Random innovation facts


There has never been so many bad products which need replacement: gasoline cars, virgin plastics, soft drinks, processed food. Our children will live in a very different world. Very soon these products will have to be replaced. Question is when and by whom, and how will this affect your company. As you are reading this trillions of EUR are invested in replacing them, and millions of people are working on it.

Selling is a necessary step of innovation. If products are not sold, innovation does not happen. But selling is not the best way to grow. Best way to grow is by co-innovating with other companies, preferably bigger ones with access to markets your company can not access. Finding innovation partners is the first step of innovation.

Many established companies are just renting their marketing & sales to innovators because today innovation is not something which can be easily managed. The best strategy is simply to be as open as possible and attract the best innovators and offer them marketing & sales power.

There is an enormous amount of innovation that is not delivering value to customers but only to shareholders. For example, how to make employees more happy at jobs which are by default not happy jobs, or how to sell the same products over and over again without innovating it. Paradoxically choosing shareholders over customers creates loss for both shareholders and customers, and still managers chose it.

Our generations have the least belief that future will be different because brands have marketed to us when we were kids, convincing us we will always drinks Coca Cola, eat at McDonalds, drive gasoline cars, wear the same clothes. All previous generations saw dramatic changes in the world around them and actively participated in those changes. Our generations are passive consumers who see the future as a slightly polished up present.

Be an innovator at www.openinnovation.me.

Written by: Nikola Tosic
Publishing date: 15 Sep 2021