Capturing Value
writing below here What we’re thinking Progress Helpers would, in a traditional sense, look to capture value they are creating. When we don’t exchange value, we need to think what does this mean. It is: In parallel, the helper should look at how it protects its offering from others. Here the usual list of suspects is in play, including: Capturing value
Increasing innovativeness
editing below here increasing innovativeness of a helper with resources As we’re interested in the progress economy in innovation, let’s consider what helper resources are known to help. Hult, Hurley and Knight propose the following three orientations (operant resources) as helping increase the innovativeness of a helper: The implication being that we should look to increase these three orientations within a helper to increase innovativeness. Lacking the skills and competences behind these orientations is a contributor, I suspect, to what Steve Blank calls innovation theatre. When our innovation activities deliver few/no tangible results, we are performing innovation theater.Blank, S. (2019) “Why Companies Do…
9 Key Concepts in the Progress Economy
The inspiration… What we’re thinking Fasten your seatbelts for an exhilarating whirlwind tour of the progress economy! We’re diving into the key concepts that define this dynamic world: progress, progress propositions, value, innovation, and more… …always on the search to enable more systematic innovation and firing up growth. What is the progress economy? The progress economy is a fresh view on our world. One that puts making progress as the central concept. Where value comes from making such progress. And innovation is naturally focussed on improving progress. The progress economy is built on a foundation of service-dominant logic. At its…
Markets in the Progress Economy
EARLY DRAFT / thoughts group of seekers. with similar progress sought (not necessarily the same progress, but sufficiently similar). having access to the offering (this is why software has driven recent growth? AI democratising access to expert knowledge? ). Does deciding to engage belong in definition?disruptive innovation can be defined by market (group of seekers who see offering as good enough, compared to main market)?blue ocean is identifying group of seekers not previously identified by altering profile of progress offered and finding a new progress sought? The market Now we can reveal that defining the market – a term that…
Progress, Service, and Innovation
We find a deliberate, and pleasurable, progression in how progress, service, and innovation are expressed in the progress economy. Each including and building on the previous. Progress Progress sits, as expected, at the base. It is a process, i.e. a series of activities, that move over time move the progress seeker to a more desirable state. That is to say, progress seekers attempt to make progress. And this state comprises of functional and non-functional elements, informed by context. Individual progress seekers uniquely and phenomenologically determine whether to attempt making progress. And they similarly uniquely and phenomenologically determine how much progress…
the goods economy
[draft] The goods economy is how we traditionally are taught about, and experience, our economy. It centres around goods being valuable and services not (or in a less strict interpretation they are less value/problematic). A view that reaches back to Adam Smith and his 1776 publication on the Wealth of Nations. The focus of economic activity in the goods economy is the point of sale – the exchange of value for, usually, cash. We see manufacturers embedding/adding value at each step. A car, for example, is more valuable than the parts that make it. And its wheels, engine and body…