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Often organisations don’t understand what innovation is. Things like process improvements, cost cutting and change management do not seem very ‘innovative’ but actually are the changes that lead to innovation.
Simplifying a process can be as innovative as creating a whole new one so moving a traditional thinking organisation to an innovative thinking organisation is not as hard… Continue reading
As described in management imperative #2, companies operate in an increasingly dynamic environment driven by shifting consumer needs, intense competition, and new enabling capabilities. The result: faster obsolescence of offerings, processes, and business models. To maintain value in these fast-pace conditions… Continue reading
My solicitor recently sent me a Croner briefing on creativity: “Creativity – are we in our right minds?” (Smaller Business Briefing Issue 143). This excellent piece of work draws attention to the concept of creativity and its application. Sometimes being in business can be so operational that we forget Drucker’s dictum that only two things make money for a business: innovation and marketing
Turn to the average annual report and read the CEO letter. Often you’ll find words to the effect, “we’re committed to innovation,” or “we’re growing through innovation.” As a former ghostwriter of these letters, I found they were usually vetted by too many executives and the final product is so watered down it becomes meaningless.
In order to develop a “creative” economy, driven by innovation and competition, a government has decided to support nine industries and services, namely: crafts, performing arts, film, publishing, broadcasting, architecture, advertising, design and fashion.
Their economic value currently represents 10%-12% of gross domestic product (GDP), about the same size as the agricultural sector.
The Philippines? No, it’s Thailand.
The creative industries sector in another country has been identified as a key growth driver… Continue reading
Springer book discusses business challenges and opportunities in times of demographic change
The current shift in demographics – aging and shrinking populations – in many countries around the world presents a major challenge to companies as well as societies. Although this sensitive issue has recently started to draw the attention of scholars, business leaders and politicians, research on the implications of the demographic change on businesses is still in its infancy… Continue reading
They’re building a stairway to heaven - well, not exactly, but there are elevators to the sky in the works.
According to NASA, the Millennium-Two Space Elevator is an Audacious Space Elevator and described as this: “A space elevator is essentially a long cable extending from our planet’s surface into space with its center of mass at geostationary Earth orbit (GEO), 35,786 km in altitude. Electromagnetic vehicles traveling along the cable… Continue reading
Global leaders met all weekend to avoid a total economic disaster while business leaders found it easy to be overwhelmed by the speed, scale, and far-reaching impact of this crisis.
IT leaders need to find courage to look beyond the immediate threat and continue to advocate IT-based innovation, according to presenters at the Gartner Symposium/ITXPO 2008.
“IT will be critical during these times,” said Gene Hall, chief executive officer for Gartner.
Kicking… Continue reading
