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Blog Entries in September 2013

Innovation Isn’t Just About New Products

The innovation mindset isn’t just about product innovation. Some organizations have focused on product innovation for so long they don’t know how to innovate in any other areas. For example, in 2010, Microsoft —one of the world’s best product innovators for the last two decades — launched a social phone called Kin. The product was a complete disaster. Within six weeks of the launch, the...
Posted by: Vijay Govindarajan - 09/26/2013 at 08:48 am

Recognize Intrapreneurs Before They Leave

Any CEO can tell you that finding ideas is not the always the problem. The real issue is selecting and spreading the best ideas, testing quickly, and executing flawlessly. An “innovation engine” is an organization’s capability to think and invest in long-term opportunities along with the competence to drive continuous innovations for top-line growth each year. To build your innovation engine, your...
Posted by: Vijay Govindarajan - 09/20/2013 at 12:35 pm

The Right Innovation Mindset Can Take You from Idea to Impact

Thomas Edison said it over a century ago: “Genius is 1 percent inspiration, 99 percent perspiration.” Unfortunately, when companies launch innovation initiatives, they tend to devote most of their time, energy and attention to that initial 1% – the thrilling hunt for the breakthrough idea. The real innovation challenge, however, lies beyond the idea, in a long, hard journey from idea to impact....
Posted by: Vijay Govindarajan - 09/19/2013 at 09:06 am

Should Higher Education Be Free?

In the United States, our higher education system is broken. Since 1980, we've seen a 400% increase in the cost of higher education, after adjustment for inflation — a higher cost escalation than any other industry, even health care. We have recently passed the trillion dollar mark in student loan debt in the United States. How long can a business model succeed that forces students to accumulate $200,000 or...
Posted by: Vijay Govindarajan - 09/05/2013 at 01:13 pm