Category Archives: problem solving

Don’t Look For A Great Idea, Look For A Good Problem

At the center of every significant innovation is always an idea. Clarence Birdseye’s idea about freezing fish revolutionized the food industry and American diets. Charles Schwab’s idea about flat commissions changed investing forever. Steve Jobs idea about creating a device that could hold 1000 songs in your pocket turned around Apple’s fortunes. Yet we shouldn’t ...

18 Major Reasons Why Businesses Fail [infographic]

Of course, running a business is no easy task. By identifying the main reasons for which most businesses fail, it would be easier to avoid them proactively. This infographic today looks at reasons for business failure and some effective solutions to avoid get into dire straits before it's too late.

Resourceful Innovation from Inside the Box

There are so many clichés around innovation but the one that causes me the most grief is this idea of “thinking outside the box”. ‘Ever asked someone to show you how you actually go about thinking outside the box? I have...More times than not, they’re not really sure what to do with it.

History Lessons for Innovators [video]

Scott Bowden spends a great deal of time thinking about what he terms as “historical innovation,” which is the concept that one can improve the efficacy of modern innovation programs by studying examples of how people solved problems in the past , and applying those techniques to the challenges faced by current students of innovation.

Solving Business Problems with Artificial Intelligence

Artificial intelligence (AI) is everywhere, promising self-driving cars, medical breakthroughs, and new ways of working. But how do you separate hype from reality? How can your company apply AI to solve real business problems? Here’s what AI learnings your business should keep in mind for 2017.