In sitting around a conference table with colleagues pondering the most innovative organisations in the world, ideas conjured up would likely include Google, Apple, Safaricom, Facebook, Tesla, Amazon, Alibaba, etc. What do all these firms have in common? They all represent for-profit companies.
Google’s simplified unique search innovation propelled to global dominance. Apple’s touchscreen concept revolutionised phone handsets. Safaricom’s M-Pesa and M-Shwari changed how the world saw financial payments technology. Tesla launched the electronic car competition craze among automobile makers. Amazon disrupted retail distribution chains. Alibaba took ecommerce to multi-industry dominance.