Posts Tagged ‘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…
Read More7 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…
Read MoreWhat 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…
Read MoreWhat 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…
Read MoreDon’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…
Read MoreReady, 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…
Read MoreBusinesses 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…
Read MoreEmbracing 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…
Read MoreWhat’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…
Read MoreNecessity is the Mother Of Invention for Epidemic Innovation
Despite the catastrophic effects of epidemics that have occurred throughout history, they lead to the creation of some of the most ground-breaking and revolutionary discoveries, inventions, and famous poems and scientific theories. In the mid-1300s when the Black Death hit Europe, it was estimated to have killed from 30% all the way up to 60%…
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