Accidents are often Innovation Opportunities
An accident produces an unexpected set of circumstances and this can lead to opportunities for innovation.
- 14/12/2018
- 6
How Often Should You Roll the Dice?
Let’s play a game. It costs you $1 to play. We then roll a dice once. If it comes up 6, I pay you $10 otherwise you lose. Do you want to play? Most likely you will agree to play. You have a one in six chance of winning $10 for a $1 bet.
- 27/11/2018
- 3
Innovation lessons from David Bowie
Born David Jones in January 1947, David Bowie renamed himself in 1966 to avoid confusion with Davy Jones of The Monkees.
- 24/11/2018
- 6
IKEA's Founder is the Master of Frugal Innovation
Ingvar Feodor Kamprad was born in 1926 on a small farm in the Swedish province of Småland. He had an austere upbringing and the lessons he learnt in thrift stayed with him throughout his life. At the age of six the boy started a business selling matches to neighbours.
- 23/11/2018
- 4
Six Reasons Why Innovation Teams Fail
Once you have identified a great idea for a new product or service innovation what do you do? Many firms put together a cross-functional team (XFT) and tell them to bring the product to market. It seems like a good approach. They have budget, people, and empowerment. What could possibly go wrong? Lots of things. Here are six common reasons why XFTs fail to deliver.
- 21/11/2018
- 4
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