Testing Your Business Model

Sometimes we get caught up in the details when we should be working on the foundation. Here’s a rule: If the underlying foundation is not secure, don’t bother working on anything else. If you’re working on a couple new technologies, but the overall business model won’t be profitable, don’t work on the new technologies. Instead, figure out a business model ...

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Here’s What You Need To Know To Compete In An Ecosystem Driven World

In 1980, a young Harvard Business School professor named Michael Porter published Competitive Strategy, which drove thinking on the subject for the next 30 years. In essence, he argued that you build sustainable competitive advantage by maximizing bargaining power throughout a value chain. Yet more recently, that kind of single firm level analysis has been called into question and leaders ...

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Leading People in the Imagination Age

Most of us are aware that the nature of work is changing. According to Singularity University, while emerging technologies may destroy many jobs, they will also create many new appealing ones. Widespread innovation, in the imagination age, will give birth to exciting new industries, all of which are sources of new jobs and occupations. It’s exciting to imagine an intriguing parallel ...

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Empathy, Integrative Thinking and Innovation

I write and play music as a creative hobby. It doesn’t pay terribly well, but it is fun, and can also occasionally trigger insights into the creative process that translate into the broader innovation space. Most recently, it caused me to revisit integrative thinking, a concept I was first introduced to by Roger Martin in his excellent book The Opposable Mind. Whether ...

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We Need to Stop Glorifying Failure and Do This Instead

Over 50% of startups fail (and that number goes up to 75% for venture backed startups). The same is true of about three quarters of corporate transformations, which is probably why the average lifespan on the S&P 500 continues to shrink. These statistics tell a humbling story: few significant endeavors ever actually succeed. So it’s probably not surprising that we’ve ...

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Top 20 Innovation Articles of August 2019

Drum roll please… At the beginning of each month we will profile the twenty posts from the previous month that generated the most traffic to Innovation Excellence. We also publish a weekly Top 8 as part of our FREE email newsletter. Did your favorite make the cut? But enough delay, here are August’s twenty most popular innovation posts: The Most ...

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Innovation Barcamp for Young Suburban Entrepreneurs

What are the Innovation Barcamps for Entrepreneurs? It is the idea to give the codes to young people from underprivileged districts, who want to start an innovation project. During one day, project owners will dig in into their idea, with the help of innovation coachs, and other participants: you come with an idea, and you get back with a project, ...

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Four Myths About Empowering Change

We live in a transformational age. Powerful technologies like the cloud and artificial intelligence are quickly shifting what it means to compete. Social movements like #MeTo are exposing decades of misdeeds and rewriting norms. The stresses of modern life are creating new expectations about the relationship between work and home. Every senior manager and entrepreneur I talk to understands the ...

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Make Life Easy for Your Customers

Companies that have products want to improve them year-on-year. This year’s must be better than last year’s. For selfish reasons, we like to improve cost, speed and quality. Cost reduction drops profit directly to the bottom line. Increased speed reduces overhead (less labor per unit) and increases floor space productivity (more through the factory). Improved quality reduces costs. And for ...

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