You cannot have an effective strategy without innovation and you cannot have useful innovation without creating the structure that comes with strategy. You need both! Video Transcript: Should your strategy include innovation? Yes, yes, and as many yeses as possible. Because, again, you are not developing or executing strategy without a goal. The goal is…
In helping businesses and leaders build their innovation abilities, I see certain traits that stifle innovation again and again. Whether they surface in an individual leader or employee, or afflict the organization as a whole, these repeating issues become a hindrance to future success. Here are 12 enemies of successful innovation to avoid on your…
Learning how to pivot is a critical skill for leaders and innovators who will undoubtedly experience uncontrollable circumstances. What happens when you run an experiment and the outcome is not what you had planned? One of the traps of experimentation is expecting the testing to validate your thinking. It is natural to want the experiment…
The pandemic has given us all an opportunity to build a new business future. Market disruption equals opportunity for those willing to look and work for it. This is the time to adjust and innovate your business model to market conditions. During COVID and the VUCA season it has created, we have seen ample reason…
90 Seconds of Innovation Podcast · What Are You Worried About? Innovation expert Dr. Evans Baiya says to make a list of the things you’re worried about in order to prioritize what needs to be done. You can then create opportunities from those worries. Episode Transcript What are you worried about? I’m sure you’re…
Embracing the latest technology can help companies advance their processes, expand to new markets, improve customer experiences, and even attract younger employees. But what do you do when even the best technology on the market doesn’t quite meet your company’s needs? Many CEOs are opting to transform their organizations by developing new technologies in-house. Companies…
So much has changed because of COVID-19, including the needs of your current and potential customers. Now more than ever, companies should be listening to their customers. One of the keys to recovery is truly understanding what your customers need and adapting your offering(s) to their requirements. Your ability to listen will become key to…
The collective brainpower of every employee is a great tool and one you have right at your fingertips. In my work, I hear a lot of reasons why people don’t engage in innovation: “That’s not part of my job description.” “I’m not an idea person.” “Innovation doesn’t really apply to my industry.” “We don’t need…
While the pandemic has been difficult for all us economically, as business owners, we never run out of opportunities. No matter the business climate, there is always a chance to do something new and something better—you just have to find it. This has never proven truer than now, with the way business has been forced…
The single most important mandate of innovation is to create new value. Similarly, one of the mandates of entrepreneurialism is to deliver value. Yet, innovation and entrepreneurialism are not necessarily the same. As a matter of fact, they are two different subject areas that require distinctive mindsets, skills, passions, and behaviors. One of the biggest…
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