3 ingredients for innovation

Matt Might [http://matt.might.net/] talks about the 3 qualities people need to complete a Ph.D. successfully. He lists:
  1. perseverance, meaning the steady persistence in a course of action, a purpose, a state, etc., especially in spite of difficulties, obstacles, ordiscouragement.
  2. tenacit, meaning holding together; cohesive; not easily pulled asunder; tough.
  3. cogency, meaning the quality or state of being convincing or persuasive
He summarizes it very well in a beautiful and insightful set of pictures.

Now please replace his references to Ph.D. to innovation.
Interesting, right?

Innovation needs the same three agreements. You need to continue despite difficulties, be tough, and be convincing. There will be obstacles. boundaries, limitations, and other forms of set backs. But what did you expect; you are pushing the existing limits.

Take a look at the pictures again. 
And think innovation.

PS. Thanks @bobrietveld for the link to Matt's blog. 

If you go for big ideas, sometimes you fail (look at Google)

via TechCrunch by Alexia Tsotsis on 8/18/10

Here’s some infographic perspective on the eve of Facebook’s copycat Facebook Places launch, which has some ringing the death knell for location based startups Foursquare and Gowalla.

A stroll through the Google graveyard is a lesson in how rarely it works out when successful companies stop focusing on their core competency to go after the little guys. Between Wave, Jaiku, and Foursquare precursor Dodgeball, Google’s a repeat offender in the “failing to kill the next big thing” department.

With the launch of today’s check-in utility, it seems like the Facebook product team might be following in the search giant’s startup-crushing footsteps. After all, when was the last time you asked a Facebook Question?

Image: Wordstream



What Is Customer Opinion Good For?

via HBS Working Knowledge on 8/5/10

Published:August 5, 2010
Author:Jim Heskett

Is it my imagination, or is marketing research and interest in customer views on anything of importance on the wane? The thought was triggered by Steve Jobs' initial response to reports that customers were having trouble with the antennae on Apple's iPhone 4, its latest "superproduct." It was reported that he commented that iPhone 4 users would have to learn not to hold the phone by its lower left-hand corner, precisely the way many of us seem to grasp it naturally. Remember, this is a company that has been described by a number of its chroniclers, rightly or wrongly, as being somewhat averse to the use of marketing research as opposed to following the dreams and preferences of its product developers. Apple is perhaps the latest incarnation of SONY, which is said to have avoided such research in favor of its designers' opinions in coming up with products such as the Walkman. Apparently, the thinking is: Who needs customers' opinions or reactions when you can come with ideas and products like these?

It prompted me to go back to a very popular book of five years ago, Blue Ocean Strategy, to check my recollection of what the authors had to say about the role of the customer in fashioning a strategy that would enable an enterprise to escape from red, blood-strewn, competitive waters and fashion a course into the open, blue waters of market dominance, mainly through the design of new businesses and products before the competition might get to them. They wrote, "To set a company on a strong, profitable growth trajectory … it won't work to benchmark competitors … Nor is conducting extensive customer research the path to blue oceans [italics mine]. Our research found that customers can scarcely imagine how to create uncontested market space. Their insight also tends toward the familiar 'offer me more for less.' And what customers typically want 'more' of are those product and service features that the industry currently offers."

That brings me to a new book, Different, by Youngme Moon, a member of the marketing faculty at the Harvard Business School. She reacts to the proliferation of products and advertising that are so much alike that they create a blur in consumers' minds. Her call is for methods that will lead to counter-intuitive product development and marketing efforts—products, for example, that provide breakthroughs by offering less for much less or even more for much less, but products that meet needs that most of us can't even imagine. She describes how, by testing various product attributes through marketing research and shoring up the weakest, all competitors' products take on the same characteristics. As she puts it, "Meanwhile, the very instruments that these managers are relying on to establish and reinforce differentiation—competitive metrics, positioning maps, and customer surveys—have devolved into their obverse. They contribute to the herding behavior as opposed to protect against it [italics mine]. It's as if the entire community has been betrayed by the tools of their trade."

I have no particular brief for traditional marketing research. But is there a pattern here? Is it possible that "asking the customer" about anything of strategic importance is on the wane? If so, what are the implications for customers as well as those selling to them? What is customer opinion good for? What do you think?

To read more:

W. Chan Kim and Renée Mauborgne, Blue Ocean Strategy: How to Create Uncontested Market Space and Make the Competition Irrelevant (Boston: Harvard Business School Press, 2005), p. 27.

Youngme Moon, Different: Escaping the Competitive Herd (New York: Crown Business, 2010), pp. 43-44.

Google Changes Its Policy for Advertising Online

Google will change its advertising policy for brands.

The change:

[Big] Brands can no longer appeal to Google if they are unhappy with the ads shown when people search their brands.
For example, if people search for a fancy Philips TV, i.e. Cinema TV, Samsung can advertise, resellers can, anyone can.

The good:

* Less control for brands; more fair chances for everyone to advertise.
* Managing keywords becomes even more of a science [or art].

The bad:

* Prices for advertising on big brands or concept will increase. Google benefits even more.
* Money talks?

Overall.

Advertisers will have to think twice before spending budget on clicks and ads. Good news!

PS. Why should brands need to advertise if people choose to search google for their brand name