Too Much Innovation And No Profits
from the the-innovators-dilemma dept
Here’s a theory. What if the world has too much innovation going on right now? Companies can’t keep up with the innovation, and customers can’t keep up either. Any company that does innovate faces almost immediate competition, and thus can’t charge anything extra for their innovation. It’s “innovation glut”. I think this is a little far fetched. I tend to think a lot of the “innovations” that are discussed are creative, but not great innovations. I consider a great innovation one that gives a company a real competitive advantage. These are still possible, but people don’t seem to spend as much time thinking through business models for innovations.