Managing Innovation is about Managing Change

 

Innovation is about change. Companies that successfully innovate in a repeatable fashion have one thing in common – they are good at managing change. Now, change comes from many sources, but when it comes to innovation, the main sources are incremental innovation and disruptive innovation.
The small changes from incremental innovation often come from the realm of implementation, so the organization, customers, and other stakeholders can generally adapt. However, the large changes generated by disruptive innovation, often come from the imagination, and so these leaps forward for the business often disrupt not only the market but the internal workings of the organization as well – they also require a lot of explanation.

Blogging Innovation: Managing Innovation is about Managing Change – Latest innovation articles, videos, and insights

And if only 1% of those people … I’ll be rich.

 

And if only 1% of those people… | Derek Sivers

Podcast – Angel and Venture Financing for Technology Professionals with Rachael Qualls

 

Via ASP.NET Podcast : ASP.NET Podcast Show #141 – Angel and Venture Financing for Technology Professionals with Rachael Qualls

Don Dodge on The Next Big Thing: Why do Fast Followers often beat the First Mover innovators?

 

Before exploring the reasons for success or failure lets review a list of innovation leaders and fast followers.

• AltaVista -> Google
• Napster -> iTunes
• VisiCalc -> Lotus 123 -> Excel
• Word Perfect -> Word
• Netscape -> Internet Explorer
• Apple Newton -> Palm Pilot -> Blackberry
• IBM PC -> Compaq -> Dell
• Double Click -> Google Ad Sense
• Ofoto -> Flickr
• Compuserve -> AOL -> @Home -> Comcast & Verizon
• Nintendo –> Xbox
• Friendster –> Facebook
• Blackberry –> iPhone

Via Don Dodge on The Next Big Thing: Why do Fast Followers often beat the First Mover innovators?

Using the YouTube APIs to Build Monetizable Applications

 

This document provides guidelines for using the YouTube APIs to build applications that make money. It discusses types of monetization opportunities that are typically associated with several different ways that users interact with online video – video creation, organization, discovery and playback.

Additional suggestions

Users interact with online video in a number of different ways. While developers frequently focus on monetizing pages that play videos, in truth the greatest opportunities for innovation (and making money) lie in other parts of the user experience – creation, organization and discovery.

The YouTube APIs let you incorporate many different types of YouTube functionality into your own website or application. However, while you could use the API to clone YouTube on your site, you won’t create much value in doing so. To create a highly monetizable application, we recommend that you try to think of new, creative ways that people could interact with online videos.

For more goto Using the YouTube APIs to Build Monetizable Applications – YouTube APIs and Tools – Google Code

Generation Y entrepreneurs

Generation Y entrepreneurs have a few advantages here: They’re seen as tech-savvy, enthusiastic risk takers with fresh perspectives. But they also tend to lack money, credit histories and managerial experience.

Some pointers if you’re under 30 and starting a business:

Ask for advice. You may know your "great idea" inside and out, but you might not know as much about writing a business plan, incorporating a company, or managing employees. Reach out to more established business owners by tapping your college-alumni network or finding a support group such as Score, a group of about 11,000 volunteer business executives who counsel entrepreneurs in person or online at Score.org.

"I think the first challenge that I had was wondering where to start," says Joel Erb, who started a Web design company at age 15 and has since expanded it to offer new-media marketing and communications services. Mr. Erb, now 25, taught himself computer coding but learned how to incorporate, finance and expand his company, named INM United, from his mentors.

Be realistic on funding. Finding capital for a start-up today is difficult regardless of your age, but you might be set back further by a weak credit history and lack of business experience. To show that you’re serious, write a business plan and have a prototype before you approach a bank or investor.

When Miles Lasater founded a financial-services firm tailored to colleges with two fellow undergraduates at Yale University, they set measurable goals for growth and followed up with possible investors after achieving their aims.

"We were able to show how we progressed," says the 31-year-old Mr. Lasater, who was 22 when he started Higher One, which streamlines the transfer of money between financial-aid offices and students for more than 210 colleges. "So we raised money from people later who said no the first time."

Not having a lot of money at first could actually be good, as "it forces you to be frugal," says Donna Fenn, the author of a coming book about young entrepreneurs and a contributing editor at Inc. magazine.

More @ -  A Business of Your Own – WSJ.com

Social Networks 1% rule or The Community Pyramid

 

What is the social network 1% rule? Generally in a group of 100 people online, one will create content, 10 will “interact” with it (commenting or adding to it) and the other 89 will just view it. But, everyone benefits from the activities of the whole group.

Via Don Dodge on The Next Big Thing: Social Networks 1% rule or The Community Pyramid