From From The Wright Brothers To Israel Eight Thoughts On Innovation

January, 2017

Innovation Ecosystem Cred

Innovation

“I guess the truth is that we were just plain dumb”Dan Kumler

City EditorDayton Daily News

#1

Human’s have not evolved to know what breakthrough innovation is, even when it is staring them right

in the face

#2

You can’t crowd source innovation

Amazon’s Share Price ‘97-’99

Amazon’s Share Price ‘97-’01

Amazon’s Share Price ‘97-’17

Humans Struggle With The Timing & The Impact of Innovation

“We tend to over estimate the impact of major technological

breakthroughs in the short run and underestimate the impact in the long

run”Roy Amara

President Institute For The FutureStanford Research Institute

#3 - Amara’s Law

Idealab At 20 – More than 100 Co’s

#4

Innovation is very dependent on timing, luck

and serendipity

The Good News

VS.

Source: TEDx, April 2015

Corporations Know They Need To Change

Incremental Innovation

Innovation Is Happening At Scale

#5

Most corporations weren’t formed to

innovate. They need help.

Innovation As A Core Mission

Pixar Maxims

• Why are only 4 of their 16 movies sequels– “To avoid becoming creatively bankrupt, we have to do things that

are high risk”

• Why are 100% of their movies are over budget– “The biggest reason it costs more than you think is that along the

way, you realize something you didn’t know when you started.”

• Why spend $’s making the shorts– “Well, we are sending signals. It is a signal to our employees that

we’re doing something for which we don’t get any money. “

Maxim Creep

#6

At Truly Innovative Companies, Innovation Is At

The Core Of How The Business

Defines Itself

#7

Success In the 3rd Wave Will Entail More

Partnerships, Policy, and ….. Bullshit

Facebook Revenues V. Projections

#8

Engagement = $$$

You’re either growing engagement (and therefor users and revenue)

or you’re DYING

Machine Learning / AI

Voice Is The New Browser

Facebook’s DOMINATES Engagement