Why economist’s models don’t work well in real life
Their models are based on many assumptions, so it’s easier to reduce them...
Category: Business
Why economics textbooks are works of fiction!
Economists love models populated by automatons. However, real households, real businesses and real...
Humans are not homo economicus
Humans are not cold calculating machines – but this doesn’t mean they are...
Why the future is unknowable
There is a difference between risk and uncertainty . Resolvable uncertainty is uncertainty...
Ecosystems are more important than products for innovators!
The MVE ( minimum viable ecosystem) is focused on achieving commercial scale early—a...
Adoption Chain Risk: Seeing All the Customers Before Your End Customer
Adoption Chain Risk: Seeing All the Customers Before Your End Customer We have...
Costs and benefits are different for customers and innovators because of inertia
Innovators and customers view “benefits” and “costs” from very different perspectives. Missing this...
Innovation needs an Ecosystem
Co-innovation Risk can be a major reason for failure, because you can’t do...
The bigger you are, the harder you fall!
Size does not give organizations invincibility—indeed, their size is what makes them vulnerable—but...
Why bigger is not better
Being big doesn’t protect anyone,” Paul Purcell argues. “All bigness does is create...