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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
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Business Model Innovation Basics Series - Part 1: What is a Business Model?

The BMI Lab Blog

The number of companies, which have established dedicated business model innovation units and processes is even lower. It can be defined as a holistic view of a company's bundle of products and services that are of value to the customer (Osterwalder 2004). The object of innovation 2.

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Typology for Innovative Organizations

Open Innovation EU

To my opinion, Mintzberg’s work was a refreshing change to the world of organization design that until then has been largely influenced by Taylor’s Scientific Management Approach and Henry Ford’s efficiency-based adaptation of that. Let me show you how the focus of organization design has changed over the years: Scholar.

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Great to Good Innovation

IdeaSpies

I’m going to talk about how, in the 21st Century, we need ‘Goodness’ more than ‘Greatness’ when it comes to innovation. If I asked you to name some innovations of the 20th Century, which ones would you think of? Obviously, all names listed are ‘innovators’ of their time. Yes, you read it right. The question is “Why?”.

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Great to Good Innovation

IdeaSpies

If I asked you to name some innovations of the 20th Century, which ones would you think of? So, I typed ‘Innovations of the 20th Century’ , and the results I got are 1) Nuclear Power 2) Personal Computer 3) Airplane 4) Automobile 5) Antibiotics 6) Television, etc. Obviously, all names listed are ‘innovators’ of their time.

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Business model creation and innovation in China: not just copycats.

The BMI Lab Blog

In a previous post, we described the Chinese innovation ecosystem: a rapidly growing environment, where the role of the Chinese government is crucial to enable the needed conditions for companies to thrive and innovate. What are Chinese innovators trying to solve? How do Chinese innovators work?

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

Qmarkets

This can work in a variety of ways, but in simple terms the individual ‘sources’ ideas from a large ‘crowd’ of individuals, with the hope of discovering an innovative groundbreaking solution that might not have been considered otherwise. In the end the issue was solved not through innovation, but persistence and determination.