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The Five Characteristics of Successful Innovators

There is not much agreement about what makes an idea innovative, and what makes an innovative idea valuable. For example, discussions on whether the internet is a better invention than the wheel are more likely to reveal personal preferences than logical argumentation. Likewise, experts disagree on the type and level of innovation that is most beneficial for organizations. Somestudiessuggest that radical innovation (which does sound sexy) confers sustainable competitive advantages, butothersshow that “mild” innovation – think iPhone 5 rather than the original iPhone – is generally more effective, not least because it reduces market uncertainty. There is also inconclusive evidence on whether we should pay attention to consumers’ views, with somestudiesshowing that a customer focus is detrimental for innovation because it equates to playing catch-up, butothersarguing for it. Even Henry Ford’s famous quote on the subject – “if I had asked people what they wanted, they would have said fast…

Windlab, Eurus Plan $102M Australia Hybrid Wind, Solar Farm

Windlab Ltd. and Eurus Energy Holdings Corp. plan to build a A$140 million ($102 million) wind and solar energy park in the Australian state of Queensland.

The Kennedy Energy Park plant will be the first large-scale hybrid solar and wind park in Australia, Canberra-based Windlab said in a statement posted on its website. Construction is expected to start after June next year.

The companies will install six wind turbines and 64,000 solar panels in the first stage of the project, according to the statement. Successful completion of the first stage may lead to adding 1,200 MW of clean energy capacity, Windlab said in the statement.


The Kennedy Energy Park follows an announcement earlier this year of a 20 MW wind project in Victoria that Windlab and Eurus are building together. Eurus, a Tokyo-based clean energy developer, is a venture between Toyota Tsusho Corp. and Tokyo Electric Power Co.

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