Frank Bannigan, Managing
Director of Kambrook, developed the electrical power-board. The
product was hugely successful and was the basis for Kambrook's
growth to become a major producer of electrical appliances.
However, the power-board was not
patented and Kambrook ended up sharing the market with many
"I've probably lost millions of
dollars in royalties alone. Whenever I go into a department store
and see the wide range of power-boards on offer, it always comes
back to haunt me," says Frank Bannigan,
Today Kambrook has a number of patents and pending
applications for improvements in a range of consumer goods.
Systemic Innovation: 7 Areas