Open Innovation 2.0
MARCH 27, 2017
I recently read Twelve Principles for Open Innovation 2.0 , an article published last year in Nature by Martin Curley. Let me discuss each of these phases of innovation. Closed Innovation. Innovation was increasingly occurring in the marketplace, no just in their labs.
The Real Unemployment Innovation Challenge
AUGUST 24, 2015
Re-framing innovation. Many people have put their faith on innovation as a way to resolve the unemployment challenges that we face. If we’re going to address the challenges ahead, we need to re-frame what we mean by innovation. Rather than focusing on product or service innovation, or even process and business model innovation, we need to focus on a form of innovation that isn’t yet on the agenda of our leaders – institutional innovation.
The Internet, Blockchain, and the Evolution of Foundational Innovations
JANUARY 17, 2017
The concept of disruptive technologies, as defined by Clayton Christensen 20 years ago, has become widely accepted as a way of thinking about innovation-driven growth, but it’s been often misunderstood and misapplied. Similarly, blockchain could dramatically reduce the cost of transactions.
Innovation in open online courses
OCTOBER 7, 2014
This is a short overview of the innovations that we want to explore during the course. The innovations build heavily on community and network approaches that I and others (Stephen Downes, David Wiley, Alan Levine, Jim Groom, Dave Cormier) have used in previous open courses. Videos, simulations, and graphics now contribute to formal MOOCs often costing several hundred thousand dollars to develop.
The Complex Nature of Cloud-based Innovation
JUNE 25, 2014
I find it helpful to look at cloud along two key dimensions: as a technology to improve IT productivity, and as a platform for enabling business innovation. Only one company in six viewed cloud as a way of fostering business innovation.
Market-facing Innovation Labs
SEPTEMBER 5, 2012
But, they are being reincarnated in our 21st century information economy as market-facing innovation labs, with significantly different and broader scopes than those of the original industrial economy research labs. Since we did not have a good understanding of what it was that they actually did, let alone what their problems were, we could not tell them how our innovative ideas could be of help to them in their work.
Disruptive Innovations and Large Companies
AUGUST 2, 2012
The subject of my seminar was Managing Technology-based Disruptive Innovations. Given my long career at IBM, as well as my more recent involvement with Citi, it is not surprising that I am particularly interested in entrepreneurship and innovation in large companies. Its lead article defined the term as: “somebody who offers an innovative solution to a (frequently unrecognised) problem. Startups are generally organized around one central innovation.
Insights into the levers of innovation in 40 major cities globally
JULY 12, 2015
The City Initiatives for Technology, Innovation and Entrepreneurship (CITIE), a joint venture of NESTA, Catapult, and Accenture, has just release a very interesting report on the drivers of innovation in major cities globally.
Innovation as a Journey into the Future
AUGUST 7, 2013
I recently read an excellent innovation report, - Strategic Orientations for Innovation: Chile in the 2025 Horizon. He was a Senator then, a position he held from March of 2002 until his appointment to president of the Innovation Council.
A Conversation on Innovation
Stephen Downes: Half an Hour
OCTOBER 10, 2011
Re: the negative side of innovation, there's a prettyconsistent assessment of innovation & technology, a pretty consistentstatement, by the youth in the occupy movement. If we go one step beyond innovation, we have actuallyreached a cusp in the west. Does the general population support innovation? We need to start thinking about 'innovation' and'Innovation'. Andas long as innovation is tech development, not social development, we willleave them behind.
Revolutionary, Ordinary Innovation
AUGUST 29, 2012
While the Square technology is very cool indeed, Davidoff’s key point is the ordinary nature of the innovation in question. The deal not only has the potential to change the way people pay for coffee and everything else, it also shows how small innovation applied to everyday tasks may be the next new thing for venture capital. Call it the rise of the ordinary innovators. Such major lab-based disruptive technologies are at one end of the innovation spectrum.
Cloud and “Game Changing” Business Innovation
MAY 23, 2012
Earlier this year, IBM’s Institute for Business Value published a very good report - The Power of Cloud: Driving Business Model Innovation. Recent technology and social connectivity trends have created a perfect storm of opportunity for companies to embrace the power of cloud to optimize, innovate and disrupt business models,” is the study’s overriding conclusion. . I could not agree more that the potential for game changing business innovation is the true power of the cloud.
The 7 roles of company directors in driving successful innovation
OCTOBER 22, 2013
I have just finished running a two-day program in Phuket for the Malaysian Directors Academy on The Innovation Zone: Unleashing the Mindset. The piece is below, providing a high-level view on the role of company directors in driving innovation. Five domains of innovation.
Innovation in Higher Education
SEPTEMBER 22, 2011
Tuition costs have risen much faster than the rate of inflation and keep going up, thus making it harder for them to serve the students most in need of their services. We need to look at higher education through the lens of disruptive innovation, argues a report published last February, - Disrupting College: How Disruptive Innovation Can Deliver Quality and Affordability to Postsecondary Education. Why are the costs of higher education so high?
Six characteristics supporting excellence in service delivery innovation
OCTOBER 20, 2015
Last Friday, after delivering the breakfast keynote at CPA Congress in Brisbane (more on that in another post), I ran a half-day workshop at the partner offsite of a national accounting firm network on the theme of Disruption and Innovation in Professional Services. However in professional services probably the most important domain is service delivery, in which extraordinary possibilities for innovation have opened up in the network economy. Continuous innovation.
Big-Bang Disruptions: The Innovator’s Dilemma in the Digital Economy
MARCH 12, 2014
It was later expanded into a book, Big Bang Theory: Strategy in the Age of Devastating Innovation published this past January. . The authors’ key premise is that innovation is once more undergoing drastic changes, driven by the exponential advances in digital technologies. They upend the conventional thinking on strategy, marketing and innovation, giving rise to a new set of business rules. They don’t create dilemmas for innovators; they trigger disasters.”.
FEBRUARY 18, 2011
Optimal execution is only the cost of entry; continual innovation is the necessary competitive differentiator. In a time when competitors can copy your innovation in a matter of months (or less), you can’t just plan, prepare, and execute optimally any longer. You now have to continually innovate in products and services, problem-solve faster, avoid repeating mistakes, and in general learn ( big ‘L’ learning ) faster than your competitors.
An Emerging Platform for Digital, Inclusive Innovation
MAY 30, 2012
The Internet became an incredible platform for innovation, enabling startups, large institutions, and everyone in between to quickly develop and bring to market many new digital products and services. Its reach and connectivity led to the creation of all kinds of innovative, digital applications. Together, these advances are giving rise to an Internet-based platform for digital, inclusive innovations. Inclusive innovation is a relatively new concept.
Open Services Innovation
DECEMBER 1, 2011
Earlier this year, UC Berkeley professor Henry Chesbrough published a new book, Open Services Innovation: Rethinking Your Business to Grow and Compete in a New Era. This is his third book on open innovation in the last eight years, having published Open Innovation: The New Imperative for Creating and Profiting from Technology in 2003, and Open Business Models: How to Thrive in the New Innovation Landscape in 2006. t from your innovation activities.
A Great Stagnation or a New Golden Age of Innovation?
APRIL 23, 2011
These new ventures continue to attract more and more financial capital from investors, which in turn helps improve the quality and lowers the cost of the new disruptive technology and leads to many new innovative applications. But inevitably, the investments in new companies and applications turns into unsustainable speculation, leading to a financial bubble which eventually crashes. The 1700s and 1800s yielded revolutionary innovations in industry, chemistry, and electricity.
Managing Complex, Disruptive Innovations - Some Lessons Learned
FEBRUARY 6, 2013
Over the past twenty years I have been involved in a number of initiatives dealing with disruptive innovations. You don’t really know how quickly the new innovations will be adopted in the marketplace. But, this is generally a mistake, sometimes a very costly one.
Is the Link Now Broken Between Innovation, Jobs and a Higher Standard of Living?
MARCH 5, 2014
Last week I wrote about innovation in the digital economy and some of the puzzling questions we are now wrestling with. Is innovation accelerating or slowing down? Previous technological innovation has always delivered more long-run employment, not less.
The Legend of Apple and Xerox PARC and the Truth About Innovation
JANUARY 12, 2012
One of his choices this year is a New Yorker article by bestselling author Malcolm Gladwell - Creation Myth: Xerox PARC, Apple, and the truth about innovation. He uses Steve Jobs’ legendary 1979 visit to Xerox PARC as the springboard for his reflections on the nature of revolutionary innovations. In the 1970s, PARC was the mecca for innovation in computing. The Xerox mouse “cost three hundred dollars to build and it breaks within two weeks. The innovator says go.
From Trash Cans to Nokia: Is Creativity Innovation?
FEBRUARY 17, 2011
Understanding the difference between creativity and innovation can shed light on seemingly contradictory ideas, namely, that User-Led Innovation Can’t Create Breakthroughs and an article by Patricia Cohen in the New York Times last week about inventions created by users: Innovation Far Removed From the Lab. Total cost: about $300 i.e. a fraction of the $10,000 commercial book scanners that are on the market. Creativity vs Innovation at Nokia.
Edge Perspectives with John Hagel: Institutional Innovation
OCTOBER 8, 2007
Edge Perspectives with John Hagel Exploration of emerging innovations on a broad array of edges that are rising up to challenge the core About Recent Posts The Great Reset Passion and Flow Economic Recovery? Even more fundamentally, few companies think broadly enough about innovation.
Innovation at the State Dept.
SEPTEMBER 5, 2012
To begin with you are dealing with highly educated employees with a strong desire to keep their jobs… Likewise, the report cites a new willingness to experiment and fail, which is essential for innovation but anathema to State’s traditional culture. Implicit in many of the initiatives, there is new emphasis on Need to Share rather than Need to Know; the latter policy optimizes for security at the cost of intelligence.
Trend: offshore service centers driving innovation and revenue
APRIL 24, 2014
The next phase is for GICs to go beyond cost arbitrage on support to drive innovation and higher-value functions, as shown in this diagram from a recent NASSCOM report on GICs in India.
A grain of sand: Innovation diffusion
JANUARY 11, 2011
Today I was privileged to be invited as to present along with four others at an Innovation Diffusion workshop for UCL in connection with the NHS. While incentives have their place, its unlikely that financial incentives will stimulate innovation per se.
White House Innovation Fellows
AUGUST 22, 2012
The White House is announcing the White House Innovation Fellows who are going to work on five projects. Building a prototype process for federal agencies to source low-cost, high-impact solutions from innovative tech companies and startups. Aims: reducing corruption, improving safety, further opening the door to entrepreneurial innovation. Here are the projects: 1. RFP-EZ – twitter: @ProjectRFPEZ.
5 recommendations for successfully implementing distributed innovation and shared value
MARCH 23, 2011
Chapter 5 from Living Networks , on Distributed Innovation – Intellectual Property in a Collaborative World , is still immensely relevant today. We are still relatively early on in working out the implications for innovation of distributed value creation. Here is a section towards the end of the chapter which provides 5 recommendations on managing innovation in a networked world. IMPLEMENTED DISTRIBUTED INNOVATION AND SHARED VALUE.
Christian Bason of MindLab on public sector innovation
JULY 18, 2011
Next up is Christian Bason, Director of MindLab , a cross-ministerial institution for innovation in the Danish government, presenting by Telepresence. The result was far more palatable food, presented well, which in fact cost significantly less to produce. Christian, drawing from his recent book Leading Public Sector Innovation: Co-creating For a Better Society describes co-creation as the systematic process of creating new solutions with people, not for them.
Innovation and Entrepreneurship in Large Metropolitan Areas
AUGUST 12, 2011
For several years now I have been thinking about the differences between various models of innovation and entrepreneurship. In particular, I have been trying to understand the key differences between the innovation and entrepreneurship models that have worked so well in Silicon Valley, the Boston-Cambridge area and similar high-tech, VC-based regions, and the models that might be more applicable to large metropolitan areas like New York and London.
Data Science and the Changing Nature of Research and Innovation
JUNE 19, 2013
Last month, the American Academy of Arts and Sciences (AAAS) released the results of a new study, ARISE II: Unleashing America’s Research & Innovation Enterprise. reorganization of the research and innovation enterprise proposed by the ARISE II study.
An innovative workshop on radical management
FEBRUARY 26, 2012
In these three days ( March 19-21 in Washington DC ), you will discover how to use radical management to thrive in the 21 st Century creative economy and the world of continuous innovation. Have you ever wondered how your firm is going to survive and thrive as the world economy goes through a fundamental phase change—from industrial bureaucracy to a creative economy of continuous innovation? Learn why “efficiency at any cost” went wrong .
The Simple, Economic Value of Artificial Intelligence
APRIL 24, 2017
In their opinion, “the best way to assess the impact of radical technological change is to ask a fundamental question: How does the technology reduce costs? What are the key implications of significant reductions in the costs of predictions?
The Leader's Guide to Radical Management: Is the problem with.
JANUARY 8, 2011
Yet in another sense, the process is taking so long and the social and political costs of that delay are so high that it is appropriate to accelerate the process of re-creation and point out those who are, for various reasons, trying to slow the process down.
Automation Technologies and the Future of Work
SEPTEMBER 6, 2016
Other factors also come into play, including the costs of developing and deploying the automation technologies; the availability and costs of labor; additional benefits like higher quality and performance; and regulatory and social considerations.
The Transformative Power of Cloud Computing
DECEMBER 12, 2016
Cloud computing has gone through three major stages over the past decade: IT-as-a-service in its initial years, then application innovation in it’s next stage, and it’s now just entering the business transformation stage. Application innovation.
Presentation to UNCTAD's Advisory Group on "Developing skills, knowledge and capacities through innovation: E-Learning, M-Learning, cloud-Learning"
Stephen Downes: Half an Hour
DECEMBER 12, 2013
A third model is based on a foundation or the community such as, the Apache Foundation, the Wikipedia foundation and the open source model, where the costs are borne by the community that is interested in releasing the software. This greatly reduces the cost of production and greatly facilitates the ease of creating a course, not just by your academic institutions, but by any institutional provider around the world.
Trust and the On-Demand Economy
DECEMBER 22, 2015
Transaction costs are incurred in obtaining goods and services outside the firm, such as searching for the right people, negotiating a contract, coordinating the work, managing intellectual property and so on.