Posts Tagged ‘Innovation’

When Cash Cows Cave

In my last post, I noted how Kodak, Motorola, and Xerox delayed introducing new market offerings in order to avoid cannibalizing their existing offerings – film, analog cell phones, and paper copiers.  They wanted to milk their cash cows as long as possible. Now these companies are shadows of their former selves.  Their cash cows […]

Business as Usual

All enterprises face a fundamental tradeoff.  Do you invest in getting better and better at the products and services you already offer?  Or, do you invest in creating innovative new products and services?  The obvious answer would seem to be some mix of both. However, getting the mix right is rather difficult.  This difficulty is […]

Invention and Innovation

Invention is the creation of a new device or process.  Examples include computers, software products, chemical processes, junk foods, and kitchen gadgets.  Innovation is the introduction of change via something new.  Cable television and video rental stores were innovations, as were overnight mail and communication via fax and the Internet.  Each of these innovations took […]