Practice of Innovation

Drucker Forum on Innovation

Posted on November 26, 2016 by Curt

“Do you have a value-creation playbook?” “No.”

The Drucker Forum, led by Richard Straub, is one of the world’s most important conferences on innovation and entrepreneurship. It honours Peter Drucker, the genius who laid the foundations for modern management. Each November it is held in Vienna, Austria where Peter Drucker was born in 1909. Many of the world’s thought leaders and practitioners are there to share progress on these increasingly important topics.

During my talk, “Creating an Innovative Enterprise,” I asked the 500 participants if their staff were given a value-creation playbook along with innovation training so they could be effective value creators. Only 5 people raised their hands. (My presentation is here: drucker-forum.) (more…)

Innovation and Education

Posted on November 3, 2016 by Curt

A Defining Convergence

This video is of the President’s Distinguished Lecture I gave at Stevens University on October 5th 2016.

It is often said that the key to innovative success is to fail fast. That is wrong. It is also misleading and dispiriting. The key to innovative success is to learn, search, discover, and create fast. Value creation is a branch of the learning sciences.

Graduates are entering a turbulent and demanding world. Job growth and prosperity have dramatically slowed and automation may eliminate half of today’s jobs. We are not currently creating the jobs and prosperity America needs. (more…)

Value Creation in the 21st Century

Posted on September 5, 2016 by Curt

Boiled Frogs

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…)

Innovation Definitions

Posted on September 2, 2016 by Curt

Can We Agree on the Basics?

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…)

Confronting Decline

Posted on August 9, 2016 by Curt

The Most Important Innovation

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…)