In 2012, the share of the emerging economies in the rivalry for foreign direct investment (FDI) exceeded that of the advanced economies, for the first time. At the same time, the United States, through still by far the largest recipient of such inflows, has been steadily losing ground to emerging economies. The United States has failed to live up to its promise in the innovation game in the past decade, as evidenced by recent data on R&D expenditures.
Similar to the construction of any building, the work first begins with a solid foundation. Viable logistics, solid marketing, and financial health must be considered in order to achieve effective innovation. A solid foundation also ensures that innovation is not simply a one-time occurrence, but rather a sustainable repeatable process.
It’s been said that no man (or woman) is an island, and this is as true in innovation as it is anywhere else. Communication and the ability to collectively brainstorm has proven to be a great benefit to the corporations that engage in it, and social platforms like Jive, Telligent, Chatter and internal wikis have allowed this process to be faster and more inclusive than ever before. But most companies with social platforms use them primarily for knowledge sharing. Innovation goes beyond kno Topic: Social Business.
Often we find in large organisations that the executive team is keen to improve innovation and at the same time, front-line staff are frustrated and keen to change things. So why is change not happening? Who is impeding innovation?
I’ve been in the startup trenches in India for the last three years. I’m currently the CEO of Findable.in, a location-based product search platform based in India, and I’m also the Founding Partner of India Internet Group, an early stage venture capital fund based in Mumbai, Delhi and New York. I think this is the best time ever to be an entrepreneur in India. However, it’s also an incredibly difficult journey.
Two of the most significant pieces of legislation in decades, the Patient Protection and Affordable Care Act (ACA) and the Jumpstart Our Business Startups (JOBS) Act, are poised to transform the entire spectrum of health care. The ACA regulates everything from health insurance requirements to tax collection. The JOBS Act [...]
In Maslow's hierarchy of needs, food, shelter and clothing are much more important and fundamental than self-actualization. That is, it's hard to reach nirvana if you lack the basic essentials. But is the opposite true? If you reach self-actualization, do the basic essentials remain as important? There are certainly a number of deep thinkers in several religions or belief systems who will stress the importance of self-actualization over the basic necessities.
When I think of sustainable crowdsourcing, two prominent examples come to my mind: Dell's Idea Storm and My Starbucks Idea. Both used SalesForce.com's Idea platform. Idea Storm was launched in February 2007, while Startbucks was launched in March, 2008. Both celebrated their 5th Anniversary milestone, which is quite amazing.
IBM has launched Presence Zones, which is designed to help retailers connect with mobile customers in-store. This is a new technology that lets retailers carry out web type analytics for physical venues. It lets retailers know who’s in their physical location, how much time they spend in different parts of the store, the routes they take and how often they visit.
When reading about and talking to people about reforming public services I quite often hear statements along the lines ‘if we carry on doing what we’ve always done we’ll get the same results as we always have’. A similar thought comes through in discussions around innovation and taking risks: that many people and organisation default to the do nothing option because it is the safe thing to do.
Innovation doesn’t have to be hard, it doesn’t have to involve coming up with something that is really hard for others to discover, sometimes the most successful innovations are those that come from ‘land mine’ ideation.
Derek Lidow, entrepreneurship professor at Princeton University: My take is that design projects create innovation while design processes create cost-effective variations. Projects create new things while processes create variations of existing things. Projects are risky. They are also time-consuming and expensive...
How do you get your competitor to promote your value proposition?
DHL did just that in the highly competitive package delivery category. Shipping companies compete on the basis of speed, convenience, and reliability. So the race is on to prove to customers which company is the best performing.
In this campaign, DHL spoofed its competitors like UPS to broadcast that it's faster.
You may have witnessed it yourself: living clouds created by thousands of starlings flying together, commonly referred to as ‘murmuration’. The way in which all the birds suddenly change direction or speed as if they were a single entity still remains one of nature’s secrets, with most scientists assuming starlings undertake this unique collective motion in order to reduce predation risk. In a similar way, great organizations are more than just the sum of great individuals: organizational strength, progress and resilience are determined by the extent to which individual employees ‘fly together’ as if they were a single entity working towards a common goal.