Apple Watch

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The “wearables” field was already on fire when Apple threw its hat into the ring in 2015. In classic Apple fashion, the company reinvented the category, from interface to Apple Pay, downright to the intricacies of attaching watchbands. When Apple designer Jony Ive stated that the Apple Watch could endanger Switzerland’s traditional watchmaking industry, many industry watchers dismissed the boast …

Airbnb

Airbnb

Michael Tchong Innovation

Airbnb has ushered in the concept of “home optimization,” offering homeowners the same opportunity to boost cash flow the major airlines have enjoyed for years, a disruptive innovation. The option of staying in someone’s private dwelling as an alternative to hotels can be truly liberating. Many times it’s cheaper too. Airbnb already claims an inventory of 2.3 million rooms, which …

Winning Innovation Strategy

How Do You Create A Winning Innovation Strategy?

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Now that the concept of innovation is defined, its history covered and its current importance explained, it’s time to apply innovation to your business. An innovation strategy should be a crucial part of any business model although often ignored to the detriment of companies trying to keep up in the digital age. The following considerations will help you identify and …

Innovation 101

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We are in the midst of an era of sweeping change, with major challenges to address, such as poverty, and new planets to explore, like Mars. With all of the recurring talk of change and reinvention, it’s a given that the word innovation is on the tip of everyone’s tongue. Apple Co-Founder Steve Jobs believed that innovation distinguishes a leader …

Starbucks

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Starbucks CEO Howard Schultz is a visionary man. His Starbucks vision has catapulted the company to the exalted position of the world’s No. 1 coffee retailer. Today, there are some 25,572 Starbucks stores worldwide and in 2016 Starbucks registered its highest profits ever, contributing to an 11% leap in annual revenue. While the success of Starbucks is driven in part …

Amazon

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Amazon has changed the way America shops. In September 2016, Bloomberg reported that more than half of U.S. online consumers begin their product searches on Amazon.com’s site or mobile app. That was an early distant warning. America’s retail establishment was not prepared for what was to happen next. As of Spring 2017, some 2,671 major U.S. retail stores will be …

Amazon Echo Look

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One of the biggest challenges innovation consultants and speakers face is the “tyranny of the installed base” — as legendary founder of Ziff-Davis, Bill Ziff, liked to put it. Retailers eagerly listen to innovation presentations or participate in interactive workshops, but once again Amazon rewrote the rules of retail innovation with the launch of Echo Look. The tyranny of the …

Devialet Silver Phantom

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Major innovations in audio technology were last introduced by the likes of Bose, Dahlquist, Magneplanar and Quad in the 1970s. But a French company, Devialet is causing big bass vibrations throughout the audio industry with an innovative line of speakers called Phantom. The audiophile speaker market is a relatively staid business, especially when compared to its complementary electronics counterpart, think …

Four SXSW Takeaways

Michael Tchong Innovation

SXSW was, as usual, a spectacle to be experienced. Here are some key takeaways: Multitasking events – SXSW may remind you of the COMDEX conferences of yore, but with a twist. While there were many corporate parties at that long-forgotten Las Vegas event, most did not feature “content” as the main draw. Lesson: business prospects like to be entertained and …