Innovation

4 Pathways to Innovation

I was facilitating a group of senior leaders who were tasked with leading the innovation effort in their respective organization and started the facilitation with the simple yet profound question – “How do you define innovation?”. The best answer I’ve so far received to this question is the following: “Innovation is applied problem solving leading to generation of value.” The next question to ask then is the following: “Which problems are worth solving and where do we find them?” This is the first step in the innovation process. If we don’t pick the right problems, no matter how interesting our […]

1000Entrepreneurs, Entrepreneurship, Ideas, Strategy

Personal Data Replaces Cash at this Cafe

Shiru café looks like any other coffee shop. But the similarities end there. If you were to go to the café for some hard earned caffeine, the chances are that you will be refused your caffeine unless you are either a student or a teaching staff at a university. Simply put, no college ID >> No coffee. What’s more, if you are a part of the teaching staff, you can pay for your coffee with cash. However, if you are a student then to get your cup of coffee (or tea), the currency that you need to pay with is […]

Ideas

You cant innovate when,

I read this blog post by Mike Shipulski which resonated really well with me. His post is as below:  You cant innovate when,  Your company believes everything should always go as planned.You still have to do your regular job.The project’s completion date is disrespectful of the work content.Your company doesn’t recognise the difference between complex and complicated.The team is not given the tools, training, time and a teacher.You’re asked to generate 500 ideas but you’re afraid no one will do anything with them.You’re afraid to make a mistake.You’re afraid you’ll be judged negatively.You’re afraid to share unpleasant facts.You’re afraid the […]

1000Entrepreneurs, Ideas, Innovation

Big Data, Automation and Cows Who Decide When they want to be Milked

I came across this interesting read on Quartz.com. The post is about a farm in Iceland where the entire barn is automated. Here are some quotes from the article. When one of their cows wants to be milked, she walks to the center of the barn to one of the three self-milking Lely machines. She enters the machine—a gated, cow-size booth—and first has her teats inspected and cleaned. Next, the robot attaches its equipment to extract her milk while the cow chows down on some cow candy: tasty corn pellets supplemented with various vitamins and minerals. The whole process takes […]

1000Entrepreneurs, Business Model, Entrepreneurship, Strategy

The State of the Gig Economy

We have all at some point in time talked about or heard about the growth of the gig economy and how this could potentially be the future of work. While the number of people participating in the gig economy has been on a growth path, their ability to earn from their gigs alone to support them and their families has not been growing in proportion. JP Morgan Chase Institute recently did a study on the state of the online platform economy. It tried to answer a fundamental question – “Has all the technological and business model innovations that have led […]