Since the outbreak of the COVID pandemic of 2020, so much of our day to day lives have changed. Of course, one of the biggest, most impactful changes is that common interactions that used to be face to face or often now done online, via video, or over the phone. Virtually no part of our […]
Innovation
2nd-Order Effects Of Pandemic Create New Business Approaches
The global impact of COVID-19 has so far been unlike anything since at least the second World War. And everything in life has consequences. We’ve already seen the first-order consequences of the pandemic such as the shut-down of international travel, the temporary lockdowns, the social distancing, and the strained supply chains. These consequences have already […]
7 Current Market Forces Bring Startup Opportunities
Startups are the corporations of the future, so I have long believed that entrepreneurs who study existing corporate models, rather than ignoring them with disdain, will likely profit from the exercise. In today’s fast-paced world, that means recognizing early and capitalizing on the changes that are bringing many big companies to their knees, before that […]
What Nursing Homes Will Look Like Post-Pandemic
While 2020 was a terrible year for most everyone involved, few can match the horrible experience that came to nursing homes. In the United States, nursing home residents and staff account for 36% of coronavirus deaths. In certain states, that number is above 50%. That is hundreds of thousands of senior citizens and their caretakers […]
What is Innovation, Really?
As the saying goes – innovate or die. But what impact does innovation have in real life? Sure, it is fine to be creative but does that really make a difference? Research says that our average standard of living has increased substantially since we chose to innovate. An average household owns 1.88 cars, 90% of […]
Don’t Innovate From Want–Do It From Need
Most innovations come from responding to a customer’s needs, or finding a niche where products need improvement or extension. It is rare to innovate using a blank sheet of paper in a room with bare walls and no other contributors. A thought exercise Imagine the room in which several graduate business school student groups have […]
Ready, Fire, Aim. Really?
You’ve surely heard the variations on this theme. “Ready, fire aim” was popular in the 1990’s, accredited to any of several authors. I used the term to describe my efforts in the artificial intelligence field, experimenting with new devices, the lisp programming language, and our first trial installations. It seemed an ideal way to describe […]
Businesses Face Anti-Plastic Sentiment: How to Adapt
We’re beginning to see plastic differently. Thanks to campaigns about environmental issues including marine pollution and climate change, public opinion of single-use plastics is shifting. Over half of consumers now believe plastic to be “harmful”. Every business needs to take note of this, SMEs included. Consumers want to know that what they’re buying is sustainable […]
Embracing the New Normal: How Disruptions Can Lead to Innovation
COVID-19 has changed the way we live, possibly forever. It’s up to us to decide what to do moving forward. When is the least ideal time to buy a car? During a pandemic, when uncertainties abound and social distancing is the norm? I would’ve said yes…before I had to do it myself. Yet when my […]
What’s Your Covid-19 Pivot? We Want to Hear Your Story
As Covid-19 continues its unpredictable roller coaster ride, businesses find they have to re-invent themselves on a regular basis. Each locality, state, or region makes their own quarantine shut-down or reopen schedule and small businesses must adapt, slow down…or fail. So, we’d really like to know how you’re coping. Send your own business tale to […]
