Thinking About the Future Leads To Startups and Innovation
We get this question a lot – why do you focus on these three things on your blog? Well, if you ask me, innovation is all about attempting to predict the future – looking at the market, at trends, both mega and micro, and coming up with high level scenarios to determine the state of the world, the market and the company itself in that future. We look at startups because typically they have a lot to teach these enterprises: speed of development, innovative ideas, new technologies, etc. – we look at these startups not only as possible acquisition targets (although personally I prefer innovating from within, I understand a balanced innovation program of both internal innovation and external innovation – or even tapping into open innovation, is probably the best solution) we also look at their business models to determine if any of it can be applied within the organization. For example, are there places within the organization which could be better served with a more of a Lean Startup model, or some of its elements? Would we be able to bring more innovation into a specific process by introducing more of an agile methodology into the process?