Category: The Economy

Today Every Company must be a Service Provider and a Software Company - Innovation Excellence

Companies will need to think innovatively about customer needs. CEOs must ask ‘In the IOT what is our new value proposition?’ Firms will have to hire software engineers to design and deliver service solutions based on usage data. They will need data analysts to review all the data they gather from their devices. In other words every company will have to become a service provider and a software company – or perish. Continue reading

Posted in People & Skills, Policy, The Economy | 1 Comment
Chuck's image

2015 was a transformative year for technological innovation. 2106 continues that technology trend with more disruption in sight. Below is a short list of Chuck Brooks’ predicted trends for the coming year: Continue reading

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Access Economy

When Henry Ford started his company in 1903, he did more than just create a car or an assembly line (neither of which he actually invented). What he did was establish an entirely new form of organization, culminating in the vertically integrated River Rouge complex that was completed in 1928. Continue reading

Posted in Industry, Technology, The Economy | Leave a comment
The Fractional Employee Future

In my last article 10 Reasons to Hire a Part-Time Chief Innovation Officer, I looked at the reasons why an organization might want to hire someone part-time to lead their innovation efforts (a follow-up to my previous post Hiring the Right Chief Innovation Officer). Now I’d like to explore the idea of a fractional employee in a much broader context with you… Continue reading

Posted in Growth, Innovation, Management, The Economy | 1 Comment
The Five Hottest Innovation Trends

The start up craze. 3-D printing. Uber, AirBNB and the unstoppable On Demand Economy. We first reported on these and other driving forces of change in the inaugural issue of InnovationTrends (May, 2014). Only a year ago, we were just hearing about the “sharing economy” (since renamed the On Demand Economy), today the mainstream media reports on these trends constantly. Check out these top five I-Trends: Continue reading

Posted in Entrepreneurship, Innovation, Technology, The Economy | 1 Comment
The Future Of Money

It’s easy to see how money caught on. It was a much more efficient way to transact business than bartering one good for another. Money was also a useful store of wealth, certainly more convenient than livestock or grains. These two core functions—a medium of exchange and a store of value—still define money today. Continue reading

Posted in Technology, The Economy | 2 Comments
Are You Ready for the Millennial Majority?

If you’re wondering why so much talk lately has been about Millennials, it may be because they’ve just become the majority of the American workforce. It’s true. The offspring of the “forever young” Boomers are taking over. The torch has been passed. There’s no going back. Continue reading

Posted in The Economy | 1 Comment