Tuesday, September 27, 2011

Two Steps Forward, One Step Back

Sometimes with innovation, solving problems can create other issues. While it cannot always be foreseen, it is important to think how your innovation might "change the game."

Click here to view article "Accidental Incest A Concern"

Unforeseen Impact
  • Who would have thought that an innovation that allows couples to have children that they might not have otherwise been able to conceive would one day bring concerns about accidental incest among society? Many other innovations such as iTunes for example, have had far reaching impacts that I don't believe were perceived at the innovation's inception. It is important to be able to try to predict what the consequences of your offering might be, (especially if they are potentially negative) and to learn to shift and accommodate for when those unexpected curveballs are thrown your way
Pivoting is Key
  • As we discussed in class about Eric Reis' concept of pivoting, it is integral to the growth and stability of a venture to be able to pivot your business model when circumstances arise. Many businesses choke and fail because they fail to adapt to changes in their business environment. In the example of artificial insemination, which is a source of income for those who donate in the United States as well as for the companies who then sell the artificial insemination services, concerns about potential incest in the community could lead to added legislation which may require a pivot or shift in order to maintain business as usual.
Scout's Motto: "Be Prepared"
  • Being prepared by trying to predict what some of the impacts might be as a result of your innovation and planning accordingly will allow you to better avoid the pitfalls and negative consequences that may arise from said innovation and hopefully allow your business to be able to grow and pivot more effectively when necessity arises.


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