5 Innovation Failures That Changed the World

On some level, we are all afraid of failure.  It’s a natural instinct to want to succeed, to be proud of your work, and…well, to be able to brag about your accomplishments at class reunions rather than being reminded of our failures. The sad truth is, into each life must come to a little failure. […]

Innovation failures and what can you learn from them

How Does Your Brain Work on Innovation?

Most of us are familiar with the image of a light bulb signifying the idea that emerges from our brain.  One moment the light is off, the next it is on and a “eureka” moment has occurred. Likewise, many of us have also experienced “eureka” moments when we least expect them – in the shower, […]

Your brain and creativity and innovation

3 Mistakes Kodak Made In Their Innovation Strategy

With this morning’s announcement that Kodak would seek bankruptcy protection, I reflected back on how and why it reached this point.  In my opinion, Kodak fell into the same trap that most large, successful and once highly innovative companies get into – how to keep the innovation engine working over the life of the company. […]

kodak innovation failure

Don’t get enamored with the new and shiny. It could be a trap.

When it comes to new innovations, we sometimes ignore the underlying ideas that make it work. It is hard but we need to look beyond the new and shiny and understand what makes the innovation an innovation. Since I announced the book, I’ve been swamped with offers from companies and consultants with what they claim […]

new and shiny word of mouth

Don’t be shy about your success. Tell the innovation story

For many of the innovations we take for granted, we miss out on hearing what went in to making it happen.  After my post yesterday on Jet Blue, I got an email from a reader with links to a series of video’s put out by GE on the technology and innovations that went into making their jet […]

innovation story of GE

Experiment with your business model. What’s the worst that can happen?

When it comes to innovation, experimentation is expected except when it comes to your core business model.  This is one of those sacred cows that shouldn’t be touched.  The results from a well-designed experiment of business model innovation can be a real eye opener. Take Jet Blue as an example.  Last July, they announced a promotion […]

business model innovation

Should one government encourage innovation in another country?

There are all kinds of economic development programs put in place by governments with the objective of accelerating economic growth.  Not satisfied with working just in their own country, governments are now establishing innovation competitions in other countries. How far should a government go to encourage innovation? I personally think this a great idea.  Being […]

encourage innovation

Looking for funding to commercialize your innovation?

Have you’ve been looking for funding to commercialize your innovation but came up empty? One avenue that is growing in popularity are innovation competitions. If your ideas fits the requirements, its a source of innovation funding that doesn’t required you to give up any equity. One example is the recent UK Technology Strategy Board announcement. […]

funding

Getting The Timing Right For An Innovation – Like a slate!

I’m a firm believer that the difference between a good idea and a great idea is getting the timing right.  There are a number of items to consider when deciding when is the right time to bring an innovation to market. For example: Is there a technology coming that will transform the experience/market? Are customers ready to […]

getting the timing right clock