Transkor Inc. invented and patented Magnetic Tomography technology for
remote inspection of steel structures (oil/ gas pipelines, etc.) several
years ago and keeps improving it. Several multinational corporations tried
to cope up with Transkor, but failed. Transkor's
breakthrough Magnetic Tomography technology remains a far-ahead
world's leader with global
Source: Every Business Is a Growth Business, Ram Charan and Noel Trichy
have seemingly done well thinking from the inside out. 3M achieved legendary
success as an innovator by giving its people room
their ideas in quasi-entrepreneurial fashion. For years, it ranked among
the leaders of FORTUNE's list of most admired companies. But during the
first half of of the 90s, 3M grew its top line less than 4% despite the
brilliance of its entrepreneurial technologists. There wasn't enough
feedback from the marketplace –
missing were the
insight into the customer's mind, and the
needs that could have translated inventiveness into
powerful growth. In late 90s, new leadership got the company back on
outside-in growth initiatives.
7 Routes to
Toshiba’s approach is to develop
strategic alliances with different partners for different
technologies because a single company cannot dominate any technology or
business by itself...
"Three Legged Chicken" – a Radical Innovation Project
joke reveals unforeseen technical uncertainties of a radical innovation project.
man was driving along a freeway when he noticed a chicken running along side
his car. He was amazed to see the chicken keeping up with him because he was
doing 50 MPH. He accelerated to 60 and the chicken stayed right next to him...
More Innovation Jokes