Tag Archives | innovation

Self-Renewal and the Courage to Fail

We are all faced with a series of great opportunities – brilliantly disguised as insoluble problems. February 16 is the anniversary of the death of John William Gardner, the author of that quote. Gardner was Secretary of Health, Education, and Welfare in the late 1960’s, founder of two influential U.S. organizations (Common Cause and Independent…

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Imitation as a source of innovation

What was the first fast food company?What was the first credit card company? Most people probably don’t know the correct answers are White Castle and Diners’ Club. While both companies still exist, they now have relatively small share in what has turned out to be very large markets. As I’ve previously argued, the benefits of first mover…

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Measuring innovation

An article in Industrial Market Trends alerted me to the Goldense Group 2008 Product Development Metrics Survey of the top 10 R&D metrics used by industry: R&D spending as a percentage of sales (77 percent); Total patents filed/pending/awarded/rejected (61 percent); Total R&D headcount (59 percent) Current-year percentage sales due to new products released in the past six…

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