Category: strategy
-
Who really invented the light bulb? On collaborative innovation, and the stories we tell
Ask anyone who invented the light bulb and most people would probably say Thomas Edison. And yet, whilst Edison patented the first commercially successful bulb in 1879, the invention was (like many innovations) a cumulative and widely collaborative affair. Several innovators paved the way for the modern electric light bulb including Alessandro Volta, Humphrey Davy,…
-
NASA, the Space Shuttle Challenger and Decision-making
There’s a renowned fictional case study (originated by Jack Brittain and Sim Sitkin) which is used in business schools to help students understand the risks around poorly informed decision-making. The scenario that students are given is to imagine that they are John Carter, the founder of a car racing team. The team is coming up…
-
Breaking out of optimisation
I wrote a post last month on understanding technological-driven change and innovation through the lens of optimisation and transformation. Both can deliver significant benefits but they are fundamentally different approaches. Optimisation involves first order change. It relates to adaptations within the current system or structure that are designed to improve. It tends back to homeostasis…
-
Techno-admin and surplus value
A while back over on LinkedIn James Caig wrote a post talking about modern digital services and how ‘technology and automation has led to more customers of those products and services doing more of the work involved in delivering them’. James linked to an article by John Lanchester on Marx’s theory of surplus value, which might…
-
The Apps-Infrastructure Cycle
Thanks to Ian Leslie for pointing at this post on the myth of the infrastructure phase in the development of technology (worth reading his ten useful concepts post which mentions it). In the post Dani Grant and Nick Grossman argue that when new technologies emerge we tend to believe that we build out the infrastructure…
-
What the Bar Code tells us about innovation
The bar code has become a completely ubiquitous technology (there are more than 6 billion bar codes scanned every day) and yet it very nearly didn’t happen at all. When it did happen it could so easily have been completely different than how it ended up. I’m a sucker for a good invention tale so…
-
Navigating change – Technology S-curves
As Charlie Ebdy has adeptly pointed out chasing shiny new trends too early can easily result in wasted resources and time. The timing and speed with which new technologies find genuine use cases, and genuine scale and maturity can be notoriously difficult to predict (and some never take off at all). So making smart decisions…
-
Making decisions with imperfect information
Thanks to Antony Mayfield for sharing these book notes which Ron Kohavi made about Annie Duke’s book (and also her Maven course) ‘Thinking in Bets: Making Smarter Decisions When you don’t Have All the Facts’. The notes led me down all kinds of rabbit holes so I’m going to unpick one or two of them…
-
Subtraction as a strategy
In a culture of accumulation, the value of taking things away is often overlooked. As I listened to this short Atlantic podcast featuring Professor Leidy KlotzI from University of Virginia (author of Subtract: The Untapped Science of Less) I was reminded of a couple of things about the challenge of subtraction. Firstly, when it comes…
-
Strategy on a page
I once worked with a client to create a one page summary of their transformation strategy. We had a name for the strategy, a defined mission and a vision, some associated values, a customer promise, key goals, time gates and measures. The risk with this approach of-course is that it becomes overly reductive and misses…