Innovation
These essays on innovation cover a wide range of topics, from the basics of innovation to detailed case studies and examples. Each essay is designed to give readers an understanding of the principles that drive innovation while providing practical advice on creating successful innovations. Through these essays, I aim to help readers better understand the process of innovation and use it more effectively in their own lives.
Innovation in the Classroom: Why Education Needs to Be More Innovative
Education is the foundation of our economy. What (and how) we learn in school determines who we become as individuals and our success throughout our lives. It informs how we solve problems, how we work with others, and how we look at the world around us. In today’s innovation economy, education beco
The Future of Innovation: Where Creativity Meets Data
Sir Arthur Conan Doyle developed one of the most creative fictional characters of all time, a character that inspires remake after remake in movies, television shows, and books. People can’t get enough of Sherlock Holmes. But the reason that Doyle was able to captivate audiences with Holmes is becau
The Economics of Innovation: Valuing Innovation as an Intangible Asset
The Austrian-born American economist, writer, and business consultant Peter Drucker wrote these words almost a half-century ago, and they still ring true today. Drucker had his finger on the pulse of corporate evolution and lived to see the truth of his words play out in global economic trends. “Alt
Are You Ready to Thrive in the Innovation Economy?
Henry Ford: the man, the myth, the legend. Ford was an innovator. He pushed society forward, not only with the original American automobile but also with an energized way to mass-produce on the assembly line. He was able to make his ideas become realities because of his mindset to surround himself w
Building a Business That Booms in the Innovation Economy
When Gary Hamel says, “Jump,” businesses ask, “How high?” Hamel is one of the greatest business thinkers of the present day, and The Wall Street Journal and Forbes agree. So when Hamel talks about how both business leaders and their teams need to be engaged in the innovation process in order to thri
Understanding the Innovation Economy and Its Impact on Our World
The innovation economy definition is an economic element based on the production, distribution, and consumption of ideas, information, and knowledge. We’re seeing the rise of the innovation economy, and those who cling to old ways of doing business are getting left behind.
The CEO Innovation Dilemma: Creating an Innovation Culture That Works
CEOs across America are facing a critical dilemma: how to keep up in today’s innovation economy. 97% of CEOs agree that innovation has grown increasingly important over the last 10 years, and 73% of those CEOs note that innovation plays an important role in determining the value of a company. The pr
How to Implement the Law of Execution
Theodore Levitt, known for creating and popularizing business terms like ‘corporate purpose’ and ‘globalization,’ understood the necessity for balancing an innovation agenda with the operational agenda. He also understood that this balance doesn’t come easy. The challenge is really two-fold. First,
3 Examples of How Poor Business Execution Can Impact Innovation
Many exciting innovative ideas fail. Why? One reason is the poor business execution of the idea. Lee Iacocca has had a few brilliant ideas over the course of his career. He spearheaded the development of some of the most classic Ford cars, like the Pinto and the Mustang, which is just one of the man
3 Innovative Companies That Understand How to Execute for Success
Jack Welch was the CEO of General Electric for two decades because he knew how to accomplish what he discussed above. He knew how to balance the execution of operational activities and innovative agendas. Not every business leader can do this, but there are a few who have. And those few have electri
