Schumpeter Creative Destruction Demystified
Competition to profit from ideas for offering better substitutions is the underlying strength of producing more from less. On the backdrop of monopolization and uprising of super-rich out of offering…
Innovation
100 posts
Developing Countries to Succeed in Innovation
To attain sustained growth capability, developing countries must succeed in Innovation. However, how to make and measure progress? The ultimate measure is to keep making progress in generating ideas and…
High-Tech Strategies in Perspectives
High-tech has been a lucrative industry. How to enter into this industry has been a strategy question. Although the journey started at the Bell laboratories, many countries are now active…
Creative Waves of Destruction Shaping Future—demands prediction and timely response
Experts are divided in predicting the future of work and living by 2030. They agree that artificial intelligence (AI) and the Internet of Things (IoT), among other technologies, will have…
Innovation Magic through Ideas of Redesign
Neither Apple nor Nichia invented a smartphone or the light bulb. But how have they created tremendous Innovation success stories in these products? How to create such a remarkable opportunity…
Perfection Leads to Nobel Prize—Lesson from Japan’s relentless fueling of creative waves of destruction
Often, we draw a demarcation line between basic and applied researches. It’s a common understanding that industry is after quick profit through the subtle touch of available technologies. Mainly, we…
Craftsmanship to Creative Wave of Destruction—a strategy for profiting from ideas
The world is now divided into two halves-object and ideas suppliers. Ideas are getting far more powerful than objects, like natural resources and labor, for creating new Wealth. Object suppliers…
Uprising of Japan’s Tinkerers to Innovators– lesson to be drawn for entering into the idea economy
In Japan’s industrial economy, some of the names are common. They are Toshiba, Canon, Honda, and Panasonic. They are also global Innovation icons. However, all of them began the journey…
Redesign Ideas for Incremental Innovation
The competitive market demands continuous quality enhancement and cost reduction. On the other hand, we have to pay more for labor, natural resources, and other inputs. Furthermore, a negative effect…
Incremental Approach for Sustaining Innovation
Irrespective of the greatness of the idea, willingness to pay for Innovation–in a competitive market–keeps drifting downward. To counter it, innovators need to keep releasing succeeding better versions. Hence, an…
Managing Innovation in Market Economy–10 Principles
At the core of the Market Economy’s success is Innovation. It’s about offering successive better versions of existing products and innovating new ones to get jobs done better at less…
Innovative Ideas Shape Market Economy
Innovative Ideas Shape Market Economy: Lessons from Great Minds like Adam Smith, Carl Marx, Schumpeter, Vannevar Bush, Steve Jobs, Christenson, Romer, Solow, Tirole, and Porter Economic prosperity has been at…