STARTUPS: Read some parts of the online tech press and you would be forgiven for thinking that only startups have the ability to ever come up with something innovative (and that they can only come from Silicon Valley, of course). Beyond the hyperbole of the media, however, there is a grain of truth to this. Read More at Harvard Business Review.
Innovation success stories are all strikingly similar: a bright idea, supported by a zealot-innovator who sees it through. Everyone claps about how innovative it all is.
But failures happen for all sorts of reasons, and they often occur even when the idea is sound.
This is especially true for business model innovations — when the new idea is not a product, service, or technology but a different way of engaging with the customers and earning revenue from them.
Large organizations in particular struggle to implement these kinds of innovations, which is why you most often see them in the context of entrepreneurial ventures.
Read More at Harvard Business Review
NB:Big small apple image via Shutterstock.