The Problem With Being a Fast Follower: Tacit Knowledge

Not Everything That Matters Can Be Measured

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. […]

Innovation Lessons from the Rise, Fall, and Rise of LEGO

After a string of innovation failures, LEGO nearly went out of business in 2003. Brick by Brick tells the story of how this happened, and how LEGO turned things around to become an innovation powerhouse again. There are some broad lessons that can be learned from this story.