Posts Tagged ‘OnStar’
Why is Business Process an Enabler of Innovation?
The new logic of innovation and value creation forces us to focus on the core principles. For example, ING, Bridgestone, Starbucks, and Google are all in different industries. But all of them, implicitly, subscribe to the core principles of N = 1 and R = G. We need to distinguish between the core principles of innovation and its manifestations in a specific industry or in a specific firm. We should avoid the temptation to imitate any one company’s approach to operationalizing these core principles. We must not just focus on knowing how but on knowing why and knowing what as well. Similarly, we need to discard traditional categories in our thinking, such as hardware and software, manufacturing and services, and product and process innovations. These distinctions are not very useful.
New Demands Traditional Firms Confronts in the N=1 World (ii)
According to CK Prahalad and MS Krishnan, in the N =1 world, the traditional firm confronts several critical new demands. These new demands includes flexibility; quality, cost, and experience; collaborative networks; complexity; customer interfaces; and scalability. In the previous post, we have examined the first three demands. The remaining will be covered in this one.