Nice short, and insightful read about what you can learn about innovation from large organisations.Β The key takeaway is this:
Proven methods for inventing new products already exist. So why would you want to waste time, money, and other resources “discovering” processes that are already known and working well? Reinventing the wheel is never a good idea.
Successful companies and enlightened professors understand that there are extremely effective innovation processes. Unfortunately, entrepreneurs often hate process because they believe in the fantasy of the big idea.
via What Goliath Can Teach David About Innovation – BusinessWeek.