Innovation strategies are the difference between companies that lead their industries and companies that watch others take over — and most leaders only discover what's missing after the damage is done. In 1975, a Kodak engineer named Steve Sasson built the world's first digital camera. It was clunky, slow, and used a cassette tape to store images. But it worked. He showed it to his executives. They looked at it, nodded politely, and told him not to tell anyone about it. Kodak had the future in their hands. They buried it. Twenty years later, digital photography killed the film business. By 2012, Kodak filed for bankruptcy. The company that invented digital photography was destroyed by digital photography. That's not a failure of creativity. Kodak had brilliant engineers. It's a failure of innovation strategy — the systems, mindsets, and decisions that determine whether new ideas get killed or get built. And Kodak isn't alone. Blockbuster passed on buying Netfl...
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