The Innovation Problem
This content will be a rewrite of this article: https://solvinnov.com/innovation-problem/ Writing / Editing below here What we’re thinking According to McKinsey, 94% of executives are not happy with innovation initiatives – through identifying ways to deliver what progress seekers truly want: better progress. Here’s why, and why it’s a problem… today Back in 2013, Edison, bin […]
Value-through-progress
The progress economy reframes value creation by focusing on progress rather than static value. Progress is seen as a dynamic movement towards a more desirable state, with value emerging as this progress is made. This approach encourages systematic innovation by addressing progress hurdles and recognizing the complexities and multifaceted nature of value creation.
Value-in-use
The value-in-use model emphasizes incremental value creation through the active use of value propositions, solving blind spots present in the traditional value-in-exchange model. It focuses on service as the key driver of value, promoting adaptability and well-being without the goods versus services debate. Progress relies on beneficiary judgment, dialogue, and resource integration, encouraging continuous value co-creation and innovation.
Value-in-Exchange
The traditional value-in-exchange model has been wildly successful. But its narrow focus on a point of exchange and difficulties in defining what value actually is now hinders growth. Sadly, this model encourages incremental over radical innovation, and has blind spots, missing out on opportunities before and after exchanges, and hinders the shift to a circular economy.
Service Exchange
What we’re thinking We live in a world built on service exchange – on helping others make progress. Yet we often rely on a useful shortcut: the illusion of exchanging value (such as cash for products). Rediscovering the true nature of exchange isn’t just clarifying, it’s essential for innovation. This is one of the trickier […]
Phenomenological
WHAT WE’RE THINKING Phenomeno-what? I’m with you, what a mouthful! Yet we’ll use it a lot in The Progress Economy, so let’s try and get some intuition about it. Think of it as the baggage you bring to a decision – all your lived experiences together with what you’re experiencing at that moment (your living […]
Resources – carriers of capabilities
What we’re thinking Progress doesn’t just happen. It is made when we successfully integrate resources – that’s where value begins to emerge; and stalls when we lack the needed resources, or integrate unsuccessfully. We even offer our resources to others in exchange for resource we need. But what exactly are resources? Most definitions are fuzzy. […]
Progress as a verb and a state transition
Editing below here What we’re thinking In the progress economy we believe seekers are trying to make progress – from their current progress origin to a more desirable state (progress sought) – with everything in their life. Progress can therefore be seen equally as: As such, it is both a super-charged description of a job […]
Progress as a State
Editing below here What we’re thinking Progress is a state – a snapshot comprising three elements, namely: Discovering and understanding all three elements is critical for understanding seeker’s desires, making progress, progress propositions, value, and pursuing successful innovation. Failing to do so may lead to the next super-market self checkouts… Progress as a state Progress […]
Progress as a noun
Editing below here What we’re thinking We find it beneficial to name some specific progress states. Firstly, these named states serve as waypoints describing a seeker’s journey on progress attempts. Secondly, they help us explore and explain value in the progress economy; explaining Drucker’s famous quote: Innovate or die Without further delay, let’s delve into the five […]
