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Category Archives: Innovation in business

Borrowing and Combining Innovation

Borrowing innovation is easier than inventing from scratch! Think you have to start your invention from scratch? Why not combine existing innovations? Here’s two examples of incredible innovations over 100 years apart: Henry Ford (1908) Henry Ford actually borrowed three existing innovations for his assembly line: i) Interchangeable part... Continue reading

Book Review – ‘Remote’

I just finished the new book Remote by Jason Fried and David Heinemeier Hansson, the founders of 37Signals.  The writing style is quite pleasant to read as it is very short chapters with lots of white space (so you can read a lot of pages faster).  They also wrote a book Rework, that was a New York Times bestseller. I wouldn’t recommend read... Continue reading

Could Less Products Mean More Profits?

I just read about an interesting experiment where less products produced more sales. It was in Dan Pink’s great book, To Sell is Human. The experiment was done by Sheena Iyengar (Columbia University) and Mark Leppar (Stanford) . They first set up a booth selling 24 different types of jam and tracked how many people stopped to consider a purcha... Continue reading

Proud of The Lean Startup Progress

Last week I received a great blog post by Steve Blank, who is considered the father of the Lean Startup movement.  He announced the publication of his article as the cover story of the May, 2013 issue of the Harvard Business Review. While many of us, including the team here at The Business Therapist®, have been ‘drinking the Lean Startup koolai... Continue reading

Finding Business Inspiration for Business Growth

Creative stimulus can occur in the strangest places. A few years ago, I was visiting the Grand Canyon with my mother. In our conversation, we discussed the nursery school she runs back in my home town. We both came to an interesting revelation. To manage the safety and social behavior of a group of three-year-olds, she observes their behaviors,... Continue reading