What Innovation Resources Are Needed to Thrive?

The Law OF Resources

You can’t make a return if there’s no investment of resources. This is true of every business venture, and it is even more true when it comes to innovation. But innovation isn’t easy. For many businesses, it can be tempting to forego a focus on innovation and instead encourage steady, incremental growth, which is less […]

Resources

Innovation Culture: What Does it Mean and Why Does it Matter?

Innovation doesn’t happen on its own. If you truly want to innovate throughout your company, you must create a culture that encourages cooperation, rewards creativity, and fosters a positive working style that creates more opportunities for every individual. Culture is one of the 7 Immutable Laws of Innovation and the subject of my next several […]

Innovation culture

Innovation in Africa: Challenges and Opportunities

While for centuries, Africa has been seen as the “dark continent,” it is quickly becoming a hotbed of innovation, and smart investors are taking notice. Many challenges remain, but it’s safe to say that the seed of innovation in Africa has been planted. “The best time to plant a tree was 20 years ago. The second […]

Innovation in Africa

What Is The Silicon Valley Secret Sauce For Innovation Success?

There’s plenty of advice out there about how to make it in Silicon Valley. Some things are required for innovation success anywhere in the world, but the valley is a special place with different rules. As someone who’s spent a lot of time there, I think there are a few important elements to Silicon Valley’s […]

Silicon Valley Secret Suace

A Killer Idea: Licensing an innovation back to the original innovator

The innovation of inflatable space station modules, now being developed by Bigelow Aerospace as the basis of a commercial space station, has a strange history. The concept was actually developed by NASA as part of a project called Transhab, which contemplated attaching inflatable modules to what would later become the International Space Station. But Congress nixed the idea and […]

bigelow technology license

Henry Ford almost lost it all by not recognizing that an innovators job is never done

One of the secrets to being an innovator is the ability to ferret out the unspoken needs and unspoken wants of a customer and then develop a product or service that fills it. But the other secret is the ability to adapt to changing circumstances and constantly improve that product or service to stay ahead […]

henry ford innovation

An innovator may have just cured diabetes with the help of US taxpayers

Most people, at least outside of science circles, have never heard of Dr. Taylor Wang, an innovator and the founder of a company called Encapsulife. That may be about to change. According to a recent story in National Review, a device the company has just patented, known broadly as the “Wang Patch,” may provide an effective cure for diabetes, which […]

spacelab diabetes wang

Two views of what it means to be an innovator. Where do you fit in?

What is it that makes an individual an innovator? Brenna Sniderman, who writes for Forbes Insights decided to check this out for herself for her article,The Five Personalities of Innovators: Which One Are You? She states “it is not that “ah ha” moment, it’s about the nitty-gritty work that comes after the idea:  getting it accepted and implemented.” […]

innovator innovation