Saturday, July 28, 2012

Georgia Needs a Revolution

I should clarify the Republic of Georgia needs several revolutions related to innovation to build its economy.

Currently Georgia is focusing all of its attention on tourism. There is a challenge here, the only tourism that Georgia has to offer is small niche tourism. One of the current initiatives is to develop their tourism related to wine. This is perfectly fine but will not generate the revenue required to rejuvenate or invigorate Georgia's economy.  Although it is a great starting point for building the local economies. 

Monday, July 23, 2012

Challenges Facing S-Curve Analysis

S-Curve analysis is an incredible tool for determining which strategy a company should use when developing new products or determining which types of innovation are required to make your products competitive. Although in a changing world the S-Curve is facing new challenges that it lacks the capabilities to accommodate.

Tuesday, July 10, 2012

Finding Balance between Profit and Geopolitical Social Responsibility

Generally speaking western organizations are geared towards one main goal and that happens to be making profit regardless the cost. This shareholder driven lust for profit can have a significant and detrimental impact on the world at large and on the organization itself. This leads us to an important question, is there another way? Could companies maintain good profit while at the same time focusing on sustainability and social responsibility? Do organizations need to chase profits recklessly and often at the expense of the people that they are supposed to be serving? In my opinion this is not the only way; this is a very narrow minded and short sighted means of conducting business that inevitably leads to unsustainability.

When we think of social responsibility we think of tangible aspects that we can see and touch. Ones that have visible results and are geared at maintaining better brand images aimed at sustainability. One great example of this is organizations making a dedicated effort to go green or become eco-friendly. After all when an organization reduces it greenhouse gas emissions it is highly visible and can be shown to the public. 

Monday, July 2, 2012

The Importance of Communication in Innovation

Fear of Change
Innovation is synonymous with change. Needless to say, change for most people is something terrifying and much harder to accept than the status-quo. Since in the end innovation is basically change you must expect the result to be fear and resistance is inevitable.

One of the leading causes of failure in any change process is the lack or vagueness in regard to communicating change. When people are kept in the dark it leads to an even greater fear related to change, the fear of the unknown.

When it comes to innovation this is particularly true due to some of the functions that your change such as innovation of internal processes, business models, or organizational restructuring. In these situations people could perceive threats where the are none. In these situations you must communicate every aspect of the change in detail and show the benefits of this change to the employees.