Amidst Widespread Disruption, Innovation Keeps Businesses Alive
This is a common refrain: businesses today that employ strategies of staticity fall behind. Those that innovate leap forward. But if the refrain is as common as we suppose, why do so many companies allow themselves to ignore innovation?
BBC News business reporter Matthew Wall recently penned an article that began with a list:
"Woolworths, Polaroid, Alta Vista, Kodak, Blockbuster, Borders..."
What do those companies all have in common? First, they're all more or less dead (though Blockbusters in Alaska are still going strong). Second, the reason they're all more or less dead is because they failed to take necessary risks and invest in innovation to keep them relevant in the age of digital disruption. This is a time, more than perhaps any other, where big businesses are more at risk (not to mention have more to lose) than the uppity startups nipping at their heels.
This is a common refrain: businesses today that employ strategies of staticity fall behind. Those that innovate leap forward.
While stability was once what companies aimed for, success in today's climate is only made possible by adapting to or, better, controlling the shifting trends of markets and technology.
Take a look at Wall's article at BBC News for more on the subject.
For more on innovation as a whole, check out this clip from futurist Lisa Bodell's Big Think interview:
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The Oxfam report prompted Anand Giridharadas to tweet: "Don't be Pinkered into everything's-getting-better complacency."
- A new report by Oxfam argues that wealth inequality is causing poverty and misery around the world.
- In the last year, the world's billionaires saw their wealth increase by 12%, while the poorest 3.8 billion people on the planet lost 11% of their wealth.
- The report prompted Anand Giridharadas to tweet: "Don't be Pinkered into everything's-getting-better complacency." We explain what Steven Pinker's got to do with it.
Moans, groans, and gripes release stress hormones in the brain.
Could you give up complaining for a whole month? That's the crux of this interesting piece by Jessica Hullinger over at Fast Company. Hullinger explores the reasons why humans are so predisposed to griping and why, despite these predispositions, we should all try to complain less. As for no complaining for a month, that was the goal for people enrolled in the Complaint Restraint project.
Participants sought to go the entirety of February without so much as a moan, groan, or bellyache.
- Facebook and Google began as companies with supposedly noble purposes.
- Creating a more connected world and indexing the world's information: what could be better than that?
- But pressure to return value to shareholders came at the expense of their own users.
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