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Every now and then a book on innovation is published that deserves to be put on the innovator’s bookshelf along with other seminal writings about innovation. Disruptive Innovation – Requires a new business model but not a technological breakthrough. Now the real work begins. [1]
The first thing they should know is that not all technological change is “disruptive.” ” It’s important to distinguish between different types of innovation, and the responses they require by firms. We used a topic-modeling algorithm that attempts to determine the topics in a set of text documents.
Nick Bilton of The New York Times strongly suggests that comfort and wealth are inimical to innovation. He points out that while Google and Facebook are well ensconced in sumptuous surroundings, much of the entrepreneurial activity in high tech is happening outside their sphere, in the rough-and-tumble world of mobile communications.
Procter & Gamble wanted to become “the most digital company on the planet” in 2012, but ran into growth challenges in a difficult economy. Ford invested heavily in digital initiatives only to see its stock price lag due to cost and quality issues elsewhere in the company.
Innov8rs | If youve been around the innovation world for a while you probably came across the 70-20-10 golden rule for portfolio management. This 'rule' suggests that 70% of a company's resources need to go toward core-business innovation, 20% towards adjacent innovation and 10% towards disruptive or radicalinnovation.
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