The Curse of Innovation

The Curse of Innovation

The article discusses how the patent system has become a burden on the technology sector, with billions of dollars spent on buying patents and legal fees. It also outlines six other curses that inhibit innovation or arise from it. These include the curse of desperation, competition, absurdity, novelty, change, and success. Companies overpay for acquisitions, innovative ideas receive less support than entrenched options, and success can lead to conserving the status quo.

View

More Innovation Resources:

Digital technology is changing the innovation game

Innovation must become a constant and rapid learning approach, with testing to learn as the new innovation mantra.Innovation processes need to be redesigned to be more dynamic, iterative and fluid in response to emerging opportunities to keep pace with digital transformation.

View

Innovate on Purpose: Innovation FOMO and FOMAD

FOMAD, the fear of making a decision, is a significant roadblock to innovation success. This article explores why FOMAD occurs and how to address it.

View

The Gatekeepers: Heavy burden of decision making explained

Gatekeepers play a crucial role in the innovation process, making 'Go'/'No-Go' decisions at each phase. Their decisions need to be fact-based and objective.

View