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“…we’re realizing that the industrial revolution is fading. The 80 year long run that brought ever-increasing productivity (and along with it, well-paying jobs for an ever-expanding middle class) is ending,” writes Seth Godin in a provocative post, perhaps fittingly on this weekend symbolizing rebirth for one of the world’s major religions.

Only problem is his use of the word “ending” – the industrial run, as a driver of economic growth, actually ended a decade or so ago Read the rest of this entry »

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Innovation = invention + commercialization.

A couple of years ago, when my friend and colleague Chris Gammill and I were working on creating and then driving IBM‘s brand strategy, we narrowed in on innovation as one of not only IBM’s critical attributes, but also one of the US’s as well, as participants in the National Innovation Initiative that Sam Palmisano sponsored for the Council on Competitiveness.

One of our struggles was why IBM, which perennially leads the world in number of patents, was not seen as an innovator in our brand research, of which we had very, very detailed data. We researched and attended conferences and interviewed experts and debated incessantly, until we finally arrived at this formula. When we realized what we had, I called up the EVP for technology, Nick Donofrio, and said I needed to see him – his frustration with brand data was legendary. Read the rest of this entry »

I continue to be fascinated by Carlota Perez’ work on Technological Revolutions and Financial Capital. Briefly, she identifies 50 or so year periods of great economic advancement, followed by a bust which then creates the conditions for a period of steady growth and prosperity; each period goes through five phases: Read the rest of this entry »

The reference post was really fun to write, and it generated a HUGE response.  It was a treat to read all the comments from various forums – a very sincere thanks to everyone who contributed! Here are some extracts that I found really compelling – I want to share these verbatim while I structure my thinking on what I think they mean – apologies for the length, but this is worth reading to the end:

More than one challenged my sanity, e.g.: Read the rest of this entry »

I think I first became intrigued by the potential of innovation as a Peace Corps volunteer in one of the most resource-deprived countries in the world. I saw, surprisingly, an incredibly inventive people: Read the rest of this entry »

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