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» What is the cost of NOT innovating? from cph127
I was just burning the midnight oil reading this brilliant post by Ruth Ann Hattori on Joyce Wycoff's Head's Up blog about the cost of not innovating. While the whole business world agree that innovation will save us :-) Ruth [Read More]

» Do you need to be first? from life (over IP)
Ruth Ann Hattori writes an excellent post on Heads-Up! on Organizational Innovation about the costs of not innovating: What happens when you don't innovate but your competition does? If management’s evaluation of the cost of innovation is only f... [Read More]

» The Cost of Not Innovating from IdeaFlow
Great post over on the Heads Up on Organizational Innovation blog regarding "The Cost of Not Innovating"....which author Ruth Ann Hattori describes as "what happens when you don't innovate but your competition does?" and "the estimated dollar value you... [Read More]

» What Is the Cost of Not Innovating? from yet another f*$#&@! learning experience
Over at Heads-Up! on Organizational Innovation, an interesting question - about the long-term cost of failing to innovate. ROI measures are, as Ruth notes, partial and short-sighted. While R&D expenses have to be justified, the ROI on them is usua... [Read More]

Comments

Armand Rousso

It was extremely wonderful to read this new perspective in the domain of innovation.

We talk about opportunity costs all the time but it never struck me that viewed this way, the opportunity cost of no innovation was just so high....life is slipping past us. Look at me, i have come a long way after my first ecom venture (which also happened to be the first ecom venture ever) called the International Stamp Exchange.

This was an innovation of sorts and it didnt sink into my friends and colleagues as to how exchanging stamps via the net would prove any useful over trading them in auction houses.

But for me, it was a mustard seed of an idea and grew up to be a large tree offering me many a fruits which i am enjoying till today.

I shudder to think what would have happened had this innovative idea not taken shape...!

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