Advertisers are moving on. Yet while traditional newsrooms are shrinking, journalism is thriving and the consumption of news is skyrocketing. Why are newspapers shutting down? As Clay Shirky ...

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Innovation Perspectives – Operationally Smart Marketing

This is the fourth of several ‘Innovation Perspectives‘ articles we will publish this week from multiple authors to get different perspectives on “What roles do engineers and marketers play in an innovation setting, and what conflicts can arise based on their perspectives and approaches?” Here is the next perspective in the series: by Mike Brown It’s natural for engineers and ...

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Innovation Strategy – Fight the Fear of Change

People are naturally apprehensive about change. They fear the unknown. There is a reluctance to take risks. This can be particularly true in a successful enterprise. Success can be an enemy of innovation. Why mess with a model that works? There is little incentive to take risks and try new things. But even successful companies are at risk if they ...

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Setting a Big, Hairy, Audacious Goal (BHAG)

by Matthew E May Over at the American Express Open Forum Idea Hub, I’ve posted “How to Set a BHAG.” A BHAG is a Big, Hairy Audacious Goal, and it’s a term coined by Jim Collins and Jerry Porras. I’m constantly asked about the challenge of complacency — you know, things are going well, but there’s a comfort setting in, ...

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Innovation Perspectives – Engineers, Marketers and Innovation

This is the third of several ‘Innovation Perspectives‘ articles we will publish this week from multiple authors to get different perspectives on “What roles do engineers and marketers play in an innovation setting, and what conflicts can arise based on their perspectives and approaches?” Here is the next perspective in the series: by Jeffrey Phillips First, let me say that ...

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Creative Capitalism + Social Innovation

New Social Enterprises That Make Money and Change the World by Idris Mootee We need more (and more innovative) social enterprises and I really want to see a top tier MBA programs with specialization in Social Enterprises. Call it B-school needs S-school. There are so many problems out there and sometimes we feel we are almost giving up. Our capitalist ...

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