In case no one else has told you, the sky is falling. According to an article in the New York Times today, we’re going to hell in a hand basket, at least for the time being. This puts people like me who work in the innovation field into a bit of a bind. I whole-heartedly support (actually vehemently encourage) employers to consider how and how much each member of a team adds value. I’ve seen too many companies burn money in the street because they’re uncomfortable with asking every team member to articulate how they add value. And companies are worse off for it.
What I do object to is the idea that areas such as innovation, product development, and research are luxuries. Prada shoes are a luxury. Gourmet meals at 5-star restaurants are luxuries. Innovation, product development, and research are a company’s lifeline to the future.
Paull Young from Converseon sent me a blog post yesterday that is so good, I have to pass it on. http://bankervision.typepad.com/bankervision/2008/06/innovation-is-a-luxury.html
In the post, James Gardner, who works in innovation at a UK bank, talks about the five ways that innovators within companies add value. And suggests that if we wants to preserve our place within our companies, we should develop each of these five areas: invention, influence, entrepreneurship, thought leadership, and sponsorship.
The trouble I see is that areas like innovation are viewed purely as a cost – a nice to have if you can get it for $0. Bad idea. Innovation is an investment. Over time, it generates cash flow and does wonders for getting the best and brightest minds to beat down your door to play a part. And with tough times ahead, that talent is the only way a company is going to save itself from going under.
Picture above can be found at: http://www.aqua-aerobic.com/images/aquaology_innovation.jpg
Published by Christa Avampato
IN BRIEF
Author, journalist, digital product manager, and licensed New York City tour guide. Creator and host of NYC's Secrets and Lies. Alumna of the University of Pennsylvania (BA), the Darden School of Business at the University of Virginia (MBA), Arizona State University (Biomimicry), and the University of Cambridge (MSt in Sustainability Leadership).
I build digital media platforms, report on urban climate resilience and biodiversity, and produce live narrative experiences that connect communities to history, nature, and place.
THE DEEP DIVE
My work centers on a single thread: building systems and stories that foster deep connection to our shared world. Across digital streaming, environmental reporting, and live civic storytelling, I design experiences that help people understand complex ideas and the environments around them.
DIGITAL PRODUCT STRATEGY & MEDIA LEADERSHIP
At Carnegie Hall, I serve as Digital Product Manager, leading product strategy, operations, and technical delivery for the video streaming platform Carnegie Hall+. I translate artistic mission into scalable, high-performance streaming architecture that reaches audiences globally. Previously, I led agile product and delivery teams across operations and compliance at American Express, managed Broadway theatrical productions and national tours, and guided strategic initiatives across cultural institutions.
ENVIRONMENTAL JOURNALISM & AUTHORSHIP
As a freelance journalist, I investigate how living systems, urban infrastructure, and human culture intersect. My reported features on urban decarbonization, biodiversity, coastal resilience, and biomimicry appear in publications including Smithsonian Magazine, The Washington Post, Mongabay, Natural History Magazine, and Foreign Policy Magazine. In fiction, I write the Emerson Page young adult novel series, alongside upcoming historical fiction and nonfiction works on New York history, mythology, and human resilience. I also write Togetherhood, a LinkedIn newsletter focused on urban ecology and community restoration, and co-host the podcast Frameworks in the Wild.
LIVE EXPERIENCE & CIVIC STORYTELLING
As a licensed New York City tour guide and live event producer, I transform urban landscapes into shared narrative encounters. I created, produce, and host NYC's Secrets and Lies, an interactive live storytelling series staged across cultural landmarks including the New York Transit Museum, the South Street Seaport Museum, and the historic tall ship Wavertree. I also design and lead site-specific walking tours exploring coastal ecology, food history, and neighborhood evolution, often with partners at Climate Week NYC and the Natural Areas Conservancy.
DOUBLE OR NOTHING MEDIA
Through my independent production studio, Double or Nothing Media, I develop ventures across media, ecology, and public history:
Digital Products & Strategy: Architecting scalable digital platforms, streaming experiences, and operational models for mission-driven institutions.
Environmental Reporting & Publications: Delivering long-form reporting, books, and newsletters grounded in climate resilience and regenerative design.
Site-Specific Live Storytelling: Producing immersive live shows and educational walking tours that engage public audiences in community history.
CONNECT
Website & Production Hub: doubleornothingmedia.com and christaavampato.com
Newsletter: Togetherhood on LinkedIn - linkedin.com/newsletters/togetherhood-7273771832221089792/
Instagram & Threads: @christarosenyc
Emerson Page Novels: emersonpagebook.wordpress.com/
View all posts by Christa Avampato
In case no one else has told you, the sky is falling. According to an article in the New York Times today, we’re going to hell in a hand basket, at least for the time being. This puts people like me who work in the innovation field into a bit of a bind. I whole-heartedly support (actually vehemently encourage) employers to consider how and how much each member of a team adds value. I’ve seen too many companies burn money in the street because they’re uncomfortable with asking every team member to articulate how they add value. And companies are worse off for it.
But there is one major problem with considering innovation to be an investment. You need to justify an investment (in terms of returns or ROI) and in the absence of any accurate measuring process that cannot be done.That’s a good point you mentioned about how a company that focuses on innovation can attract better talent and therefore will be more successful in the long run. In fact we at Mahindra recently started a corporate blog (mahindrauniverse.com) where innovation is one of the main topics of discussion. I would like to get your views on it. How effective do you think this would be in shaping the way not just prospective employees but also our customers perceive the brand?
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Hi Aditya,Thank you very much for reading my blog and leaving this comment. I appreciate you raising the issue of ROI. It is actually possible, and I think preferable to measure and track the ROI of innovation. Here are a few articles that discuss measuring the ROI of innovation efforts. http://www.informationweek.com/blog/main/archives/2007/08/the_roi_of_inno.htmlhttp://www.fiercecio.com/story/the-roi-of-innovation/2007-05-08 I am happy to read mahindrauniverse.com and give some feedback. All best,Christa
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