Media Cos Shifting ‘Labs’ Towards Productization, Revenue

Media companies – like their counterparts in Software, Hardware, FinTech, Telecom, Retail, Travel and Insurance – are seeking to get a jump on potential disruptions (and disruptors) with media labs focused on changes in technology, consumer habits, distribution and industry scale. Some are investing in next generation companies. Others have contributed to forward looking efforts […]

Making Next Generation Labs Front and Center

Many companies engage in “innovation theater,” where they showcase a new generation of products to highlight an executive’s vision, impress shareholders and investors, win favorable press, build their brand, and fake out the competition. Elon Musk has proved himself to be a master of innovation theater, most recently by showcasing the Hyperloop magnetic train connecting […]

Bookshelf: ‘Digital Vortex’ is a Digital Playbook for Incumbents

Most business literature celebrates disrupters, but what should “incumbent” companies do to stay ahead of new competitors? How can they leverage digital capabilities and trends to steer themselves into the next generation? These are the questions addressed by a Cisco Initiatives/IMD team in a new book, “Digital Vortex: How Today’s Market Leaders Can Beat Disruptive […]

Verizon, Visa Sees Local Synergies for Digital ‘Ecosystems’

Major brands with millions of users can leverage their digital activity and platform to really boost the fortunes of local players, according to industry leaders speaking at Money2020 this week in Las Vegas. While Starbucks and a few others may be able to go solo at the local level, others can really benefit from “frictionless” […]

Banks See ‘Scale’ As Their Advantage Over Digital Disruptors

With the incredible riches of the next wave of commerce awaiting, it’s a race of the incumbents versus the innovators. “The race is for the incumbents to fix things before innovators get distribution,” ” suggests Global Payments SVP of Global Product Frank Young. That was one of the basic themes this week at the fourth […]

Review: The 2016 Innovation Mission Report Focuses on ‘Culture’

The local media companies have been shrinking and becoming increasingly irrelevant. Yet, they drive on as business entities, raising their circulation prices and reducing their days of operation to cover ad shortfalls. (I mostly stopped writing about traditional local media companies several years ago.) Can they work towards becoming relevant again? Outside of companies that […]

Five Years of The Sharing Economy: A Look at Its Impact and Future

Five years into it, the Sharing Economy — and the $15.7 billion that’s been poured into it — hasn’t completely transformed most parts of the American economy. People still get hired for 40 hour weeks, and people still order goods and services via traditional means. And reviews aren’t written for everything. But in certain industries, […]