Many incumbents fall prey or victim to not developing new technologies which could result in new firms knocking out the incumbent market leaders. The incumbents create blockades to embracing new technology because it tends to violate core capabilities, it shifts the current paradigm, and lacks incentives. Incumbent market leaders need to review customer preferences to indentify possible disruptive situations.
This whole disruptive technologies reminds me of our strategy course and our discussion of “Blue Oceans.” By adopting new technologies, incumbents move themselves from the “Red Ocean” into a Blue Ocean position. For further information, see the encapsulated version at http://www.blueoceanstrategy.com/
Friday, March 14, 2008
Uses of Innovation
Innovation comes from sheer mass of users/customers tapping into the collective knowledge; the outstanding issue is what to do with that knowledge and how to apply it. There are four aspects to tap into that innovation: active or passive; negative or positive. This 4x4 grid is most beneficial when active and positive are combined; this is typically only seen when it’s a business to business environment.
Hardware costs and software costs no longer the money makers; consulting, training, programming/customization, certification and business solutions are the new source. Open Source is allowing for free use of tools which created a new market.
Results as a fundamental shift of rethinking of the process:
Fast development
High quality of work product
Size and scale
Free resource
Hardware costs and software costs no longer the money makers; consulting, training, programming/customization, certification and business solutions are the new source. Open Source is allowing for free use of tools which created a new market.
Results as a fundamental shift of rethinking of the process:
Fast development
High quality of work product
Size and scale
Free resource
Collective Intelligence
The success of collective is the diversity of opinion – it is critically important to bring one’s own opinion even if it’s eccentric. The process of offering independent opinions, a decentralization of sources, and then the aggregation of the information makes for a successful collection of information. Eventually, over time it takes away the noise for the clear signal to come out.
An interesting side note is that experts are not as good as the collective because of the tendency to discard good information and ideas.
An interesting side note is that experts are not as good as the collective because of the tendency to discard good information and ideas.
Thursday, March 13, 2008
Clinton or Obama?
My predictive modeling is all about who's going to win the Democratic nomination. To track activities, I've added a constantly streaming update of news articles on either Clinton or Obama and added that news feed to my site. Please check the updates frequently for the latest information.
And, in case there was a question about who I support, I also added a link to my favourite candidate.
And, in case there was a question about who I support, I also added a link to my favourite candidate.
Knowledge Management and Socrates
The way in which knowledge is developed and shared is something new online, but the format seems old. A cycle with active participants captures light knowledge rather than deep understanding; however it turns conversations and dialogue into knowledge development. The tools used for this are a growth from data mining, and now uses tools such as google-docs and knowledge centres like Wikipedia.
It seems like a very Socratic method of learning and gaining knowledge: asking questions, developing answers, and therefore cultivating knowledge. It is like a liberal arts education where people learn a little about a lot – perfect for cocktail party conversations.
It seems like a very Socratic method of learning and gaining knowledge: asking questions, developing answers, and therefore cultivating knowledge. It is like a liberal arts education where people learn a little about a lot – perfect for cocktail party conversations.
What does Paul do?
For more information about my company, Saint Consulting, and our company blog, check out the links to the right.
Word of the Day
Knowledge Graveyard
This is a term I've never heard, but it's a fantastic way to describe the process of how a "graveyard" is created when documents stop growing and changing; constant contributions keep documents alive. This live action also keeps knowledge growing.
This is a term I've never heard, but it's a fantastic way to describe the process of how a "graveyard" is created when documents stop growing and changing; constant contributions keep documents alive. This live action also keeps knowledge growing.
Thank you Kurt!
Kurt helped me today (Monday) to navigate the creation of this site. His site is a good model to see how good blogs are created: www.advancedrenewablesolutions.com
Online Postings: Privacy Concerns
Posting information to online tools seems an effective tool for sharing information, but I’m still a little tentative about who can get their hands on it. Do I really want to be sharing my personal thoughts and information with the world?
These advances are necessary to understand because it is a cultural change and trends indicate this is the way people will communicate in the future. But, why would I want to learn how to download things to my mobile phone? Because that’s how business will be conducted in the near future. It would be like refusing to learn how to use a personal computer 20 years ago – I would be at a distinct competitive disadvantage if I couldn’t use a computer, access email on my mobile phone, run spreadsheets, etc.
Even if I never master the skill sets to establish an effective blog, to teach usage of google docs, or to lead our company into new technological arenas, it is important for me to know how to use those tools and understand how people use them in business.
Best discovery of the day is Google docs -- which is a terrific solution to “shared” documents. It eliminates sending the “Final” version back and forth 5 times before reaching the actual “Final v.5” document. It would reduce the number of times we clog our email server with enormous files being swapped for editing purposes. I’m wondering how secure it is, and whether or not there are ways to block clients from seeing drafts before the document is finalized.
These advances are necessary to understand because it is a cultural change and trends indicate this is the way people will communicate in the future. But, why would I want to learn how to download things to my mobile phone? Because that’s how business will be conducted in the near future. It would be like refusing to learn how to use a personal computer 20 years ago – I would be at a distinct competitive disadvantage if I couldn’t use a computer, access email on my mobile phone, run spreadsheets, etc.
Even if I never master the skill sets to establish an effective blog, to teach usage of google docs, or to lead our company into new technological arenas, it is important for me to know how to use those tools and understand how people use them in business.
Best discovery of the day is Google docs -- which is a terrific solution to “shared” documents. It eliminates sending the “Final” version back and forth 5 times before reaching the actual “Final v.5” document. It would reduce the number of times we clog our email server with enormous files being swapped for editing purposes. I’m wondering how secure it is, and whether or not there are ways to block clients from seeing drafts before the document is finalized.
What is this Technology Innovation?
My thoughts on our first session:
What is this whole technology innovation about? New toys? Use of technology to increase efficiency? Or, a whole bunch of useless tools to be applied in a manufacturing that I’ll never use? This reminds me of how someone would feel when PC’s were introduced and they rejected the notion as something silly. Now, those people have been left behind if they haven’t learned how to use current technology. I’m feeling a bit like the one rejecting the PC’s by not embracing blogs, online research, and other technological tools.
I’m looking forward to seeing how YouTube can be used as a learning tool and how blogs are created and used.
The Price is Right exercise is a good example of predictive models and the impact of predictions on our thought process. Although, the prediction market model seems like an academic study in gambling.
My president needs to be in this course, he’s the tech junky – I’ll have to ask him if he knows of the Asus Eee.
What is this whole technology innovation about? New toys? Use of technology to increase efficiency? Or, a whole bunch of useless tools to be applied in a manufacturing that I’ll never use? This reminds me of how someone would feel when PC’s were introduced and they rejected the notion as something silly. Now, those people have been left behind if they haven’t learned how to use current technology. I’m feeling a bit like the one rejecting the PC’s by not embracing blogs, online research, and other technological tools.
I’m looking forward to seeing how YouTube can be used as a learning tool and how blogs are created and used.
The Price is Right exercise is a good example of predictive models and the impact of predictions on our thought process. Although, the prediction market model seems like an academic study in gambling.
My president needs to be in this course, he’s the tech junky – I’ll have to ask him if he knows of the Asus Eee.
Wednesday, March 12, 2008
Performance Utilization and the "Tipping Point"
The graph depicting Performance Customers Can Utilize is the same as the underlying assumption of Malcom Gladwell's book on marketing "Tipping Point." For a summary, check out the wikipedia summary: http://en.wikipedia.org/wiki/The_Tipping_Point_(book)
Wednesday, March 5, 2008
My First Post
Welcome to my blog sharing my thoughts on our exciting GEMBA Technology Innovation course.
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