Author Archives: Paul Sloane

How Many Types of Innovation are there?

Ten Types of Innovation

The simplest way to categorize innovation is into two types – incremental and radical.    Incremental innovation is an improvement in an existing thing (e.g. product, process or service).  Radical innovation is finding an entirely new way of doing something.  For example if you had been making spectacles in the 1950s then plastic lenses instead of glass lenses would have been ...

Read More »

Innovate by Adopting a Role Model Organization

A female hand to find select choose pick a businessman to dangle above a line of business people for employment recognition promotion hire etc

Can you innovate and improve business performance by copying another company from an entirely different industry?  This is what the Henry Ford West Bloomfield Hospital in Michigan did when it wanted to transform its customer service and operational efficiency.  The hospital borrowed some of the practices of a five star hotel and hired a new CEO who had previously worked ...

Read More »

Innovators: Welcome the Surprising

Paul-Sloane-780812-1

When something unexpected happens don't get annoyed, get curious. Find out why. The customer with a weird complaint or a weird use for your product is one hundred times more interesting than the customer who is happy using your product in a conventional way. Welcome the surprising.

Read More »

Today Every Company must be a Service Provider and a Software Company

Rowan-Gibson-9bc7b116-e4a4-4b47-82da-027ad637b3685

Companies will need to think innovatively about customer needs. CEOs must ask ‘In the IOT what is our new value proposition?’ Firms will have to hire software engineers to design and deliver service solutions based on usage data. They will need data analysts to review all the data they gather from their devices. In other words every company will have to become a service provider and a software company – or perish.

Read More »