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Building upon his early experience at AT&T Bell Labs, he has created and led a series of fundamental innovations, from early technology to final implementation in the market. [.]. He received a BS degree in Materials Science and Engineering in 1985 from MIT and his PhD in the same discipline from Cornell University in 1989.
In an adjacent office was a colleague who had written something like 12 books and was an internationally recognized scholar in the area of organizational innovation. Robert Merton was 46 when he won the award. Merton had the office on the other side of my office. He had a beautiful summer house near Cape Cod.
Todd Henry is the founder and CEO of Accidental Creative, a company that helps creative people and teams generate brilliant ideas. He regularly speaks and consults with companies, both large and small, about how to develop practices and systems that lead to everyday brilliance.
Thomas Merton, the famous Trappist monk and Catholic scribe wrote, "A monk is a man who has given up everything in order to possess everything. Thomas Merton's abbey at Gethsemane sells cheese, and in the 160 years since it was founded it has grown from 44 monks to precisely 65. We have an inadequate supply of saints.
Merton and Elinor Barber.). So how might serendipity help us refine our understanding of innovation? Innovation is as much about looking at the past as it is about anticipating the future. For more on the curious history of the word "serendipity," dip into The Travels and Adventures of Serendipity by Robert K. History matters.
I was thinking about that story by Thomas Merton during a recent board meeting. Minority viewpoints have been proven to aid the quality of decision making in juries, by teams, and for the purpose of innovation. Nilofer Merchant is a corporate advisor and speaker on innovation methods. But it's a skill worth pursuing.
In slightly more formal terms, Id suggest that they were able to take on, at least in tiny part, five of Robert Merton and Zvi Bodies six standard functions of a financial system: settling payments, providing information, setting incentives, pooling resources, and transferring resources.
Walker’s innovation was to bind travelers to pay the prices they bid if the airlines and hoteliers on Priceline accepted the offers. That way, travelers took their offers much more seriously than if they simply could “name their price” without any purchase obligation. Admittedly, better pricing of options has been a mixed blessing.
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