Business Models

What is Innovation?

People often think it’s weird when they hear that I study innovation – even people in very innovative jobs. The biggest reason for this is mistaking invention for innovation. If you do this, then studying innovation makes no sense at all – what can you learn about the flash of insight, the stroke of genius, etc.?

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The Profit Paradox

A business that doesn’t make money won’t be around for very long. Profits, after all, are the engine that drives the world of commerce. Any idiot knows that. Unfortunately, idiots who do know that go out of business all the time. The US auto industry, integrated steel giants and many others who failed were extremely profit driven and, in fact, it was their quest for profits that was their undoing.


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