Finance

Irresistible Innovation meets Immovable Object

I'm going to let you in on a secret. Doing innovation isn't really all that hard, once you get the hang of it. Yes, there are dozens of methodologies and approaches. You can tap into your employees and/or your customer base for ideas. You can search for interesting technologies in research labs and universities. You can prototype, test and tweak ideas based on customer pilots. In fact, you can do just about anything in innovation. That is, if you can get it started.

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The Jolt to Best Buy

Poor financial performance is a shock to the system; it rumbles marketing plans and shakes the innovation strategy and pipeline. Best Buy retail and web sales fell 2.4% versus last year and shareholders have lost more than half of their value over the past five years. The company is now in the throws of reinventing how it goes to market as fast as it can.

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Life After Chapter 11 Bankruptcy?

Eastman Kodak (NYSE:EKDKQ) surprised few by declaring bankruptcy last week. It was clear to many business insiders back in September that Kodak was headed to zero after a panicked move to tap its credit line. As those who have watched the corporate history of Kodak know, years of big debts and a lack of innovation have been weighing on the iconic photography company for quite some time.

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The Crowdfunding Conundrum

The House of Representatives recently voted in favor 407-17 of legislation that would allow non-accredited investors to make equity investments in privately held, small startup companies. Is this a boon for startup liquidity or might it introduce unforeseen complications?

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The Only Thing that Will Save Us – Confidence

I know, I know. You think I'm as batty as Julie Andrews -- spinning up that dirt road to the von Trapp manor with guitar in hand, singing, "I have confidence in me!" Maybe it is a little crazy. But it's true. Even the cold, hard facts of this complex global economy make this same emotional plea. Confidence -- or a lack there-of -- is paramount.

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