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Value Propositions And Business Models Matter More Than Technology

In November 2015, Sony finally announced that it would stop selling Betamax video cassettes. By this time, its battle for dominance with the rival VHS format from rival JVC was already lost. The story of the rivalry between Betamax and JVC, and how JVC eventually won, is an example of how it takes more than […]

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 […]

The Nine Advantages Of Being A Corporate Startup

What is better? Running your own startup or driving innovation within a large company? Steve Jobs was very clear that it is better to be a pirate than to join the navy. There are freedoms that come with running your own company. Startup founders do not have to answer to line managers they disagree with […]

The One Thing Legal And Compliance Hate About Innovation Teams

What is the one thing that legal and compliance teams hate about innovation teams? Being treated like a box to tick at the end of the innovation process. They really hate it when innovation teams come to them towards the end of their projects, asking them to approve something they have not seen until that […]

The Top 10 Innovation Shortcuts Company Leaders Should Avoid

There was a time when it was a real struggle to convince corporate leaders that their companies needed to innovate in order to create new growth. That argument seems to have been put to rest. Most leaders are now looking for ways to drive innovation within their companies. They seem to be genuinely convinced that […]

The Right Questions Leaders Need To Ask Innovation Teams

Imagine this scene. A team is pitching an innovation project to leaders using a slide deck with five year revenue projections, an execution roadmap and assumptions that are being presented as facts. After the presentation, the leaders take things from bad to worse. The finance director states that she cannot approve any investment in this […]