A professor at my business school teaches a new product development class and her first set of advice to her students is, “if you want to create a new product, think about what gives you pain in your life. And then find a way to solve it.” Chances are if it’s causing you pain, it’s causing others pain, too. The ladies who invented Zakkerz did just that.
Category: innovation
Where to place our efforts
While in business school, I participated in the Innovation Challenge – a program that asks teams of business school students all over the world to solves a set of business challenges put forward by a handful of sponsor organizations. This year I was invited to be a judge in the competition and just completed the first round of judging.
Arizona
I’m in Arizona for the ATM, Debit, and Prepaid Conference. Please contain your excitement. There is actually some good information on offer. It’s just packaged up by boring people in boring conference rooms. I’ve been a bit spoiled by innovation conferences like GEL where there are rooms full of fascinating characters. Weird, but fascinating, which is exactly just the right kind of fascinating for me.
One Thing We Don’t Want to Change
Thomas Friedman wrote a brilliant article in the Times last week about innovation in the U.S. At the moment, we are the most innovative country in the world, though that is changing. Quickly. And though there are a lot of people in the press these days talking about change, few are talking about innovation, much less the need to foster that effort in our people. And it needs to be addressed, head on. Now.
Change for Notice
I had dinner with my friends Chas and Amanda over the weekend and we got into a discussion about the importance of change. On Friday I needed to stop by the post office in midtown and it would be best for me to take the ACE to Times Square. I couldn’t recall where I’d seen the ACE sign though I know I see it everyday when I got off at the subway stop at work. Turns out it’s actually the same stop that houses the 23 (my line) and the ACE. Everyday I look at that sign and couldn’t recall the ACE symbols. Chas was telling me that at his former job they would change the colors of important signs around the office so people wouldn’t get numb to seeing them the way I did with the subway.
Exchange: Honda for Granny
Recently I was visiting my friend Moya in Washington, DC. One of her roommates was running out to the store and taking the Granny cart with her. One of those rickety metal bin type things with wheels that look like they are about to fall off at any moment. Clunky, and too expensive if you ask me, but they get the job done when one if car-less with arms full of stuff.
Innovation is an investment, not a cost, not a luxury
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
Bulbstorm.com – a meeting space for innovators
You have a great idea for a product, or a service, or a business model, and you need some honest, credible feedback. And that doesn’t mean calling Aunt Sally or your best friend or chatting about it with your neighbor. They know you’re brilliant and innovative and achieve everything you set your mind to. But you have this nagging suspicion that you need to get advice from people who don’t know a thing about you, and self-identify as innovators. Your prayer to the innovation spirits has been answered and its name is http://www.bulbstorm.com.
Though still in beta, I suggest signing up to be kept up-to-date on its progress, and to possibly score a place in the beta test. Because everything is so well documented on Bulbstorm, with witnesses, your idea will not be stolen, and the service will connect you to investors and customers who are interested in working with you, along with fellow innovators who can give you feedback and inspiration.
We’ve entered what I believe historians will regard as the Age of Design. And you might as well take your rightful place among the ranks of those who are advancing our society forward with creative thinking. I look forward to interacting with you on Bulbstorm, and sharing ideas!
GEL2008 – making time for special moments
There are a pile of posts just waiting to be written about my experience at the GEL conference. They will be coming shortly. There are a few points that I think are worth making in a separate post.
I have never been to this type of conference – it’s not focused on a particular industry, but a particular aspect of every industry. Good (G) Experience (E) Live (L). From the first female film maker in the UAE to the Chief Innovation Officer at the Cleveland Clinic to a Brew Master, this conference was filled with speakers and participants that are all interested in making time for and creating special moments for employees, for customers, and inspiring others by reaching out and sharing the stories. This is particularly interesting to me because of my early career in theatre, which was very much focused on experience and taking people out of their element by sharing a story with them.
The first day of GEL2008 was filled with different activities to choose from – I chose the game of Werewolf and a trip to a farmstead cheese farm in NJ. And then Day 2 had a slate of speakers, most of whom I had never heard of. I walked away inspired and energized. I felt like the creativity of the world was buzzing all around me. It was empowering, and made me believe that there is no end to the extent of the work and impact that impassioned people can have.
Posts to come on the speakers…stay tuned.
GEL Conference 2008 – Let the game begin!
Tomorrow I head to my first innovation conference – the GEL conference. I’ll spend the day learning to play Werewolf, visiting a cheese farm, and then partying on behalf of Google with some of the best and brightest innovation minds in the country. We all have one common goal: to generate ideas that inspire and produce the best possible user experiences within our respective companies.
Then Friday, I will head to Times Square to hear from a mixture of artists, scientists, and business executives about their own creative endeavors. What could be better? – oh, yes, it’s all happening just a few block away from my apartment, the weather is supposed to be summer-like, and my boss paid for it. I love it when it a plan comes together!
Check back here over the next few days for updates on what I’m learning and who I’m meeting.
