More Recent Essays by Andrew Hargadon
The Challenges of Sustainable Innovation
Pick up any list of "most innovative companies" (there are dozens
published each year) and three things become immediately apparent.
First, there is no shortage of role models for innovation. In fact,
outside the crowd favorites (Apple, Google, and Facebook) there is
not much overlap between lists. Read full post
Faster, better, cheaper: Pick any two.
Is it time to revisit (or visit for the first time) some of the
central challenges of developing and launching sustainable
innovations? With the demise of Solyndra and Beacon Power still recent memories;
with Ener1 entering bankruptcy; and the recent
disclosures that EV makers Fisker Automotive and Tesla are troubled, it may be long
overdue. Read full post
The challenge of innovating in brownfield versus
greenfield markets
Across the globe, many of the opportunities for sustainable
innovation will be in mature markets like energy, transportation,
agriculture, construction and will present very different
challenges from those of innovating in information technology,
Internet applications, or social media. The differences between
driving change in these different conditions is a defining
characteristic of each-something that entrepreneurs, investors, and
policy makers alike seem to forget. Read full post
The Breakthrough Bias
We associate innovation with dramatic technological or market
breakthroughs that revolutionize industries overnight. So much so
that despite continuing evidence to the contrary-that both today's
most successful organizations and most revolutionary technologies
were not new-organizations, policy makers, and the public show
a breakthrough bias when pursuing, funding, or
anticipating innovation. Read full post
Risk, Uncertainty, and the Challenge of Sustainable
Innovation
Innovation is risky business. For companies pursuing sustainable
innovations, these risks take on the scale of the effort and the
context of the problems, the politics, and the markets involved.
The most important aspect of this challenge to sustainable
innovation is understanding the nature of risk at work. Without
this understanding, innovation efforts are paralyzed and innovation
policies-especially those intending to promote new
investments-stifle them instead. Read full post
Anyone pursuing sustainability through innovation faces the defining challenge of finding growth in the face of declining resource stocks. It's not a new challenge, by any means, but it is at the core of pursuing sustainable innovaitons. And you won't find it in the typical narratives celebrating innovation or understanding how to manage it. Read full post
Andrew Hargadon is the Charles J. Soderquist Chair in Entrepreneurship and Professor of Technology Management at the Graduate School of Management at University of California, Davis. Hargadon's research focuses on the effective management of innovation, particularly sustainable innovation, and he is author of numerous articles, essays, and the book How Breakthroughs Happen: The Surprising Truth About How Companies Innovate (Harvard Business School Press).
