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November 2, 2009
Seven Deadly Sins in Innovation
Read the full BusinessWeek article:
The seven deadly sins of the innovator
1. Lust: Innovating in a space you have no business being in.
2. Gluttony: Trying to create too many initiatives with too few resources. Innovation takes emotional and financial capital and focus.
3. Greed: Taking short-term profits at the expense of long-term growth.
4. Sloth: Taking short cuts—not doing the hard work, not following the proven process.
5. Wrath: Being so focused on your competition that you miss the same opportunities your rivals are missing. You can't read the label when you are sitting inside the jar.
6. Envy: In the context of innovation, envy means launching a "me too" product instead of finding a space you can own.
7. Pride: You won't give up on your favorite idea—even when the numbers prove you're wrong.
Hmmmm.
Stephen
Posted by stephen at November 2, 2009 8:52 AM