Tag Archives: Incremental Innovation

How Behavioral Economics is Killing Innovation

When my daughter Maya was in middle school, she decided to repeat a behavioral economics experiment featured in Dan Ariely’s book Predictably Irrational for her science project. In her experiment, she offered participants from the control group two options. Facebook access, she suggested, was going to cost money. It would cost $5 a month to access Facebook through your phone only, and ...

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A Model for Dual Corporate Innovation Management

As rightly pointed out by Tim Kastelle recently, it’s imperative to distinguish discovery from execution when it comes to startup and innovation activities – bearing in mind that both purposes are complementary and equally important. Along with the case made in my previous post, this suggests following a dual approach to balanced corporate innovation management. The main objective of dual approaches is to sufficiently separate exploration-/discovery-oriented initiatives from exploitation-/execution-oriented ones ...

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Whitespace vs. Rightspace: How Quest-led Innovation Finds Right Space for Breakthrough Innovation

How do you locate the right whitespace for you? How do you focus your innovation efforts on whitespace that is most likely to allow you to successfully expand your business without over-reaching and stretching beyond your capabilities? There are a group of companies today that have a secret weapon that helps them do this. Ultimately, the answer comes down to how they define their business.

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