Jay F. Terwilliger and Mark H. Sebell, managing partners at Creative Realities, Inc., and Vijay Govindarajan use this simple framework to determine the success of an innovative effort. It takes corporate will, a marketplace, and strategic competencies to succeed. In other words, successful innovation requires motive, means, and opportunity. Innovation efforts fail anytime they fail to deliver on all three of these domains strongly enough.

Read the entire post at Harvard Business Review >>

Posted by Vijay Govindarajan at 3:27 PM | Permalink

Harvard Business Review Scott Berinato has prepared a slide show titled "Help Us Build a $300 House".

Businesses interested in helping this project are encouraged to help make the $300 house a reality in the following ways >>

Posted by Vijay Govindarajan at 2:10 PM | Permalink

There are three variables in the innovation equation:

Innovation = ƒ(Strategy + Creativity + Execution)

The need to experiment and fail inexpensively in Execution is where most of the focus is these days. Ironically, the relatively low risk and low cost of experimenting with seemingly dead ideas during Creativity is still one of the keys to lowering the high risk, high cost and high rate of failure in Execution. How many times does someone in your organization say, when a competitor launches a big success, "We thought of that but it died!"

Read the blog entry at Harvard Business Review >>

Posted by Vijay Govindarajan at 2:11 AM | Permalink

Harvard Business Review has produced a short video which explains why I, along with my co-author Christian Sarkar, want to create scalable, affordable housing to replace slums in the emerging world.

Watch >>

Join us at 300House.com.

Posted by Vijay Govindarajan at 1:25 PM | Permalink

The number of automobile owners in India will rise rapidly over the next few years as the middle class continues to grow by leaps and bounds. As that market grows, so will the need for legislation around emissions testing, fuel economy standards, and so on. The new legislation will, in turn, create a need for testing services.

Here's how AVL List GmbH, the world's largest privately owned company specializing in testing and calibration, learned the fundamentals of reverse innovation >>

Posted by Vijay Govindarajan at 4:25 PM | Permalink