Category: Finance

When Innovation Fails

Ever since innovation became the buzzword du Jour, a lot of people seem to have lost their ability to tell smart ideas from stupid ones. Case in point: the financial “innovations” (read: stunningly stupid loan products) that kicked off the trillion-dollar economic meltdown mess we’re currently in. The simplistic notion that “new equals good” has often been a recipe for grand-scale disaster, just as it was in the dotcom debacle at the turn of the millennium. Continue reading

Posted in Finance, Government, Innovation, Technology, The Economy | 2 Comments
Tips for Crowdsourcing, Innovation, and Savings

Businesses are always under pressure to reduce their spending and improve their bottom line – that’s just the nature of commerce. But, in recent years, that trend has continued to reassert itself across industries. Continue reading

Posted in Finance, Innovation, Management, Open Innovation, Strategy | 7 Comments

Banks are no longer in the business of funding small businesses. The need is even more urgent given the state of venture capital. In a recent interview in Technology Review, preeminent VC Fred Wilson put his finger on the problem facing entrepreneurs and innovators. Continue reading

Posted in Finance, Government, Innovation, Strategy, Technology, The Economy | Leave a comment
Invest in Start-Ups for Innovation?

I want to focus in on Jason Yotopolous’s following point in this Venture Beat article: SAP gives startups millions of dollars worth of software.. Continue reading

Posted in Case Study, Entrepreneurship, Finance, Innovation, Technology | 4 Comments
Unacceptable Face of Innovation

Innovation in medicine, material science and many other areas has made life better for many people. But there is another side to innovation that is rarely discussed. Many innovations are designed to be labor saving. With the world population increasing labor saving innovation can only eventually lead to economic collapse and social unrest. Continue reading

Posted in Culture & Values, Finance, Government, Innovation, Policy, Technology, The Economy | 5 Comments
Sustaining the Case for Innovation

A few weeks ago I attended a meeting of Innovation Directors from many different industries, where we shared our experience of making the case for innovation and sustaining the investment with or without having to re-make the case every year. From those discussions, I took away a very simple model – a virtuous circle indeed – to sustain the case for investment in innovation. Continue reading

Posted in Build Capability, Finance, Innovation, Leadership & Infrastructure, Processes & Tools, Strategy, collaboration | 1 Comment

How should firms develop the organizational structure, culture, and incentives (e.g., for teams) to encourage successful innovation? When it comes to creating an innovation culture, often people make it far too complicated. If you’re part of the senior leadership team and you’re serious about innovation then your job is simple – reduce friction. If you’re serious about innovation and you’re not a senior leader, then your job is to do what you can to convince senior leadership that innovation is important. Then, gently help your execs see the areas of greatest friction in your organization so they can do something about it. Continue reading

Posted in Build Capability, Culture & Values, Finance, Innovation Perspectives, Management, culture | 4 Comments