What is the Cost of a Failed Innovation Project or Change Initiative?

It seems like a simple question. One that you would expect to lead to some risk mitigation behavior, but it doesn’t. And when you consider that companies are spending an increasing amount of their budget on technology and working to transform their operations to be more digital in order to provide a better experience for customers, employees, partners and suppliers ...

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We Need a Cyber Czar to Run CARPA

Doctors and their patients are joining forces in a pitched battle. There are six technologies that are colliding in sick care. They represent the front lines of the 4th Industrial Revolution. Which side wins will have significant impact on the future of medicine and society. The 4th Industrial Revolution is a mental model created by the leaders of the Joint Economic Forum and ...

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Retooling to Win in the Next Decade

After the World Economic Forum meeting in Davos drew to a close, Martin Reeves, Senior Partner & Managing Director, Director of the BCG Henderson Institute shared his reflections of the event with the Boston Consulting Group. Whilst discussion trended down global economic growth, they also elevated risks on a number of fronts, spanning the whole system, in the context of ...

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How Virtual Reality Will Drive the Future of Business

In 1961, the first minicomputer, called the PDP-1, arrived at the MIT Electrical Engineering Department. It was a revolutionary machine but, as with all things that are truly new and different, no one really knew what to do with it. Lacking any better ideas, a few of the proto-hackers in residence decided to build a game. That’s how Spacewar! was ...

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What you need is a Chief Culture Officer

Peter Drucker said that– business has two–and only two–basic functions: marketing and innovation. Well, your company probably already has a Chief Marketing Officer (CMO), and most likely a Chief Innovation Officer (CINO, to distinguish from your Chief Information Officer, CIO). So you have both Druckerian functions covered.   You may also have a Chief Strategy Officer (CSO). I served as ...

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Innovation Diffusion Basics

Do you wonder why some innovations diffuse, while others don’t? These days, we like to use trendy buzz words like scaling, getting traction and going viral, but the meaning is the same. But, there are many terms and concepts that are being used that are confusing , so here are some basics to set you straight: Who, when, why and ...

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