Innovation

Three Phases of Embedding Innovation

Failure is real and should be feared. Ironically, fear of failure is the most potent saboteur. This is a fact proven time and time again in the world of innovation. Many expensive and time-consuming efforts to build innovation capability and capacity inside of organizations fail for a few simple reasons. Either they import a framework completely from the outside without ...

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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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How Mental Models Drive Strategy the Wrong Way

Ideas fuel business. They drive how we respond to customer problems and leverage market opportunities. The right idea can make a business work and, over time, our successes become ingrained in our mental models. The opposite is also true. If we begin with the wrong mental model, important problems become impossible to solve. Consider the labor participation rate for prime ...

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How to Compete Against Commoditycare

There are large variations in US sickcare. Surgery rates for a given condition vary depending on where you live and the costs are all over the map too. When it comes to outcomes, the numbers are hard to come by for any given doctor, so who knows? But, with advances in data acquistion and analytics, treatment metrics will, at least theoretically, regress ...

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