Author Archives: Jeffrey Phillips
Over the last few posts I’ve been writing about the relationships between speed and innovation. What we’ve considered so far is that velocity (speed in a specific direction) is what many firms require, as the pace of change accelerates, customers demand more and product lifecycles become shorter. Continue reading
Over the last few posts I’ve been writing about the relationship between speed, velocity and innovation. So far we’ve decided that velocity matters (velocity is speed in a specific direction) because the pace of the market is increasing, and as it increases product lifecycles become shorter, meaning new products and services must be introduced more rapidly and more frequently simply to maintain competitive position. Continue reading
In my last two posts I’ve identified the need for speed, or velocity, as an outcome of innovation. What many firms fail to realize is that the game has changed. The rate of change in the environment has increased, and to remain “in the same place” as your firm is today – merely to hold serve – you must accelerate your product and service development capabilities. Continue reading
Recently I wrote an introductory blog post about the importance of VELOCITY as an innovation outcome. Today I want to drill a little deeper, to examine why velocity is so important to many businesses, and why innovation should be the technique that many turn to to accelerate velocity. Continue reading
Flying for 12 hours at a stretch can give you a lot of time to think, in between in-flight meals, movies and other on-board entertainment. The more I thought about the current state of innovation, the more I realized that many of us have it all wrong. Continue reading
I had a nice meeting the other day in Johannesburg with an individual I met through Twitter. We talked about our shared interest in innovation. When I queried him about how he became interested in innovation, he told me that he started out in his company’s process improvement team, and innovation just seemed like the next logical step. Continue reading
Every agrees, on the whole, that we need more innovation. The real questions are “Why” and “How much” innovation we need. Like other patently good things – love, chocolate chip cookies and exercise – we could all stand a bit more innovation. It’s just never clear how much we need or what the real benefits are, at least to many organizations. Continue reading
