Tag Archives: risk

You Are Not a Special Snowflake

You are not a special snowflake. Many people resist innovation by talking about all of the special problems they face. Too many constraints, too much regulation, a risk-averse corporate culture, a complacent, traditional industry, or a unique set of obstacles that you can’t possibly understand if you don’t face them yourself – all of these are terrible excuses for not innovating.

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Would You Roll The Dice?

Let’s play a game. It costs you $1 to play. We then roll a dice once. If it comes up 6, I pay you $10 otherwise you lose. Do you want to play? Most likely you will agree to play. You have a one in six chance of winning $10 for a $1 bet. Now let’s make it $1 million to play.

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The Tyranny of Today Blocks Innovation

The tyranny of today? What's not to like? For innovators the tyranny of today is personified as Lex Luther, superman's alter ego. The tyranny of today as a phrase does more, with less, to describe the barriers to innovation than almost any description I've heard. And I should know, I wrote Relentless Innovation trying to define how to overcome the tyranny of today.

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Quick Win Innovation

Whenever people talk about innovation they tend to focus on the major break-throughs and category-changing product launches such as Dyson, Apple iPod and Google. These are known as disruptive innovations. It’s all very exciting to be groundbreaking and cutting edge – and, of course, everyone would love to be the company that launches the next big thing in their marketplace. But, this can also be problematic.

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Rockstar Studios Knows How to Innovate

Yesterday I wrote about how innovation requires courage. It takes guts and vision to do something that is so remarkable, that it changes everything. Here then, is a great example. Innovation in the gaming industry is hard to come by. Games haven’t changed much in the last decade. The only noticeable different take on games was introduced by one of ...

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Innovation Requires Risk Taking

“If you’ve never failed… you’ve never lived” is a popular video on YouTube describing the failures of people like Thomas Edison, once called “too stupid to learn” by his teacher and Walt Disney, who was fired from a newspaper for “lacking imagination”. Not every idea succeeds, and indeed, some of America’s most triumphant inventors, artists and entrepreneurs have most likely ...

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