Six Important Questions for Innovation

Here are six important questions for innovation: 1. What’s the Distinctive Value Proposition? The new offering must help the customer make progress. How does the customer benefit? How is their life made easier? How does this compare to the existing offerings? Summarize the difference on one page. If the innovation doesn’t help the customer make progress, it’s not an innovation. ...

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How Artificial Intelligence Spurs Corporate Innovation

In the 1990s John Koza, a professor at Stanford University carried out a series of experiments involving new ways to create electrical circuits.   He designed a programme which created thousands of random circuit designs.  These were measured against desired outcomes.  Most were terrible and were eliminated.  Those closest to a solution were combined and rerun.  This process was repeated many ...

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Time Travel Innovation

Is it really possible to travel back in time? What about traveling into the future, have we finally figured out how to do that? Well, you’ll have to read on to find out… But before we explore whether someone has finally figured out how to successfully time travel and recruit you to join me in investing in their pre-IPO startup, ...

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Why Most Corporate Innovation Programs Fail (And How To Make Them Succeed)

Today, everybody needs to innovate. So it shouldn’t be surprising that corporate innovation programs have become wildly popular. There is an inherent tradeoff between innovation and the type of optimization that operational executives excel at. Creating a separate unit to address innovation just makes intuitive sense. Yet corporate innovation programs often fail and it’s not hard to see why. Unlike ...

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The Push Pull of Innovation

Do you remember playing tug-of-war as a kid? It was a game of two teams holding on to either side of a rope, and each team had to try to pull the other over a line down the middle. When it comes to change and innovation, that’s exactly what happens individually, in our teams, and in our organizations – it’s ...

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Digital Biopharma 2.0

Digital health has converged with biopharma. It has happened because digital health technologies are making it easier for biopharmaceutical companies to discover, develop and launch new drugs faster and cheaper and improve the patient and doctor experience, in what is being labeled “after the pill”, U.S. regulators have approved the first digital pill with an embedded sensor to track if patients ...

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Lessons in Leadership from Ross Perot

The most important lessons of leadership came from the man behind the larger-than-life personality. In 2003, I sold a company to Perot Systems, the large IT services firm started by Ross Perot, where I then worked for the next four years. Although at that time Perot was chairman and eventually became chair emeritus, his personal offices were on the same ...

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Winning the Explore and Exploit Game

So we come to the ultimate post on explore and exploit, at least for now. In past posts we’ve looked at the origin of explore and exploit, the emergence of true innovation explorers like Edison, Bell and a host of others. We’ve noticed the rise of the corporation to exploit the discoveries of said explorers. Last but not least we ...

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The Window of Corporate Innovation Opportunity

One issue has been on my mind for quite some time. Let me share with you a key learning from my innovation work in and with diverse companies over the years. It can be termed pretty catchy as: Window of Corporate Opportunity. In brief, this notion can be delineated as follows: Sustainable, effective and impactful corporate innovation is all about right timing ...

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Great Ideas are NOT Accidental!

In 2010, I had an idea for a new product for the company I worked for. I had put together a business plan and presented it to the company’s CEO. A week later I presented it to the board of directors. My presentation was very well received, and the directors described the product as very innovative and “life-altering” for the ...

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