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From Products to Services: How Medellín, Colombia is Overcoming the Commodity Trap

From Products to Services: How Medellín, Colombia is Overcoming the Commodity Trap

By • on March 25, 2011

I was just reminded of the importance of thinking of a product business as a service.  I am just returning from an event in Medellín, Colombia, along with Ken Morse and Carter Williams, formerly from MIT and Boeing, respectively.  There, the three of us discussed innovation, with the goal of helping Medellín transcend its ugly past with the

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Everything You Need to Know About Open Innovation

Everything You Need to Know About Open Innovation

By • on March 21, 2011

Open innovation is a concept I originated that falls directly in that gap between business  and academe.  Conceptually, it is a more distributed, more participatory, more decentralized approach to innovation, based on the observed fact that useful knowledge today is widely distributed, and no company,

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The Future of How We Consume Things

The Future of How We Consume Things

By • on February 23, 2011

We often look at innovation in terms of the new products and technologies that come to market. We don’t often think about how we consume these new offerings. But that’s what is far more important. Our lives are shaped by how we interact with the “things” or “stuff”

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How the U.S. Can Win the Innovation Game

How the U.S. Can Win the Innovation Game

By • on January 31, 2011

Reminding us of earlier eras when threats from Japan and Russia forced us to raise our innovation game, President Obama eloquently articulated the imperative for our country to once again meet the challenge of international competition by rededicating ourselves to innovation in his recent State of

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For American Growth, Learning to Innovate in a Service Economy

For American Growth, Learning to Innovate in a Service Economy

By • on January 25, 2011

The U.S. economy desperately needs to create more jobs. Payrolls were up 103,000 jobs in December, according to the U.S. Department of Labor. These numbers provide some encouragement that job growth may be returning to the U.S. economy. Not surprisingly, most of these new jobs were in services.

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Open Services Innovation in the Music Industry

Open Services Innovation in the Music Industry

By • on December 28, 2010

In the Dec. 17, 2010 Wall Street Journal article “The New Rock-Star Paradigm,” the lead singer of OK Go describes how to make it without a record label. This article shows how the vertically integrated model of the record label is breaking down, and giving way to a more distributed model

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