Innovation

For Innovative Ideas try a Cluster of Strangers

I recently ran a workshop for a group of CEOs of small companies from different sectors and industries.  We ran the following exercise.  Each person started with a blank sheet of paper on which they answered the following questions about their organization. What are your main products or services? List three or four. What are your main markets? These can ...

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3 Ways Our Bias to Oversimplify the Future Hurts Innovation

Estimates that attempt to quantify failure rates for innovative products and services typically sit in a range somewhere between 70-95%. As an innovator, I find this an uncomfortably large number, especially given how much time and money we invest in innovation processes, consumer research and market modeling.  But as disappointing as these numbers are, the reality may be even worse, as ...

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How to Measure Innovation Ecosytem KPIs

Claiming status as the #1 digital health, bioscience, technology, finance or education cluster is new eco-devo blood sport. Should funding be the only KPI? Innovation districts are the new clusters, and urban planners and stakeholders ask 5 questions during an audit: 1) Where are your region’s highest concentrations of innovation assets? 2) Is the district leveraging and aligning its distinctive advantages ...

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Beyond the Business Model Canvas

For decades when business people and aspiring entrepreneurs came up with an idea and became serious about commercializing it, they would, by default, create a business plan. Anyone who has ever created a business plan knows they are a LOT of work. And as any innovator knows, most ideas turn out to be garbage. As a result, the creation of ...

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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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Culture Remains the Strongest Innovation Litmus Test

For being members of a discipline that prides itself on discovering the unknown, innovation practitioners have a secret lust of commonplace predictability and yearn for security as much as any human being. Seeing how they too often become the mistaken and hapless scapegoats for lack of core business growth, it is easy to empathize with this longing for belonging and ...

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Boomer Bioentrepreneurs Handbook

Boomers are back on stage for an encore.Whether it’s for financial reasons or a chance to try something new, more baby boomers are embarking on an encore career—a second professional career that can bring in not only money but often the fulfillment that may have been lacking the first time around the career bend. In fact, adults over the age of ...

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Reigniting Innovation and Creativity

  “If you hear a voice within you say, ‘You cannot paint,’ then by all means paint, and that voice will be silenced.” — Vincent Van Gogh Here’s an interesting question. Why is it that, while artistic tools have become so advanced and provide artists with the opportunity to become so much more productive, the amount of art and the ...

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13 Guidelines for Navigating the New Decade Ahead

In 2009, after a speech at the St. Petersburg International Economic Summit (Russia’s Davos), I wandered into a  panel discussion on the topic of trade wars, led by New York Times columnist Thomas Friedman. My thought was: “why this topic?” Trade wars were not on most people’s radar, certainly not mine. But the question is: should they have been? I’ve been ruminating of late about ...

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