Innovation

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

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. ...

Read More »

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 ...

Read More »

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 ...

Read More »

Innovation Comes With Messiness. Here’s How to Manage It

Every bold innovation involves messiness. The Chief Product Officer at Adobe reveals how to use it to succeed. In my work advising and consulting to some of the world’s most innovative companies, I see the best of the best practices for managing innovation. I also get a behind-the-scenes view of what really goes on during the innovation process itself–and it’s messy. We tend to ...

Read More »

Mine the Business Innovation Gaps: Seasonal Sharing for Scalability

I’ve been working with an agriculture machinery company over the years. This family run business designs and manufactures huge innovative machines that solve the current problems farmers face. Their industry is subject to the seasons, which means all farmers want new machines just before the harvest, so there’s a big peak of work in the period running up to harvest ...

Read More »