90 Seconds of Innovation Podcast · What Exactly is Innovation? Dr. Evans Baiya explores the definition of innovation and why it matters. Episode Transcript: We need to have a clear definition of what innovation is. For us, after all the work we have done over the years, we have simplified the definition of innovation…
What we can learn from Peloton about creating a resilient strategy The idea of creating a resilient strategy seems to come up in conversation again and again these days. It’s certainly a sign of the times that Optimizing Strategy for Results, my latest book co-authored with Ron Price and Professor Timothy Waema, is launching…
Creating a long-lasting strategic foundation for your organization is not easy. Many leaders struggle in creating a successful strategy—often because the organization’s purpose is not clear. A good strategy offers clarity to stakeholders, both on what the company is doing and where it plans to go in the future. If the path is clear, measuring…
Avoid these four communication landmines as you navigate the stages of innovation. Innovation can sometimes feel like a winding journey that includes steps forward, backward, and sideways. There are even landmines along the way that can stall or derail the process. These landmines are often communication points that, if not properly structured, will cause dysfunction,…
Should leaders expect innovation from their employees? It’s a common misconception that innovation is not a part of everyone’s job—but you can become a more innovative employee. Every day, employees have the opportunity to solve a problem. Otherwise, why would they be at work? Organizations hire employees for positions that each have specific purposes and…
How to help everyone find their role in creating innovation. Does this innovation challenge sound familiar? Your team leaders and managers acknowledge the importance of innovation and even sing its praises— but if you ask them how they routinely champion innovation within their teams, you might get crickets. The problem is that most people managers,…
Here is a seven-point plan to create and sustain a culture of innovation. Your company is one disruption away from becoming irrelevant. A few years ago, I spoke at a conference where I told the leaders in attendance this exact statement. It struck a chord with one attendee: the chief innovation officer of the Great…
Data can be a powerful enabler for innovation, but when used incorrectly, it can be a paralyzing force. It’s a critical component in measuring and understanding the need for innovation—if you cannot measure something, you cannot improve it. Whether you collect data based on historical perspectives or through experiments, it can bring the insights needed…
Many companies find it hard to prioritize ideation. Here are five ways to break the pattern and gather a wealth of ideas for your organization. In today’s rapidly changing world, it’s easy to think that most companies are innovation factories—full of ideas for new products, services, and processes. They need to be, right? Unfortunately, the…
Why do companies innovate? If you ask this of any company leadership, they will offer many reasons: “Because of our competition. Because of inspiration or motivation. Because our employees or shareholders want it.” The problem is, many leaders do not think about innovation during strategy creation. It’s a huge missed opportunity. Leaders often want innovation,…
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