Commercializing Inventiveness™

RE:INVENTION inc - As Seen in...

EVERYDAY INVENTIVENESS™

 

Pollyannas, Progress, and Google’s Larry Page


Thursday, May 16th, 2013 5:34 pm | by Kirsten Osolind

“Being negative is not how we make progress.” – Google’s Larry Page, Google I/O Conference, 5/15/13

Yesterday, Facebook friend Dave Morin (brainy CEO of Path), posted a quote from Larry Page’s May 15th Google I/O 2013 presentation. Larry Page’s quote: “Being negative is not how we make progress.”

No disrespect to Larry Page (he’s a smart guy), but that’s myth disproved by mountains of scientific research. Being negative can actually be healthy (both personally and professionally) and propel progress. Martin Seligman’s University of Pennsylvania research found that optimism can prevent people from seeing reality with necessary clarity and foster complacency. A University of Waterloo study found that negative thinking can improve your finances. University of Chicago research found that negative feedback inspired experienced professionals to strive harder than positive feedback. A European study of 40,000 people found that being overly optimistic was associated with a higher risk of disability and death.

Illustrious innovator and inventor Thomas Edison agreed.

“Discontent is the first necessity of progress.” – Thomas Edison

“Negative results are just what I want. They’re just as valuable to me as positive results. I can never find the thing that does the job best until I find the ones that don’t.” – Thomas Edison

Does being negative kill progress? No. A healthy dose of pessimism can motivate you go out there and make it happen. Other biz “taboos” with surprising benefits: renegade thinking, rewarding failure, creative destruction, team competition, productive friction, and collaboration with competitors.

No hard feelings, Larry Page. Your dad was a computer science professor at MSU and I’m a loyal Spartan.

Sources:
Seligman: http://bit.ly/dS1gsQ
U of Chicago: http://bit.ly/13y5dkD
European Study: http://bit.ly/13y5sMx

Additional Sources:
Heidi Grant Halvorson, “Sometimes Negative Feedback is Best,” HBR, January 28, 2013.
Oliver Burkeman, “The Power of Negative Thinking,” NYT, August 4, 2012.
Hay, Louise L., You Can Heal Your Life, Hay House Inc., 1984.
The Economist, “Words of Wisdom: Positive Thinking’s Negative Results,” The Economist, 11 June 2009.
Wood, Joanne V., “Should we re-think positive thinking?” PsychologyToday.com, March 20, 2009.
Yong, Ed, “The peril of positive thinking,” Scienceblogs.com, May 27, 2009.

 

Dear Groupon: Successful Companies Start with Value Creation.


Thursday, February 28th, 2013 6:58 pm | by Kirsten Osolind

Earlier today, Groupon fired CEO Andrew Mason. Mason posted his exit letter publicly, noting that it would eventually be leaked to the press anyway.

Mason’s letter begins:
“After four and a half intense and wonderful years as CEO of Groupon, I’ve decided that I’d like to spend more time with my family. Just kidding – I was fired today. If you’re wondering why… you haven’t been paying attention. From controversial metrics in our S1 to our material weakness to two quarters of missing our own expectations and a stock price that’s hovering around one quarter of our listing price, the events of the last year and a half speak for themselves. As CEO, I am accountable.”

…it continues:
“If there’s one piece of wisdom that this simple pilgrim would like to impart upon you: have the courage to start with the customer.”

Read more

 

Do You Become What You Disrupt?


Thursday, August 9th, 2012 7:15 pm | by Kirsten Osolind

“You become what you disrupt.”

The Dave McClure / 500 Startups “#UNSEXY CONFERENCE” is breaking buzz sound barriers today. Many tweeps are retweeting a meme quipped during one of today’s sessions by Jesse Robbins, CEO of Opscode / O’Reilly Radar contributor / and Co-Chair of the Velocity Conference. The quote? “You Become What You Disrupt.”

Jesse Robbins originally advanced this theory in 2007. Back then, he used Skype to illustrate his point. Alas, the glory days of Skype are long over. Skype has had its share of problems and it only gets worse (it lacks context, it’s de facto illegal in many countries, and overwrought with bugs, crashes, patches, and fixes). But back then, Jesse upheld Skype as a shining star example and declared, “you become what you disrupt.”

As kindly as we can put it, that’s a load of bullocks. Then and now.

Disruption is temporal. You don’t become what you disrupt. You become what you sustain. Disruption by no means equals sustainable success. You may successfully disrupt but fail to be successful. Disruption creates an opportunity to become something else *OR* flame out quickly. You are creating a space for evolution. And unless your company is prepared, poised and perfectly positioned for EVOLUTION — pursuing unmitigated disruption and revolution will merely accelerate your path to failure. Laurence Capron’s recent research proves what we already know instinctively: business survival depends on differentiated products and services, multifaceted growth strategies, and management leadership capabilities.

A few poignant stories:

Read more

 

Innovation Excellence’s Top 50 Innovation Tweeters


Tuesday, July 24th, 2012 11:49 am | by Kirsten Osolind

Yesterday Innovation Excellence (@IXCHAT) announced their Top 50 Innovation Tweeters. The list includes 50 prolific innovation practitioners who are active on Twitter. RE:INVENTION, inc. congratulates those honored. Out of sheer curiosity, RE:INVENTION has created a snapshot profile of those honored – with Klout Scores, Twitter Follower count, and hyperlinks to their Tweets. The average Klout score of those honored: 44.7. The TOTAL number of Twitter followers for those included in Innovation Excellence’s Top 50: 562,548*. One honored tweep – entrepreneur/intrepreneur Julian Keith Loren (@jkloren) — accounts for nearly 40% (217,931) of total Twitter followers among the Top 50.

A Profile of the 2012 Innovation Excellence Top 50 Innovation Tweeters

A Profile of the 2012 Innovation Excellence Top 50 Innovation Tweeters

Innovation Excellence’s Top 50 Innovation Tweeps Klout Score Twitter Followers
John Hagel (@jhagel) 69 10,931
Ross Dawson (@rossdawson) 60 31,436
Deborah Mills-Scofield (@dscofield) 58 2,954
Mitch Ditkoff (@mitchditkoff) 57 1,570
Mike Brown (@brainzooming) 56 12,676
Scott Berkun (@berkun) 56 13,470
Tim Kastelle (@timkastelle) 55 4,244
Gregg Fraley (@greggfraley) 52 8,281
Alex Osterwalder (@alexosterwalder) 54 19,207
Gary Schirr (@ProfessorGary) 54 52,626
Sarah Caldicott (@SarahCaldicott) 53 882
Jorge Barba (@jorgebarba) 52 4,672
Phil McKinney (@philmckinney) 52 8,119
Vincent Carbone (@insitevc) 52 3,796
Saul Kaplan (@skap5) 59 11,254
Graham Hill (@grahamhill) 52 5,832
Jose Briones (@brioneja) 52 3,132
Jose Baldaia (@jabaldaia) 52 3,121
Braden Kelley (@innovate) 51 13,350
Paul Sloane (@paulsloane) 49 12,159
Hutch Carpenter (@bhc3) 49 5,953
Chuck Frey (@chuckfrey) 49 5,122
Stefan Lindegaard (@lindegaard) 48 11,213
Cathryn Hrudicka (@creativesage) 47 12,001
Julian Keith Loren (@jkloren) 47 217,931
Stephen Shapiro (@stephenshapiro) 46 10,284
Scott Anthony (@ScottDAnthony) 46 4,753
Ralph Christian Ohr (@ralph_ohr) 45 2,237
Boris Pluskowski (@bpluskowski) 45 4,255
Matthew E May (@matthewemay) 44 7,771
Bill Fischer (@bill_fischer) 44 1,678
Frank Piller (@masscustom) 44 1,504
Paul Hobcraft (@paul4innovating) 40 1,296
Arie Goldshlager (@ariegoldshlager) 42 5,949
Clinton Bonner (@clintonbon) 41 2,189
Jeffrey Phillips (@ovoinnovation) 43 2,198
Andrea Meyer (@andreameyer) 40 19,165
Kevin McFarthing (@innovationfixer) 38 1,426
Nicolas Bry (@nicobry) 38 1,140
Kamal Hassan (@innovation360) 38 5,555
Drew Boyd (@drewboyd) 37 1,138
Rowan Gibson (@rowangibson) 36 1,933
Steve Todd (@stevetodd) 35 1,336
Robert Brands (@innovationrules) 21 2,287
James Todhunter (@jamestodhunter) 15 1,132
Robert Tucker (@robertbtucker) 12 285
Yann Cramer (@innovtoday) 10 586
Rocco Tarasi (@roccotarasi) 10 169
Drew Marshall (@drewcm) N/A 1,799
Max McKeown (@MaxMckeown) N/A 4,551
AVERAGE KLOUT / CUMULATIVE FOLLOWERS 44.6875 562,548


* As of end of day 7/23/2012.

Read more

 

Why Good Ideas Fail (An Inclusive Checklist)


Thursday, April 19th, 2012 11:30 am | by Kirsten Osolind

Eight years have passed since we won “Honorable Mention – Best Small Business Blog” in the first annual MarketingSherpa Blog Awards. This week we’re back to blogging with fresh perspective. We plan to use this new blog to take a stand on “innovate or perish.” To answer naysayers who suggest that most companies lack the capacity to be innovative. Why? Well, because we believe that America is inherently innovative. That American business is innovative. That the world is innovative. And that with the right tools, process, discipline, commitment, and vision any company can be innovative. Yet 33% of all new businesses fail in the first six months. Eight out of ten tank in the first three years. And according to the Journal of Product Innovation Management, for every 7 new product ideas, 1.5 are launched, and only 1 succeeds.

Clearly there are some big hurdles to idea implementation and innovation. Avoiding premature idea strangulation (gasp!) starts with analyzing potential pitfalls.

Yes – smart folks have talked about some of these issues in isolation, but rarely if ever inclusively and if so inadequately. So, how does innovation get stymied? Why do good ideas fail? Here are 10 reasons (our inclusive checklist):

Read more

RE:INVENTION Tips

Register for the RE:INVENTION Report

http://www.reinventioninc.com/

You’ll get monthly ideas to help you spark business invention and reinvention.

Full Name Email

Let's discuss your growth goals.
Learn more about what RE:INVENTION can do for your business.
Chicago, IL: 312.635.1350 Coronado, CA: 619.342.4411Schedule a Complimentary Consultation