Pricing is a game – one with asymmetric and imperfect information. So what does this mean for you? Basically, you’re very unlikely to nail pricing the first time. And even if you do come close, you’ll have to adjust as your product and market mature. While you’ll never get pricing 100% right the first time, there’s no reason you shouldn’t set yourself up for the best possible chance at success.

There’s a raging debate about the future of small business. On one side is a mountain of data that indicates entrepreneurship is slowing. On the other side is the rising sentiment that it’s easier than ever to start a new business, whether you’re a 13-year-old sneaker-head or a 65-year-old consultant. Part of the problem is that many of the metrics ...

Imagine a world where access is more important than ownership. Where people exchange objects among themselves, produce their own goods, and trade their time for goods produced by others. Imagine a world in which people do business with other people and not with companies.

When people think about the Internet of Things (IoT) in relation to the economy, they generally fall into one of two camps. One side of things looks the IoT and sees money, to the tune of $11.1 trillion annually, if you look at McKinsey’s evaluation. Others focus on more dire aspects. Ars Technica reports that advances like the IoT could ...

The talent market relationship changes are not just happening at the individual level. Change is also happening at the organizational level, as organizations themselves are moving from a fortress mentality, where all work is secret and kept inside the organization’s four walls, to an integrated, global economy...

People, businesses, and societies are interacting in ways previously unimagined, reinventing business models and forever altering how the world economy operates. To adapt, thrive and innovate in this new Digital Economy, it is imperative that organizations understand the opportunities and threats that will impact the future of business.

If you read Innovation Excellence regularly, you know that we've discussed the Maker Movement several times. So we're happy to bring you The Grommet's take on what they are certain is not just a passing trend. Here is their visual representation of the Maker Movement; its impact on consumer products, manufacturing, retail, and our economy as a whole; and their commentary to go with it:

2014 will be the year of the ecosystem. This is no longer the stuff of gadget-crazed millennials and slick conference presentations of “thought leaders,” but is beginning to permeate every aspect of society and commerce.

Manufacturing will grow in the U.S. when we accelerate the use of technology to increase productivity, enable new business models designed for mass customization and unleash the manufacturers in all of us.

In a world where the pace of change has gone hypercritical, today’s most important race is the race for strategic renewal. It is the race to change as fast as the environment is changing around you; the race to invent new sources of profit before the old ones disappear...