Innovation

What They Won’t Teach You in HA school, Medical School or Residency

I think “health administration” is an anachronism, since we have a sick care system masquerading as a health care system and the last thing we need is more administrators, rather than leaderpreneurs. Consequently, those offering programs to students interested in being health systems administrators offer courses and measure competencies designed to fight a phony war. Instead, they should be requiring graduates to demonstrate the ...

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Four Ways to Nudge Smarter Innovation

I love behavioral science. Together with related disciplines such as perceptual science, cognitive linguistics and cognitive psychology, I’ve found it to be incredibly useful in helping us both to innovate, and to communicate our innovations more effectively. However while it is wonderful for guiding our designs, it’s critical to remember that its theories are approximations that do not precisely predict ...

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Why Do Startups Fail?

Premise: There has been enough written about startups and reasons why almost all of them fail. So, why write another post about this? Even though there is no dearth of resources (blogs, videos, books, stories, etc) on reasons why startups fail and how to avoid them, I don’t see any reduction in the failure rates of startups; I don’t see ...

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The Sickcare Innovation Bubble Problem

A bubble is an economic cycle characterized by the rapid escalation of asset prices followed by a contraction. It is created by a surge in asset prices unwarranted by the fundamentals of the asset and driven by exuberant market behavior. When no more investors are willing to buy at the elevated price, a massive sell-off occurs, causing the bubble to deflate. The pattern of a ...

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How Peloton Uses Consumer Insights To Drive Innovation

Peloton is the exercise company currently taking the fitness world by storm. The company’s sleek $2200 stationary bikes enable busy professionals to exercise at home, at any hour of the day or night. But that’s not what’s giving the $4 billion unicorn startup so much forward momentum right now. Peloton’s magic formula turns out to be its superior way of analyzing ...

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How To Prepare Your Organization For Innovation

In 1919, Mahatma Gandhi initiated a campaign of civil disobedience, including the sale of banned literature, fasting, prayer and work stoppages, to protest the oppressive Rowlatt Acts the British had recently passed. These were an immediate success, but soon turned disastrous and ultimately ended with the massacre at Amritsar. He would later call this his Himalayan miscalculation. “I realized that before ...

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Top-down or bottom-up – How do you start building an innovative culture?

When we ask innovation leaders why they haven’t been able to reach their innovation goals, probably the single most common explanation is their company culture. As we all know, company culture is such an all-encompassing concept made up of so many different elements that changing it is extremely hard. Innovation leaders are often put in a very challenging position. They’re ...

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Who Needs Ideation Software?

All organisations face one or more challenges they need to tackle. Some have decreasing markets due to the crisis and need to cut costs, while others are looking for other ways to serve existing or new customers. Your organisation is probably also facing a number of challenges. To gather possible solutions for your challenges, crowdsourcing is a relatively new and ...

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