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The differences between Web 2.0 and Web 3.0
The future of the internet
Understanding the potential of Web 3.0
Invention and innovation
- Invention is the creation of a product or introduction of a process for the first time.
- Innovation is when someone improves on or makes a significant contribution to an existing product, process or service.
Steve Jobs' iPod is an example of great innovation. The iPod was not the first portable music device, neither the first device to put hundreds of songs in your pocket. What made Apple innovative was that it combined elements in a single device.
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Innovation alone is not enough
Companies often focus on technology instead of the customer's problem.
Smart innovators frame their ideas to stress how a new concept is compatible with the existing market landscape.
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Turn a great idea into a world-changing innovation
- Innovation should give a unique competitive position in the marketplace.
- Differentiating factors of your innovation should be conceptualised around the key strategic focus of the enterprise.
- Know the customers.
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"The pessimist complains about the wind. The optimist expects it to change. The leader adjusts the sails.”- John Maxwell
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Innovation in Entrepreneurship and Startups
Innovation can be achieved by mature, large companies, not only by startups.
While most innovation comes from startup companies, some of the top innovative companies are mature and large (Apple was founded in 1976 and generates $228 billion. Google: 1998, $78 billi...
The invention of paper and moveable type
- In 105 China, an official Cai Lung suggested using "the bark of trees, remnants of hemp, rags of cloth, and fishing nets" for writing on instead of heavier bamboo or costlier silk material.
- The Chinese followed that up with the invention of the first clay moveable type for printing...
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