When dealing with innovation, a constant issue is being able to get out of the product mindset. As most decision-makers come from a marketing, financial, or engineering background, the default mode is thinking of price, product, promotion, etc. Something doesn't sell? Lower the price! Still not working? Promote more aggressively!
When I started to travel and regularly work in Shanghai back then, many things were surprising in how technology was developed and incorporated into everyday life. Many things that would later make China a tech super-power were junky at best. But they were there, burgeoning from duct tape, exposed wires,
A recent article from Horace Dediu (analyst extraordinaire) caught my eye recently. It crunched the numbers on what is the enterprise value of automotive companies worldwide in terms of 25 new entrants (<20 years old) and 31 incumbents, as reported by the OICA (International Organization of Motor Vehicle Manufacturers). The enterprise value is an interesting indicator as it is the company's market capitalization minus cash plus debt. As a sector that relies heavily on debt financing, it's a bet
Leapfrog innovation is at the center of our practice; I thought it'd be nice to explain why. To my knowledge, the term leapfrogging was first coined in 1983 in an article in the European Economic Review called Preemption, Leapfrogging, and Competition in Patent Races and later reused by economist extraordinaire
Vilfredo Federico Damaso PARETO (1848 - 1923) was probably one of the last humanists. With a life bridging the XIXth and the XXth century, he contributed to a vast array of fields ranging from engineering to philosophy, sociology, and, of course, economics. If he's well-known for discussing power law distributions
Launched 2 years ago, Disney+ 152 million subscribers are now creeping up on Netflix's 223 subscribers. And while it would an endless debate to compare both streaming services' features, catalog content, brand value, or pricing, let's say that from now on, the future of Netflix is anything but guaranteed. Not
In March 1998, Neil Postman shared five key ideas about technological change with Denver University students. One of the key messages was that technology is always a trade-off, bringing something new and taking something else away simultaneously. You can read his wonderfully prescient talk and dive into the perspective he
In 2016, Clayton Christensen (father of the Innovator's Dilemma and professor extraordinaire at Harvard Business School) discovered that products didn't have intrinsic value and formatted the "job to be done" principle. In his own words: For me, this is a neat idea. When we buy a product, we essentially ‘hire’