Gas Guzzlers Top Selling Cars

2008 saw the $4 gallon of gasoline and the start of the current recession. Although car sales are down from last year, millions of vehicles were still sold. What car do you think was most popular? A hybrid? A fuel efficient car? An ultra-inexpensive car?  A reliable import? Interestingly, the two most popular cars were […]

Servicize a Product

I am sunning myself with my family in Florida right now, hence the shortage of blog entries. We have been busy every day, so today has been my first day to relax and think. And no surprise, I have been thinking about innovation. The balcony of my timeshare overlooks the water with boats (the picture […]

Making Your Products/Services Affordable and Accessible

One of my last blog entries discussed the need to create affordable and accessible solutions to stay competitive. Given globalization, cheap labor, and a damaged economy, this makes more sense than ever. Here are three starter questions to ask to help you generate new ideas: How can you productize a service? One way to make […]

The Innovator’s Dilemma and the US Economy

Clayton Christensen, in his book The Innovator’s Dilemma, discusses how disruptive technologies will kill incumbent technologies. Basically it is about how the crappy and cheap will eventually take over the sophisticated and expensive. The well-worn example is in the computing world.  The PC (which until recently cost thousands of dollars) killed the dominance of the […]

What Innovators Can Learn From Vegas Card Counters

Which will help your business be more successful: statistics or probability? Underwriters at insurance companies use statistics to assess future risks. This is based on years of collected data. Probability is what card counters in Vegas use to increase their odds of success. This is based on real-time, real-life experience. If you want to play […]