Tag Archives: Insights

Social Media is the Glue of Innovation

Social Media is the Glue of Innovation

What is the role of social media in innovation (either inside or outside the organization)? Social media serves an incredibly important role in innovation. Social media functions as the glue to stick together incomplete knowledge, incomplete ideas, incomplete teams, and incomplete skillsets. Social media is not some mysterious magic box. Ultimately it is a tool that serves to connect people and information. I'm reminded of a set of lyrics from U2's "The Fly":

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Five Ways to Commit Innovation Suicide

Customers change. Competitors change. Technology changes. If you don’t do anything, new and competitive products catch up and overtake your products and services quickly. A study by A.D. Little has shown that the life cycle of products has decreased by factor 4 the last fifty years. So innovation is essential.

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Follow the Leaders of Open Innovation and Crowdsourcing – Part One

Although there are simple and cost effective ways to jumpstart your efforts – for example, leveraging a company like InnoCentive to host prize-based challenges in order to rapidly find solutions to your most pressing problems – leading organizations that wish to truly embrace open innovation and crowdsourcing do so through careful planning. When seeking to engage external talent, one of the first of many questions you must first ask yourself is: Why are we doing this? What do we hope that external talent can achieve for us that our internal talent cannot (or should not) achieve, and how do we integrate the two together?

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Flashes of Insight from the 2012 E.G. Conference

MIT Director Michael Hawley curates the premiere gathering of and for innovators in media, technology, entertainment and education that is best described as a three-day opera of ideas. E.G. took place this past week in Monterey, California bringing forward our most creative enterprises, by engaging a gifted mix of people — the most industrious and iconoclastic talents of our time. Not just another conference of ideas, or shakers and movers — this is a meeting and a community of makers. And doers

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Interview with Retired President X

I had lunch in 2009 with the recently-retired president of a multi-billion dollar company and had a great conversation about innovation, leadership, and culture. The insights are still relevant and he enjoys his private life so I won't be naming any names, but I will share some of the key insights and advice for innovators that came out of the conversation.

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Get Rid of Old Ideas

Innovation is all about getting new ideas for simple solutions to solve relevant customer problems or needs. When there is a sudden need for innovation the first thing people do is organise a brainstorming session. But often nothing innovative materialises. That’s why brainstorming has such negative connotations in a lot of companies. Because, when you brainstorm unprepared with the usual colleagues hardly anything new appears.

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Plan to be Punched in the Face

Experienced leaders know how just easily the most carefully crafted plan can go awry, particularly in the innovation process. In his new Little Black Book of Innovation, Scott Anthony cautions against betting the farm on the perfect plan. “No business plan survives first contact with the market,” Anthony says.

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