Status Quophiles and Quophobes

Mills Scofield

Ever know anyone who will explicitly say he/she doesn't think innovation is important? Status Quophobes are Innovators - they see the half empty glass as half full, waiting to be filled up! I've been collecting some phrases I hear from Status Quophiles (SQ) and the rare responses from Innovators (I), Status Quophobes. SQ : Nice idea, but we have to recognize the sunk costs of our existing fixed assets. Culture Innovation Status Quo Strategy collaboration

Say “No” to Innovation-in-General

Harvard Business Review

For over an hour, the panel discussed all of the innovative projects they’d worked on — spanning projects from Google Fiber to ad bidding technologies at Facebook. Yes, all of the panelists were speaking broadly on innovative projects. But innovation is a word that means a wide variety of things to a wide variety of people. Without more specification, “innovation” is simply too broad to execute against. Yes all three are innovative.


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How Likely Is Your Industry to Be Disrupted? This 2×2 Matrix Will Tell You

Harvard Business

For the latter, we measured incumbents’ operational efficiency, commitment to innovation, and defenses against attack. Previously strong barriers to entry have perished; fixed assets such as car fleets, hotels, bank branches, and landline infrastructure have become weaknesses. Those in the vulnerability state must address productivity challenges in their legacy businesses right away and thoroughly to get in shape for future innovations (their own or competitors’).

Resolution 2011: Make Your Strategy Coherent

Harvard Business Review

Focus on capabilities rather than just fixed assets: Fixed assets, including brands, are more difficult to leverage across diverse businesses and tend to expire, become obsolete, or give way to related services. as an innovator, a value player, or an experience provider) and how it differentiates you from your competitors. There's no doubt about it; numbers don't lie.

Recommended Resources – An Interview with Paul Leinwand and Cesare Mainardi, authors of The Essential Advantage

Strategy Driven

PL and CM: Most companies look outside to adjacent markets for growth and invest in assets to exploit those opportunities. And, invariably, you invest in assets. These choices historically conferred advantage – first-mover, scale – but asset-based scale advantages have diminished in recent years, thanks to technology, cheap information, and outsourcing. As the intrinsic value of assets diminishes, the competitive value of capabilities will only grow.

China’s Growth: A Brief History

Harvard Business Review

Some find evidence of a clear improvement of total factor productivity since market-oriented reforms began in 1979, estimating that the increase in TFP contributed about 40% to GDP growth, roughly the same as that contributed by fixed asset investment. to 1% per year if not for joint ventures that allowed for transfers of knowledge and technology, as opposed to domestic innovation.

GDP 12