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The Problem With Idea Competitions

Innovation success is, to a great extent, driven by having value propositions that resonate with customers and business models that are scalable and profitable. However, having cool breakthrough ideas is an important ingredient of the innovation process. To drive transformative innovation, you need to have people that can think outside the box of the existing […]

Value Propositions And Business Models Matter More Than Technology

In November 2015, Sony finally announced that it would stop selling Betamax video cassettes. By this time, its battle for dominance with the rival VHS format from rival JVC was already lost. The story of the rivalry between Betamax and JVC, and how JVC eventually won, is an example of how it takes more than […]