I was talking to one of our PhD students this afternoon about his research design. He was trying to figure out how to structure his network survey to learn about how a firm that we’re working with innovates. He is particularly interested in learning about the role of trust in the evolution of innovation networks. […]
To succeed at innovation, you need to be making a lot of little bets. What are little bets? According to Peter Sims in his excellent book called Little Bets, they are: A small, affordable action that anyone can take to discover and develop ideas. Here is a more complete explanation in an interview with Andrew […]
I think that a lot of time when we talk about the importance of failure in innovation, people think about big, major failures like the Ford Edsel and the Apple Newton. But the whole point of driving innovation through experimenting is to figure out ideas that won’t work early. We want to find our failures […]
Earlier this week I did a talk on innovation for a local firm that was the opening session of their strategy-making work for the year. During the questions, one person asked for suggestions about a specific initiative that they had been trying to get off the ground for a couple of years, but which just […]
There is a big problem that organisations often face: they want to be innovative, but they also want to minimise risk. This creates a certain amount of tension. If I had to pick the number one thing that I would recommend to organisations that are trying to become more innovative, it would be this: experiment. […]
