For the thousands of starry eyed young innovators struggling to make their mark in the information technology sector, industry icon Vinod Khosla, founder of Sun Microsystems and Khosla Ventures, has prepared a short list.
Four years ago Harvard Business School Professor Clayton Christensen predicted that online education would take off slowly and then hit everyone by surprise: the S-curve effect. And indeed, while it initially grew slowly, online education has exploded over the past several years.
Tea Lempiälä, a graduate student from Finland’s Aalto University, is a visiting researcher at the Center for Design Research at Stanford University. Her interest in change and in the development of new things has influenced the research she concentrates on now.
Her thesis focuses on how ideas are created and developed in organizations – looking most specifically at how people develop and create ideas together.
Another aspect of advancing innovation in services is to change the role of customers in the innovation process. Instead of treating customers as passive consumers, many companies are now involving customers in the innovation process. In many cases, customers are actually co-creating new products and services.
One of the most exciting things about the social web is its tendency to democratize the creative industry, allowing creators — artists, musicians, publishers, filmmakers, writers, entrepreneurs — to bypass the traditional industry distribution model and self-publish their creative output by crowdfunding it through platforms that connect them with their audience.
It has become extremely difficult to foresee competition. But this isn’t cause for alarm. It’s now far more important to forge ahead with innovation, allowing a product or service to evolve in new ways, than trying to crush or outsmart perceived competition.
Crowd funding, in which a group of investors pools money to fund a project or startup business — often online through social media and sites such as Kickstarter.com — has gained attention recently as a possible source for stimulating economic growth.
The Cult of Ideas is a dangerous cult lurking within the field of corporate innovation. It is a disturbing cult in which members worship massive numbers of ideas above all else. On the surface, this seems a good thing. After all, innovations are founded on ideas, are they not? So, if a company wants to innovate, the more ideas it creates the better. Sadly, however, the ugly truth is that the cult of ideas can actually stifle creativity and inhibit innovation.
What is disruptive innovation? Many companies target customers that will pay more for their products, and to sustain a competitive advantage they continue to improve the products. This is referred to as "sustaining innovation." There are firms, on the other hand, that ask the question, "is there another way we can meet the customer need?" They then create a new way or technology to meet the need.
I’ve been looking into how the smallest things—things we often take for granted—can make the biggest difference in outcomes. Take the case of a small act of kindness. It turns out that simply saying something nice to someone or giving someone a little unexpected gift can create a flood of positive emotions that studies suggest increase the urge to play, push the limits, be creative, take in new experiences, learn and, ultimately, boost performance…even in the most complex of activities.
Connecting the dots on grant proposals. Helping secure professional training. Networking. Loan packaging. Getting businesses up and running from little more than an idea and rough business plan. Those are run-of-the-mill tasks for the Nebraska Business Development Center, which helps thousands of Nebraska businesses each year with those issues and others.
James Bessen, Jennifer Ford, and Michael Meurer of BU School of Law have written a phenomenal paper titled The Private and Social Costs of Patent Trolls. Rather than be politically correct and refer to NPE’s simply as “non-practicing entities”, they cut through all the noise, define what a patent troll is, and go through a detailed and rigorous analysis of the private and social costs of patent trolls.
In the classical age, Mankind saw the world as dominated by the Gods. In the modern age, Mankind saw the world through the lenses of science and progress, because we were increasingly able to understand it. Hence, “the Western world is rules by engineers“, Forest & Faucheux say, in which creative approaches are considered incapable of producing rational knowledge.
In 1995, a young Harvard Business School Professor co-authored an article in Harvard Business Review, "Disruptive Technology: Catching the Wave." He and his co-author proposed a new causal mechanism that explained the surprising failure of highly-regarded companies.
“Sometime over the next decade,” warns renowned strategy guru Gary Hamel in his new book, The Future of Management, “your company will be challenged to change in a way for which it has no precedent.”1 What’s even more worrisome, he argues, is that decades of orthodox management decision-making practices, organizational designs, and approaches to employee relations provide no real hope that companies will be able to avoid faltering and suffering painful restructurings.
Some fifteen years ago, in the early days of starting up Fast Company magazine, co-founder Alan Webber shared one of his rules of thumb with me: "A good question beats a good answer." That pithy wisdom sunk in and took hold immediately.