Patent Expiry Can Increase Innovation

Patent Expiry Can Increase InnovationWhile patents help protect innovations, patent expiry can lead to an explosion of creative new uses for existing technologies and create new business opportunities.

As an example let’s consider 3D printing.

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Don’t You Want 17% Growth in Earnings ?

OI Gives 17% Growth in Earnings per YearI am frequently asked, “Why should my company adopt Open Innovation?”

My new response will be, “Don’t you want 17% growth in earnings each year.”

Let me explain.

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Three Reasons People Reject Creative Ideas… and Three Things You Can Do About It

No by sboneham used under Creative Commons License
We have all experienced it. You have a great idea but it’s rejected by your colleagues, your boss or your CEO.

Rejection is common. While most people admire creative individuals, entrepreneurs or writers they can find it difficult to back a creative idea.

Why is that?

Here are three reasons why people reject novel ideas and three things you can do to help get your ideas adopted.

 

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Invention is Reinvention

Sometimes Invention is ReinventionSo, you don’t have a new idea for a wonderful product. Not a problem.

Sometimes invention is reinvention. Many successful ideas are new ways of reusing existing ideas or new combinations of existing things. Here are three examples:

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The Five Innovation Myths That Destroy Big Companies

The Five Innovation Myths That Destroy Big CompaniesNokia is seen as a company that was innovative but is in decline. It was the company that made cell phones fashion accessories. In 2008 it had a 40% share of the global mobile phone market. Today it has just 3% of the smartphone market and the company is worth just 5% of it’s 2008 value.

What makes a company go into such a sharp decline? What hampers their innovation?

Let’s look at some innovation myths that can destroy big companies.

Myth 1: It’s Easy for Big Companies to be Radical Innovators
Myth 2: Big Companies Know Their Competitors
Myth 3: ‘No Problem, We’ve Got That Covered’
Myth 4: Our Customers Love Our Brand and Will Stay Loyal
Myth 5: If We Fall Behind We Can Catch Up Quickly

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Innovation Needs Action – A Quick Approach to Market Testing

Survey resized 4

Got ideas for new products or services? Will other people buy them?

Test this as quickly, and as cheaply, as possible. Then, you can focus your resources on developing your most promising ideas.

Here’s a quick approach to market testing ideas, that we used recently with one of our clients.

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Your Adjacent Possible – It’s Bigger Than You Think

Peek-aBooo by Shardayyy (Used under a Creative Commons License)

Why didn’t  Leonardo da Vinci invent the helicopter? In the 1480’s he drew a vertical flight machine. His notebooks reveal that he built small models of it. So why wasn’t he the first person to make a helicopter? Continue reading

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