Management

No Vision = No Innovation

My son shocked my wife last night by announcing that he didn’t think the space program had anything to offer mankind. He had been assigned a paper in his middle school English class in which he needed to make a provocative point and sustain his argument with facts. He decided to examine space flight and whether or not NASA would ...

Read More »

Treating Innovation as an Experiment

Most businesses recognize that they “need” to do innovation, just like I recognize that I “need” more exercise. Unfortunately, while for me more exercise simply means setting aside the time to do it and having the discipline to actually go out and jog, or swim, or bike, innovation takes more than time and discipline. It takes resources, and few firms ...

Read More »

8 Ways to Measure Innovation Potential

I’m always a bit skeptical when I read about any definitive list, whether it’s six things to improve my complexion or seven myths of innovation. So I enter with some trepidation a list for your perusal, a checklist of sorts to help you ascertain whether or not your idea can become a a successful innovation. Note that the list below ...

Read More »

20 Ways to Get Feedback on Your New Idea

You’ve got a great idea. I know you do. But I also know it’s just sitting there. In your head. Like a lump. Why? Because you haven’t pitched it to anyone. Everyone — even your best friends — all seem so busy, right? And even if they’re not busy, you… um….er… uh… don’t really know how to kick-start the conversation ...

Read More »

Don't Confuse Execution with Tactics

Larry Bossidy and Ram Charan are the authors of one of the best books on execution written over the past twenty-five years – Execution, The discipline of getting things done. One of the major takeaways of the book is that while tactics are central to execution, execution is not tactics – it much more strategic. The authors describe execution as ...

Read More »

Stop Disrupting and Solve the Disruptions

It struck me recently that a lot of firms treat their customers as nameless, faceless objects all of whom share the same needs and have the same reactions to products. Of course marketing has taught us over the years to segment our markets and attack the needs of the customers within specific segments. If the segmentation is done well, segments ...

Read More »

Mergers & Acquisitions or Mayhem & Animosity

In previous posts I’ve highlighted key reasons why mergers are often ill-advised. Now comes news that last year’s much talked-about marriage of Kraft and Cadbury is turning out to be less fulfilling than expected. When the merger was announced 14 months ago, I wrote a post entitled Will Cadbury give Kraft indigestion? Among other things, I said, “Most mergers do ...

Read More »

Rewarding Innovation

A reward scheme can make or kill an innovation initiative, such as an idea management process. Considering the amount of effort that goes into launching an idea management process in many companies, it is essential to get the rewards right. In this article we will look at reward schemes supporting an idea management process – one that is ideally supported ...

Read More »

Are You Engaging Your Employees?

You may be funny, smart, and easy to dance with, but if you are not engaging employees on an ongoing basis, all of your work in developing a strategic plan will be for naught. In my last two blogs, we talked about informing and inspiring employees during implementation of the strategic plan. The last piece of the puzzle involves engaging ...

Read More »

The People Aspect of Open Innovation

Opportunities versus Threats by Stefan Lindegaard In this blog post, Todd Boone, Director of Market Development at Psion shares some insights and experiences on the people aspect of open innovation. As you can read below, Todd focuses on making people understand that open innovation offers more opportunities than threats. I think this is a great approach. By the way, this ...

Read More »