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 exchange service – helping others progress – rather than value (cash for products). This can be, initially, a challenging aspect of the Progress Economy. Yet service exchange is truly the engine of economic activity since: In simplistic terms, if I can help you make progress, I’d like you to help me […]
Phenomenological
WHAT WE’RE THINKING Phenomeno-what? I’m with you, what a mouthful! Think of it as the baggage you bring to a decision – all your lived experiences together with what you’re experiencing at the decision/judgement point (your living experience). It’s why you might hate a particular proposition right now, but loved it yesterday; or why you’ll […]
Resources – carriers of capabilities
What we’re thinking We integrate resources in order to make progress; our progress stumbles when we lack them; and we offer them to others in exchange for other resources we need to make progress. They are fundamental to the progress economy thinking – but what are resources? The literature and everyday language give us a […]
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 […]
