The more dire the climate change predictions, the louder the calls for new and disruptive technologies. While it’s a great aspiration, as a theory disruptive innovation provides dangerous guidance on how disruption really happens. Continue reading
The business world has embraced the notion of disruptive technologies and, in large part, so has the public sector, and yet so many of the most significant innovations have been tipped by disruptive policies, not technologies. Continue reading
Innovation is hard, but sometimes we make it harder than it needs to be. It’s a lesson we could all use, but especially big companies betting millions on sustaining innovations. Continue reading
What’s your innovation strategy?
The question often stumps executives, who tend to think innovation is something outside the normal work routines, not something that can and should be directed. Yet how much of your company’s strategic plan depends on innovation — on the development of new products, new processes, or (often) both — that will provide tomorrow’s competitive advantage? Continue reading
The valley of death is an hackneyed term used to describe where startups run out of money. This can be solved, early earlier-stage investors and policy-makers contend, by giving them more money. I’ve argued before this is misguided. The reason why is a cautionary tale to anyone leading a new venture.
The catch phrase of the Republican National Convention, “We Built It,” was a staged response to a strategically clipped quote from a speech by President Obama. As part of the government versus business debate, it has hopefully run its course. But as a lesson on innovation, it feels like a missed opportunity.
It seems that the best strategy for a startup is longer a matter of if, or even when, but now how many times you pivot before you make it rich. Pivoting, a term the enterpreneur-turned-entrepreneurial sage Steve Blank recently popularized, now threatens to become the next business buzzword. Forget open innovation, what’s your pivot strategy? That’s dangerous.