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Home > Innovation  > Facing a Resource Crunch? Read On! 

Lewtan Wins Credit Magazine Technology Innovation Award - MarketWatch

Lewtan Wins Credit Magazine Technology Innovation Award
MarketWatch - 6 hours ago
The Technology Innovation Award recognizes Lewtan's innovation in financial markets technology and continues to solidify its leadership position in the ...

Facing a Resource Crunch? Read On!

Recently I read an excerpt from a new business innovation book wherein the author went to great lengths to instill the need to provide sufficient resources for every innovation effort, without which the effort would be almost certain to fail. The cited leadership's frequent failure to ensure adequate resources as the single most important reason for innovation failures.

Hogwash! Not only is the author wrong, his perspective is downright dangerous to the heart of the innovation effort. Frequently when addressing a client's desire to instill greater innovation within their organization, I will define a strategy that purposely restricts access to resources. Why? Simple. When we are faced with severe limitations, most groups either quickly give up or wade into the fray determined to succeed despite the their circumstances.

When I think of difficult, in fact, perilous circumstances, my mind turns to the Apollo 13 near disaster. You will recall that following an onboard explosion enroute to the moon, Houston Ground Control was faced with several problems. First, was how to turn the spacecraft around and head it back to earth. The next arose a few days later when the crew began to suffer carbon dioxide poisoning. In response to this second dilemma and his engineering staff's analysis that no in flight repair was possible given the crew's available resources, the Flight Director gathered the engineering team together. He placed them in a room with only the equipment which the crew had onboard, which he unceremoniously dumped onto the table from several sacks and told them they had just hours to design a solution that the crew could replicate. He also told them that failure was not an option.

The result? With only minutes of oxygen remaining, the engineering team talked the astronauts through the construction of carbon dioxide scrubbers, fabricated from a sock, a carbon filter cartridge of the wrong size, a few other odds and ends and a roll of duct tape. This innovation saved the lives of the three crew members and possibly the future of the Apollo program.

Copyright 2005 by John Di Frances.

John Di Frances is an internationally recognized organizational legacy expert and motivational speaker. http://www.difrances.com

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Assessing innovation metrics (Business Standard India)
Even in the current economic turmoil, innovation remains a high strategic priority for most companies, and many see it as a strong contributor to growth. Yet many also struggle to measure the performance of their innovation portfolios. Reform and innovation key to Bahrain's future success (AME Info)
One of the most important investment management events in the Middle East has been told by the host country Bahrain that reform and innovation will be the key to future economic success. ÂŁ10m prize for energy innovation (The Scotsman)
FIRST Minister Alex Salmond will tonight unveil details of the ÂŁ10 million Saltire Prize Challenge, the world's biggest competition for marine energy innovation. Arnold taps 'innovation' chief (BizJournals)
Advertising agency Arnold Worldwide has promoted Will Burns to the position of executive vice president, director of business development and agency innovation, the shop said on Monday. Lewtan Wins Credit Magazine Technology Innovation Award (PR Newswire via Yahoo! Finance)
Lewtan Technologies, Inc., provider of asset-backed securities surveillance data, analytics, software, and content for the global securitisation industry, today announced that it has won the Technology Innovation Award bestowed by Credit magazine. Blackwave Taps Former EMC Centera CTO to Lead Product Innovation and Technology Development (PR Newswire via Yahoo! Finance)
Blackwave, the leader in Internet video storage and delivery infrastructure, today announced that Michael Kilian has joined the company as Chief Technology Officer. He will lead the company's technology strategy and product innovation efforts. Personnel Force Innovation Program (About.com)
Are you in the National Guard or Reserves, and looking for a full-time job? Have you heard about the Department of Defense's Personnel Force Innovation (PFI) program? This program allows... 21st Century Research Parks: Fueling the Future of Innovation (Newswise)
Innovation fuels the future of our economy--and our nation's university research and science parks are where this innovation is happening. Executives from university research parks around the world will gather at Association of University Research Parks Annual Meeting--scheduled in St. Petersburg, Florida Dec.10-12. KANA Recognized by Leading Industry Publications for Innovation, Growth, and Customer Impact (Centre Daily Times)
KANA Software, Inc. (OTCBB: KANA.OB), a world leader in multi-channel customer service, is pleased to announce the company was honored with three industry awards, including the 2008 Innovation Award from Customer Interaction Solutions , “Software 500” recognition from Software Magazine, and the KMWorld Reality Award for the results achieved by JetBlue Airways with KANA’s knowledge ... EMS Magazine Announces Top Innovation Awards for 2008 (PR Newswire via Yahoo! Finance)
EMS Magazine, the leading monthly publication for the emergency medical services market, recently announced the winners of the EMS EXPO 2008 Top Innovation Awards, which recognize some of the industry's most innovative products of the year.
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