Wednesday, October 2, 2013

Change the way of Thinking


Not all innovations can grow out of even the best existing systems. When you try to grow a revolutionary new idea, within a system, stock holders and vested interests move in to close ranks to protect their own power bases. A Star Trek Enterprise expedition is a good analogy to develop this disruptive innovation. Imagine that the old company, planet earth is about to disintegrate. You put your best warriors and key elements of your culture into a ship which takes off into space to put down roots on a ‘safe planet’. When an existing company is in the declining phase of its product life cycle, sustaining innovation may cut losses, but a fresh new area may be the key to sustained profits. The discovery of Christopher Columbus was the result of such an expedition, far away from the home base. A new company speeding in as a garage start up, could be in the right place to replace the ailing white elephant. So when the company is doing well, why not set up a few garage start-ups, starships, a few gambles and experiments? These should be small and multiple. They should have support from the top, perhaps a direct reporting relationship with the CEO.

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