Innovation & Institutions, Will it Blend?
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Innovation & Institutions, Will it Blend?
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Twelve (12) Rising Innovation Trends From the 50 Most Innovative Companies of 2014 - Fast Co.

Twelve (12) Rising Innovation Trends From the 50 Most Innovative Companies of 2014 - Fast Co. | Innovation & Institutions, Will it Blend? | Scoop.it

The culture of innovation across the globe is more robust than ever. Here are 5 innovation trends excerpted from the full list of 12 from Fast Company's World's 50 Most Innovative Companies of 2014:

   

1)  EXCEPTIONAL IS EXPECTED   Google, the No. 1 company, did not land there for the range of its activities--despite the 29 achievements we list. ...today's smartest businesses tend to laser-focus on just a few goals; broad ambition can distract from the nitty-gritty required to turn goals into reality. Yet from Google Fiber to Google Glass to investing in new health technologies, Google executes at a high level repeatedly. That's why it tops the list.

________________________
     

How do you make meaningful change in the face of calcified institutions? Sometimes you just have to go around them.

    

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2.   INNOVATION IS EPISODIC   ....From breakthrough change at Philips (No. 50), development of LED lighting has been under way there for 50 years--and a specific 11-month deadline provided the essential innovative exclamation point.
     

3.  MAKING MONEY MATTERS
….great businesses are self-sustaining. Dropbox (No. 4) and Airbnb (No. 6) are darlings of the venture set, but they also charge real customers real money for a product with real value. Unlike …pre-2008 whose business models rely on advertising for revenue (Facebook, Twitter, et al.), these enterprises are transaction based--and are reaping the rewards.

     


5.  SUSTAINABILITY HAS FOUND A NEW GEAR
…Today, energy efficiency, alternative fuels, and recycling are core advantages for successful enterprises. Brazil's Braskem (No. 41), a $19 billion petrochemical giant, uses sugarcane rather than oil to create in-demand plastics. Levi Strauss (No. 30) produces more than 10% of its clothing with recycled materials, on its way to 100%. ....You don't have to own a Tesla (No. 20) to see the impact.


7. CONFLICT ISN'T REQUIRED
How do you make meaningful change in the face of calcified institutions? Sometimes you just have to go around them. …DonorsChoose.org (No. 9) …avoidied unions and politicos by crowdsourcing direct assistance to teachers. Bloomberg Philanthropies (No. 2) uses data to answer questions other foundations aren't asking and SHoP Architects (No. 33) manages to both create cutting-edge designs à la indie firms and get them built at the appropriately industrial scale.


See the full list of 12 here.

 

Related tools & [posts by Deb:

     

        



Deb Nystrom, REVELN's insight:

These qualities are a good list to compare to other global company innovation lists, such as from Forbes.  Money is high on the list of 12, yet other qualities bear a look, compared to Forbes rankings based on the difference between their market capitalization and a net present value of cash flows from existing businesses.  ~  Deb

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Deb Nystrom, REVELN's curator insight, February 26, 2014 3:18 PM

This is a good list to compare to other global company innovation lists, such as from Forbes.  Money is high on the list of 12, yet other qualities bear a look, compared to Forbes rankings based on the difference between their market capitalization and a net present value of cash flows from existing businesses.  ~  D

Richard Platt's curator insight, February 26, 2014 11:43 PM

Pretty sure that I don't agree with some of what's on this list, but hey have a look, everybody's entitled to an opinion

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The Innovation List: The 50 Greatest Breakthroughs Since the Wheel

The Innovation List:  The 50 Greatest Breakthroughs Since the Wheel | Innovation & Institutions, Will it Blend? | Scoop.it
Why did it take so long to invent the wheelbarrow? Have we hit peak innovation? What our list reveals about imagination, optimism, and the nature of progress.


...

The List

The Atlantic asked a dozen scientists, historians, and technologists to rank the top innovations since the wheel. 

The clearest example of consensus was the first item on the final compilation, the printing press. Ten of the 12 people who submitted rankings had it at or near the top. To draw another parallel to our Influential Americans survey, the printing press was the counterpart to Abraham Lincoln as the clear consensus for the top choice. 


Innovations that expand the human intellect and its creative, expressive, and even moral possibilities. This group includes the printing press (1) and also  paper, (6) and now of course the Internet, (9) the personal computer, (16) and the underlying technology for the modern data age, semiconductorelectronics (4), plus photography (29). 


Innovations that enabled the Industrial Revolution and its successive waves of expanded material output. These include the steam engine (10), industrial steelmaking (19), and the refining and drilling of oil (35 and 39, respectively). 



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Deb Nystrom, REVELN's insight:

I agree with the author:  developing a list like this conveys a sense of identity of where we've been and where we are.  

Does it imply where we are going next with innovation?    ~  Deb

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These Are The Top 10 Innovation Myths

These Are The Top 10 Innovation Myths | Innovation & Institutions, Will it Blend? | Scoop.it
Entrepreneurs aren't the only game changers.

 

Scott Anthony and colleague Josh Suskewicz came up with 10 innovation myths that they  encounter most often in the field.

 

The 10 MYTHS include:

> Innovation is random  

See the Proctor & Gamble innovation post in this curation stream as well as the Top 10 Myths list by Scott and Josh.

 

> You're either an innovator or you're not  (Glad to hear about nuture vs. nature.)

 

> Game changing innovation is done only by entrepreneurs  

(What a relief to see this one, as this is about intitutional innovation.)

   

Scott Anthony is the Managing Director of Innosight Ventures and has written three books on innovation, the latest being The Silver Lining: An Innovation Playbook for Uncertain Times.

 

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The Cloud & Innovation: The Most Disruptive Companies in Tech, Infographic

The Cloud & Innovation:  The Most Disruptive Companies in Tech, Infographic | Innovation & Institutions, Will it Blend? | Scoop.it

It should come as little surprise that many of the innovations are cloud-powered, or cloud-dependent.

 

Consider the iPad... Apple’s the clear leader in the tablet market, and eating away at the traditional computing market. Apple owns more than 68% of the tablet market, and is replacing laptops, e-readers and handheld games.

 

What’s that got to do with cloud? Plenty.

 

The iPad depends on cloud services to power its most popular native apps, not to mention all the Webapps that users hit up on the iPad.

 

Focus also highlights Netflix. Despite its recent PR and marketing blunders, Netflix has grown to a $9.1 billion market cap – in no small part due to its streaming service.

 

They should pay attention to subscribers woes, though. According to Focus, they’ve lost 1.6 million subscribers since June.

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The World's Top 50 Most Innovative Companies 2014

The World's Top 50 Most Innovative Companies 2014 | Innovation & Institutions, Will it Blend? | Scoop.it

There's another kind of faith in business: the belief that a product or service can radically remake an industry, change consumer habits, challenge economic assumptions. Proof for such innovative leaps is thin....Yet breakthrough progress often requires wide-eyed hope.

From the list of 50:

1) GOOGLE
FOR BECOMING A $350 BILLION GIANT THAT LETS LOOSE ALMOST TOO MANY INNOVATIONS AND MILESTONES TO COUNT.


2) BLOOMBERG PHILANTHROPIES
For doing good, methodically, using data to answer questions other foundations aren't asking


3) XIAOMI
FOR REINVENTING THE SMARTPHONE BUSINESS MODEL IN THE WORLD'S LARGEST MOBILE MARKET.


7) NIKE
For setting a sustainable example.


9) DONORSCHOOSE.ORG
FOR SETTING ITS SIGHTS ON EDUCATION REFORM,…avoiding unions and politicos by crowdsourcing direct assistance to teachers. 


11) DODGE
For being a part of the conversation, no matter what.


15) MICHAEL KORS
FOR WINNING TWO FASHION RACES AT ONCE


See the 50 companies, the full list here.


Related tools & posts by Deb:


     

      

 

Photo via Fast Company- featuring DonorsChoose.org
Deb Nystrom, REVELN's insight:

Fast company has a mix of what defines innovative companies that mixes old and new, connected to adaptability and flexibility.  

See the companion article on the 12 rising innovation qualities spotted in this 2014 list of companies as well as a comment comparing innovative company ranking methods to Forbes.
 ~  Deb

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Deb Nystrom, REVELN's curator insight, February 11, 2014 9:19 AM

The top innovative companies have leaders who know how to sense and respond, as well as adapt.  ~  D

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10 Great Social Innovation Reads ~ Month by Month

10 Great Social Innovation Reads ~ Month by Month | Innovation & Institutions, Will it Blend? | Scoop.it

A helpful, annotated list of Great Social Innovation reads including this gem, ...Peter Buffett, son of Warren ...wrote a pretty scathing rant against today’s philanthropy, calling it “conscience laundering — feeling better about accumulating more than any one person could possibly need to live on by sprinkling a little around as an act of charity.”


More excerpts from Neil's July 2013 list (the post includes lists from previous months):


Dan Cardinali, CEO of Communities in Schools and an emerging voice on the importance of measuring nonprofit outcomes, wrote a third piece in his series on redefining the nonprofit sector.


Bill Shore of Share Our Strength, offers the provocative “We Just Don’t Have the Money, and Other Fibs We Tell Ourselves“.


Antony Bugg-Levine from the Nonprofit Finance Fund provides ... “Navigating Tough Trade-offs in the Era of Scarcity.”


From Social Velocity

Deb Nystrom, REVELN's insight:

Just reading these annotated book lists for social innovation is provocative and attractive to creativity an considerations in social innovation, including the "scathing rant" by Warren Buffett's son Peter mentioning “conscience laundering" and "sprinkling a little [wealth] around as an act of charity.”

~  Deb 

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40 Pieces of Inspiration For Entrepreneurs | Under30CEO

40 Pieces of Inspiration For Entrepreneurs | Under30CEO | Innovation & Institutions, Will it Blend? | Scoop.it
Here are forty tips designed to help entrepreneurs, business leaders, mavericks and aspiring innovators accelerate our collective and individual pursuits towards inspiration.

 

Excerpts 

 

1. Honestly evaluate your professional and social circle of friends. Are they inspiring? Do they truly stretch your imagine of what is possible in this lifetime? I  ...Identify and build an inspiring new circle. You cannot choose your family, but you can select the people whom you spend time and associate with.

 

Ask yourself, do your companions consume or catalyze change?

 

3. Remove physical, emotional, mental and spiritual clutter from your life.  ...It is useless hanging on. Today is a new day.

 

5. Stop trying to find yourself and start creating yourself. ...What will be your ultimate legacy and contribution to the world? Become and evolve into your vision.

 

7. Forget and ignore your past academic and professional accomplishments  ...and designation. In a battlefield, the stripes you have earned are irrelevant to your ultimate goal of crossing the line and securing an inspired life.

 

Image:  by AlicePopkorn, Flickr

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