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Home > Business & Economics > Strategic Planning > Structural Adjustment > The Map of Innovation-eBook
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The Map of Innovation

How did Kevin O'Connor help create DoubleClick, the innovative marketing technology company... two software companies... dozens of products... and now the "disappearing" DVD, a product that will turn the home video market on its head?

Sheer brilliance? While O'Connor is very smart indeed, he credits his success to applying Thomas Edison's famous saying that "genius is one percent inspiration and ninety-nine percent perspiration." In other words, the breakthrough product or service that is the result of sheer genius alone is the exception.

Great ideas that form the basis of new companies or that can make a hero of someone toiling in the corporate world are within reach of us all.

"But wait," says O'Connor, "ideas are cheap." Just as important is doing something with them -- a process that will turn the best ideas into something that people need. In other words, O'Connor argues convincingly, innovation can be systematically forced.

The Map of Innovation is O'Connor's step-by-step approach to devising lucrative new products and services and bringing them to market, through a process that has proven itself time and again in many different industries. Too often, people trying to innovate focus on things that don't matter or waste their time trying to find answers to questions that can't be answered.

O'Connor shows why the map of innovation centers on getting right the five make-or-break fundamentals:

  • creating a large number of viable ideas;

  • picking the right idea to pursue;

  • creating a highly focused strategy to bring the idea to market;

  • getting the money to fund the strategy; and

  • hiring the best people.

With Kevin O'Connor, the proof of the value of methodical innovation is in the pudding. He helped start companies that have employed thousands of people and created billions in shareholder value.

Anyone can get lucky once, but for success to strike three times and to include many successful products, there has to be a method and map, and any company, big or small, working on any product or service can benefit from O'Connor's time-tested tactics.

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Title of ebook: The Map of Innovation
ISBN: 9781400050543
Publisher: Crown
Internet download file size: 441 kb
Released online for download: 08-12-2003
Author of eBook: O'Connor, Kevin
Joint Author: Brown, Paul B.

The Map of Innovation


Chapter One

ARE YOU SURE YOU WANT TO DO THIS?

Of course I know what I’m doing! What could possibly go wrong?

—Ralph Kramden in almost every episode of The Honeymooners

If you knew the odds against creating a successful innovation, you’d never pursue it. If you are trying to extend an existing product line, you have a reasonable chance of success. But if you are trying to create something new, it is a totally different story.

Out of every hundred ideas, only one can be considered a good idea, an idea that has a chance of becoming a reality, whether you are starting from scratch or working inside an established organization.

Out of every hundred good ideas, only one is worthy of pursuit, of building a new company or division around.

Of those hundred start-ups, perhaps only one will be considered successful.

So, your odds of hitting a grand-slam home run are 1:100 3 1:100 3 1:100, or only 1/1,000,000. When the odds are literally a million to one, why even step to the plate?

And if you do step to the plate and try to get under way, you are bound to get depressed. The beginnin ... read full excerpt from The Map of Innovation ebook