Late entry to fascinating discussion. There is a long held Harvard or MIT principle that suggests that to be successful in a market, to introduce an innovation or invention, you need only be 10% new. I like that.
10% new puts some sort of boundary around what you need to do, and not everything needs a fundamental redevelopment. Seek = 10% new. Google (10 years ago on day 1) = probably only 10% new (index the web and use an authority algorithm from academic papers) 3M Post-its = 10% new (really bad glue on paper) There are probably more examples....suggestions? John http://www.innovationisindustrypolicy.com http://www.linkedin.com/in/johnhaining On Sep 10, 5:17 pm, "Stephen Price" <[EMAIL PROTECTED]> wrote: > lol > There's such a thing as holding back too long. > This serves as a warning for those waiting for the right moment. There is no > right moment, there's only now. Get in action! What are you waiting for? > > Stephen (still wondering how he missed that bit of vital info...) > > On Wed, Sep 10, 2008 at 12:09 PM, Wayne Meissner <[EMAIL PROTECTED]>wrote: > > > > > 2008/9/10 Stephen Price <[EMAIL PROTECTED]>: > > > > Anita Roddick is exercising her "in action" muscles. Her next big venture > > > might be her original idea that she's been holding back on? > > > If she's able to innovate from where she is right now, then there is > > hope for us all :) > > (http://en.wikipedia.org/wiki/Anita_Roddick) > > > Ideas on their own are worthless. Personally, I prefer a well > > executed non-original idea that provides value to consumers over the > > alternative - nothing. For someone to copy an idea and profit, then > > it means the originator of the idea is executing sub-optimally, or > > else there would be no value to be captured. > > > Business is not a charity, and the most efficient way of providing > > value to the market should win the day. > > > Many of the famous entrepreneurs (e.g. Richard Branson) lifted some of > > their ideas from other geographic markets and executed them - quite > > often better than the originator - in their local markets. > > > Humans have been copying and adapting others ideas for the last 5 > > million years, why stop now? --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Silicon Beach Australia" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/silicon-beach-australia?hl=en -~----------~----~----~----~------~----~------~--~---
