Winning the Explore and Exploit Game

So we come to the ultimate post on explore and exploit, at least for now. In past posts we’ve looked at the origin of explore and exploit, the emergence of true innovation explorers like Edison, Bell and a host of others. We’ve noticed the rise of the corporation to exploit the discoveries of said explorers. Last but not least we ...

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The Window of Corporate Innovation Opportunity

One issue has been on my mind for quite some time. Let me share with you a key learning from my innovation work in and with diverse companies over the years. It can be termed pretty catchy as: Window of Corporate Opportunity. In brief, this notion can be delineated as follows: Sustainable, effective and impactful corporate innovation is all about right timing ...

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Great Ideas are NOT Accidental!

In 2010, I had an idea for a new product for the company I worked for. I had put together a business plan and presented it to the company’s CEO. A week later I presented it to the board of directors. My presentation was very well received, and the directors described the product as very innovative and “life-altering” for the ...

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The Courage To Speak Up

If you see things differently than others, congratulations. You’re thinking for yourself. If you find yourself pressured into thinking like everyone else, that’s a sign your opinion threatens. It’s too powerful to be dismissed out-of-hand, and that’s why they want to shut you up. If the status quo is angered by your theory, you’re likely onto something. Stick to your ...

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How To Stay Relevant In Complex Changing Times

We’re all familiar with the old phrase “what got me here, is not going to get me there”, and this is even more important when things are moving so fast and changing so quickly. The things that got us to success yesterday, or even today, aren’t working anymore, or they’re not working as well as they used to be. A ...

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How To Build An Ecosystem Strategy

By 1980, IBM had hit an inflection point. It had already missed out on the minicomputer revolution. Now, with new, even smaller “microcomputers” evolving into a growing market, it was about to miss out again. So it set up a “skunk works” in Boca Raton, FL and, in less than a year, launched the IBM PC. Today, at the end ...

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 #KnowWhereYourFoodComesFrom – Freville Farm Integrates Physical & Digital Advocacy

Freville Farm’s mantra is #KnowWhereYourFoodComesFrom. Sarah Friedman, founder of Freville Farm, a small farm that produces small batch food in the Hudson Valley, wants to encourage more public dialogue around food, sustainability, and the future of small farms. Farms are the ultimate creative physical environments, and Friedman, a former photographer, invites the public to experience life on the Freville Farm daily ...

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Why Sick Care Innovation Centers Don’t Deliver

If you work for a big, established company, you’ve probably been noticing the sudden rise of a new trend: the innovation lab. Companies as diverse as Delta Air Lines, Target, Google, Pfizer, Marriott, Autodesk, Fidelity Investments, Ford, Verizon, and Stanley Black & Decker are jumping on the bandwagon. Most don’t deliver. Open innovation labs like this bring The Garage Experience inside the four walls of ...

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The Future of Explore and Exploit

In my last two posts I examined the origin of explore and exploit, and where it has taken us so far in the innovation space. In this post I want to explore why everything we believe about explore and exploit from a strategic and business model perspective is increasingly wrong, and what innovators and strategists need to do now in ...

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Five New Innovation Books for the Holidays

As the holiday season in the US gets underway, I habitually look back on what I’ve learnt over the previous year.  An important part of that is always what I’ve read, and in the festive spirit of sharing, here are five books that greatly influenced me in 2019.  None are strictly ‘Innovation books’.  Instead they contain insights that I think ...

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