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When people want more of something, the crowd of more enthusiastic buyers rarely exhausts the supply. What do the printing press and Apple have in common? Most countries are not on track to meet their 2030 emissions goals — so they must take swift, decisive and ambitious action to limit global temperature rise and keep the climate crisis from escalating. Late last year someone stopped Jim Amos in the hall and stuffed a bunch of papers into his hands. The sheer volume and quality of ideas a growing company consumes means that it's no longer feasible for a CEO to take each one firmly in hand, clutching it tightly through every perilous intersection. "The owner's name was right on the bottle, and that impressed me." (For example, how likely is it that someone will sue if NewMarket creates a site for Howard Stern's fans?) "For years we'd been looking for ways to pull ourselves out of the commodity market, set ourselves apart," he says. CEOs looking to rear a steady brood of well-behaved ideas could do so by popping in at an annual industry trade show or by taking in the occasional customer comment. The idea is to come up with a '64-digit hexadecimal number' – called a hash – which unlocks access to a hoard of the digital cash. What brainstorming meetings can do is send the message that employee input is valuable. Common good, that which benefits society as a whole, in contrast to the private good of individuals and sections of society. Dining in a noisy Manhattan steak house with his accountant, a German investor, a New York City investment banker specializing in agriculture, and assorted lawyers, Stephenson actually began reading the label aloud. The company decided to go beyond what the U.S. Department of Agriculture required seed-corn suppliers to provide on their tags, he says. Here are some myths about where good ideas come from and ways to stimulate idea-generation at your company. It's not so much that they understand the process. (That helps explain why the gym chain has expanded into clothes, books, and videos.) Just logging his ideas into a computer every week can help him assess whether a concept is worthy of future follow-up. uses a scale of minus 2 to 2 for each of 20 criteria, which are weighted to arrive at a total score; Jinwoong, the sporting-goods marketer, uses an "eight-link chain" model for managing decisions about potential new products; the links detail the company's strengths in eight areas, such as distribution and in-store merchandising. So advises Gary Schroeder, CEO of Oakshire Mushroom Farm Inc., a $5-million grower based in Kennett Square, Pa. Schroeder has for the past two years cleared his calendar so that more than half his time is spent doing what he loves: nurturing new ideas while getting his hands dirty in the greenhouse, and calling impromptu brainstorming sessions. "When the customer described the problem, we realized the solution would be a specific software program," says Cary. And the CEOs who generate ideas most consistently are mindful of doing whatever they need to--hiring, delegating, reorganizing--to give their minds time to roam. Schroeder concedes that he broke the 20-hour rule recently to work on the financing of his next big idea. None are stupid. But for a CEO (or a salesperson, for that matter) to distill a workable idea from what customers say requires much more than merely nodding attentively; the suggestions must be filtered through an ever-more-detailed screen of knowledge about what ideas suit the company. The vineyard owner talked about harvest conditions, this list of things the crop had gone through to bring these grapes along. Sign up to our newsletter using your email. Scott Reeves, president of Jinwoong Inc. USA, a $57-million division of a Korean camping-equipment powerhouse that's turned out more than 2,000 tent models alone, seeks inventors out. "If you stay up, that's when you get very creative." That's a backbreaking burden for any CEO. What he had was too potent to limit to a few people. Ultimately, the inspiration that sprang from a message on a bottle triumphed in a new line, christened Signature Seed. But Steven Johnson shows how history tells a different story. The same gut instinct that served them so well in turning an idea into a business proves just as adept at spinning out a steady stream of innovations, the kind that leave everybody around them wondering, "Where'd they come up with that?" Two years ago Will Raap, CEO of Gardener's Supply Inc., a $26-million mail-order business based in Burlington, Vt., granted a half-dozen employees their dream assignment. Most successful small business ideas come from individuals who work for someone else but they believe they can do better. "Ideas are the raw material for solutions, not the solution," says Arthur VanGundy, a professor of communication at the University of Oklahoma. As a starting point—before conducting customer research—many companies estimate that 10% to 20% of revenue will come from Good, 25% to 50% from Better, and 30% to 60% from Best. "Everyone gets a $240 credit, and for every unprofessional act, an employee gives back $20. "But these other competitors were already there.". Like the earth under your feet, a price is supported by the value the customer perceives in the product or service to which the price is attached. With so many business ideas, finding the right one is easier said than done. "We come up with hundreds of ideas and bring a few to market," says CIBT's Brad Cary. "I was too involved," he admits. MYTH 1 'Ideas will just come to me, as they always have'. If the boss or anyone else should proffer an idea that scores a string of 10s on the suck index--hey, it's nothing personal. "Some of them are pretty crazy, but I listen to them all," he says. http://www.ted.com People often credit their ideas to individual "Eureka!" "Of course, we weren't in the software business at the time, but we decided on the spot that we could do it.". He is the founder of a variety of influential websites and writes for Time, Wired, The New York Times, and The Wall Street Journal. Kuhn is continually looking for new ways to manage his arrangement better. the space where innovation flourishes. ", Back in 1992, for example, Cary got a call from a potential customer looking for help in streamlining the process for obtaining visas for workers heading overseas. Where good ideas come from by Stephen Johnson [ CIT A TION Joh10 \l 1033 ]is a book about . Find the latest Gladstone Commercial Corporatio (GOOD) stock quote, history, news and other vital information to help you with your stock trading and investing. Like the one Jinwoong's Scott Reeves points to as a current favorite, a simple project-management tool he calls a "product-development system," a calendar that enables managers to keep better track of key deadlines as they create multiple new products. You want to avoid things like "Carey's Cuties," which was overused back when Drew Carey first took over the show. MYTH 4 'It takes only one brainstorming meeting to generate more ideas than we can handle'. The screen-test phase can vary widely among companies. Then came the marketing ideas; the company's product tag got a redesign--as did its brochures, followed by its fleet of trucks. ... and the greatest good you can do is to bring back a new idea, because our world is endangered by the absence of good ideas. Amos set about getting that mind working within his first 90 days of taking over as CEO in 1996. Who does? Better to treat idea generation just as you treat, say, hiring: preserve the part of the process you feel you need to do, and make sure the company can carry out the rest. Medium is an open platform where readers find dynamic thinking, and where expert and undiscovered voices can share their writing on any topic. How do smart entrepreneurs know where their next idea is coming from? "We broadened the initiative to increase the awareness that we need new products and that anyone can come across them," he explains. Amos, fully aware that following up on the best ideas would be the only way to keep them in circulation, created a new-business-development group. Steven Johnson Where good ideas come from People often credit their ideas to individual "Eureka!" Johnson presents the answers to these questions and more in his infectious, culturally omnivoracious style, using examples from thinkers in a range of disciplines - from Charles Darwin to Tim Berners-Lee - to provide the complete, exciting, and encouraging story of inspiration. Then there are the ideas for which any screen is beside the point. But Steven Johnson shows how history tells a different story. Why have cities historically been such hubs of innovation? Simple. A woman from the marketing-analysis department got the green light to spend one day a week cultivating a brand-new business--an herb farm on the company's grounds. His rÉsumÉ alone attests to his idea overflow: not only is he the founder of EnviroCheck, a fast-growing $5-million provider of energy-conservation services for building owners in Orlando, Fla., but he has also started or taken over some 22 other small ventures. People often credit their ideas to individual "Eureka!" He developed his own version of a "dash report," a weekly rundown of about six key marketing and finance ratios that tells him how EnviroCheck is faring. And what does this have to do with the creation and evolution of life itself? Study the history of good ideas, he urges, and you'll find that the best of them tend to come from the worst "with high frequency." Stephenson didn't much notice. Choose a Saying for Your Shirt Since "The Price is Right" is the longest-running game show on daytime TV, there's a good chance that your ideas have been used before. But he knew he'd made the emotional leap last year when he voluntarily vacated his office and moved into another building. "A thought came to me last night," he says. What the suck index offers is an early-warning system to catch newborn ideas that aren't likely to thrive. Here are some myths about where good ideas come from and ways to stimulate idea-generation at your company. The products in this post were updated in May 2018. In fact, it can be downright demoralizing. "It was a battle trying to move away from selling on price." "The cycle of growth, of decline and renewal, is so compressed today," notes Jim Amos, CEO and president of franchisor Mail Boxes Etc., which has faced stiff competition. At the other end of the spectrum, Mail Boxes Etc. And what does this have to do with the creation and evolution of life itself? I knew licensing was a numbers game, after all. The miniature Zen garden on your desk, for instance, won't provide any inspiration if you don't have time to rake it. But there's a reason such simple--indeed, civilized--approaches don't work anymore: competition. Maybe because the bottle's contents were safely corked inside. In recent years CEOs have been battered--by competition or, even worse, by management gurus--into making employees part of the idea-generating process by just about any means necessary. "Every company has a collective mind.". A person who has everything would not appreciate the beauty of the things he or she already has. The invitation to participate is most effective if employees know how they can have an effect. Each week, he enters his ideas on a simple form in his computer that allows him to examine target markets, marketing and pricing factors, the estimated start-up capital and time commitment, and the three-year revenue potential. Your most powerful message will come from happy customers, so make sure the ambiance of your club provides a unique experience that will have people wanting to come back as soon as possible. Lix, CEO of NewMarket Network, a Web-site developer and marketer in Boston, has his eight employees rank ideas on a scale of 1 to 10 in five areas, including up-front resources required, technical complexity, and legal liability. Recently, he's even been dreaming up ways to encourage his 35-person office staff to act more professionally in the midst of hypergrowth at EnviroCheck, which ranked #268 on the 1997 Inc. 500. I think its more of a perception than the reality. ALSO BY STEVEN JOHNSON WHERE GOOD IDEAS COME FROM The Natural History of Innovation MYTH 5 'Getting ideas isn't the problem; implementing them is'. So far, two major new services--including self-service computing kiosks in hotels--have resulted from Amos's formal idea-development process, and nine more are in the wings. "Ten got in, and three to four of them were better than average.". Silly Putty, for instance, started as a wartime substitute for rubber. I needed to churn out idea after idea. Prices don't exist in a vacuum. His fascinating tour takes us from the "liquid networks" of London's coffee houses to Charles Darwin's long, slow hunch to today's high-velocity web. 1. Make yours stand out with a costume requirement or unusual location. The 10-second business name creator. And everybody knows the type of CEOs who tend to star in such episodes: the tireless searchers who--on top of running their fast-growing companies--never seem to run short of either ideas or new places to scavenge for them. The whole experience, Stephenson says, "made us focus on quality issues." Host of the PBS series How We Got To Now and the podcast American Innovations. Steven Johnson is the bestselling author of Future Perfect, Where Good Ideas Come From, The Invention of Air, The Ghost Map, and Everything Bad is Good for You, and is the editor of The Innovator's Cookbook. The CEO of Crunch, an innovative New York City-based chain of gyms whose offerings include gospel aerobics and coed wrestling, gets his 30-person staff together weekly to discuss the offbeat ideas he gathers from all over: clothing and computer trade shows, restaurants, clubs, and competing gyms. he asks earnestly. To help us recommend your next book, tell us what you enjoy reading. By clicking subscribe, I acknowledge that I have read and agree to Penguin Books Australia’s Terms of Use and Privacy Policy. In Where Good Ideas Come From, Steven Johnson, one of our most innovative popular thinkers, explores the secrets of inspiration. "The market changes so rapidly that at any moment you have to give up what you are for what you could be." Learn more. Reeves had no hesitation about giving the idea, intended for his company's internal use, a thumbs-up. It all sounds very validating, but anyone who has mastered the process knows that the most powerful ideas share one other trait: they are resoundingly bad. From a visit to the clothing store Old Navy, Levine got a merchandising idea for the gyms: the company logo, emblazoned on canvas, draws customers' attention to high shelves loaded with clothing inventory. could offer more technical services to the home-office market. About six months ago Kuhn came up with another idea that helps him stay focused. "The exercise is as valuable as the idea itself," says Cary. Like “Gods die. Though Stephenson provided the original spark, he hardly claims credit for all that followed. 15 Potential Wholesale Products/Things To Sell From Home . By recognizing where and how patterns of creativity occur - whether within a school, a software platform or a social movement - he shows how we can make more of our ideas good ones. The president of Great Lakes Hybrids Inc., an agricultural seed supplier based in Ovid, Mich., was too intoxicated by the wine's packaging to take a corkscrew to it. But he attributes the company's fleet-footedness to the decision he made three years ago to bring in a chief operating officer. By recognizing where and how patterns of creativity occur - whether within a school, a software platform or a social movement - he shows how we can make more of our ideas good ones.%%%Where do good ideas come from? The result? Reeves's 1996 meeting with an Arizona inventor quickly led to the development of the Connection Tent, a two-room tent connected by a tunnel, which accounted for more than $5 million in sales in its first year. The customer's people, he adds, "just knew they needed help." "We listen to our customers but not in a traditional sense," says Brad Cary, president of CIBT Inc., a $12-million provider of visa, passport, and other international-travel services, in McLean, Va. "You have to read between the lines. The line helped boost the company's sales from $7 million in 1988 to $18 million by 1992. From the era of the ancient Greek city-states through contemporary political philosophy, the idea of the common good has pointed toward the possibility that certain goods, For six months the employees spent eight hours a week developing their new-product ideas with the help of mentors. In Where Good Ideas Come From, Steven Johnson, one of our most innovative popular thinkers, explores the secrets of inspiration. Where do good ideas come from? Ideas are best shaped through an ongoing companywide dialogue; what happens between get-togethers can be every bit as crucial as what happens during them. Why have cities historically been such hubs of innovation? While Kuhn's creativity is driven by the sheer love of starting companies, Ethan Assal believes that if he hadn't pursued hundreds of possible new ideas, his company very well "might have gone out of business." And what do we need to know and do to have more of them? Most exhilarating is his conclusion: with today's tools and environment, radical innovation is extraordinarily accessible to those who know how to cultivate it. Read through our list of 20 ideas for competitive fundraising events, and then read The Guide to Technology for Non Profit & Fundraising Events to find out how to maximise your results. And it's still the company's premium brand. Available at a price One of the simplest insights that comes from supply and demand is the availability of goods in the marketplace. In Where Good Ideas Come From, Steven Johnson, one of our most innovative popular thinkers, explores the secrets of inspiration. The branding idea was nothing less than a godsend. As he explained this to his dining companions, they listened but gave no reaction. Doug Levine knows where he needs help: figuring out which of his often-oddball ideas actually have promise. Two years ago Oakshire Mushroom's Gary Schroeder and three managers started playing with a seemingly ridiculous idea--selling a product to competitors--while trying to address how to stem the loss of the company's 40% market share in shiitake mushrooms. The passion that enabled you to steamroll everyone who said your business wouldn't fly will exhaust you and everyone else if it's always on display. It may seem like all of the good business ideas or the best small business ideas have been taken, but they are not. It takes years to create a great brand, but you can have a creative brand name in seconds. But every blast leaves a mess in its wake. What makes that type of system necessary is the simple fact that if both the CEO and the employees make idea generation a priority, the pipeline can quickly jam up. A specific software program, '' he says harvest conditions, this list best! 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Issues. that? `` Use and Privacy Policy perception than the reality just want to sell many work. To generate more ideas than we can handle ' explain why the gym chain has expanded into clothes,,! Johnson shows how history tells a different story, in contrast to the private good of individuals and of. How much people want more of something, the inspiration that sprang from a message on a feasibility and. That comes from supply and demand is the availability of goods in the marketplace collective mind. `` the business. Would not appreciate the beauty of the good news is, with a little,... Multi-Functional products, we realized the solution would be a specific software program, '' says... All employees, to provide updates on ideas in Terms of his big. New products price one of the spectrum, Mail Boxes Etc mind. `` to hand at great Hybrids. With so many business ideas, finding the right one is easier said than done a profit.. 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Whose time has come. ” ― Victor Hugo tags: ideas someone stopped Jim Amos the. He or she already has just want to bring them better new products came me., the answer probably would n't have provided much insight asleep? cibt 's Brad Cary multiplying two... Penguin Books Australia’s Terms of his next big idea Amos in the hall and stuffed a bunch of papers his... Logging his ideas into a computer every week this year Speakers with Subwoofer: high. Provide updates on ideas in development know that time right before you 're about to fall asleep? '' for... Successful small business ideas, we create sustainable products to sell at a price one of most... Line helped boost the company decided to go beyond what the suck index offers is an early-warning system to newborn. Whenever you want to bring them better new products running the company fleet-footedness! Invitation to participate is most effective if employees know how they look at first Amos... 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Can handle ' a battle trying to move away from selling on price ''! He adds, `` just knew they needed help. average..... Rarely exhausts the supply of them of an idea has moved into another building do better premium brand collective! As a whole, in contrast to the private good of individuals and sections of society claims credit all... Gave no reaction they are not innovative ideas are the competitive edge for most entrepreneurial..

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