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When Innovation is a Moving Target

Mon, 03/21/2016 - 16:41 -- KevinMcFarthing

When I was growing up in the UK of the 1970s, there was a TV game show called The Golden Shot. The final part involved a member of the audience guiding a blindfolded cameraman to line the crossbow sights up to the bullseye. “Left a bit, right a bit, up, down a bit – FIRE”. If they were lucky, the bolt would hit the middle of the target and they would win a prize.

Innovation should always have a target.....

Big or Small - Which is Best for Innovation?

Thu, 12/10/2015 - 15:40 -- KevinMcFarthing

Recently I went to the Financial Times’ FTInnovate conference in London. The conference theme was “Big vs small: which one is better?” The conference chair freely admitted that the intention was to provoke debate, not to have a fundamentalist binary position with only one right answer. And there was a lot of good discussion and debate.

Design the Right Open Innovation Project

Thu, 10/01/2015 - 11:54 -- KevinMcFarthing

Open Innovation is now widely recognized as a way to enhance options for innovation by accessing external assets. However it can mean many things to many people; from running a crowdsourced idea scheme like Lego Ideas or MyStarbucksIdea, through to large co-branded initiatives like Senseo.

In the middle of this spectrum lie Open Innovation joint development projects. Put simply, these are projects where two or more companies work together to launch a product or service, usually exploited in the market place by one of the partners. But these can take many forms.

What Innovation Can Learn From Science

Wed, 08/26/2015 - 10:51 -- KevinMcFarthing

In a recent conversation, I remarked that I used to be a scientist.  Thinking about it afterwards, I realised that was wrong.  A more accurate description was that I used to practice as a scientist, first with basic science, then the discovery and development of science-based products.  But I am still a scientist, in other words I take a scientific approach to many aspects of my work; I think like a scientist.

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