article thumbnail

A heartbreaking story about time and money.

Berkonomics

Since this number is budgeted and pre-authorized, managers tend to focus upon other things such as sales, marketing and product development issues. There is an art to efficient management of a process, whether that is the process of bringing a product to market from R&D to production or developing a new product’s launch program.

article thumbnail

10 Keys To Real Innovation In Your Next New Business

Startup Professionals Musings

Overall I like the principles in the classic book “ Robert’s Rules of Innovation: A 10-Step Program for Corporate Survival ,” by Robert F. Business risks are not just development risks. Creating intellectual property, including patents, is the kay to long-term value and a sustainable competitive advantage. Value creation.

Coach 137
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Could you be the next Ford, Jobs or Musk?

Berkonomics

Tim Burners-Lee wanted to use it to create a friendlier “web” of pages, sharing data like the pages of a massive library of books extending throughout the world. We can’t help but be amazed by the rapid developments in artificial intelligence and artificial general intelligence (AGI). Commissioner of Patents in 1899. Duell, U.S.

article thumbnail

6 Ways To Extend Creativity To All Areas Of Business

Startup Professionals Musings

While looking for guidance on how to be more creative in growing a business, I came across Michael Michalko’s classic book, “ Creative Thinkering ,” which clearly applies to business as well as personal environments. If you study the Amazon 1-click patent long enough, you’ll likely find something of your own worth patenting.

Ideas 171
article thumbnail

5 Steps To Locking In The Right New Venture Partner

Startup Professionals Musings

An excellent example is the initiative by Elon Musk and Tesla Motors a few years ago to give away their battery patents, to infrastructure and competitive car providers, without transactional agreements. Another partnering model example is the IBM Watson Group $1 billion investment to share cloud-based development and super-computing tools.

IBM 131
article thumbnail

6 Cost-Cutting Recommendations For New Entrepreneurs

Startup Professionals Musings

It wasn’t so many years ago that starting a new e-commerce business on the Internet was a complex custom development project, usually costing a million dollars or more. The same is true for filing patents, registering trademarks, and filing copyrights. Work out of your home, and keep your own books.

article thumbnail

You Need A Strategic Process For Long-Term Survival

Startup Professionals Musings

In fact, in this new world of pervasive interactivity, it’s time to rethink even how to develop a strategy. These help to increase the intrinsic level of understanding, stimulate creativity, and develop ideas. It might be a patented technology, but it could also be the creativity of employees or logistic competencies of the company.