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

The 7 Immutable Laws of Innovation – Follow them or risk the consequences

Over the years of being in the innovation space, I’ve discovered a set of laws by trial and error.  Needless to say, I have the scars from the school of hard knocks to validate that these 7 laws of innovation are critical for innovation success. If you violate any one of them, the consequences can be […]

Laws of innovation

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