The world is entering a turbulent and demanding economic period. Over the past few decades job growth and prosperity have dramatically slowed in America and many other developed countries, including Japan and the European Union. In America GDP growth has declined from 4% in the nineteen nineties to under 2% per year. Larry Summers has referred to this as the “new normal.” (more…)
I was recently asked to define a number of basic innovation terms. Below are some of the most important. I would greatly appreciate your feedback. I will address the issues and thoughts you provide in future posts. (more…)
We must innovate the process of innovation. In an exponentially changing world, if our value creation processes are not exponential, we will fall behind exponentially.
Our economy is turbulent and demanding. Over the past three decades job growth and prosperity have dramatically slowed in America and many other developed countries, including Japan and the European Union. In America GDP growth has declined from 4% in the nineteen nineties to under 2% per year. This growth rate will not produce the jobs and prosperity needed. (more…)
I gave a webinar to The Learning Consortium in May about how SRI International went from failing to being one of the world’s most productive R&D and innovation enterprises, having created Siri, HDTV, and many other world-changing innovations. The presentation is here. Throughout the presentation the hundreds of participants were asked questions. The answers are in the slides. After the presentation the audience asked me additional questions about SRI’s transformation, which are given below with my answers. For background, here is Steve Denning’s Forbes article about culture change at SRI while I was CEO. The first rule was to never mention “culture change.”
Products, Services, and Prospect Theory
Behavioral science is now an influential part of economics. It needs to become a more important part of the discipline of innovation. Although the discussion below is somewhat speculative, it highlights important perceptual attributes of “customer value.” Prospect Theory inspired this discussion, but the focus is quite different. Therefore I call it “Customer Value Analysis,” a model to help better evaluate the relative merits of different forms and amounts of customer value. (more…)
The Arts and Entertainment
In a recent post stimulated by a conversation with David Nordfors and Pramod Khargonekar and his team at NSF, I suggested a more general definition for innovation:
Innovation is the creation and delivery of surprising new knowledge that has sustainable value for society.
Adam Cheyer Discusses the Origins of Siri
What does it take to create a world-changing, disruptive technical innovation? The history and technology behind Siri, the world’s first intelligent computer assistant, is described here by Adam Cheyer, one of the founders of Siri, the SRI company bought by Steve Jobs for use on the iPhone-4. Siri added tens of billions of dollars of market value to Apple and profoundly changed the way the world thinks about interacting with computers. (more…)
“Learn fast to succeed early.” Yes.
“Fail fast to succeed early.” No!
The right concepts move us forward. The wrong concepts hold us back.
In Silicon Valley it is often said, “You must fail fast to succeed early.” That is tragically wrong. The goal is never to fail fast. It is also demoralizing.
Last year I was in Singapore and met Israel’s former economic minister. When I asked why he was there he said, “Like Singapore, Israel is a small country. Most of the world’s important opportunities, talent, and resources are somewhere else. I am here to discuss how to make the world transparent for us.” That is an important idea. This objective is also being pursued by companies and universities around the world. (more…)
In a previous post, A Transparent World, properties of our increasingly transparent world were discussed. Here we discuss what these ideas mean for companies. I will focus on three themes:
- Employ a Value-Creation Playbook focused on the customer.
- Use web-based collaboration platforms to create a transparent value-creating enterprise.
- Work globally with the best talent inside and outside the company.