I love behavioral science. Together with related disciplines such as perceptual science, cognitive linguistics and cognitive psychology, I’ve found it to be incredibly useful in helping us both to innovate, and to communicate our innovations more effectively. However while it is wonderful for guiding our designs, it’s critical to remember that its theories are approximations …
A bubble is an economic cycle characterized by the rapid escalation of asset prices followed by a contraction. It is created by a surge in asset prices unwarranted by the fundamentals of the asset and driven by exuberant market behavior. When no more investors are willing to buy at the elevated price, a massive sell-off occurs, causing the bubble to …
In 1919, Mahatma Gandhi initiated a campaign of civil disobedience, including the sale of banned literature, fasting, prayer and work stoppages, to protest the oppressive Rowlatt Acts the British had recently passed. These were an immediate success, but soon turned disastrous and ultimately ended with the massacre at Amritsar. He would later call this his Himalayan …
All organisations face one or more challenges they need to tackle. Some have decreasing markets due to the crisis and need to cut costs, while others are looking for other ways to serve existing or new customers. Your organisation is probably also facing a number of challenges. To gather possible solutions for your challenges, crowdsourcing …
Sickcare professional entrepreneurs come in several flavors: private practitioners, technopreneurs, social entrepreneurs, edupreneurs, academic entrepreneurs, service providers and physician investors. Some are intrapreneurs i.e. employed physicians trying or expected to add value to their employers by acting like entrepreneurs. In other words, they are trying to create employer defined value through the deployment of innovation …
In 2014, Stephenie Landry was finishing up her one-year stint as Technical Advisor to Jeff Wilke, who oversees Amazon’s worldwide consumer business, which is a mentor program that allows high potential executives to shadow a senior leader and learn first-hand. Her next assignment would define her career. At most companies, an up-and-comer like Stephenie might …
The 12 steps to biomedical innovation starts with being a problem seeker, not a problem solver. Eventually, to be successful, customer problems and solutions need to meld around a VAST business model i.e. one that is not just profitable, but that demonstrates: 1. Validity Regardless or which elements of your model you choose, they have to be valid. In other …
“People were so excited and then things just went back to business as usual.” “Leadership announced our new innovation initiatives at the company-wide meeting but then I didn’t hear another word about it.” “There was a lot of fanfare in the beginning but then it just fizzled out kind of like every other initiative so …
In recent decades, innovation has become almost synonymous with digital technology. That wasn’t always true, of course. Long before the microchip was invented, we built an industrial economy based on electricity and internal combustion, harnessed the power of the atom and developed life-saving cures. Nevertheless, lately everything seems to be digital. Entrepreneurs who create software …
Today, many corporations are doing startup calls, setting up company accelerators, intrapreneurship programs, tech scouting, hackathons and datathons. However, despite these efforts, many companies still do not achieve innovation results. Getting innovation results is somewhat difficult, but keeping innovation going is even harder. Regular innovation depends on many factors such as the top management’s leadership, …
As I travel the world helping businesses to create communities of cooperation and innovation I sometimes wonder why we have not been able to solve the world’s Big Hairy Audacious problems together. We potentially have the knowledge, the resources and the technology to do so, but hunger, overpopulation, poverty and pollution are still on the rise. …
Earlier this year the International Association of Innovation Professionals (IAOIP) partnered with the U.S. Chamber of Commerce to host Innova-Con. The two-day conference took place in Washington D.C. to highlight the “disruptive and emerging landscape of innovation.” I had an opportunity to catch up with Innova-Con attendee Steve Palmer, founder and owner at Ever Evolving. …
The greatest unfair competitive advantage for your small business is leveraging this critical shift in how you view the drivers of the future. As I was growing up I’d often quip that my grandmother, who had been born at the start of the 20th Century in a Greek village and lived to nearly the age …