Wednesday, April 11, 2012

Companies that are terrible at innovation

Tim Kastelle, on his blog, dissects the types of innovation based on an Innovation Matrix that measures companies based on Innovation Commitment and Innovation Competence.

He argues some companies don't need to innovate, i.e.:

  • well-established firms in stable industries
  • monopolies and oligopolies
  • some startups
  • established firms that have forgotten how to innovate

  • I like his reference to Schumpeter regarding innovation in startups:

    "..all new firms are founded on an innovation, but there are two groups that don’t: startups in bubbles and startups in trouble."

    Click here to read the full article.

    No comments:

    Post a Comment