Being average isn’t enough – we need to be awesome at something if we want to win.
Is technology about to disrupt your market? Chunka Mui and Paul B. Carroll think so, and they have some good suggestions about how to respond.
TL;DR – when attention spans get shorter, we can either accommodate this by going short ourselves, or we can do the opposite and go deep.
It’s not enough to want to innovate more. We have to build the habits that will help us take the daily actions that will achieve this goal.
Tacit Knowledge and Why It’s Important There is a mining CEO in Australia who often says in private conversation something like: When it comes to new ideas, we’re anxious to be second They want to use a fast follower strategy. And there’s some sense to this approach. After all, trying to be first is risky. […]
Theodore Sturgeon said “90% of everything is crud.” This sounds cynical, but it actually leads to some important innovation lessons.
The business environment is changing, and competitive advantages have much shorter lifespans now. To combat this, you need to build an innovation capability for yourself, and for your organisation. Here are some ideas on how.
Risk and uncertainty are two different things. Mixing them up causes problems. Here are some ideas for dealing with uncertainty in particular.
Frederick Douglass said “Those who profess to favor freedom and yet deprecate agitation are men who want crops without plowing up the ground…” He was talking about political reform, but this is also true of innovation as well.
Do people love change or hate it? Are big firms better at innovation or are small ones? The answer to these questions is “both” – and we need to develop some skills for dealing with that.
How can you learn what you need to know to become an expert? It requires deep knowledge of a field, but it also requires broad knowledge of related fields. Our current technologies support deep, but not broad. We need to figure out a way to find t-shaped knowledge.
If I am fortunate enough to get promoted again, I’ll face a choice. My position can either be Associate Professor, or Reader. It will still be a while before I have to make that choice, but Reader is a pretty tempting title. Why would an academic be called a Reader? It comes from the days […]