innovation, technology and risk

Innovation and RiskAssociations and Technology

C. David Gammel, CAEHigh Context Consulting

www.highcontext.com

“Orville Wright did not have a pilot’s license.”

Gordon MacKenzie, Orbiting the Giant Hairball.

“The future is already here. It’s just not very evenly

distributed.”

William Gibson, author. NPR Talk of the Nation, 30 November 1999.

What is Innovation

Changing the yield of resources. (Supply)

Changing the value and satisfaction obtained from resources by the consumer. (Demand)

Peter F. Drucker, Innovation and Entrepreneurship.

Why Innovation Matters

“It is not the strongest of the species that survives, nor the most intelligent, but the one most responsive to change.”

Charles Darwin

Why Tech Matters

Strong Tech

Weak Tech

Weak StrategyStrong Strategy

Could HaveWill Do

Should Have Won’t Do

Technology Adoption Curve

Early Leading Trailing Laggards

Drucker’s Seven Sources of Innovation

IntrinsicThe unexpected.The incongruity.Process need.Changes in industry or market structure.

ExtrinsicDemographics.Changes in perception, mood, and meaning.New knowledge.

Risk/Reward Ratio

-5 -4 -3 -2 -1 0 +1 +2 +3 +4 +5

+5 = Paradigm-breaking improvement.+4 = Dramatic improvement.+3 = Strong benefits.+2 = Minor benefits.+1 = Very minor improvement.

-1 = Very minor setback.-2 = Minor setback, controllable. -3 = Public setback, requires damage control.-4 = Major defeat, financial damages, recovery time needed.-5 = Devastating losses.Source: Alan Weiss.

Supply Demand

Unexpected

Incongruity

Process Need

Industry/Market Change

Demographics

Perception, mood or meaning

New knowledge

Technologies for Innovation

Supply

Software as a Service

Virtualization

On-demand Printing

E-commerce

Participatory Publishing

Demand

Social Media/Networking

Short-form eBooks

Mobile Content/Services

Ubiquitous Internet Access

Associations in All But Name

Strobist Blog www.strobist.com

Blogher Conference www.blogher.com

Adrian Bye’s MeetInnovators www.meetinnovators.com

Stop doing something...

Now, Innovate!