Can Innovation Teams Trick Leaders To Invest In Bad Ideas?
There has been a public fascination with the ongoing trial of Elizabeth Holmes, the founder of the now defunct blood testing startup Theranos. Indeed, social media users can’t decide if they love or hate Elizabeth Holmes. Part of the fascination arises from questioning how Theranos was able to raise so much funding before fully proving out their business model. But […]
Four Good Reasons To Kill Innovative Ideas
Dr Samuel West, the psychologist who created The Museum Of Failure, argues that the best way to drive innovation within organizations is to remove the fear of failure. The fear of failure can lead corporate innovation teams to only pursue safe bets. When innovation teams work on safe bets, it is highly likely that they are […]
Do Your Leaders Have The Right Convictions About Innovation?
Without leadership support, corporate innovation projects are dead on arrival. Leadership support is so important that this is the first thing I ask for when I am working with innovation teams. I have worked with several teams that have tried to avoid getting leadership support for their projects. However, they soon discover that they cannot […]
How Good Is Your Company At Killing Ideas?
One of the most sensitive conversations to have with leaders is when I try to convince them that they cannot pick the winning ideas on day one. At one workshop, a regional leader kept insisting that the innovation teams need to bring her some ‘10X’ ideas. What she meant was that the team should only […]