article thumbnail

Ten Modern Examples of Bad Assumptions

Destination Innovation

Bernie Madoff Here are ten instances from the recent past where people or institutions made assumptions that turned out to be badly wrong: New Coke 1985: After many secret tests and focus groups, the Coca-Cola Company assumed that changing the formula for their flagship product would be well-received, but it led to a backlash from customers.

Examples 169
article thumbnail

Are You Future-Proof? Preparing for Technological Disruptions

Phil McKinney

Technology is profoundly changing how we work and live, from automated manufacturing to artificial intelligence. As such, we need to be aware of how these changes will affect us so that we can prepare for them accordingly. One example of a company or industry that failed to adapt and suffered as a result is Blockbuster Video.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Seven Companies That Failed to Innovate and What Happened to Them

IdeaScale

The mistake in innovation was to assume that minor cosmetic changes and rougher play were the only things sports fans wanted. Innovation isn’t change for change’s sake, but instead, change made with real reasons behind it. Take coffee, for example. The lesson? Compaq started with innovation.

Company 130
article thumbnail

When Information Design is a Matter of Life or Death

Boxes and Arrows

Adding to the design challenge is the fact that the guidelines for how medicine information leaflets are designed changes from country to country, and the guidelines are often vague. The example shown in figure 1.5 uri=OJ:L:2004:136:0034:0057:EN:PDF. Paracetamol medicine information leaflet (back). 2010), www.consumation.com.

Design 111
article thumbnail

How four market-creating innovations are improving education and employment in Brazil

Christensen Institute

By leveraging solutions from Brazil’s innovators, the government can improve outcomes in its education system instead of waiting to fundamentally change the entire system. A 2004 Yale University study showed that Mind Lab improved reading and math proficiency. Thankfully there is hope. The impact.

article thumbnail

3 Vital Idea Crowdsourcing Best Practices from the 2021 Suez Canal Obstruction

Qmarkets

In 2017 it was blocked for a few hours by the OOCL Japan, in 2006 it was blocked by the Okal King Dor for 8 hours, and before that in 2004 the Tropic Brilliance became lodged for 3 whole days. Crowdsourcing Innovation: Changing the world one idea at a time a Ted Talk by Rob Wilmot 3.

article thumbnail

Organizational Design: Clearing the Runway for Collaboration and Breakthrough Thinking

Innovation Excellence

This involved replacing people with machines to do the same work, but such systems are inflexible and not able to adapt to new challenges unless a person steps in to make changes (Ake et al, 2004; pg 27). Ake et al, 2004; pg 266). Example of two different methods for building teams. Bech, 2017). References. Clemons, J.,

Design 55