Ellen Langer on the Value of Mindfulness in Business. Suppose you’re confined to a nursing home.
You’re elderly, you’ve lost much of your mobility, and your faculties are deteriorating. Along comes a Harvard University social psychology professor named Ellen Langer who takes you away on a retreat, where everything is transformed into the way it looked and felt when you were 25. Radios with vacuum tubes play rockabilly and Perry Como, a hardcover copy of Ian Fleming’s Goldfinger sits on a Danish modern coffee table (the movie won’t be released for several years yet), the clothing is au courant for 1959, and the conversation covers recent events like Fidel Castro’s invasion of Havana. The staff treat you like you’re in the prime of physical health, making you carry your own suitcases upstairs even if you haven’t recently lifted anything nearly that heavy. You know, at some level, that this is all a fictional recreation. You wouldn’t expect five days in a retreat like this to have much effect.
About - The UBS Future of Finance Challenge. UBS is one of the world’s leading banks, specializing in wealth management, asset management and investment banking.
In Switzerland it is also the leading retail and commercial bank. UBS’s ambition is to help shape a more open and collaborative financial services industry and to jointly develop new innovative solutions for its clients. We’re involved in the Fintech eco-system in our key global locations through initiatives like our lab at Level 39 in London and our Evolve innovation centre in Singapore.
This open approach enables us to embrace the pace of technological change and learn from entrepreneurs about products and services that will not only offer short-term gains but also will have a lasting benefit for our clients, our firm and the industry. We know it can be hard to navigate the structures of large organizations, especially banks. Great Minds, Great Conversations. 100+ sources that every innovation professional should know. (updated 2014)
Running innovation projects is hard.
By definition you’re doing new things so you can’t rely on old habits and routines. The World’s Most Innovative Companies: Risk, Observation, & Measurement. Every year Fast Company reveals its list of the world’s most innovative companies of the year.
With the topic of innovation front and center, Fast Company considers themselves to be a progressive media brand “written for, by, and about the most progressive business leaders”. For the most part, this year’s top 10 listing comes as no surprise presenting Nike, Amazon, Square, Splunk, Fab, and Uber as the top 6 champions of innovation. Initially I had thought to only mention the top five, but for turning the taxi and town-car industry upside down, I thought Uber deserved a mention as well.
The Five Personalities of Innovators: Which One Are You? Swiss Innovation (swissinnovation) Innovation: Business, Process & Product Innovation News. 32 Innovations That Will Change Your Tomorrow - Interactive Feature. Electric Clothes Physicists at Wake Forest University have developed a fabric that doubles as a spare outlet.
When used to line your shirt — or even your pillowcase or office chair — it converts subtle differences in temperature across the span of the clothing (say, from your cuff to your armpit) into electricity. And because the different parts of your shirt can vary by about 10 degrees, you could power up your MP3 player just by sitting still. According to the fabric’s creator, David Carroll, a cellphone case lined with the material could boost the phone’s battery charge by 10 to 15 percent over eight hours, using the heat absorbed from your pants pocket. Richard Morgan Chris Nosenzo. Start Brainstorming! PFI Platform for Innovation Management. Mit innovate!
Business Model Innovation? Nearly five years ago I wrote this article, but I think it is worth dredging it up out of the archives because there is such misunderstanding out there about what business model innovation is.
This article highlights some of the misconceptions people have about what business model innovation truly is and looks quickly at a couple of more appropriate examples of business model innovation. But of course I’d love to hear your thoughts in the comments, including your favorite business model innovation examples. Here’s the article from 2007: Accelerators and Incubators - MaRS Commons Startup Library.
Statup accelerator >> Turning good ideas into great businesses. LDRLB (LDRLB) Death To The Gatekeepers: Bezos Talks Innovation In The Publishing Space. The heart of Jeff Bezos’ mission has always to circumvent the traditional “gatekeepers” of commerce.
He started with books, an industry ripe for disruption, and moved onto, well, everything else. Www.people.hbs.edu/rhenderson/JPIM_175.PDF. Www.insightcentre.com/resources/PDMCvFINAL.pdf. Www-bcf.usc.edu/~ebayrak/teaching/599F10/BR/jennifer1.pdf. Www.uhu.es/ijdar/10.4192/1577-8517-v2_8.pdf. Www.insightcentre.com/resources/BAM2003forDisruptit.pdf. Www.2ndbn5thmar.com/change/The Innovators.pdf. Performance.ey.com/wp-content/uploads/downloads/2012/02/Perfo.2-January-2012-Journal-v17-Increasing-innovative-capacity.pdf. CREATIVE GENIUS by Peter Fisk. The Innovator's Dilemma: When New Technologies Cause Great Firms to Fail. Category: Business Posted on 2007-06-20, updated at 2010-01-21.
The Innovator's Dilemma by Clayton M. Christensen. Clayton Christensen. The Innovator's Dilemma In his book, The Innovator's Dilemma [3], Professor Clayton Christensen of Harvard Business School describes a theory about how large, outstanding firms can fail "by doing everything right.
" The Innovator's Dilemma, according to Christensen, describes companies whose successes and capabilities can actually become obstacles in the face of changing markets and technologies. Christensen describes two types of technologies: sustaining technologies and disruptive technologies. Sustaining technologies are technologies that improve product performance. These are technologies that most large companies are familiar with; technologies that involve improving a product that has an established role in the market.
Disruptive vs. As the above graph shows, disruptive technologies cause problems because they do not initially satisfy the demands of even the high end of the market. The Innovator's Dilemma: When New Technologies Cause Great Firms to Fail. New technologies and innovations cause even some of the best-run firms to slip and sometimes fall. As you look ahead, it may be helpful to identify innovations that will get your company the most competitive traction. Sustaining technology is an innovation that makes good technology better. A disruptive technology is an innovation that brings something something worse to market. New technologies and innovations cause even some of the best-run firms to slip and sometimes fall. As you look ahead, it may be helpful to identify innovations that will get your company the most competitive traction.
In 1989, BusinessWeek ran a post-mortem about what had gone wrong in this once-great company. The real puzzle was in the early 1980s when Harvard Business School curriculum was filled with case studies about Digital. The first innovation model came out of looking at the falls of companies like Digital and Sears.
Institute for Innovation, Inc. State of the Innovation Union – Progress report issued by the European Commission. Brussels, 5 December 2011 State of the Innovation Union – Progress report issued by the European Commission The European Commission has issued a comprehensive progress report on the Innovation Union, a flagship initiative under the Europe 2020 growth strategy for the decade. The report comes after the recent celebration of the first anniversary of the Innovation Union. A brief summary on the text follows below. Turning Europe into a true Innovation Union The Innovation Union is one of the seven flagship initiatives of the Europe 2020 strategy for a smart, sustainable and inclusive economy. Innovation is our best mean to help put the European economy back on track and tackle societal challenges such as climate change, health and ageing.
Achieving the Innovation Union objectives, our innovation imperative, has become even more important and urgent, and good progress has been achieved in 2011. Entrepreneurship, R&D, Maketing, Innovation. TII Technology Innovation International - Home. Your Friends at Seek (seekresearch) Is Febreze disruptive? It depends what job you hire it for. Is Febreze disruptive? It depends what job you hire it for I often start by reminding clients and prospects -- anyone who will listen -- that an innovative technology is a nice thing to have, and can certainly enable market disruption if it uniquely enables a large sustainable cost advantage, or a new way of doing things that is easier or more convenient.
But technology is neither necessary, nor sufficient for disruption to occur. Front End of Innovation Europe Event Overview. Innovation. The effective FORTH innovation methodology. Innovation requires Lens Shifting. A while ago, my friend Jackie Hutter and I did a workshop on Leading Indicators for Innovation from 2 aspects: 1) how can you look around you for leading indicators of areas ripe for innovation; and 2) what are leading indicators in your innovation process itself. Both are important, the first is more ‘fun’ so we’ll discuss it first and save the 2nd for another post. Jackie coined the phrase, “Lens Shifting” which made me thing of this: The Brain Twist. Innovation Excellence. Innovation Leadership Forum.
Globe Forum. GlobeForum - Start. Innovation UK home page. PFI Platform for Innovation Management.