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Why We Can't Innovate

By Forbes

In the face of disruptive innovation, most firms that we see recognize the threat fairly early, but fail to change the way that they go about innovating. They falsely believe that they "know" the cRead full story

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  • Innovation is about experience - and/or luck. I owned a rather large PC dealership in the 90’s and 2000’s. When the manufacturers started selling direct I was caught flat footed. It took me several years to realize that my business model had to change - I was young and inexperienced. Eventually I worked it out but it was a painful and abrupt process. Now I have a company in startup phase with a brand new technology that has just released a Proof of Concept and we are already planning for iterations

    Innovation is about experience - and/or luck. I owned a rather large PC dealership in the 90’s and 2000’s. When the manufacturers started selling direct I was caught flat footed. It took me several years to realize that my business model had to change - I was young and inexperienced. Eventually I worked it out but it was a painful and abrupt process. Now I have a company in startup phase with a brand new technology that has just released a Proof of Concept and we are already planning for iterations of the technology and different business model scenarios. Business changes faster and faster. Every company should have at least one individual looking for the next threat and planning contingencies.

  • “The future is forever , but the present is this quarter”. How often have I heard that when speaking with leaders about how they are managing to stay ahead of the innovation curve. The future is becoming shorter and shorter and innovation has to be woven into the very fiber of the organization. I agree with the author that you can’t be successful at innovation with out processes and structure to guide and validate the success and failures of ideas. Where organizations fail in keeping fresh new ideas

    “The future is forever , but the present is this quarter”. How often have I heard that when speaking with leaders about how they are managing to stay ahead of the innovation curve. The future is becoming shorter and shorter and innovation has to be woven into the very fiber of the organization. I agree with the author that you can’t be successful at innovation with out processes and structure to guide and validate the success and failures of ideas. Where organizations fail in keeping fresh new ideas that deliver success is in their acknowledgement that innovation must be embraced from all parts of the organization. Creating an open and listening innovative culture is critical to combating disruption today.

  • Excellent article. Time to Re_Set

  • Every industry can be considered a growth industry. Theodore Levitt put it this way, “the history of every dead and dying “growth” industry shows a self-deceiving cycle of bountiful expansion and undetected decay”. Companies that lack foresight, teams that work in silos, all contribute to lack of innovation.

    The railroad is a historical example- an industry whose failure to grow was due to a limited market view. The railroad isn’t failing because of different modes of transportation, they are failing

    Every industry can be considered a growth industry. Theodore Levitt put it this way, “the history of every dead and dying “growth” industry shows a self-deceiving cycle of bountiful expansion and undetected decay”. Companies that lack foresight, teams that work in silos, all contribute to lack of innovation.

    The railroad is a historical example- an industry whose failure to grow was due to a limited market view. The railroad isn’t failing because of different modes of transportation, they are failing because they forgot they were in the transportation business. They were railroad oriented instead of transportation oriented, product oriented instead of customer oriented. Another great insight, I forget who said it, “For a company to innovate they must define their industries broadly” to push back on the myopia that stifles innovation .

  • Innovation labs help companies consider how to best disrupt their business models when those resources exist. The best organizations consider how to consistently shift their business model to meet changing market conditions. The truth is we can innovate: how many of us are wired to innovate?

  • This is true of schools too. Both private and public.

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