Cooperation for Innovation

One of my Polish agricultural machinery clients was having a hard time. His budget for marketing had been halved, even though his sales targets were maintained at growth rate. I had a lengthy conversation with him about options in cooperation. The trick is to find another party that is complementary in product, market or brand, some business with a similar ...

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Don’t Make These Fundraising Mistakes

Raising money is hard, whether it be for a for profit or not for profit. You will need a plan and the right people to do it. For most entrepreneurs, it is a full time consideration. If you plan to raise money, here are some mistakes to avoid: Not having a capital raising plan Not learning how to tell your ...

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This Army Colonel Is Helping Large Enterprises Innovate Like Lean Startups

Since the turn of the century, the US Military has been continually disrupted. Traditionally it was designed to fight conventional wars against great adversaries. Yet since 9/11 it has found itself fighting networks of loosely connected small groups that are able to continually evolve their tactics. That’s a very different kind of battle. It’s a situation that most executives at ...

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The Leadership Gap in Innovation

the leadership gap

A vast majority of executives, more than 80% according to sources, consider innovation to be paramount for the future success of their organization. Yet, very few of them are succeeding in it. A McKinsey study, for example, puts the number of executives who are satisfied with their innovation performance at 6%. There’s clearly a huge gap between expectations and actual ...

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This Robot Video Will Show You Why It’s So Hard To Predict The Future

If the threat of AI and Robots frightens you then you’re probably leaving out some very important math. If you’ve been following the work of Boston Dynamics (currently owned by Softbank) you’ve probably seen some of their four legged and wheeled robots which are able to navigate all sorts of obstacles and remain standing after being kicked, shoved, and pushed. ...

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What’s Your Problem?

If you don’t have a problem, you’ve got a big problem. It’s important to know where a problem happens, but also when it happens. Solutions are 90% defining and the other half is solving. To solve a problem, you’ve got to understand things as they are. Before you start solving a new problem, solve the one you have now. It’s ...

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Bringing Agile Innovation into the Stage Gate Process

Everyone is talking about how to speed up their innovation process. Or, at least make it more efficient. It is the current hot topic, especially amongst the multinational Goliaths. And with good reason… Starts-ups and digital business models are proving over and over again that they are winning at the innovation game. And this is all through their adoption of ...

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The Sick Care Entrepreneur’s Guide to 2019

Here were my entrepreneural goals for 2018 which, I suspect, won’t change much from year to year. The good news is I still make my bed every morning. If you are are a physician entrepreneur, 2019 will be another year of opportunity. In order to create user defined value through the discovery, development and deployment of innovation, you will need to continue ...

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Three Keys To Meeting The Challenge of Multi-Platform Product Development

Scenario: A technology company is creating a consumer electronics solution that involves hardware, software and web components. Three separate teams, located in different parts of the company’s facility, create three platforms. Each platform has its own development team, its own Program Manager and its own Project Manager. There are no clear and distinct processes for integrating these three elements until ...

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Here’s What You Really Need To Know About Blockchain

In 1970, a scientist at IBM Research named Edgar F. Codd make a remarkable discovery that would truly change the world. Though few realized it at the time, including at IBM, which neglected to commercialize it. It was called the relational model for the database and it would spawn an entire industry. Yet while today few have heard of relational databases, everybody seems to ...

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