IMHO, the innovator's dilemma isn't so much of a dilemma anymore as a necessity. A dilemma is where you don't know what the right thing to do is - cannibalize an existing high revenue but mature business by backing and getting in front of a new innovation which might leave you with lower margins and revenue, or try and fight the innovation. As we've seen a lot lately with the likes of Borders, Blockbuster, the RIAA and many more, fighting the innovation is a losing strategy - so it isn't as much a dilemma anymore as an unpleasant realization and taking the courage to pull the trigger now and now turn out like the CEO of Polaroid.
What are the challenges then, if we're to accept it isn't as much a matter of a dilemma but more one of survival? Geoffrey Moore<http://en.wikipedia.org/wiki/Geoffrey_Moore>, author of Crossing the Chasm<http://en.wikipedia.org/wiki/Crossing_the_Chasm>, recently spoke at Stanford's Entrepreneurial Thought Leader series about the concept of escape velocity and how to recognize the importance of "Power" in a business and its future. You can watch is here: http://ecorner.stanford.edu/authorMaterialInfo.html?mid=2725. Geoff On Thu, Oct 13, 2011 at 01:55, Justin Tauber <anotherjus...@gmail.com>wrote: > Thanks for that Patrick. > > It's very easy to forget how good we have it just worrying a few dozen > device-browser combinations, without the carriers messing with the > experience as well. > > Still, I'd be surprised if that's what an innovator's dilemma is. As you > say, it's more that genuine innovation poses a kind of "unknown unknown" > problem for the management of companies who are just taking care of > business. If it's a dilemma - which it probably isnt,since that usually > suggests a choice between equally unpalatable but known options - it's > certainly not a dilemma for the innovator, but for everyone else. > > In any case, thanks again for the post. > > Justin Tauber > @brtrx > > On 13/10/2011, at 4:36 PM, PatrickCollins12 <pcolli...@gmail.com> wrote: > > > Hey Oliver, > > Back to the original question. The innovator's dilemma actually refers > > to something quite different than what you are referring too here. > > > > It is really more about, how can very astute well run companies become > > so wildly disrupted by new technologies (e.g. Amazon and eBooks vs the > > publishing industry or Internet vs Newspaper). > > > > My business was wildly disrupted by Apple twice. You might like to > > read my blog post "How Steve Jobs Disrupted 5th Finger and All of > > Those Orifices" > > > http://fingerfood.5thfinger.com/2011/10/07/how-steve-jobs-disrupted-5th-finger-and-all-of-those-orifices/ > > > > So the innovator's dilemma is not as much about the dilemma of sharing > > ideas with other people for them to steal. I don't what you'd call > > that problem... plagiarism? information sharing risk? > > > > Sorry to be a pedant. > > > > Regards, > > Patrick. > > > > > > On Oct 6, 11:22 pm, Oliver8008 <oliver8...@gmail.com> wrote: > >> The Innovation Dilemma looks something like this: > >> > >> “There is an idea which I want to share with potential customers and > >> others in industry BUT I don’t want to share it because any of these > >> people may steal it or share it with a competitor” > >> > >> I want to share it to play with the idea with as many people as > >> possible to make it better or find it’s weaknesses. > >> > >> I have to communicate it to others to go down the path of a “lean > >> start-up” > >> > >> Is this only a small problem for Silicon Beachers? Because most of us > >> are building software which is hidden, then simply attempting to be > >> “first to market” where we attempt to get 10,000 plus customers who > >> will not switch, as long as we keep up with their needs, features and > >> a pricing model they like? > >> > >> However it seems that the Innovation Dilemma, is a large problem in > >> our global society in many industries. > >> > >> I went to a Meetup in Israel the other day and listened to Douglas > >> Graham describe the Innovation Dilemma problem. He offered his new > >> businesswww.IDDEX.comas a solution. Out of all this offerings the > >> one thing that got me excited was; IP insurance. Where hundreds of > >> IP holding individuals and companies pay insurance against the > >> possibility that someone else in the world may steal your IP, but > >> because you have insurance, there is money to effectively sue that > >> other individual or company. Douglas said there are still collecting > >> people’s names of those that are interested. > >> > >> I also wonder about how our world is becoming a digital small town. > >> Does that mean that if we digitally time stamp an idea and claim > >> authorship with legal IP we are safe to “own” it in a small town? If > >> someone steals the idea, and publically sell it, that they would be > >> accused of stealing it, inside the digital small town? > >> > >> What do you think? > >> > >> Oliver Slezak > >> > >> Ps Douglas taking 3.38 minutes to pitch the Innovation Delimma > problemhttp://youtu.be/B0rKs9qpfnM > > > > -- > > You received this message because you are subscribed to the Silicon Beach > Australia mailing list. Vist http://siliconbeachaustralia.org for more > > > > Forum rules > > 1) No lurkers! It is expected that you introduce yourself. > > 2) No jobs postings. You can use http://siliconbeachaustralia.org/jobs > > > > > > To post to this group, send email to > > silicon-beach-australia@googlegroups.com > > To unsubscribe from this group, send email to > > silicon-beach-australia+unsubscr...@googlegroups.com > > For more options, visit this group at > > http://groups.google.com/group/silicon-beach-australia?hl=en?hl=en > > -- > You received this message because you are subscribed to the Silicon Beach > Australia mailing list. Vist http://siliconbeachaustralia.org for more > > Forum rules > 1) No lurkers! It is expected that you introduce yourself. > 2) No jobs postings. You can use http://siliconbeachaustralia.org/jobs > > > To post to this group, send email to > silicon-beach-australia@googlegroups.com > To unsubscribe from this group, send email to > silicon-beach-australia+unsubscr...@googlegroups.com > For more options, visit this group at > http://groups.google.com/group/silicon-beach-australia?hl=en?hl=en > -- Geoff McQueen Founder & CEO Hiive Systems Phone: 1.877.425.7315 (US) - 1800 2 44483 (AU) Cell/Mobile: 650.450.4384 (US) - 0414.678.466 (AU) -- You received this message because you are subscribed to the Silicon Beach Australia mailing list. Vist http://siliconbeachaustralia.org for more Forum rules 1) No lurkers! It is expected that you introduce yourself. 2) No jobs postings. You can use http://siliconbeachaustralia.org/jobs To post to this group, send email to silicon-beach-australia@googlegroups.com To unsubscribe from this group, send email to silicon-beach-australia+unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/silicon-beach-australia?hl=en?hl=en
