Listened to Prof. U.S on the companies that are doing well in the 2000s in Japan.
The successful companies in Japan are relatively unknown, but they have gone through radical change over the years, and she found commonalities between the companies: the 7Ps.
All the companies had gone through some sort of Choose & Focus.
Does choosing and focusing inhibit innovation?
It appears to me that choosing and focusing is useful AFTER the innovation's strategy has been laid out for a particular idea/technology. Until then, choosing and focusing will prevent the formation of breadth of different ideas. Diversity gives the chance for information to create something meaningful, but at the same time, it increases the permutations of the combinations of the ideas, so it will also prevent new innovation to form, as you need to select the one that works well. That could be thought as the dilemma of innovation(I just made up), whether to want so many ideas to choose from or to be limited to several different areas of field.
Then...is there a golden mean??
No ideas will not create innovation. And, it doesn't cost anything.
An infinite number of ideas will have infinite number of combinations, where the "cost" of finding the ultimate innovation via combination would also be infinite.
What would an optimum number of ideas be??
The successful companies in Japan are relatively unknown, but they have gone through radical change over the years, and she found commonalities between the companies: the 7Ps.
All the companies had gone through some sort of Choose & Focus.
Does choosing and focusing inhibit innovation?
It appears to me that choosing and focusing is useful AFTER the innovation's strategy has been laid out for a particular idea/technology. Until then, choosing and focusing will prevent the formation of breadth of different ideas. Diversity gives the chance for information to create something meaningful, but at the same time, it increases the permutations of the combinations of the ideas, so it will also prevent new innovation to form, as you need to select the one that works well. That could be thought as the dilemma of innovation(I just made up), whether to want so many ideas to choose from or to be limited to several different areas of field.
Then...is there a golden mean??
No ideas will not create innovation. And, it doesn't cost anything.
An infinite number of ideas will have infinite number of combinations, where the "cost" of finding the ultimate innovation via combination would also be infinite.
What would an optimum number of ideas be??
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