Sequencing and Confluence to Inspire Technological Innova...

...innovation often occurs through sequencing—building on prior innovation. Recall that suitcases didn't used to have wheels. Then someone created a suitcase with two wheels. Now many suitcases have four wheels. What helpful improvement on the suitcase might come next? I've pitched this question to students, who then produced amazing renditions of future suitcases, with elements like GPS tracking devices and built-in digital scales that check whether a suitcase is over a weight limit—or suit...

 Innovation is Not Enough

The idea that successive waves of innovation are the main driver of long-term performance in a new or emerging business—or an existing one, of course—appears to be sound when viewed in the abstract. Clearly, innovations in technology, processes, and methodology have occurred, sometimes dramatically, in the U.S. and world economies. Whole new businesses emerged over the past two centuries as advances in manufacturing, transportation, services and communication came in sometimes rapid, successi...