Management gurus preach the virtues of 'continuous innovation' but a new kind of reinvention may be taking hold.
By Cédric Laguerre, Senior Analyst, lecturer at SKEMA Business School and Eric Viardot, strategy professor, SKEMA Business School
It has become an unassailable tenet of business: Companies must Always Be Innovating. Indeed, some proponents of so-called continuous innovation talk as if failing to reinvent your company every few weeks is tantamount to an assault on capitalism: Any profit-driven enterprise needs to innovate to reduce its costs or create new markets, which ultimately benefit consumers. Who knew perpetual innovation was the natural force guiding Adam Smith's "invisible hand"?
We would submit that real technological innovation for consumers actually has been stalled for some time. Yes, we saw an explosion of true innovation in the late 90s, as computer, telecommunications and software technologies converged.
But more recently novelties such as smart phones or social networking sites are more related to smart marketing than sheer technology. In the last three years the number of technology driven start-up companies has significantly decreased, and what passes for innovation seems to be restricted to a group of large companies who that are either acquiring or destroying their smallest competitors.
Why the slowdown? More
Like nature, the Apple rumor mill abhors a vacuum, and for much of this month it has been filled with talk of "the Brick."
What is the Brick? The question was first posed the day after Steve Jobs' "Let's Rock" keynote address by Cleve Nettles on the Apple blog 9 to 5 Mac. He wrote that a tipster with "a solid track record" told him that the mid-October introduction of a MOREPhilip Elmer-DeWitt - Sep 28, 2008 7:50 AM ET
Click above for video of AMD vice president Patrick Moorhead talking about how the chipmaker will face the competition from Intel and turn things around.
(DELL) (HPQ) (AAPL) (INTC) (AMD) (NVDA)Jon Fortt - Aug 29, 2008 9:58 AM ET
Now that Apple TV offers movie rentals in high definition, the question naturally arises: how does Apple's HD stack up against, say, a Blu-ray disk or the HD content offered by the cable networks?
To get at an answer, the folks at iLounge have done a favor for the rest of us (who don't necessarily have an Apple TV, a Blu-ray player or even an HD TV): they've posted side-by-side comparisons MOREPhilip Elmer-DeWitt - Feb 13, 2008 6:15 PM ET
The innovative Rolly robotic speaker system, which is not yet available, is emblematic of the company's improved fortunes. Image: Sony
LAS VEGAS - After a rough couple of years, Sony is beginning to look like its old self.
It might be too soon to declare a total comeback, but the electronics giant finally seems to have momentum. Those quarterly losses that at times topped $500 million as Sony (SNE) struggled to turn MOREJon Fortt - Jan 9, 2008 2:33 PM ET
LAS VEGAS - Why did Warner Bros. choose last week to exclusively back the Blu-ray format for high-definition DVDs and ditch HD DVD, a move that could end the bitterest battle in the electronics industry?Jon Fortt - Jan 7, 2008 4:06 PM ET
Journalists prepare for the start of the Sony pre-CES press conference. Image: Jon Fortt
LAS VEGAS - Fresh from its news that Warner has backed its Blu-ray format for high definition, Sony (SNE) is vying to show that it is still an electronics innovator, and isn't languishing in the shadow of iPod maker Apple (AAPL).
To that end, the electronics giant said it will immediately begin selling an 11-inch version of a MOREJon Fortt - Jan 6, 2008 7:24 PM ET
With less than two weeks to go before Steve Jobs' Jan. 15 keynote, analyst Shaw Wu of American Technology Research offers his best guess for what Apple's (AAPL) CEO might have up his sleeve at Macworld Expo 2008. In a note to clients issued this morning, Wu predicts:
Blu-ray. Citing unnamed sources, Wu says that Apple will outline an HD strategy that backs Sony's Blu-ray format over the HD-DVD standard favored MOREPhilip Elmer-DeWitt - Jan 3, 2008 12:34 PM ET
Despite the uncertainty, this much is clear: We won't soon see a run in tech stocks like the one that just petered out.
Break out the orange juice and aspirin: Wall Street's tech party is officially in hangover mode.
Investors don't have to look far to see the signs. Apple (AAPL) shares are down 14 percent from their high of $192 earlier this month. Google (GOOG) shares are down 15 percent, and MOREJon Fortt - Nov 19, 2007 9:36 AM ET
Sony expects that products like this KDL-46XBR2 TV will be a hit this holiday season. Image: Sony
Never mind the mortgage blues: Sony executives say signs already point to this being one of the best-ever holiday seasons for consumer electronics sales.
During an invitation-only press event Monday night in San Francisco, Sony Electronics President Stan Glasgow said that despite recent doom-and-gloom predictions about fallout from the subprime mortgage mess, he is confident MOREJon Fortt - Nov 6, 2007 12:32 PM ET
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