Innovation can be a tricky thing. It comes with opportunities but reveals inadequacies, creating a greater gap in the ideal state and the current reality of a situation. Collectively embracing this ideal as a culture is recommended and ultimately necessary in order to achieve a significant leap forward in innovation, but too great a disruption will cost time and money, especially for small t0 medium-sized businesses.
While the photographic community (somewhat guiltily) mourns the end of an era at the news of Eastman Kodak’s Chapter 11 bankruptcy protection filing last January, the media and Kodak’s critics have been quick to denounce the company’s decisions, slow progress and lack of innovation since the debut of the digital camera.
Maybe it’s because I am representative of my narcissistic generation, Gen Y (also known as “Generation Me” or “The Millennials”), but I cannot escape wanting to write about us.
I’ll be co-hosting the next Mountbatten Speaker Series with Sian Williams next week. Join us on January 18 at The CUNY Graduate Center (365 Fifth Avenue) as we welcome three guest panelists from the world of technology.
This month (November 2011) McKinsey & Company released their Sustainability & Resource Productivity Practice report ‘Resource Revolution: Meeting the world’s energy, materials, food and water needs‘. In it, McKinsey stress achievable targets of water, energy and food wastage reduction by 2030, based on today’s market trends and values.
Innovation in technology has sparked some creative thinking around traditional business models and corporate values. In the 20th century consumers were groomed to do just that: consume. Today, connectivity and a greater number of competitors mean the scales are increasingly tipping in favor of consumers: consumers are now doing the grooming.