Disruption

eBay for Patient Data

Enormous amounts of patient data creates big business opportunities. In fact, some day, patient sick care might be a loss leader. Instead, the revenue model will be patients owning data and using a platform to sell it for a price. Patients will become digital health entrepreneurs. Selling your sick care data is called an “edge opportunity”. We are headed in that direction. Blockchain ...

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The Whole System is Rigged Against Innovation

Work in innovation for more than a decade you see familiar patterns. One of the most damning, yet predictable ones is relying on the core business units to commercialize innovations outside of their core. This tendency bruises an innovation effort beyond recognition, undermines the credibility of the professions who did the initial discovery, front-end work in the organizations, and threatens ...

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Leading People in the Imagination Age

Most of us are aware that the nature of work is changing. According to Singularity University, while emerging technologies may destroy many jobs, they will also create many new appealing ones. Widespread innovation, in the imagination age, will give birth to exciting new industries, all of which are sources of new jobs and occupations. It’s exciting to imagine an intriguing parallel ...

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Overcoming Challenges Through Continuous Learning

Last week, I went to a fantastically informative event, hosted by the Churchill Club, Melbourne. It was about “Developing the Tech Talent of the Future”. New technologies and shifting customer expectations are shifting the business game. In the same way, new platforms, products and services, business models and other emerging creative surprises are, disrupting the learning game. To promote this “sold ...

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How Ratan Tata avoided a ‘Kodak Moment’

Imagine the scene. It’s the early hours of the morning. A young engineer lies awake, unable to sleep because of the excitement. After what seems like an hour of trying to find a comfy position to nod off, he checks the clock. Just fifteen minutes have elapsed since the last time he looked! He worries about how tired he’ll be ...

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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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Companies Are Failing To Get Value From Innovation

Innovation is something that everyone says they want to do, but it seems increasingly clear that this desire is often rather superficial.  For instance, recently I wrote about a new study from Harvard Business School showing that innovation is rarely a top priority for executives.  Indeed, just 30% placed it in their top 3 issues to focus on in the ...

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Empowering Teams Through Metrics at Apple

Apple is an iconic brand noted for disruptive innovation. In the heat of the digital revolution that it helped spark, Apple’s products became a portfolio of increasingly complex and diverse offerings. At a crucial point in its growth, the company had to reign in its exuberance and created a disciplined, cross-company product development process. The challenge: the lack of a ...

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5 Ways to Measure Whether Your Idea Will Become a Great One… or Fail Miserably.

Gauge Effectiveness of Ideas

“Everything begins with an idea.” Right? Uhhmmm… not really. Instead, everything begins with a problem. Something happens (or doesn’t happen) that highlights a problem that either already exists or could exist. And more importantly, the need for a solution is born. The bigger or more widespread the problem, the more pressing an answer to that problem is, as well as ...

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Thought Commerce™ – 3 Ways to Recognize It; Why You Should Care

Thought Commerce

“Thought.” Thought is epically powerful and hugely important. Tony Robbins, Bob Proctor, and before them, Napoleon Hill – all motivational rock stars – consistently drill into their audiences that NOTHING becomes a reality until or after it’s first a thought. Another variation on this idea is, “If you cannot conceive it, you cannot achieve it.” Both those expressions can seem ...

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