According to my friend Ben, mountain bikers say “if you see rocks, you hit rocks.” This idea has important implications for innovation and business performance.
We often think that great new ideas get adopted rapidly. Unfortunately, this is untrue. In order to innovate effectively, we must understand the role that time plays in innovation.
When you’re attacking a large competitor, you can’t go at them head-on if you’re just starting out. The best way to win is to innovate your business model.
The Problem with Solved Problems that Aren’t Solved Phil was certain that his company had their innovation problems solved. After all, they had a dedicated innovation team, they had idea management software, and they had started a big internal PR effort to highlight successful innovations. What could possibly go wrong? Lots, actually. Over the past […]
Here are some things I learned from Stan Metcalfe today: We can’t make money by making bets that everyone agrees will pay off. That means that innovative ideas will often look nuts when we first start working on them. Nevertheless, we have to give them a try.
If we want to change the world, we have to communicate our ideas clearly. This is challenging. I learned some lessons about how to do this in giving a talk at TEDxUQ this year.
Successful innovation requires not just finding great new ideas, but taking advantage of them too. This means that we have to strike a balance between executing older ideas and searching for new ones.
What are your barriers to business success? A study from my colleagues shows that innovators don’t see barriers. Instead, they use obstacles to spur innovations that help them outpace the competition.
Should “innovation” only be used to refer to big, world-changing ideas? No. This is actually a dangerous approach to innovating. The biggest hurdle is actually getting started – it’s more important to put effort into that.
DK interviewed me for a podcast last week – this bit on how to use experimenting build your innovation culture is my favourite part from it.
Here is a simple process that will help you innovate more effectively.
How do we innovate in a risk-averse culture? By realising that a culture is something that we create ourselves, through our interactions with people daily. When we change the way we act, we start to change out culture.