Archive for April 4th, 2009
Innovator dilemmas: can you be bullish in a bear market? (5)
“Turbulent times offer an opportunity to the most nimble businesses to get ahead. Decision-makers must act without delay. Drawing inspiration from successful leaders becomes critical. London Business School, the Daily Telegraph and Google are partnering to provide unique bite-sized insights contributed by some of the UK’s leading organizations.”
Watch “Survival of the Fastest” on Youtube.
In the past few months I blogged a bit about whether it makes sense for innovators to “be bullish in a bear market.” Noting that most innovators are change agents and risk takers and that risk is now at a record high, one would think that a wealth of new opportunities happen to be presenting themselves. If that’s so, then the question is how to go over uncovering them.
It turns out that Microsoft, Hewlett Packard, Texas Instruments, United Technologies, Polaroid and many other innovative enterprises were launched during economic recessions. The Economist’s recent report on entrepreneurship points out that now “even cash-strapped innovators can reach markets that were once the prerogative of giant organizations.”
In the following three clips, Liam Halligan, Chief Economist at Prosperity Capital, will remind you that necessity is the mother of invention, Pr Dominic Houlder emphasizes that overlooked needs and even suppressed frustrations happen to be a fertile ground to begin with. Last but not least, Pr Rajesh Chandy’s research findings point to the fact that innovation is more likely to flourish in firms where the rewards for success are substantially higher than the penalties for failure.
J. de Francisco. Lake Geneva, IL. April 4.
