Innovation is a team sport. Although creativity is a characteristic that is often used to describe individuals, the idea of the lone genius is a myth. Even famous inventors such as Thomas Edison where in reality representing the ‘work of many men’. Francis Jehl, a longtime assistant of Thomas Edison , used this phrase to describe the group of engineers who worked with Edison at his Menlo Park lab.
The Swedish government is unveiling an intriguing plan to discourage throwaway culture. The new proposals would slash the VAT tax rate on repairs to bicycles, clothes, and shoes by half in order to encourage consumers to reuse their old items rather than simply replacing them. The law would also allow residents to claim back income taxes on the cost of repairs to large appliances such as ovens, dishwashers, and washing machines.
The traditional business model is under attack… as well it should be.
In this era of disruption, it’s absolutely necessary to redefine business models and archetypes as a whole. This post dives into the benefits of blockchain, its impact on the financial system, and how some companies are experimenting.
The uptake of new innovative automation technologies is becoming far more widespread. Andrew Hoyle, head of automation at third-party logistics and supply chain solutions provider, Wincanton, explains.
Take a look at any successful enterprise and you’ll find innovation at its core. That was just as true a hundred years ago when Henry Ford perfected the assembly line as it is today, when modern day giants like Elon Musk bring cutting edge technology to market. Innovation, as I’ve written before, is how people come up with novel solutions to important problems.
Modern technology is always evolving, which can be exciting but also a bit scary. There are many examples of an advancement that did more harm than good, though it was not understood at the time. One new dilemma facing people today is the rise of the driverless car.
Let’s play a quick game of word association. What comes to mind when the word is “startup”?
It’s a safe bet to assume that some first words are “entrepreneur,” “innovative” or “dynamic.” These words describe characteristics that make startups—and the people who run them—successful. They infer that startups are agile, perceptive to market needs, are staffed by high-energy creative thinkers who thirst for improving customer experiences and are pros at connecting tools, talent and resources to create solutions.
FACEBOOK CEO MARK Zuckerberg made his first trip to Africa this summer with stops in Nigeria and then Kenya. In June, the Chan Zuckerberg initiative—the philanthropic foundation of Zuckerberg and his wife Dr. Priscilla Chan—invested $24 million in Andela, a company that trains top software developers in Kenya and Nigeria.
On the road from idea to inventing success there are many pitfalls that stand in the way. One of the biggest pitfalls, unfortunately, is incomplete knowledge. There are a great number of things inventors should know, from the importance of doing a patent search, to the need for confidentiality agreements, to how to understand when an invention is obvious.
A communications and information-driven renaissance is driving a resurgence in open innovation, according to global crowdsourcing company, InnoCentive.
Prize competitions have long been used to solve problems and drive innovation: the 18th century Longitude Prize led to ships being able to better navigate the seas; the Orteig Prize of the early 20th century resulted in the first non-stop flight from New York City to Paris.
Companies dependent on new products and services to maintain relevance need innovators. High quality employees are hard to come by and with innovative minds becoming such a hot commodity, keeping them can prove to be even harder. Employee satisfaction must be maintained in order to foster innovation and in turn help secure an organization’s future as a successful and innovative company. Help retain top innovators by following a brief set of guidelines.
Saying they were doing something no other government has done, Obama administration officials rolled out a plan Tuesday they say will enable automakers to get self-driving cars onto the road without compromising safety.
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