Author Archives: Yoram Solomon

Simple Formula That Explains Why Anyone Would Buy Your Invention

The following is taken from a course that I developed and currently teach at the Cox Graduate School of Business at the Southern Methodist University (SMU) in Dallas, Texas, named “Evaluating Entrepreneurial Opportunities” (CISB 6226) The subject of this article is the million (or 10 million, or 100 million, or a billion ) dollar question. Why would my target market ...

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What you need is a Chief Culture Officer

Peter Drucker said that– business has two–and only two–basic functions: marketing and innovation. Well, your company probably already has a Chief Marketing Officer (CMO), and most likely a Chief Innovation Officer (CINO, to distinguish from your Chief Information Officer, CIO). So you have both Druckerian functions covered.   You may also have a Chief Strategy Officer (CSO). I served as ...

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The Hiring Mistake That Would Kill Your Company’s Innovation Culture

The growth stage of a startup is scary and painful. With perfectly good intentions, founders make this mistake, that may lead to the company’s failure. When a startup is born, its founders are the creators of everything. They are the ones responsible for product (or service) development, for initial marketing and sales, and everything else that’s needed. They get their hands real dirty. When they ...

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You Don’t Have an Innovation Problem, You Have a Trust Problem! (Part 3)

In the first part of this article mini-series I demonstrated, based on my original research, that for innovation to exist, you must be able to create a culture of innovation, first. A culture of innovation exists when leaders give their employees autonomy, employees show accountability and are willing to try things (even if it means that they might fail), and ...

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The Biggest Leadership Failure that Kills Innovation

When I conducted my doctoral research between 2008 and 2010, I found that autonomy was the strongest single factor that companies and leaders control, that would positively affect employee creativity, and therefore company innovation. The opposite, bureaucracy, was found to be the strongest single factor within the company and leader’s control that would negatively affect those. In fact, the logo ...

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How to kill innovation with email, guaranteed!

How often do you use the BCC field in an email header? Here is one negative consequence to consider. Innovation is a team sport. You must rely not only on your own ingenuity and creativity, but also on that of your team members. Innovation also requires a culture of innovation, of which team dynamics play a critical role. Constructive Disagreement Effective, productive, and creative teamwork rely ...

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9 Diversity Dimensions That Increase Innovation, and One Reason They May Not

Human resource departments tout diversity, because a diverse company will better represent all of its customers. But how does diversity help creativity? What are the important factors we typically forget? When we use the word “diversity” in the context of companies, we typically refer to the following definition: “the inclusion of individuals representing more than one national origin,color, religion, socioeconomic stratum, sexual orientation, etc.” In fact, the dictionary gives us the example of the ...

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How Administrative Assistants Can Help Creativity In A Big Way

As the hidden communication and prioritization network, administrative assistants can have a great impact on company innovation. Last year I was asked to deliver a keynote to an internal company conference for administrative professionals in Virginia. The topic was culture for creativity. My “standard” talks typically focused on engineers, marketing people, and others in the organization who are the type of ...

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