Author Archives: Patrick Lefler

Importance of Critical Thinking to Innovation

The more I hear from innovators (some successful and others not-so successful) on the importance of being able to make snap decisions based on intuition alone during critical stages of the innovation process, the more I’m convinced that perhaps, just the opposite may be true. Maybe, what really matters in determining success of the innovation effort is not so much ...

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So Much for the New York Times Paywall

We talked last week about the New York Times’ introduction of a paywall for access to their very popular website in order to increase revenue for the ailing paper. The New York Times is about to introduce a paywall to its very popular website as part of a plan to turn online visitors into paying customers. It’s part of their ...

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Confusing Complexity

Lost Revenue Opportunities and the New York Times by Patrick Lefler The New York Times will soon introduce a paywall to its very popular website in order to turn online visitors into paying customers. It’s part of their latest drive to reignite revenue growth in the face of an industry decline that has seen Times revenue drop 27% over the ...

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Don't Confuse Execution with Tactics

Larry Bossidy and Ram Charan are the authors of one of the best books on execution written over the past twenty-five years – Execution, The discipline of getting things done. One of the major takeaways of the book is that while tactics are central to execution, execution is not tactics – it much more strategic. The authors describe execution as ...

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Innovation Requires Execution NOT Creativity

Everyone talks about the need for creativity and great ideas. It’s become the fad of the month with entire industries now devoted to idea generation. Innovation labs and teams are the new thing and are popping up all over. And these new innovation labs have their own set of rules; white boards and post-it notes are mandatory; go for quantity ...

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Innovation in Our Cities is Easier Said Than Done

Recently one of the blogs featured in the Harvard Business Review’s The Conversation featured a story about recent efforts of Kentucky’s two largest cities–Louisville and Lexington–to promote innovation. In a post titled Will the Sun Shine Bright on Kentucky Innovation?, author Saul Kaplan highlighted a recent visit to the Bluegrass region of Kentucky where he spoke with local entrepreneurs and ...

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The Most Innovative Passenger Ship Ever

The legendary ocean liner S.S. United States was in the news today when it was announced that the preservationist group S.S. United States Conservatory will officially become the owner of the ship, buying it for $3 million from cruise-line operator NCL Group. The ship, which hasn’t sailed since 1969, has bounced from from owner to owner during that 40 year ...

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Incremental Innovation and the Evolution of the Sailing Ship

Incremental innovation is more about improvement rather than what one thinks of as true innovation. The changes associated with incremental innovation are neither substantial nor ground-breaking. And the effect on market share is one of protection of existing share as opposed to the creation of a new product or market. Richard Foster and Sarah Kaplan – authors of the book ...

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William Taylor and Golf's Greatest Innovation

Take a look at any golf ball today and the one constant you’ll notice immediately is that every ball has dimples. It doesn’t matter who the manufacturer is, every golf ball used today still has that same symmetrical dimple design. But this wasn’t always the case. Up until the turn of the last century, the modern golf ball was essentially ...

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