Category: Finance

Irresitable Innovation meets Immovable Object

I’m going to let you in on a secret. Doing innovation isn’t really all that hard, once you get the hang of it. Yes, there are dozens of methodologies and approaches. You can tap into your employees and/or your customer base for ideas. You can search for interesting technologies in research labs and universities. You can prototype, test and tweak ideas based on customer pilots. In fact, you can do just about anything in innovation. That is, if you can get it started. Continue reading

Posted in Build Capability, Finance, Innovation, Strategy, Time Management | 1 Comment
The Jolt to Best Buy

Poor financial performance is a shock to the system; it rumbles marketing plans and shakes the innovation strategy and pipeline. Best Buy retail and web sales fell 2.4% versus last year and shareholders have lost more than half of their value over the past five years. The company is now in the throws of reinventing how it goes to market as fast as it can. Continue reading

Posted in Customers, Finance, Industry, Innovation, Technology | Leave a comment
The Evaluation Metric that Kills Innovative Ideas

I was speaking with a client recently who reminded me of the metrics her CEO had set out for innovative new ideas. While I think it is important to have clear goals and quantifiable metrics for innovations, I was a bit apprehensive about these measurements. Take a look at them and see if you can guess which one gives me the most concern: Continue reading

Posted in Finance, Innovation, Strategy, Time Management | 4 Comments
Business Model Innovation?

Nearly five years ago I wrote this article, but I think it is worth dredging it up out of the archives because there is such misunderstanding out there about what business model innovation is. This article highlights some of the misconceptions people have about what business model innovation truly is and looks quickly at a couple of more appropriate examples of business model innovation. But of course I’d love to hear your thoughts in the comments, including your favorite business model innovation examples. Continue reading

Posted in Business Models, Finance, Innovation | 2 Comments
The Hidden Cost of Poor Innovation Execution

Executing and launching new products takes financial and human resources. When poor execution delays a product launch, companies are hit with another cost, one which often goes unnoticed. Poor execution delays the revenue stream that a new innovation will earn. Given the time value of money, that financial loss can be staggering. Consider one of the most famous innovative product – the Post-it® Note. Continue reading

Posted in Finance, Innovation, Strategy | Leave a comment
Exploring the Innovation Network Corporation of Japan (INCJ)

The Innovation Network Corporation of Japan (INCJ) was launched in 2009 as a public-private partnership between the Japanese government and major corporations. INCJ makes investments aimed at fostering “flow of technology and expertise beyond the boundaries of existing organisational structures”—be they start-up companies, medium-sized enterprises or large, established firms—and at building an ecosystem of innovation. Continue reading

Posted in Case Study, Finance, Innovation, Leadership, Open Innovation, Technology | 1 Comment
Analysts and Astronauts

If we in the role of the budgeteer aren’t empowering leadership (actual program and resource managers) with the information they need to make informed decisions, we’ve potentially got an analyst weenie sitting at the helm of a multi-billion dollar federal program. Continue reading

Posted in Finance, Government, Leadership, Social Media | 1 Comment