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.
What product or service to stay ahead
On October 4, 1957, Russia launched a beach-ball-sized satellite named Sputnik, which orbited the Earth in just over ninety-six minutes. The previous frontrunner in the space race, the United States, was now the runner up. Our only competitor had trounced us, seemingly out of nowhere. A month later the Russians
Who is passionate about my product
I’ve never shopped at the online craft marketplace Etsy.com or even any of its competitors. Not an area of interest for me as I’m not often in the market for hand-knitted iPod cozies, customized guitar cables, or the like. As for my wife and daughters – they are
What is surprisingly inconvenient about my product
What is surprisingly inconvenient about my product? The designers and engineers who work at HP face many challenges in getting their ideas signed off on. It’s a long process from an idea to a finished prototype. Before any product can hit the market, it faces one final test. I
How Can My Product Change in 5 Years
Do you sell atoms or bytes? Do you think that your answer could change over the next five years? Think about Amazon and the Kindle. Jeff Bezos asked, What is my role going to be if the nature of books changes? He realized that to stay relevant and necessary his
The Impact of the Innovation Economy S14 Ep28
Download The_Impact_of_the_Innovation_Economy_S14_Ep28.mp3 A recent event brought back to mind a blog I posted in January 2017 on the innovation economy. A news agency reporting on a candidate running for governor referenced that blog post. The candidate‘s platform is the innovation economy.
Where do we perform research and development
Where do we perform product research and development? Where else could this be done? What is your organization’s philosophy about design and development? Do you keep everything in-house, or do you outsource as needed? There are two schools of thoughts on this. By keeping the design process in-house, a
Where are your future customers?
How will you identify and locate customers in five years? Every hot trend reaches a point I like to call the “Uncle Larry moment.” You know what I mean. It’s the juncture where one of your older relatives announces he’s taken up something that had seemed cutting edge, futuristic, and exciting up til
In What Order Do You Do the R and D Process
In the traditional R&D process, the product is developed and then handed off to the design team to “wrap” it and make it look pretty. The drawback is that this approach is out of date; in the last ten years consumers have become much more design-savvy. Consumers want
Innovation Leadership Skills: 6 Questions Great Leaders Ask Their Employees S14 Ep26
Download Innovation_Leadership_Skills_6_Questions_Great_Leaders_Ask_Their_Employees_S14_Ep26.mp3 A key mission for an innovation leader is to motivate, support, and help your teams learn good innovation habits. This should occur daily with each interaction. Modeling leadership habits and exhibiting leadership skills inspires employees to
What emotional psychological or status benefit could people derive from my product
What emotional, psychological, or status benefits could people derive from using my product? Do you have diamonds stashed away that you reckon you can sell if times ever get tough? Say, a family heirloom, or an engagement ring from a failed marriage? Perhaps you know how much the diamond was