Category: Innovation
What is Innovation?
March 21st, 2007, No Comments
Almost every company touts that they are “innovative” or that they produce “innovative” products and/or services. But what exactly is innovation? Googling innovation results in the following definitions: “The creation of new products and/or services.” “The conversion of knowledge and ideas into a benefit” “PEOPLE implementing new ideas to create value.” Innovation is the act [...]
The halo effect, and other managerial delusions
March 9th, 2007, No Comments
This is a very interesting article at The McKinsey Quarterly that suggests that managers are looking in the wrong places for insights that deliver a competitive advantage. The author states that managers are depending too much on books and articles to deliver a blueprint for innovation or continual success. He states that these resources are [...]
