One of my previous financial industry innovation proposals, the "FinTech Supermarket," was about the possibility of an open selection of the best fintech partners. In other words, a client offering the best financial package of financial services under one roof.
Most plans offered today to counter and combat this group focus exclusively on military or geopolitical solutions. While important, these plans lack a key understanding of the branding, digital marketing and start-up mentality that facilitated the spread of ISIS's influence across the globe.
The framers of the U.S. Constitution were not wrong. Patents did serve an important purpose during the days when technological advances happened over decades or centuries. In today's era of exponentially advancing technologies, however, patents have become the greatest inhibitor to innovation and are holding the United States back.
Environmental innovations are much more than nice; they are also fiscally sound practices that add value and provide a tremendous boost to the bottom line. And eventually, they have a domino effect
When launching a firm that pursues disruptive innovation, it's best that you authentically deliver your promised benefits to society while anticipating and assessing how and where the disrupted will attempt to fight back so that you can respond in a strategic manner.
Today, with more mobile phones than people on Earth, any savvy foreign policy recognizes the power of this small device to do good or evil in the world. Gone are the days when rebels and reformers fought only using guns and physical bombs; this portable machine is as important as any as weapon.
Recently, I participated on a panel for the Council of Alumni Association Executives in Scottsdale, Arizona. A highlight during the event was a presentation by Kai Kight who identifies himself as an innovator, speaker, violinist, and entrepreneur.
If so, here are 10 actions you can take to dislodge your organization from its conventional thinking rut.
When Jeff Bezos - the founder of Amazon - started offering books to the public over the Internet, he could have decided to partner with Barnes & Noble or Borders and become their online distributor.
The Uber / Lyft / Sidecar battle seems to be an increasingly prevalent theme where startups are focused more on fighting each other than responding to countermoves from traditional players. With statistics showing that the San Francisco taxi industry is steadily collapsing, it is no wonder that Uber is more focused on retaining market share against other startup competitors.
The impact of technology on law is moving forward with all the subtlety of a charging rhinoceros, transforming traditional practice and spawning new forms of "legal service" delivery. Surprisingly, many expect that the swirling events will just enhance the existing system, leaving it essentially intact, but with certain processes improved.
Being an innovator, a disrupter, within your area of expertise, knowledge or ideation is not just about that a-ha moment. It's about capitalizing on it. It's about realizing the value of what you hold in your head or your hands and making it all happen.
Clearly there are some health care startups that will meaningfully improve health care. But there is justifiable concern that too many are focused on the wrong patients and wrong problems using technology with limited applicability.
Today we stand on the shoulders of giants in a rapidly changing world. In order to gain the competitive edge needed to stay relevant, it is imperative that businesses seek to disrupt their own business model before the competition does.
Women entrepreneurs are biologically hardwired to harness time, and tend to care about the communal impact they have on others. That's why we choose our tools wisely, such as the use of social media, which has already changed the world.
"Innovations are part of a larger movement toward a culture of health, a day when ideal cardiovascular health is the norm. Yet the real answer is people -- helping them live longer and better. Life is why."