Author Archives: Yoram Solomon

What you can learn from my (first) startup failure…

What you can learn from my (first) startup failure - Innovation Excellencee

In 1995, I had an idea. Internet Telephony had just started. Internet connection was available only through dial-up modems, and not all the time. Voice quality was choppy, delayed, and calls were dropped often. Very few people knew how to use it, and you had to sit by the computer to place those calls using a microphone and speakers. You were more likely to ...

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Why R&D Spending has Almost No Correlation to Innovation

Why R&D Spending has Almost No Correlation to Innovation

A newly released infographic by Visual Capitalist shows that while the US leads in the amount of dollars spent on research and development ($463 billion), it only came in fourth place with the percentage of GDP spent on R&D (2.79 percent), just over half of the GDP percentage invested by South Korea. Beyond Korea, the US is trailing Japan and Germany.

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Why Being First is not Always an Advantage

Why Being First is not Always an Advantage - Innovation Excellence

As an investor, I often heard entrepreneurs claiming being first to market as an advantage. However, you must remember that Facebook wasn't the first social media platform, Apple didn't produce the first cellphone, and Dell didn't make the first PC. In fact, MySpace, Motorola, and IBM were the first in those fields.

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Innovation Culture Starts With YOU, Not Your Boss.

One of the most prominent organizational factors, if not the most prominent one, is autonomy. Studies showed a one-way relationship between autonomy and creativity. Employees need autonomy to be creative. They don't need the autonomy to decide which project to work on, but they must have the autonomy to decide how to execute the project.

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