Thursday, January 10, 2013

Innovation: Money, Commitment, and the Right Time

image

Innovation evokes passionate reactions. The term has been so overused and abused that it has become tired and a little lack-luster. However, it still remains what we are all after, because true innovation enriches life and brings prosperity to all involved! Innovation has been used to describe everything from ground-breaking research that truly advances the humanity’s understanding of the world around us (space shuttles, GPS, internet) to everyday incremental improvements in design that would be too obvious to a critical eye. No worries, I am not about to get into another definition of what innovation is or how to promote it in your organization, but I simply want to bring you a real-life story from Apple and Corning to help you make up your own minds about innovation.

Tuesday, January 8, 2013

Leaders in E-commerce

imageRetail is big business in America. It amounts to almost a third of the national GDP. Within retailing though, e-commerce is the fastest growing segment. Data from US Census Bureau shows that e-commerce sales being equal to 5.2% of total retail sales in the latest reported quarter Q3 of 2012 (see chart below for more numbers). This figure has grown from 0.6% in 1999. So who is leading the e-commerce revolution in the US?