innovacracy.com

Welcome to the Home of the Innovacracy
What can we do to innovate our way out of the recession? PDF Print E-mail
  
Thursday, 19 March 2009 04:25

Alright - so I was reading about all the amazing ideas that the Treasury has had about making headway out of the recession.  But here's the thing - while I appreciate the need for speed and the fact that public debate and more specifically - Congressional debate can kill good ideas in their tracks - and while I'm reading complaints from editors of economic periodicals about the lack of speed - my question is - do we for some reason think that the world's brilliant minds would be worse than those at the Treasury?  Is there some reason why we should think that the economic brains out there around the world wouldn't have some good ideas to contribute as well?  

 

I know that everyone's working together, the G20 are meeting, various members of the EU are meeting - many frantic phone calls are happening between a variety of people around the world - but - let's try this - let's see if we throw a bunch of economy innovation challenges out there to solve specific problems - let's see if doing that leads to some new concepts.  I'm willing to bet a few bucks that there are better ideas out there that haven't been tapped yet.

 

Who's up for creating an Innovation Portal to save the economy.  Yes, yes, the recession may be over in the US - it's possible - or it could be a Bear Market Rally - either way - I think there's an opportunity for public debate, ranking of ideas, selection of some of the best ones and implementation of new possibilities and programs.  We are in the middle of a global experiment in financial management - why not open the door to millions of ideas from the crowd, prioritization by the crowd, support by the crowd, etc.  Here's a thought - if millions of people are contributing and thinking on this problem and invested in the solution - how much are you willing to bet that both congress and the administration will listen.

 

My two cents - call me Xylus, call me John-Michael, call me what ever you will - but consider the idea. 

 
9 Must Haves for Innovation PDF Print E-mail
  
Monday, 19 January 2009 17:39

Being responsible for creating innovative ideas in a management consulting company and moreover, trying to turn those ideas into products that can be monetized - I have come to some conclusions about what is necessary for innovation to take root.  This applies to the world of open innovation as well as the world of controlled innovation.  (Although I often wonder - can you control innovation?  Heck - can you even manage it - I like the idea of herding cats - you have to do it for clients, I suspect you have to do it for innovator creatives as well.)

Resource #1: People

There's no way around it - if you don't have the PEOPLE with the creative minds and the capacity to explore - you're going no where fast on the innovation superhighway.  Like that?  Information Superhighway?  Innovation Superhighway?  I'm going to claim to be the founder of Innovation now - just like our esteemed nobel laureate.  No but seriously - think of innovation as being like a car from the Flintstones - if Barney and Fred don't get in their and do some fast footwork, the car isn't going anywhere.

Resource #2: Time

Ok, so you've got your bevy of creative class kinda people - (and yes, for all you grammarians - I know kinda is not a word - move along there, nothing to see) - what now?  Well - let's give them a NOW - too often organizations, groups, companies, government agencies, non-profits, NGOs etc. do not allow their people TIME to think.  Consider the 15% rule developed by 3M all those years ago which have led from Sandpaper to Post-It notes - did it work?  Is 3M the kind of creative company that keeps creating new futures for itself?  You decide, but I'm going to consider the value of the 15% rule and scream it from the rooftops.

Resource #3: Fearlessness

No getting around this - every new idea is a risk - people will struggle with it, shy away from it, run in terror, get queasy, etc etc etc.  Risk is a necessary component of trying to create.  You have to be willing to put yourself out there, accept that someone may not like you, may not like your idea, may not like what your idea means to their job - it's a long list. 

Resource #4: Mistakes

Failure is not an option - we've all heard it - NASA coined it - Project Managers try to enforce it - companies which they could flawlessly execute.  We are however human.  We make mistakes.  Guess what - when we make mistakes we learn from them.  Sometimes that means we won't make the same mistake again.  Sometimes it means we will create something unusual out of the mistake.  Once again - I reference 3M - creators of an adhesive that turned out not to be very good for adhering.  Oddly enough - when you stick some of that stuff on some paper, you get sticky notes.  Otherwise known as Post-Its.  Mistakes lead to discovery.  What would have happened to human space flight if the earlier rocketeers had operated from the ground rule that "FAILURE IS NOT AN OPTION".  So where are we again?  PEOPLE need TIME to take RISKS in order to make MISTAKES so that they can learn.

Resource #5: Blurriness

You know those lines that you were supposed to draw inside of when you were a child - all the coloring books had them - and then you come forward to the 80s or 90s where there's a jeep commercial with a girl driving "outside the lines" - this commercial was particularly poignant because it suggest something - to get creative, you need to blur the lines - maybe even do away with the lines altogether.  In the book the Medici Effect - the author references the idea of "low associative barriers"- and implies that this is a state we all need to get to - the point where we don't allow traditional lines and routine directions to prevent us from seeing the new paths. 

Resource #6: Support

To be successful at innovation, fearlessness is called for, but support comes right behind it.  Even the most successful innovators have to have people in their corner.  It could be a family member, it could be a coworker, it might be a boss.  Support keeps the fearless innovator going when the road grows long, when the nights are dark, when the future is cloudy.  Support restores confidence in the face of doubt and provides the shelter that amazing new ideas require in order to grow. 

Resource #7: Ownership

Ownership may be the scariest part of innovation - taking ownership means making a commitment and seeing it through.  It is very easy to be the 70% person and to throw half-baked thoughts out there hoping that one will stick, that someone will say "that's great" - but the accomplishment and success of any idea can only be achieved thru ownership.  Orphan ideas don't survive.

Resource #8: Diversity

To truly break new ground, crashing together things that have come before, seeing things in new light, studying the world around, hearing the opinions of others - all of these are essential.  The word that sums this up is diversity.  What happens when you put the CEO in the same room as the guy from the mail room.  What if you take the guy from HR and stick him with the girl from Marketing.  How about putting a Brain Surgeon in the same room as a Motivational Speaker?  There's no absolute here - but the more points of view and sources of thinking that you can incorporate into your brainstorming process, the more original and creative the results will be.  

Resource #9: Capital

Capital doesn't always mean dollars or euros or rubles - capital can mean energy provided by individuals.  The energy to support and allow an overhead effort to get an idea off the ground.  The money to pay for necessary information, space, physical resources, etc is capital as well.  Existing raw materials are another form of capital.  Existing information can be consumed equally as well.  At the end of the day - capital is that combination of raw inputs that can be used by the PEOPLE in creatively combined ways to bring ideas to life.

So to round it all up?  PEOPLE need TIME and SUPPORT to BLUR the lines, DIVERSITY to see the possibilities, FEARLESSNESS to make MISTAKES and learn, and finally OWNERSHIP and CAPITAL to bring ideas to life!

For more thoughts on Open Innovation - follow me on twitter: http://www.twitter.com/xylus.

Last Updated ( Tuesday, 27 January 2009 13:09 )
 
Twinnovation - the Innovation of Twitter PDF Print E-mail
  
Friday, 16 January 2009 04:27

Ok, so this is my question - I'm all fascinated with lifecasting and all - it's definitely interesting to watch the conversation - and having each tweet be no more than 140 characters probably graciously fits our overall attention span but...

First question - how can microblogging support innovation - is it possible for a company to really establish an open innovation channel to connection inside innovation with outside innovation - and will it work the way it aught to - inspiring novel new ideas that drive the company forward in disruptive directions creating new markets.  Or...will it drive the company forward in plodding steps along sustaining innovation paths.  Much has been made of bringing the crowd inside - but - according to reliable discussions I have had with several major innovators in banking, consulting and elsewhere - 90% or more of the ideas that are contributed or innovative opportunities that are presented  happen to be along sustaining pathways.

According to at least one subject matter expert, there is some question as to whether the crowd really knows what amazing thing should come next.  Does the crowd crack the disruption nut?  I don't truly have the answer to this any more than anyone else just yet.  There's simply not enough evidence.  Granted there is plenty of evidence of individuals in the crowd coming up with whole new "blue ocean" opportunities if you will - but that's not the crowd - that's a set of really amazingly creative individuals.

The follow on and second question to all of this is - can any organization consume more than a couple ground-breaking new market creating ideas in any given year?  I'm going to have to suggest that the answer to this is a resounding "NO" - companies can only afford to take so much risk, consume so much failure and drive so many new world-beating market-making ideas out there within the fixed budgets and schedules that are available to be allocated.

So -  once again I ask - how can microblogging support innovation - and the answer I believe is "The Truth Is Out There" - but we don't yet know what the "Truth" is.

 

 
Conecting the Dots: Reasons Why Every Company Needs an Innovation Engine PDF Print E-mail
  
Friday, 16 January 2009 04:41

So - over the past couple days/weeks/month or whatever - much has been made of the health of one CEO - Steve Jobs.  The capital markets are betting for or against Apple in fact based on this one man's long term health and the impact that an end to his stewardship would have on Apple's future fortunes.  What does this have to do with Innovation?  Well there's the meat of it - the biggest thing that the capital markets are concerned about is not whether Apple is a good company, not whether it makes good products, not whether it's got things in the pipeline, not whether it's process efficient, not whether it controls expenses - in fact the markets hardly care a wit about any of these things apparently in Apple's case.  The key element that the capital markets care about in regard to Apple and in fact the source of the bets that investors make on this company have to do with creativity and innovation.

Apparently everyone feels that an Apple without Steve Jobs - becomes an Apple with no creative oomph!  And pummeling Apple's stock price is the way that investors make their opinions known on this subject.

So what does this mean?  It points to one potential solution - the establishment of an innovation engine.  Were Apple say to have such an engine, with Steve being a captain/driver of the engine, but not considered the "main source" of all the ideas that fuel the engine - then having his captaincy come to its natural end would not be the purported death of Apple.  Granted - some of the mystique and passion that is inspired about Apple has to do with a passion and mystique associated with Mr. Jobs, but - every king must have a successor eventually.  Companies, like countries, long outlive their founders.  (Or at least have the capacity to do so.)

In any case, the next time a company is trying to decide between that next whiz bang CEO wunderkind and possibly implementing an innovation engine, maybe the market can speak with it's shoes and invest in the direction that points more toward long term disruptive growth rather than betting everything on Fantastic Boy in the third race of the day.

I'm just sayin...

 
Steal My Idea!?!? PDF Print E-mail
  
Sunday, 12 October 2008 09:43

Here's a question for everyone - what if we had a service where the goal was to create so many ideas and to make every single one of them available at no cost to an idea consumer or idea customer.  Would this model make sense?  Would this model be worth something?  Would there be a way to monetize the capability of producing bolts of lightning in a bottle?  You'd think this is what the Patent and Trademark Office aught to be doing.  I'm not sure that they are really there with this possibility though.  I'd like to see what people's comments and feedback would be about this.  Would it work for companies to post all their "best ideas" on the web for comment and feedback, even knowing that those ideas might be consumed by others?  Is proprietary and secret really a good model for growth anymore?  What would be the pluses of making ideas freely available like that?

A few years back there was a company called Idea Labs - this was a brilliant name for a comapny and the concept of trying to incubate other businesses has turned out impressively - although there was no lack of flops produced by these guys, there was also no lack of investor value produced as well.  This still though has been more of the traditional incubation company. 

What I'm thinking of is more like Cambrian House - people submit ideas, they get turned upside down and right side up and shaken all about.  Does this mean that the ideas are freely available?  Well not really.  And of course, once the ideas are put into play they are essentially copyrighted.  Although it might be hard for someone to protect the ideas, they aren't intended to be given away freely.

So what if the ideas were freely available - what would be the model for monetizing this?

I'm open to ideas and comments on whether this might be feasible.  Some would say the open source software movement is basically this.  I think I need to go read that book "Steal This Book" for more ideas - but the problem is that the book was written by Abbie Hoffman - so if I wanted a practical guide on how to be a Hippie I guess it would be good - but as I'm really looking for some practical thoughts on making ideas useful instead of having them always pass away with their originator.  Maybe the site http://stealmyideasplease.com/ is more in keeping with the theme here.

Check Peter Mucha out and see if you think that a business model could be built off this.

 
<< Start < Prev 1 2 Next > End >>

Page 1 of 2
Banner
Copyright © 2010 innovacracy.com. All Rights Reserved.
Joomla! is Free Software released under the GNU/GPL License.