Work generally falls into one of two categories: Sustaining and Originating. Sustaining makes up the majority of work. Sustaining work includes maintenance operations, as well as iterating products to keep pace with a market. It even includes depreciation practices.
Marvel, a brand once on the precipice of bankruptcy, has become one of the leading intellectual property sets in the world. Now owned by Disney, they have benefited from taking part in one of the key benefits offered by the Mouse House: activity fit. Even if you’re not a fan of the Marvel movies and episodic shows it’s important to recognize how they became so successful. The Marvel Cinematic...
Poor Iteration. Its cousin Innovation continually gets celebrated while Iteration is responsible for most of the day-to-day success of businesses. Plus, many activities and updates are labeled as “innovations” when they are actually iterations of an established product or service.
Innovation is different from Iteration
Innovation establishes something new and distinct from what an organization currently offers. However, it should still adhere to a well defined strategy. Authentic innovation is an uncommon, originating activity that leaps past mere iterative progression.