Large, established companies get a bad rap for failing to be innovative. Conventional wisdom suggests that these firms are less likely to create path-breaking new technologies. Some argue this is because established firms are less likely to pursue radically new ideas—they get complacent or they don’t want to cannibalize their own success. Others claim that established firms may try to innovate, but are too set in their old ways to succeed.
It seems obvious that businesses should want to innovate. New ideas, new revenue streams, stealing a lead on your competition: what’s not to love? And yet innovation — the very concept of doing something new and different and untried — seems to terrify so many of the businesspeople and wannabe entrepreneurs I meet in Australia.
Recently, Match-Maker Ventures and Arthur D. Little have released an interesting report, titled “The Age of Collaboration“. The study does a good job in synthesizing the global state of play of corporate-startup collaboration and latest findings on success requirements for its implementation.
Getting to the root of poverty means solving various issues along the way, and inventors are up for the challenge.
Poverty isn't just inadequate access to income — it manifests in a lack of access to health services, education and vital goods. It can also lead to societal instability, allowing sexism, ableism, classism and racism to flourish. And every day, innovators create new gadgets and other solutions with the world's poor in mind.
Companies trying to create a culture of innovation often seem to rely on office decor like ping-pong tables tables or multi-colored bean-bag chairs, or one-off events like hackathons. But most of us who want to be more innovative would like to do so in our day-to-day work. What should we be focusing on?
What is Bimodal People Management? It might be the next stage for your HR department. A new chapter that takes HR on an exciting journey of exploration into uncharted territory of business transformation. A new way of working that fosters creativity and connects more people than ever before. A new HR mindset that adds more value than ever before.
Shaun Rein appears frequently on television debates on China, pens columns, delivers keynote speeches at conferences around the world. The managing director of Shanghai-based China Market Research Group has also authored two books: End of Copycat China: The Rise of Creativity, Innovation and Individualism in Asia and End of Cheap China: Economic and Cultural Trends That Will Disrupt the World.
I recently tracked down and read William Bolitho's "Twelve Against the Gods," an out-of-print, one-time bestseller from 1929 that's become scarce in the wake of an endorsement from Tesla and SpaceX CEO Elon Musk.
In Sapiens, Israeli historian Yuval Noah Harari argues that it was the exploratory mindset that led to European dominance over the world. Other empires, such as the Chinese and the Ottomans, had far greater military and economic power in the 18th century. Yet, it was the Europeans quest for understanding that made the difference.
Despite the power of analytics and strategic efforts, it's still hard to predict whether a new product will succeed in the market after launch. Stakes are high - for startups, it's usually one shot with no room for error, and for incumbents, it's the maintenance of their successful record and staying ahead of the competition. Today, a product can become a sensation based on hype, with others losing the battle, despite having a great value for customers, and vice versa. But is it possible to find a correlation between hype, value, and success?
If you’re an agile disruptor in the brand space — one that’s pivoted to target millennials with impactful authenticity — then Whit Hiler would like a word with you. Several words, actually, all of them jargon.
In an era of unparalleled technological change, staying ahead of the curve can be a tremendous challenge. As usual, the solution is to be found with our fellow human beings. Today's savviest businesspeople are increasingly becoming part of communities designed to give everyone involved the information, ideas, and support needed to find opportunity in innovation. One of these business leaders, Red Chalk Group founder Raymond Zenkich has organized a community of his own-the Blockchain Insurance Summit, which will occur on November 8 in Chicago. Here he discusses why community building should be a major priority for every entrepreneur and executive in the digital age.
I was shocked to discover on a recent visit that a giant but innovative local hospital system has implemented a break-through in wellness. They have adapted some of the industry’s leading-edge employee wellness techniques and made them work for patients visiting their hospital, thus adding a whole new dimension in the way they make their patients healthy. Much like my previous report of a EMR interchange break-through, it’s so radical and unexpected I wouldn’t have believed it unless I had experienced it myself.
If you have ever wanted to build your own solar-powered home without sporting a roof full of… well, solar panels, Dyaqua is here to help. The company’s Invisible Solar panels are meant to look just like concrete bricks, slate shingles, and even wooden boards, making renewable energy flow fluidly with classic architecture.
How did Heinz get people to consume 78% more ketchup through a simple design change? The same principles that the best stand-up comedians follow also apply to successfully innovating products and services. To avoid the risk of killing good ideas, both must utilize research as an aid to creation, not as replacement for judgement.
In business, you’ll hear the words 'creativity' and 'innovation' thrown around a lot. Interviewers use them when they screen new employees, and managers use them when they talk about growth in the company.
But there’s a common tendency to employ these words interchangeably. Strictly speaking, the two terms refer to different things, and it can become confusing if people grow to assume they mean the same thing.
Big companies have great execution habits to manage and improve successful business models and value propositions. But the habits that foster execution can easily kill new growth initiatives inside your company.
For better or for worse, Chile is often held up as the economic model for Latin America.
In the Lost Decade of the 1970s-1980s, the region was tripping over itself to fall down a spiral of debt and ruin. In the decades of uneven recovery that followed — hailed as “miraculous” in Chile’s case — many countries found themselves looking toward the continent’s first and only OECD member as an example.
This past week we released the first round of tickets for WDS 2017, a week-long gathering of creative, remarkable people—taking place next summer in beautiful Portland, Oregon. There are a limited number of tickets left, so grab yours while you can!
To most high-tech enthusiasts, towns like Akron, Albany, Batesville, Malmö, and Eindhoven probably don’t hold much significance. Yet, while the world is busy watching Silicon Valley, these relatively obscure spots in the US and Europe are quietly building the infrastructure for innovation ecosystems that will drive the next technological revolutions.
Could a fleet of floating jellyfish purify our polluted rivers and streams? That's the idea behind Janine Hung's Jellyfish Lodge, which protects the land, air, and water while growing healthy food. A combination of trash-collecting tentacles, aquaponic gardens, and water filtration systems give back to the environment in an impressive feat of biodesign.
It’s no secret that great outcomes start with great planning – so New Year’s Day comes early for innovation leaders. The time to reflect on lessons learned from last year’s efforts and set our sights on even bigger things ahead comes right about now. Here are the seven key questions you want to think about and explore with your teams and partners to set yourself up for big innovation wins in the year ahead.
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