Mittwoch, 14. Januar 2009

Innovation: Creative Destruction

Synthetic Diamonds

Innovation has become a terrible buzzword - I am afraid many people don't like to hear it any more; "Innovation" (and, more general, "change") is wanted but not loved ...

One reason for problems in innovation are the inherent difficulties and even contradictions. Innovation management has to handle contradicting goals. The best known is probably the "Creative Destruction" by Joseph Schumpeter (a fellow-countryman from Moravia):

Innovation is in general destroying or at least jeopardizing the established, often in the own company!

The photo shows a nice recent example from Russell Hemley, Geophysical Lab of the Carnegie Institution: It is now possible to produce artificial diamonds of almost arbiratry size. Diamonds can now be every girl's friend (but probably not so good friends anymore) ...

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