The idea behind incremental innovation is simple: instead of thinking up and executing against audacious new ideas that are risky, you make small incremental changes to existing products and services.
The word ‘innovation’ has received somewhat of a bad reputation in recent years, due to a combination of factors, including overuse of the term and unrealistic expectations about what it can achieve.
Though the business world glorifies big disruptive ideas, in reality, most progress is achieved by implementing hundreds or thousands of minor improvements that can have a big cumulative impact.
Manufacturing CEOs want breakthrough ideas and innovations that will enable their companies to create differentiated market positions. But conventional ideas and organizational approaches to ...
The pharmaceutical industry is widely criticized for wasteful spending on duplicative research to develop “me too” drugs, and focusing their efforts on “evergreening” patents. Those who argue that ...
As innovators mature they realize that innovation for its own sake is less important than creating a portfolio of innovation outcomes. The biggest challenge many face in this regard is the balance ...
It’s no secret that construction has tended to lag other industries in terms of productivity enhancements and improvements, especially where technology adoption is involved. But this is changing and ...
In 2010, I declared the death of incremental innovation and wrote the obituary. It didn't seem a very bold statement at the time--increasing payer pressure was beginning to bite, and it seemed obvious ...
There's a great line from the exceptionally addicting television series Breaking Bad where drug kingpin Gus Fring explains why he humbly runs a fast food chicken restaurant and even donates to police ...