The decentralized, public Ledger that was created to serve as the foundation for Bitcoin has evolved and proven its viability for other industries. As a result, the Blockchain Technology has got into its Growth phase, and a wide range of organizations and start-ups are exploring how to utilize its numerous benefits for their advantage.
As innovation lovers, we always like to describe innovation as a great, positive and helpful thing. However, as Clayton Christensen describes in his famous article “The Innovator’s Dilemma“, a lot of companies, oftentimes incumbents, experience in their industries, innovation has a negative, darker side as well. This side can damage these incumbents and wipe them away. Exactly on this topic, Dr. Ankush Chopra, has written his book The Dark Side of Innovation.
On this week’s post I would like to share with you a great theory that I have read this week about Increasing returns and the new world of business. The theory, that complements Christensen’s Innovation Dilemma, try to describe how today’s business world operates and how the new technology companies such as Uber manage to overcome some of the incumbents in their industries.
In last week’s post, I’ve written about developing an innovation capability by establishing structures within the organization such as Centers of Excellence and Innovation Labs. On this week, I will refer to developing an innovation capability from a different approach, from within the organization.
Innovation books are fascinating and therefore many authors focus they writing on this exciting topic. As a result there is a flood of books that deal with this topic. Some of them are great, while others are not so much.
As a result, I decided that on this post, I would do my best to list the 10 greatest innovation books that were ever written so you could shorten your lists to something more reasonable. Later in the year, I will post also reviews on all of these books so you could read and choose whether they are interesting or not for you.
As the importance of innovation rise among different industries, executives seek for alternative approaches and structures that will ensure their ability to innovate successfully.
Gladly, there are various proven ways to design an innovative organization that will have the ability to adapt itself and successfully reach its growth goals and objectives. To achieve these, companies should decide whether they would like to work with their existing organizational structures (which will be covered on next week’s post) or create completely new ones (e.g. Centers of Excellence and Innovation labs).
After writing about August last month and about the best purchase that my wife and I had ever made, I’ve decided to do a research about other cool gadget related to the Home Automation Field that will be popular in the near future.
About a week ago, I’ve learned from Innovation Guru, Gijs Van Wulfen, about Compass. This organization develops a ranking of the global startup ecosystems. Looking at this ranking I’ve noticed that Tel Aviv, Israel is the first hub outside of the US on the list (at 5th place). To learn more about this phenomenon, I decided to read the book Start-Up Nation, that explains the reasons behind the country’s success in Start-Ups in particular and technology in general.
One of the most famous concepts in Innovation is the Innovation S-Curve, the technology life cycle. This framework, which operates alongside the Bass Model, is used to determine performance in regards to time and effort. It assists in determining the level of maturity of the industry / product.
As a result, when evaluating a product or an industry, it is crucial to understand where it is on the S-curve due to the many implications that result out of that such as the possible risks and pitfalls that are associated for certain phases on it.