Download - Vermont Innovation At The Verge
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Innovation
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The importance of Innovation
“For centuries people assumed economic growth resulted from the interplay between capital and labor. Today we know that these elements are outweighed by a single critical factor: innovation.
“Innovation is the source of US economic leadership and the foundation for our competitiveness in the global economy.” Bill Gates
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Innovation & the Marketplace
Importance of innovation in world economy New jobs New wealth Progress The great leveler Larger marketplace
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The Economist magazine
“Innovation is now recognized as the single most important ingredient in any modern economy”
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Definitions of Innovation
“New products, business processes, and organic changes that create wealth or social welfare.” OECD
“Fresh thinking that creates value.” Richard Lyons, Goldman Sachs
A new idea successfully implemented in the marketplace.
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Where to Look for Innovations
21st Century will be different than 20th Century
Mark of the 20th century: single, separate innovations
New territory for discovery
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Puzzle #1
The Titan 1000,Six Axis, 1000kg manufacturing robot built by Kuka
New applications?
Copyright Kuka Robotics Group
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Robocoaster!
Copyright Kuka Robotics Group
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Puzzle #2
Gift wrapping paper + Paper bag= ?
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Puzzle #2
Gift Bags!
The Lacey Paper Company
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Innovation at the Verge
Both are the results of “Innovation at the Verge”
Both created new categories
Both are exemplars of 21st century innovation
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The “Verge”
Where something and something different meet.
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“Most of the big ideas of the 21st century will be
combinations of single ideas from the 20th”
Jerry Allan, architect and professor
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Question:
Where, in an ecosystem, is the most logical place for highest rates of breakthrough innovation?
Where the competition is strongest? Where the competition is weakest?
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Old Answer
Where the competition is fiercest—the center of the system…”survival of the fittest.”
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New Answer
Also at the edge…at the vergebetween ecosystems…
where something and something different meet.
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Why?
Novel stimuli New opportunities Safer to
experiment Fewer competitors Failure in secret
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Nature’s Innovations at the Verge
Fish
out
of
water
Copyright University of California, Berkley
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Nature’s Innovationsat the Verge
Creaturestaking flight
Howard D. Sirak animalworldspecialimages.com
Copyright Big Stock Photo
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Nature’s Innovationsat the Verge
Returning
to the sea
Copyright Big Stock Photo
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Does it work for us?
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Robocoaster Review
Kuka Robotics Group
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Prius
Toyota Motor Sales America, Inc
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MDI Compressed Air Car
Moteur Developpment International
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Finding a “Disease”
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Copyright 2008, Joel A. Barker. All Rights Reserved
Leadership SolutionsCompanies
Debbe Kennedy Consultant
+
Sally Green
Graphic Artist
=
monopoly advantage
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Verge Graph
My T
errito
ry
High Competition
Oth
er T
errito
ry
Low Competition
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Vergent Territory—Fed Ex
My T
errito
ry
High Competition
Oth
er T
errito
ry
Low Competition
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“Partners Over there”--iPod
My T
errito
ry
High Competition
Oth
er T
errito
ry
Low Competition
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“Over and Back” --Prius
Low Competition
Oth
er T
errito
ry
High Competition
My T
errito
ry
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“Enhancing at the Verge”--software
Low Competition
Oth
er T
errito
ry
High Competition
My T
errito
ry
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USC Inkjet Housing
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A “Printed” wall
http://www.cbsnews.com/stories/2007/02/16/business/realestate/main2487598.shtml
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Programmable Clothing
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Spider Silk and Goats
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Finding S 1 Verges Exercise
List five of your greatest strengths
Ask yourself, who in a totally different industry could you form a verge relationship with?
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Copyright 2008, Joel A. Barker. All Rights Reserved
V Team Structure
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Super Verges
Platforms that offers many partnerships opportunities from many directions
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The Big Four
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The Big Four
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The Big four
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The Big four
Copyright, GCIS
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Dubai Verge
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Daniel Boorstin
“The Fertile Verge”
Saw America as the most “vergent” nation in the history of the world.
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Family Companies
You, as leaders, must find innovative ways to educate, to run your companies
Your largest opportunities will be at the Verge.
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At the intersection of differences lies the
opportunity for innovation.
JB