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Experiment, Experiment, Experiment

Destination Innovation

Many companies do this. Thomas Edison famously carried out ten of thousands of experiments. But if you want a truly innovative organisation then you have to release and empower your people to try new things as and when they see fit. It is what I call Line of Sight Innovation. Most CEOs get this.

Agile 359
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Planned Obsolescence: How companies are deliberately making their products worse

Idea to Value

It turns out that in order to keep consumers buying products year after year, some companies are actually deliberately reducing the quality of their products. In some especially nefarious situations, these companies may be updating their products through software even after you bought them, in order to make the performance worse.

Company 277
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We could all benefit from more failures

Idea to Value

Yet for a company to succeed, it needs to grow. After all, as Thomas Edison allegedly once said while trying to develop a new type of storage battery: “I have not failed. And this requires it trying things which may bring large rewards, but also which may not work. From a CEO perspective, this makes sense.

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The innovation and collaboration strawman

Jeffrey Phillips

When they were sent home, the argument was that it did not matter where people worked and the company could save money by downsizing buildings. Edison did not leave this to chance. After all, they've been sent to work from home, returned to the office and then sent back to work from home several times. All before Covid struck.

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Innovation Day

eZassi

It recognizes new inventions and inspires innovators in honor of the anniversary of the birth of Thomas Alva Edison, one of America’s most famous and prolific inventors. This date provides a niche for American tech companies to carve their own narrative around innovation.

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What is the prosperity paradox? A refresher on the key to ending poverty. 

Christensen Institute

In targeting nonconsumers, MCIs aren’t limited to an existing customer base and can, therefore, build companies and countries. Samuel Insull’s establishment of Chicago Edison enabled the widespread adoption of electricity through its carefully constructed distribution system and innovative business model. And there is proof.

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Exploring and Exploiting for Innovation (part 2)

Jeffrey Phillips

Skipping ahead through history If we fast forward from Columbus to say Edison or Alexander Graham Bell, we can see that the explorers were still relatively few, eccentric outsiders who were scientists or people bent on geographic or scientific discovery. A huge shift is underway and many companies have ignored the warning signals.