InsulinInsulin keeps diabetics alive. Banting and Best discovered insulin, winning them the Nobel Prize. Banting stole most of the credit, but historians argue they co-discovered insulin together. They won the Nobel Prize together. Banting despised Best and the two never spoke again. To continue his work, Banting received a lifetime annuity by the Canadian government. … Continue reading "Insulin"
Wireless Remote Control1898 Nikola Tesla Only four years after the invention of radio and over a decade before voice was transmitted over radio, Nikola Tesla invented the remote control. In 1898, he demonstrated his remote control with a radio-controlled boat at an exhibition in Madison Square Garden. Realizing that people would not understand the idea of a … Continue reading "Wireless Remote Control"
- Blue Ocean Strategy Basics – Making Competition Irrelevant
A different way of thinking. It’s right there on the front of the jacket of the book Blue Ocean Strategy, “How to Create Uncontested Market Space and Make the Competition Irrelevant.” It’s also one of the most misunderstood concepts of blue ocean strategy. I’ve been working on blue ocean strategy since 2001, when it was … Continue reading "Blue Ocean Strategy Basics – Making Competition Irrelevant"
Tetraethyllead (Leaded Gasoline)Leaded gasoline prevented engine ping, making driving safer and more pleasant. Correspondingly, it also caused an enormous amount of extremely toxic pollution. Working for GM under the direct supervision of Charles Kettering at Dayton Research Laboratory, Midgley discovered the benefits of adding lead to gasoline. They named their innovation Tetraethyllead, avoiding any mention of lead, … Continue reading "Tetraethyllead (Leaded Gasoline)"
Portland Cement1843 Joseph AspdinWilliam AspdinWilliam Beverley Portland cement is modern cement. It’s admittedly dull — unless being used on dilapidated ships by mobsters for shoes — but extremely useful with more mainstream uses. Portland cement is used to make buildings, stadiums, stairs, sidewalks, foundations, and shares the unfortunate honor of being the enabler of brutalist architecture. … Continue reading "Portland Cement"
CanningLike refrigeration, invented a year earlier, this is another way to preserve food. All the sudden items available only for a certain portion of the year could be reliably preserved for far longer. This lowered the cost and increased the availability of food. Appert is a Frenchman who perfected caning. Napoleon needed a consistent way … Continue reading "Canning"
Integrated Circuits (Microchips)In early electronic computers, each circuit involved a vacuum tube. They were large, relatively slow, and consumed a lot of power. Shockley, Brattain, and Bardeen created the semiconductor. Their circuits eliminated the need for vacuum tubes. Kilby and Noyce discovered that semiconducting material held burned-in semiconductor circuits. Their printed circuits worked like the much larger … Continue reading "Integrated Circuits (Microchips)"
RailroadRailroads vastly lowered the cost of moving people and goods over land. Richard Trevithick invented the locomotive engine. However, he never quite created a fully functioning railroad: Trevithick’s locomotive was a literal circus act, pulling children around a track at a circus. His core innovation was the idea of a high-pressure steam engine. Prior steam … Continue reading "Railroad"
Steam TurbineIn much the same way that Watt’s condensing steam engine vastly increased the value of Newcomen’s engine, the steam turbine vastly improved the value of Edison’s electric factory. Steam turbines allow steam, generated by heating water, to efficiently turn generators, usually to make electricity. In addition to steam, water (ex: waterfalls) or wind (ex: windmills) … Continue reading "Steam Turbine"
- Blue Ocean Strategy Basics – Buyer Experience Cycle
Put yourself in the shoes of your buyer The Buyer Experience Cycle (BEC) is a superficially short and often overlooked blue ocean exercise. In the books, tutorials, and even the tool itself, the BEC is always coupled with the Buyer Utility Map though they’re separate parts of the exercise. In short, the BEC is a … Continue reading "Blue Ocean Strategy Basics – Buyer Experience Cycle"
Rotary Printing Press (Web Offset)Rotary web printing presses revolutionized newspaper publishing. The technology enabled larger, faster newspaper printing at a far lower cost. However, digital distribution of news via the world wide web has dramatically decreased demand for paper newspapers. Hoe’s web press printed in a continuous sheet, a roll, then machines cut the paper into sheets. When connected … Continue reading "Rotary Printing Press (Web Offset)"
Nuclear WeaponsCaltech professor Robert Oppenheimer lead a team of researchers at Los Alamos to invent the atomic bomb. Along with some of the most noteworthy physicists in the world, he oversaw the development of the nuclear bomb. The Manhattan Project, like the code-breaking at Bletchley Park, was intensely secretive. Los Alamos, in New Mexico, was built … Continue reading "Nuclear Weapons"
Roll Film & Roll Film CameraKodak’s original camera contained plates. Later versions contained one-hundred exposures; customers would take their pictures, mail in their camera, and the company mailed back developed pictures and a refilled camera. Roll film changed all that, vastly lowering the cost and complexity of photography and eventually enabling the creation of movie film. Ordinary people could purchase … Continue reading "Roll Film & Roll Film Camera"
Cordless ToolsIn 1895, C&E Fein, a German company, invented the first electric tool. It was a handheld drill weighing 16.5 pounds. The drill was underpowered because it ran on DC electricity. It also required two people to operate. In 1910, Duncan Black sold his car for $600 and used the funds to open a machine shop … Continue reading "Cordless Tools"
Transatlantic CablesTransatlantic cables shrunk the world, vastly increasing the speed and lowering the cost of intercontinental communications. The first cable functioned only a few weeks. Transmissions, in Morse Code, were especially slow. Field, as a young businessman, joined a paper company that failed six months later. Despite his status as a young employee, with no responsibility … Continue reading "Transatlantic Cables"