Here we highlight selected innovation related articles from around the world on a daily basis. These articles related to innovation and funding for innovative companies, and best practices for innovation based economic development.
Opportunist, enabler, advocate and producer are the four models of corporate entrepreneurship that Robert C. Wolcott and Michael J. Lippitz discuss in ‘Grow from Within’ (www.tatamcgrawhill.com).
Mapping the models on two dimensions, viz. organisational ownership (ranging from diffused to focussed) and resource authority (ad hoc to dedicated), the authors find that all companies begin as opportunists.
“Without any designated organisational ownership or resources, corporate entrepreneurship proceeds (if at all) based on the efforts and serendipity of intrepid ‘project champions’ – people who toil against the odds, often creating new businesses in spite of the corporation.”
Worst decade: The Republican Party, from Karl Rove's pronouncement of a "permanent majority" to total collapse and minority status.
Worst performance of the year: The Democratic Party, who after securing the White House and a Democratic majority have been so brazenly arrogant and politically incompetent as to have allowed a conservative comeback one year after people thought, said and wrote that conservatism was dead.
Biggest winner of 2009: Sarah Palin. No man could have bailed on his governorship to find himself in national news continually, with supporters growing daily, while orchestrating it all from a Facebook page, and putting so much fear into the DNC that they put out an oppo memo on her, even though she's not running for anything (until 2012, that is).
Over the past couple years I have written several stories with “frog soup” as a main theme. The idea of being in cold water, and not recognizing the degree by degree increase of heat in the water, till at some point we are cooked, is the danger of being a cold-blooded animal. Business may follow a similar course.
In business we can follow the route of “this is the way we’ve always done it, and it works, so there is no reason to change our processes or strategies.” Innovations like virtualization or cloud computing hit the headlines, and many say “it is a cool idea, but we want the security and hands-on confidence of running our own servers and applications.”
How would you feel about a physician who killed more patients than he helped? What about a police detective who committed more murders than he solved? Or a teacher whose students were more likely to get dumber than smarter as the school year progressed? And what if you discovered that these perverse outcomes were more the rule than the exception—that they were characteristic of most doctors, policemen and professors? You’d be more than perplexed. You’d be incensed, outraged. You’d demand that something must be done!
Given this, why are we complacent when confronted with data that suggest most managers are more likely to douse the flames of employee enthusiasm than fan them, and are more likely to frustrate extraordinary accomplishment than to foster it?
Cutting deep into the inner reaches of the atom to see what matter is really made of. It sounds like science fiction, or perhaps a physicist’s dream, but in December, one giant step was taken toward accomplishing just that, as the Large Hadron Collider kicked into action.
It was just one of the stories that made 2009 a dynamic year in science and technology.
Large Hadron Collider
With technical problems resolved, the Large Hadron Collider, or LHC, sent proton beams whizzing through a 27-kilometer-long circular tunnel under the French-Swiss border, colliding them at a record 2.36 trillion electron volts. After this crucial early success, the stage is set for the discovery of mysterious subatomic particles – and perhaps some of the keys to the universe itself.
Lets end the year with a technology puzzle.
To get started,click on a word and the moment you do that, timer starts. Once you finish the puzzle, you will be prompted to enter your name/site url along with the finishing time (well, that’s system generated).
Top 10 timings, along with the names will be displayed on the page.
[Editor's Note: Puzzle is available on the original page.]
In late 2007, during the early months of his faculty position at Mount Sinai School of Medicine in New York City, Benjamin tenOever faced a wrinkle in his research plans. Experienced in looking at how cells respond to viruses, he'd set his sights on microRNA and how these small molecular segments that tweak protein expression might help cells fight off infection. After months of work, the project looked like it might be a dead end: They had found that microRNAs are produced as a virus infects a cell, but those sequences didn't make a difference in how a cell responded to its invader.
The end of the year is a great time. Not only do you have the holidays, the cheer, and good friends and family close by, you also have the perfect start date for everything. Let me provide some examples and you tell me when it sounds familiar.
When are you going to rewrite your site content? After the first of the year!
When are you going to try out social media? After the first of the year!
Documenting the Decade
Readers submitted photos and their recollections of important moments from the last 10 years, documenting events including the Sept. 11 attacks, the space shuttle Columbia disaster, the war in Iraq, the Asian tsunami, Hurrican Katrina, the 2004 and 2008 elections and the recession.
[Editor's Note: This article is a pictorial piece documenting the last 10 years.]
The creation by entrepreneurs of a destination for tech companies in Rajasthan's Thar Desert shows it's time to rethink regional development planning
For government officials and planning consultants looking to create regional economic growth and drive innovation, industry clusters are the Holy Grail. Popularized by Harvard professor Michael Porter in the early 1990s, cluster theory holds that a government or economic development body can create a viable hub of economic activity in a specific industrial sector by bringing in businesses, suppliers, researchers, and additional related people or entities. In other words, a focused governmental effort can create something from nothing, turning, for example, a fallow field into a tech park bursting with highly competitive, innovative companies. Governments all over the world have invested millions—sometimes billions—of dollars to attract industries they consider strategic.
A proposal that will make it easier for foreign entrepreneurs in the US to start the next Google or Yahoo will be debated in the new year.
Congressman Jared Polis has proposed a start-up visa to entice "foreigners with good ideas" to stay in the US.
The issue has been gathering steam in Silicon Valley where half of all tech company founders are immigrants, according to Duke University research.
I [Jeffrey Phillips] read with great interest the post by Grant McCracken that addresses the "brief" moment in the sun for creative types. Grant's concern is that crowdsourcing will allow corporations to source design skills, ideas and other creative concepts from the internet, rather than turning to creative design organizations. In this, he is probably right. There's a growing awareness that there are good ideas "out there" if we can only tap them. You need look no further than Dell's IdeaStorm or BestBuy's Idea Exchange for proof. Currently you can create a campaign or contest to design a new logo. Chuck Frey's new logo at Innovation Tools was designed in a contest, and he allowed many of his readers to vote on the designs they liked best. What I'm having a hard time with is that the concerns McCracken raises are misplaced in my opinion.
Yes, there are thousands of creative types working in their homes and hundreds of thousands of people who have good ideas for Dell, and for BestBuy. And who could provide ideas to firms that really need them, like General Motors, or the Federal Government. But I digress. All we've done with crowdsourcing is leverage the internet to capture the ideas these individuals have always had. The internet has simply provided a marketplace for us to exchange our skills with willing buyers, whether those skills are design skills, or ideation skills, or photography skills in the case of Flickr and other photography sites. While this is happening, this doesn't portend the end of creative design firms or innovation teams in businesses. Here's why.