Collection of Thought Pieces on Learnings from Three Box Solution: Number 11
Not just ideas
Genius is 1% inspiration, 99% perspiration. Thomas Edison said it nearly a century ago. Few listened. We’ve been a researcher and consultant in the field of innovation for several decades now. I have shelves full of books on the topic. Interestingly, the vast preponderance of these books is only about 1% of the job — the front-end of the innovation process
Stories about the birth of breakthrough ideas can make for juicy reading, and lie at the core of many best-selling business books. A classic, The Innovator’s Dilemma by Clayton Christensen helps readers understand how to recognize ideas that have the potential to disrupt existing markets. More recent popular books also focus on ideas.
Blue Ocean Strategy by Chan Kim and Renee Mauborgne offers a structured approach for identifying ideas for businesses that have little or no direct competition. The Medici Effect by Frans Johansson shows how creative ideas often follow from unusual combinations of experience, cultures, and scientific fields.
What of the back-end? The back-end is about converting ideas to life
Even with a great idea in hand, building a new business
And still, it is hard to get people interested. When I give executive seminars on innovation, I typically spend only one-fourth of our time on the front-end. Yet, that is always the part of my program that generates the most energy. The front-end sizzles with sex appeal. The back-end labors and sweats.
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There is an innovation mythology at work here. The magical moment in the innovation myth is always the light-bulb moment. It is that sudden “Eureka!” when our hero, usually brilliant but underappreciated, suddenly sees a new possibility. Subscribers to the innovation myth idolize the idea person.
The boss, clever enough to transform the idea into a profitable business, is given no more respect than the kicker who trots onto the field for the perfunctory point-after-touchdown. No doubt that Apple has some extraordinarily creative idea folks. They have designed extraordinary new products. But could it be that there is just a tad more to that story?
And consider the woeful tales of ideas born within companies that stumble and watch a rival copy the idea and succeed. How do you react? With respect for the managers at the rival? If so, you are unusual. The more common perspective is that the innovator is a tragic hero cheated of a just reward, the innovating company is a bumbling fool, and the rival is the evil opportunist. People naturally laud inspiration; condescend to perspiration.
Don’t get me wrong. It is as obvious to me as it is to you that an innovation journey never gets started without a compelling vision. But in any great innovation story, the idea is only Chapter One. Yes, ideas are crucial.
Yes, brainstorming is fun
Edison also quipped: “Opportunity is missed by most people because it is dressed in coveralls and looks like work.” Our capacity to innovate will rise dramatically when overalls become cutting edge fashion.
Founder & CEO, Global Management Consultancy | Host, #BusinessTalk Podcast | Consultant, BW Businessworld | Editor, Global Technology Review, Global Marketing Review, Global Healthcare Review | Author.
5moThe author’s deep expertise shines through in 'Three BOS Solutions,' offering readers a well-structured roadmap to solve pressing business issues and enhance their competitive edge. Vijay Govindarajan (VG) The Tuck School of Business at Dartmouth
Technology, Law and Strategy | Patent, Invention and Quality | Intellectual Property Lawyer admitted to practice in the Supreme Court of the USA and the USPTO| Honor List of Marquis Who's Who! Best Lawyer List.
5moInsightful, thanks.