"No, music wasn’t born this way, but Lady Gaga is helping to re-define it just the same. So what’s happening and why does it matter to you? – Here’s the score: Lady Gaga recently announced that her new album wouldn’t be an album at all, but rather an app, and by the way she isn’t the first famous musician to do this, she’s just the most famous so far. This changes things."
Clinton Bonner explains the role Lady Gage play in innovating the music industry. Introducing a music experience in many different facets (online, gaming, social, etc).
Read further here...
Friday, 28 September 2012
Tuesday, 21 August 2012
In Praise of Copycats
"'Critics called it "Bogle's folly.' In 1976,
John Bogle introduced the first index fund through his new company, the
Vanguard Group. The idea was based on research for his senior thesis in
economics at Princeton, in which he showed that, on average, professional money
managers failed to beat the rate of return of the overall market. (The thesis,
written in 1950, earned him an A+.). Wall Street veterans initially scoffed at
the fund, which tracked the Standard & Poor's 500 Index.
Who would be content with hitting the market
average? But the critics were quickly proven wrong. Vanguard grew explosively,
and it is now the largest mutual fund company in the nation. Mr. Bogle's ideas
have been widely copied by rival firms. Until recently, competitors were free
to copy financial innovations—and as a result, index funds are now a huge
business for Wall Street..."
Read the rest of the article here
Read the rest of the article here
Tuesday, 10 July 2012
Open Innovation Past and Present: an Exclusive Interview with Henry Chesbrough
On Innovationmanagement.se an interview with Henry Chesbrough is held:
"Though intensely talked about, open innovation remains a subject matter that both fascinates and creates apprehension among business professionals. In the following interview, Henry Chesbrough, the father of open innovation according to Wikipedia, has sat down with IM.se to discuss a few key aspects of this largely new and challenging innovation model: its evolution, its applicability and most importantly, its essential role in facilitating knowledge creation for the future. He teaches at UC Berkeley’s Haas School of Business, and Esade Business School in Barcelona.
Prof. Chesbrough, could you give us a brief synthesis the Open Innovation movement’s evolution over the last 10 years?
To put my response into context, when I wrote the first book in 2003, I ran a Google search on the term open innovation. The result: 200 page links that said “company X opened its innovation office at location Y”, but really no meaning to the two words together as a phrase. By contrast, when preparing for a talk last month, that same search generated 483 million links, most of which addressed this new and very different model of innovation. Moreover, there have now been hundreds of academic articles written on the open innovation approach, and there is even an annual PhD conference that trains dozens of new scholars each year who are writing dissertations on the topic. So yes, it had become a movement in its own right..."
Read the rest of the interview with Henry Chesbrough here
An other article about Henry Chesbrough his comments at the World Innovation Forum
"Though intensely talked about, open innovation remains a subject matter that both fascinates and creates apprehension among business professionals. In the following interview, Henry Chesbrough, the father of open innovation according to Wikipedia, has sat down with IM.se to discuss a few key aspects of this largely new and challenging innovation model: its evolution, its applicability and most importantly, its essential role in facilitating knowledge creation for the future. He teaches at UC Berkeley’s Haas School of Business, and Esade Business School in Barcelona.
Prof. Chesbrough, could you give us a brief synthesis the Open Innovation movement’s evolution over the last 10 years?
To put my response into context, when I wrote the first book in 2003, I ran a Google search on the term open innovation. The result: 200 page links that said “company X opened its innovation office at location Y”, but really no meaning to the two words together as a phrase. By contrast, when preparing for a talk last month, that same search generated 483 million links, most of which addressed this new and very different model of innovation. Moreover, there have now been hundreds of academic articles written on the open innovation approach, and there is even an annual PhD conference that trains dozens of new scholars each year who are writing dissertations on the topic. So yes, it had become a movement in its own right..."
Read the rest of the interview with Henry Chesbrough here
An other article about Henry Chesbrough his comments at the World Innovation Forum
How David Beats Goliath
"When Vivek Ranadivé decided to coach his daughter Anjali’s basketball team, he settled on two principles. The first was that he would never raise his voice. This was National Junior Basketball—the Little League of basketball. The team was made up mostly of twelve-year-olds, and twelve-year-olds, he knew from experience, did not respond well to shouting. He would conduct business on the basketball court, he decided, the same way he conducted business at his software firm. He would speak calmly and softly, and convince the girls of the wisdom of his approach with appeals to reason and common sense..." Rest of article in The New Yorker by Malcolm Gladwell on underdogs and their chance of success, through designing a new strategy. A valuable lesson for innovation, in which pressure is a good reason to start innovating and how small firms might disrupt large firms through re-inventing the way the game is played. Also read the book David and Goliath or see the interview about his book here
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