Welcome to the New Normal...
Henry Ford's vision was to build a car that anyone could afford. December 1, 1913, Henry Ford installed the first moving assembly line. Already able to build cars faster than his 100 competitors, Ford reduced the build time to a Model-T from 12 hours to 2.5 hours. Within the decade, Ford Motor Cars was building half the world's automobiles.
Move forward 62 years, Bill Gates had a similar vision of a computer on every desktop.
What Henry Ford and Bill Gates did was, combine good ideas and stable technologies into something . In the process, made these industries unrecognizable to the original builders of the industry.
Combinatorial Innovation is the process of combining good ideas and stable technologies in novel ways. With the ultimate objective of developing a competitive advantage.
The first technology coming out of the pandemic is an old one, Telecommuting. A term coined in 1975. Despite the benefit to the business, and the investment software companies have made building telecommuting software (Companies like Microsoft Cisco, Google, Zoom and many other companies) has never saturated 15% of the business workforce. Yet without telecommuting technologies, there would be far fewer people working. While millions of square feet of office space go unused, people working from home are helping keep small, mid and Enterprise companies in business.
Post-Pandemic, how many companies will question the decision to invest in more office space? Especially when employees from across the nation can work and collaborate, using telecommuting technologies, without the need to invest in spaces for a large information workforces.
Obviously, this is just one example. There will be more business and technical innovation coming out post pandemic. We are helping develop innovation in the Engineering, Medical, Business Transition, small manufacturing and warehousing communities. Maybe we can help you too. To learn more, contact the CEO, email@example.com
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Executive Outliers is a business consulting firm specializing in workforce productivity through technology Innovation.
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Contact us directly if your company is ready to Thrive in the "New normal."