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Business Plans Don’t Work

Nine out of ten business start-ups, and one in six business transformations will confirm it. Learning from the failures of the past, it becomes clear that we have been missing a key step in the execution of our business plans. That key step is the discovery of what works. In this three part series, I’ll look at the way in which business plans lead to failure, the way in which business model innovation can help, and the mindset that is needed to succeed in discovering a new path towards business success.

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Dedication to Innovation

Harley-Davidson Perfume— the delicate scent of motor oil and pavement. Fish-flavored water for Fluffy? Wake up with a ready-made carton of pre-brewed Maxwell House coffee. Introducing a new line of microwavable dinners from Colgate! Hungry for breakfast instead? Try Kellogg’s cereal and no-need-to-refrigerate milk with a spoon included. Then, you can ride off into the sunset on your Smith & Wesson mountain bike. Refresh with Frito-Lay Lemonade or Life Savers Soda. A little sore from an afternoon of mountain bike riding? Swallow a couple of Ben-Gay asprin and wash up with Clairol’s “Touch of Yogurt” shampoo. Does it all sound like a world gone mad?

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How to be More Innovative in 5 Easy Steps

This is one of those posts where the topic feels so large and so poorly defined as to be almost impossible to describe. Yet we get this question all the time - what can we do to be more innovative? Every firm is in a rush to become more innovative, yet few have the time, resource or attention required. I'm going to address in this post how to create an innovation discipline, since we believe that is the only way to sustain competitive advantage.

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Creative Consumers are Changing Innovation

Organizations understand the vital importance of innovation. Chief Executives talk about it, managers nurture it and consumers expect it. Yet it is also a potentially disruptive process that interferes with well-laid plans and day-to-day operations. And historically, innovation has suffered from high failure rates, which adds to the challenge.

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Go to your Dojo

In ordinary parlance, a dojo is a place where martial artists convene to work out, train, and hold contests. But, literally translated it is Japanese for the location of the way. The way is more than the way of the martial artist, more than the way of judo, karate, tai kwan do, or whatever system of combat.

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Pioneering Semantic Web Innovation

If you want to speak to someone, truly interesting and inspiring, about the Semantic Web and Innovation, Ora Lassila, is a clear choice. Lassila, an Advisory Board Member of the World Wide Web Consortium (W3C) as well as Senior Architect and Technology Strategist for Nokia's Location and Commerce Unit, was my obvious ‘go to guy’ because:

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