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jerryking : michael_schrage   5

For innovation success, do not follow the money
07-Nov-2005 | Financial Times | By Michael Schrage "There is
no correlation between the percentage of net revenue spent on R&D
and the innovative capabilities of an organisation – none,"...Just ask
General Motors. No company in the world has spent more on R&D over
the past 25 years. Yet, somehow, GM's market share has
declined....R&D productivity – not R&D investment – is the real
challenge for global innovation. Innovation is not what innovators
innovate, it is what customers actually adopt. Productivity here is not
measured in patents granted but in new customers won and existing
customers profitably retained...A successful innovation policy is a
competition policy where companies see innovation as a cost-effective
investment to differentiate themselves profitably. If a 1 % R&D
intensity buys market leadership, more power to them; if 15 % is what it
takes to keep up with the competition and satisfy customers, that is
fine, too.
Michael_Schrage  innovation  R&D  productivity  measurements  metrics  ROI  customer_acquisition  correlations  customer_adoption  customer_profitability  GM  decline  competition_policy  innovation_policies 
october 2010 by jerryking
The 15 Minutes that Could Save Five Years
June 16, 2010 | Harvard Business Review | by Michael Schrage.
We're facing the end of retirement as we know it — an emerging
unpleasant reality that will (re)shape the quality of life and standard
of living for billions. we all need to start dealing with it.
Now....Forget the "saving for retirement" shibboleths. Strategically
addressing those 60+ months after age 65 may be the most significant
long-range planning investment in your human capital portfolio....Who
are the 70+ year olds whose presence, energy, and effectiveness might
profitably serve as the benchmarks for your own?
invest_in_yourself  Michael_Schrage  retirement  HBR  personal_finance  aging  human_capital  role_models  Kauffman_Foundation  Zoomers  long-term  shibboleths  savings  planning  myths  strategic_thinking  JCK  endgame  Second_Acts  long-range 
june 2010 by jerryking
The Best New York Times Business Columnist You've Never Heard Of - Michael Schrage -
April 29, 2010 | Harvard Business Review | by Michael Schrage.
Bigs up Steven Strogatz of the NYT whose columns have quickly become
"must reads" for entrepreneurs and executives who grasp that mathematics
is now the "lingua franca" of serious business analysis.
HBR  mathematics  competingonanalytics  Michael_Schrage  Communicating_&_Connecting 
may 2010 by jerryking
How Technology Is Changing the Face of Innovation -
AUGUST 17, 2009 | Wall Street Journal | by ERIK BRYNJOLFSSON
And MICHAEL SCHRAGE. Technology is transforming innovation at its
core, allowing companies to test new ideas at speeds—and prices—that
were unimaginable even a decade ago. They can stick features on Web
sites and tell within hours how customers respond. They can see results
from in-store promotions, or efforts to boost process productivity,
almost as quickly.
innovation  science_&_technology  Markiter  experimentation  accelerated_lifecycles  Erik_Brynjolfsson  Michael_Schrage  books  in-store 
august 2009 by jerryking

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