Wednesday, June 16, 2010
Saturday, June 5, 2010
Creativity Versus Execution
At the end of her entertaining video on the “Anti Creativity List” Youngme Moon closes with “get back to work”.
The obvious question this seems to raise is, when do you stop being creative and switch to “getting stuff done?” After all, ideas without action usually create no value. But maybe this is the wrong question. Perhaps a more appropriate question would be, how do you effectively blend the creative process and the execution process to increase value?
Friday, June 4, 2010
Problem At The Library
Perhaps money is the only solution to this problem, see Patty Fisher article below, but I have to wonder if instead the needs of the library could be analyzed into a set of problems some of which could, perhaps, be solved by innovative solutions. For instance if staffing is a significant piece of the budget could the library be staffed by volunteers? If paying for utilities is a problem perhaps the library could only open during daylight hours - restrictive yes but better than no library.
Thursday, June 3, 2010
Simple Somber Example of Applying an Idea
The following is a somber example of a simple invention applied to create a deadly effect at the Battle of the Somme.
Solve it in the shower
I was asked to consult with a start-up company that had developed tools for analyzing transactions on the web and detecting possible fraud. The company had sent a team of people out into the marketplace to sell the product and they had generated a lot of talking interest but very little sales. From our discussion it was clear that the company had no strategic marketing expertise and as a result they were chasing "everything that moved."
Tuesday, June 1, 2010
Creative Destruction Completed
BBC Sport - Football - Real Madrid unveil Jose Mourinho as their new coach: "Jose Mourinho has been unveiled as the new manager of Real Madrid after signing a four-year deal at the club.The destruction is complete. Jose Mourinho has joined Real Madrid and now has to do it all over again!The 47-year-old replaced Chilean Manuel Pellegrini to become Real's 11th coach in the past seven years.
'I like to give myself a challenge and this is a big one,' said Mourinho. 'I have a lot of confidence in myself and my ability as a coach.'"
Saturday, May 29, 2010
Ford Model T - Value to Employees
You've heard that there are better paying jobs in the city and so you move to Highland Park where you're lucky enough to get a job at the Ford Motor Company. Although the work is hard you can now make $5 a day or $1200 a year, five times what you made as a farm worker. Even more exciting is the fact that you now own a car.
When you began your working life on the farm cars cost around $3500 and were only available to the rich. Now the very car that you help to produce everyday sells for $400 and whereas as a farm worker it would have taken you 14 years wages to purchase a car you can now do it for just 4 months wages. The value you find in owning a car is enormous. The freedom you now have would have unimaginable when you were a farm worker. You now have the opportunity to drive where you want, when you want. No more waiting for trams, buses or trains. By contrast the Ford Motor Company selling a lot of cars.
Wednesday, May 26, 2010
Reducing the World's Poverty
... the upswing in the Chinese and Indian economies has, in the last 30 years, wiped out about 25% of the worlds destitute poverty....both countries have become hugely entrepreneurial.
Carl J. Schramm - President of the Kauffman Foundation
Innovation, Value and the Ford Model T
The Ford Model T was introduced in October 1908, selling for $850.00
By August 1916 the price had dropped to $345.
Innovation was the key to Ford's Success
Other companies were trying to produce low priced cars but Henry Ford used innovation to drive down the price.
Although Ford is generally recognized as a pioneer for mass production techniques his company developed many other innovations that helped to produce this dramatic price decrease. Its important to recognize that he and his company looked for every opportunity to make improvements and reduce costs - he used process improvement before the term was invented as well as product innovations to reduce the price of the model T.
Data Source:
Ford: The Men and the Machines
Monday, May 24, 2010
Challenge
Following Inter Milan's victory over Bayern Munich I was intrigued by rumors about manager José Mourinho suggesting that he would be leaving the club and moving on to manage Real Madrid.
In the normal course of events you might imagine that a person would not want to throw away this pinnacle of success but keep going with a reputation and a winning formula.
By contrast, Mourinho, in his often oblique way, has talked of fresh challenges. "When I win I don't stop and here [in Italy] I have won everything. I've won the Champions League with two clubs and I can do it with three," he reflected on Saturday night.link: BBC - Phil Minshull’s Blog: Is Mourinho making a Real mistake? In perhaps a tenuous way this has undertones of "Creative Destruction" and the need to continually be reinventing. This is an important element of the creative process and another reason that it has to be part of a companies culture, as opposed to a one time event.
Sunday, May 16, 2010
Start-up Ideas: Leveraging Resources
"a platform that allows companies to tap into labor on demand."
Startup Sessions Video: In Conversation With Lukas Biewald, Co-Founder, CrowdFlower:
Is The US Losing Its Way?
Reflections from Bruce Nussbaum at Business Week:
When I began the Most Innovative Companies annual survey with BCG’s James Andrew, nearly all the top 50 companies were American. This year, more than half of the most innovative companies in the world came from Asia and Europe. Despite all hoopla and blah-blah about innovation among CEOs in the US, the actual building of the rituals and processes that produce innovation is increasingly taking place outside America. With the S&P 500 stuck at 1999 levels, the profit proof is in the pudding. There has been an innovation mirage in the US over the past decade, perhaps two. [From Innovation & Design Blog - BusinessWeek]
Friday, May 14, 2010
Revisiting an earlier creative period
Tuesday, May 11, 2010
Ways To Avoid Building Value
Monday, May 10, 2010
Why Do We Educate Children
Friday, May 7, 2010
Would You Be Able To Live Without Innovation?
Here is the challenge. When you wake up tomorrow morning before you get out of bed vow to spend your day living a life that doesn’t make use of something that at one time was an innovation.
Well you’ve immediately failed because unless you are lying out on the savanna curled up under a tree you are probably lying on some form of bed - a contraption that someone invented, refined, refined and refined again until the product that you are now sleeping was born.
If you wake up warm and comfortable its probably because you are in house that is heated or cooled, so many innovations here we would quickly lose count.
Its unlikely that you will head out to the woods to collect wide eggs or kill a pheasant for breakfast. Instead you will sit down to food that was bought at the supermarket, food that will be easy and quick to prepare - and may or may not have a lot of nutritional value.
Take a shower before you leave the house and....
Get in your car or catch a bus and....
Well you get the idea.
Virtually everything we do in developed countries uses something that no matter how familiar to us was once innovation.