Posts by Jeffrey Phillips
Innovation and its Effect on World of Photography
We’ve reached a couple of interesting milestones in a very short period of time, and it behooves us to pay attention to the changes in what has been an important industry – photography. For innovators, it’s been easy to kick Kodak around, for having missed the transition to digital photography while owning many of the…
Read MoreWhy Failure is an Innovation Aphrodisiac to Some
If you stick around innovation long enough you’ll probably come to believe that we are all dead-enders. After all, what group of people could willingly embrace as much failure with such a positive attitude? Failure, you’ll be reminded, is necessary for innovation. I like to quote the saying that my ski instructor told me years…
Read MoreWhy Innovators Ought to Focus on Product Deconstruction
I’ve been thinking a lot lately about innovation and how we may have emphasized one component at the expense of another. Here I’m talking about something that should appear obvious – the focus of innovation in building new things. We are constantly reminded that innovation is about building new products and services and experiences. And…
Read MoreThe Innovation Skills You Need for 2020 and Beyond
When a noted doyen of the Fortune 500 like Coca Cola talks innovation, your ears should perk up. After all the consumer packaged goods conglomerate has been in business for a long time, and has been successful, but is facing a number of headwinds in its core business. Selling sugary drinks seems passe, as bottled…
Read MoreThe Impact of Evolution on Business Models
Darwin teaches us that evolution is a long, slow process, gradually leading to new adaptive species that emerge over time with specialized capabilities. Therefore, the change in species from generation to generation may be relatively small, but always purposeful and testing the best ways to win in a niche. Just as both the Chihuahua and…
Read MoreWhich Pace of Change to Align To?
You’ve heard it before – the pace of change is accelerating. I can present all of the technology adoption charts, the fascinating nuggets of data that tell you how quickly different products or technologies were acquired by millions of customers. And so on and so on. You already know this. Change is real, and change…
Read MoreWinning the Explore and Exploit Game
So we come to the ultimate post on explore and exploit, at least for now. In past posts we’ve looked at the origin of explore and exploit, the emergence of true innovation explorers like Edison, Bell and a host of others. We’ve noticed the rise of the corporation to exploit the discoveries of said explorers.…
Read MoreThe Future of Explore and Exploit
In my last two posts I examined the origin of explore and exploit, and where it has taken us so far in the innovation space. In this post I want to explore why everything we believe about explore and exploit from a strategic and business model perspective is increasingly wrong, and what innovators and strategists…
Read MoreExploring and Exploiting for Innovation (Part 2)
If you are following along, I’m writing a series of posts about the opportunities and challenges with the way we think about and implement the concepts behind explore and exploit. In my first post I wrote a short introduction to the topic. In that post I looked at the history of exploring and exploiting, which…
Read MoreExploring and Exploiting for Innovation (Part 1)
In so many ways it often feels like innovation is both wholly new, and ancient at the same time. Tools that we use to innovate aren’t new, in fact many are very old, but put to appropriate use they help us create miraculous new things. Too often we distrust old tools or methods, thinking that…
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