Innovation Almost Bankrupted LEGO—Until It Rebuilt with a Better BlueprintKnowledge@Wharton • July 18, 2012 Curb your enthusiasm. This cautionary tale of LEGO Group's near-death experience provides a close-up view of an industry icon in innovation overdrive. In the early 2000s, the company faced a maturing customer base, foreign competition and a changing distribution environment. Its response was an unfocused innovation frenzy that depleted its bank account and worker morale. Read on to find out how LEGO pulled back from the brink. They did all the hard things by the book and still flew pretty close to the ground. The strength of their brand is remarkable. I remember when their patent finally expired, I presented my daughter with a huge barrel of knock-off snap bricks (1/3 the price) adequate to build a house for the family's small dog (an unexplained obsession of hers). The barrel went unopened—"These aren't LEGOs." Here's a fascinating story about the fearlessness of the CEO of the first LEGO competitor Mega Bloks. (Michalko) Digital-First Companies Thrive on Mobile Disruption. Everyone Else Struggles. | ||||||||||||||||||||||
The Bookless Library
The New Republic • July 12, 2012
Get used to it. David Bell's essay provides a thoughtful counterpoint to the current hand-wringing over the library-transformed-into-internet-café scenario. The bottom line: it's always better to change oneself before someone else decides to do it for you.
Bell describes a variety of alternate library futures using the NYPL Central Library Plan as a jumping off place. If this hasn't come across your horizon then take the time to read it. It's interesting to see what this Princeton history professor regards as the enduring values contributed by libraries to society and alternate ways they might be delivered. What he thinks worthy of preserving—expertise, communal functions, specialized collections, and access—are the areas where a lot of libraries are focusing their efforts in order to continue to deliver value to their communities. They were, in fact, the themes of our Libraries Rebound event earlier this summer (videos, slides, blog entries related to the event are all now on the event site). (Michalko)
Above the Fold Quiz
According to an item in this week's News and Views section, Wikipedia is not an encyclopedia of truth but rather an encyclopedia of what?

