Outgrow your problem

“Impossible is something that people try to reason to themselves in order for the status quo to remain the same" by la papillion

In this case, if we apply it to a company

“Impossible is something that company try to reason to itself in order for the profitability/growth to remain the same if not declining"

For example, OLAM, OLAM was a middleman all along, until one day the founder found that it is increasingly under competition in the sense that more and more growers/planters bypassed them and went directly to the buyers. It then launched an ambitious project to go upstream and the rest is history.

a successful AEI, or beginning of a trend

What does

The Tube in Malaysia

Oxley Biz Hub in Singapore

or a small industrial building floor in Red Hill has in common?

They all have in mind for a young and hip generation SOHO style office.

Read more about the AEI by Mapletree Industrial Trust here (page 15)

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_50AB8AA4A20F0E8F4825787E00467006/$file/4QFY2010_Results_Presentation_Slides.pdf?openelement

Cognitive surplus

 

Lots of start-ups are fighting to become the next Wikipedia(for fee version that is). If the theory that I read in a book is true(whereby more people are willing to help for free rather than for a low fee), none of them will achieve a very significant mass comparable to Wikipedia. But, if they focus on a specialized subsection of cognitive surplus combined with a modified B2C business model ala Quirky(www.quirky.com), they may well laugh all the way to the banks.

Quality of innovation

as described by Prof Desai

= extent of pain suffered by customers(the higher the pain the larger the value)

+number of potential customers

+life of the innovation

+difficulty in assembling a solution as well as difficulty in copying likely innovation opportunities

 

Misc

-when there is a pain, there is a need

-not every creative is an innovation

-pain point

-some innovation are only meant for specific market/industry

-FIGURE OUT how to APPLY TECHNOLOGY in ANOTHER AREA – technology for one purpose can be used/transported for another purpose

-how to go from functional(coffee shop, cafe) to emotional(Starbucks, Old Town White Coffee)

lifestyle economy – e.g. emotion(refer to above)

The THIRD PLACE – home, work, starbucks

A Produce Innovation’s lifepath

Special –> Enterprise –> Departmental –>Personal –> Mobile –>Pocket

For example from Giant Machine to Ipad

Video –> World’s first flying car

http://kidstube.com/play.php?vid=7870

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