Multinational CorporationA Nightmare, in Real Life Picture the entire Fortune 500 combined into one large company. The company manufactures everything imaginable with monopolies in cotton, silk, dyes, salts, spices, and tea. Not only do they have near-monopolies in gunpowder but also weaponizes opium, giving away free samples to encourage dependency. Basically, their only moral is to … Continue reading "Multinational Corporation"
About MichaelInnowiki founding member Michael Olenick is currently an executive fellow at the INSEAD Blue Ocean Strategy Institute, on the Fontainebleau, France campus. Michael has worked closely with Chan Kim and Renée Mauborgne since 2001, before the book Blue Ocean Strategy came out in 2005, when it was articles in Harvard Business Review. Michael learned about … Continue reading "About Michael"
Water Frame Spinner / Modern FactoryRichard Arkwright’s Water Frame Spinner created factories that did not require highly skilled labor. Women and children, with no training, worked in factories that churned out low-cost good enough quality fabric at high volumes. This vastly lowered the cost of fabric. Arkwright was from a poor family: his father was a tailor. He improved on … Continue reading "Water Frame Spinner / Modern Factory"
Modern AdvertisingBefore Albert Lasker advertisements tended to be crude, raising awareness or reinforcing a brand name. Many ads were not much more than offers to purchase something, with no overarching idea. Lasker used the emerging science of psychology and budding technology of radio to radically change advertising. Background Born in Germany, Lasker moved to the US … Continue reading "Modern Advertising"
Frozen FoodFather of frozen food Clarence “Bob” “Bugs” Birdseye was first and foremost a naturalist. Birdseye collected countless insects, opened a taxidermy service in his teens, and worked at the United States Agriculture Department through his early years. While working with the Inuit in Canada he learned that fish in -40C weather would almost instantly freeze … Continue reading "Frozen Food"
Just-In-Time ManufacturingJust in time manufacturing delivers the parts required to complete a product shortly before they are needed. Accordingly, this vastly reduces inventory cost while typically increasing quality by aligning the manufacturing needs of part suppliers and the final manufacturer. Background Toyota engineer Taiichi Ohno needed a better way to manufacture. Specifically, efficiency was low and … Continue reading "Just-In-Time Manufacturing"
Viagra (Sildenafil)It’s hard to write seriously about Viagra. No sooner did the drug help erectile dysfunction than it opened the opportunity for countless puns. Additionally, the name of co-inventor Albert Wood worsens the situation. However, in hindsight, Viagra cured a serious problem. Background Wood and Viagra co-inventor Peter Dunn were working on a blood pressure medicine. … Continue reading "Viagra (Sildenafil)"
Electronic Airline Reservation System (SABRE)As the Cold War heated up during the 1950s, the United States installed an enormous number of missiles, radars, and nuclear weapons to track and respond to nuclear war. WWII radars were good enough for propeller planes but the delay between detection and analysis proved too slow for jet engines and missiles. SAGE As the … Continue reading "Electronic Airline Reservation System (SABRE)"
Modern Computing v1: The Mother of All Demos.On December 9, 1968, the modern world was born. Background Douglas Engelbart, working for the Stanford Research Institute (SRI) showed the future of modern computing to a roomful of people that, for the most part, understood virtually none of it. In a tour de force, Engelbart introduced the world to video conferencing, teleconferencing, hypertext, word … Continue reading "Modern Computing v1: The Mother of All Demos."
Peer-To-Peer File Sharing (Napster)File sharing allows one computer to connect anonymously with others, sending and receiving files. Most files were single-track MP3s of copyright music. Background The original theory was that because mixtapes were legal then noncommercial “sharing” of any music was legal. The legality of mixtapes, a collection of songs from other tapes, stems from a US … Continue reading "Peer-To-Peer File Sharing (Napster)"
Rechargeable Battery1859 Frenchman Gaston Planté invented the lead-acid rechargeable battery. In the early years, his battery lacked commercial value. Planté’s battery stored electricity and recharged easily but tended to release the electric in enormous bursts that, at the time, offered limited utility value. Before the Planté battery was the Voltaic Pile and later derivatives. These were … Continue reading "Rechargeable Battery"
Photocopiers“Xerography was an invention we didn’t know we needed until, suddenly, we didn’t know how we lived without it.” Carlson biographer David Owen Chester Carlson Chester Carlson had a childhood nobody would want to copy. His father was perennially ill and poor. Mom, dad, and young Chester lived in a leaky hut in Mexico until … Continue reading "Photocopiers"
Locomotive (High-Pressure Steam Engine)The high-pressure steam engine was invented about the same time by Richard Trevithick in the UK and Oliver Evans in the US. Neither man knew about the other. Richard Trevithick Trevithick, a mining engineer, built a high-pressure steam-powered car, the “Puffing Devil,” in 1801, taking it for a ride around town, picking up friends. He … Continue reading "Locomotive (High-Pressure Steam Engine)"
DynamiteDynamite blows up otherwise difficult to move things, like boulders, mountains, and bedrock. It lowers the cost of removing rocks to make level land and tunnels, railroads, roads, and enables foundations for skyscrapers. In 1847 chemists Théophile-Jules Pelouze and Ascanio Sobrero had synthesized nitroglycerin but the chemical was unstable and difficult to harness. Nobel encased … Continue reading "Dynamite"
- Fourdrinier Paper Making Machine
Fourdrinier machines transform wood pulp into enormous rolls of paper. They vastly reduced the manufacturing cost and, subsequently, the price of paper. Even the smallest Fourdrinier machine is massive and requires an enormous amount of water. Frenchman Louis Roberts invented the papermaking machine. His friend and confidant, Sealy Fourdrinier, patented and commercialized the technology in … Continue reading "Fourdrinier Paper Making Machine"
