Author Archives: Jeffrey Phillips

Innovation and its Effect on World of Photography

We’ve reached a couple of interesting milestones in a very short period of time, and it behooves us to pay attention to the changes in what has been an important industry – photography. For innovators, it’s been easy to kick Kodak around, for having missed the transition to digital photography while owning many of the patents. However, Kodak by itself ...

Read More »

Why Failure is an Innovation Aphrodisiac to Some

If you stick around innovation long enough you’ll probably come to believe that we are all dead-enders. After all, what group of people could willingly embrace as much failure with such a positive attitude? Failure, you’ll be reminded, is necessary for innovation. I like to quote the saying that my ski instructor told me years ago – “if you aren’t ...

Read More »

Why Innovators Ought to Focus on Product Deconstruction

I’ve been thinking a lot lately about innovation and how we may have emphasized one component at the expense of another. Here I’m talking about something that should appear obvious – the focus of innovation in building new things. We are constantly reminded that innovation is about building new products and services and experiences. And this definition is entirely right ...

Read More »

The Innovation Skills You Need for 2020 and Beyond

When a noted doyen of the Fortune 500 like Coca Cola talks innovation, your ears should perk up. After all the consumer packaged goods conglomerate has been in business for a long time, and has been successful, but is facing a number of headwinds in its core business. Selling sugary drinks seems passe, as bottled water, energy drinks and other ...

Read More »

The Impact of Evolution on Business Models

Darwin teaches us that evolution is a long, slow process, gradually leading to new adaptive species that emerge over time with specialized capabilities. Therefore, the change in species from generation to generation may be relatively small, but always purposeful and testing the best ways to win in a niche. Just as both the Chihuahua and the Newfoundland emerged from evolution ...

Read More »

Which Pace of Change to Align To?

You’ve heard it before – the pace of change is accelerating. I can present all of the technology adoption charts, the fascinating nuggets of data that tell you how quickly different products or technologies were acquired by millions of customers. And so on and so on. You already know this. Change is real, and change is accelerating. Whether we are ...

Read More »

Winning the Explore and Exploit Game

So we come to the ultimate post on explore and exploit, at least for now. In past posts we’ve looked at the origin of explore and exploit, the emergence of true innovation explorers like Edison, Bell and a host of others. We’ve noticed the rise of the corporation to exploit the discoveries of said explorers. Last but not least we ...

Read More »

The Future of Explore and Exploit

In my last two posts I examined the origin of explore and exploit, and where it has taken us so far in the innovation space. In this post I want to explore why everything we believe about explore and exploit from a strategic and business model perspective is increasingly wrong, and what innovators and strategists need to do now in ...

Read More »

Exploring and Exploiting for Innovation (Part 2)

If you are following along, I’m writing a series of posts about the opportunities and challenges with the way we think about and implement the concepts behind explore and exploit. In my first post I wrote a short introduction to the topic. In that post I looked at the history of exploring and exploiting, which I’ll suggest comes from the ...

Read More »