Michael Fruhling
Can Crowdfunding Close The New Technology Funding Gap?
Greetings!
Many promising new technology developers lack funds necessary to achieve commercial readiness. Crowd-funding platforms like Kickstarter have emerged to assist inventors and entrepreneurs, but they tend to focus on funding "products". Are there corresponding viable funding solutions for new technologies?
Curious to learn more? Read on, dear friends.
Social Importance of Keeping Our Commitments To Others
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As we come to the end of the year, it can be helpful to reflect on opportunities to enhance our relationships with others. So, while this week's message should be pretty obvious, it is shared as a helpful reminder as failure to do so can potentially be very costly.
Curious to learn more? Read on, dear friends...
We Are The "Middleman": Do We Add Value or Cost?
Greetings!
With the end of the year upon us, most corporate workers are engaged in performance reviews where they and their managers reflect on performance and goals. Similarly, many consultants await their clients' and prospective clients' decisions regarding how they will direct their budgets in the coming year. The following thoughts are shared with these traditions in mind.
Curious to learn more? Read on, dear friends...
Trust and External Relationships
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Today, more companies than ever are seeking collaborative external business relationships. One of the most important foundations necessary for these relationships to work is a level of trust and shared values. This is not simply a cliche. If one or both parties are unable to set aside natural initial wariness of the other's intentions and or motivations, the collaboration will almost certainly fail.
Curious to learn more? Read on, dear friends...
Could Open Innovation Help Prevent Traumatic Sports Injuries?
Greetings!
There is (appropriately) much attention now being given to the problems of head injuries experienced by participants in high impact sports such as football, soccer, ice hockey and lacrosse at the undergraduate and pro sports levels. However, the problem is much more pervasive and extends to less obvious suspects such as basketball, volleyball gymnastics, and cheerleading.
While modifying rules for these sports can and will help reduce traumatic injuries, I sense that meaningfully addressing this challenge will require significant technical solutions to help create superior protective head gear for participants.
Is Scouting for "Fully Cooked" Products a Recipe for Success?
Greetings!
Companies new to external innovation can risk being seduced by the promise of significant time and resource savings from adopting fully developed products from outside sources. Are these savings realistic, or might it be more advantageous to acquire well-qualified performance ingredients and then develop products around them? Or, are there points in-between that are potentially more attractive than either extreme? The answer, as is often the case is: it depends.
Curious to learn more? Read on, dear friends....
Don't Embrace Failure...But Do Make a Decision!
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Many people write about the tremendous learning opportunities that failure can bring. They claim that failure should be embraced as it instructs us as to what doesn't work, and this helps us to learn what is necessary in order to achieve success. As this view has merit, in a perfect (corporate) world it would be the norm. But the world isn't perfect, is it?
Early Adopters at Downton Abbey
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Trying to sell-in innovation to a risk-averse audience can sometimes be daunting. Rational arguments are fine, but it can be helpful if you also are sufficiently insightful to address your audience's emotional interests, as well.
Curious to learn more? Read on, dear friends...
Make Space For R&D Idea Champions
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Most companies look to their Marketers to drive their new product innovation efforts, and rely upon R&D to execute the plan. Marketing often stifles R&D when individuals seek to surface and promote new opportunities. Should they? Well...yes and no.
Curious to learn more? Read on, dear friends...
Innovation: Who Needs It?
Greetings!
In dealing with would-be innovators, I find that many share a common trait: they seem to focus on the "what" and the "how" (what the product or service does, and/or how it works) and are less attentive to the "who" and the "why" (who the customer(s) are who need it, and why they need it). This approach can have some definite drawbacks.
Curious to learn more? Read on, dear friends...