Innovation - Deepstash

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Innovation

12 STASHED IDEAS

Borrow, Steal, Transform

Jobs is the classic example of a corporate leader held up as an innovator in his field. In the vast majority of cases, innovation is less about creating something out of thin air, and more about borrowing (or stealing) good ideas from the competition, and then transforming those ideas into something even better. 

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Blue Ocean strategy in diagram

The red ocean is where you and your competition currently compete to solve consumers’ problems. The pink ocean is the space where you do not currently have offerings, but your competitors compete with each other. The blue ocean is the space where your competencies allow you to solve consumers’ problems that your competition either cannot solve or is not currently addressing.

Finding blue oceans provide you the consumer needs that were previously ignored, unknown, or unmet.

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Innovation

Everyone talks about it. Few really needs it.

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