Tag Archives: Innovation
Best Buy acquired the then startup Geek Squad which had been founded by entrepreneur Robert Stephens in 1994. During a recent interview Robert shared his story of entrepreneurship, risk taking, acquisition strategies, his pick for Most Visionary CEO, and an expensive 99 cent burrito. Continue reading
In the film, “What Women Want”, Mel Gibson’s character has the ability to read women’s minds and understand what they’re thinking. In the real world, we often need to second-guess what our existing or potential partners want. This is the case for Open Innovation… Continue reading
Studies estimate that for every $1 the U.S. government spends on NASA, the economy is boosted by $7-$14. That means that with NASA’s current budget of $17.6 billion, the U.S. economy will get an injection of anywhere from $123.2 billion to $246.4 billion.
Entrepreneurs encounter failure often. Successful entrepreneurs overcome failure and emerge wiser. Here are 33 lessons about failure from Brian Honigman’s article “33 Entrepreneurs Share Their Biggest Lessons Learned from Failure”, illustrated them with statistics and a little story about entrepreneurship.. Continue reading
A lot goes on in our brain that we are unaware of, but that can impact the success or failure of innovations. Today I’ll discuss ‘hidden’ multisensory integration, what it is, and some ways to leverage it. Continue reading
There is actually a front end to the front end of innovation. Before you start ideating, you need a set of really novel strategic insights. These are like the raw material out of which exciting innovation breakthroughs are built. Continue reading
What was Edison’s “execution” process? His great grand niece, Sarah Miller Caldicott, author and CEO of Power Patterns of Innovation, kicked off the BEI conference from The Cosmopolitan of Las Vegas by answering that question. It was a WOW.