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Lessons From Kodak’s Bankruptcy – How Can Large Companies Sustain Innovation?

Five years ago Kodak filed for Chapter 11 bankruptcy protection. This was not only an economic tragedy for one of the great companies of the last century, it was devastating for the city of Rochester, New York, where the company was based. Kodak was once a household brand whose dominance in the photographic film business was unparalleled. […]

Innovation Accounting Is About Asking The Right Question At The Right Time

Next month I will be speaking at the ​Intrapreneurship Conference in Stockholm. I will be giving a whiteboard session on innovation accounting. In preparation, I sat down with Hans Balmaekers to discuss how innovation accounting works in practice for companies. Hope you enjoy the interview below. Don’t forget to register for the conference here. You can use the […]

Large Companies Will Be The Biggest Beneficiaries Of The Lean Startup Movement

A lot of commentary around innovation and disruption takes it as a given that startups own the future. Compared to corporate giants, startups are nimble and agile. Such a “startup culture” is necessary for the creation of breakthrough products and services. Recent history seems to bears this out. We have seen several large companies such […]

Five Principles for Building Corporate Innovation Ecosystems

It is undeniable that the world around us is changing. Technology and software have transformed large parts of business; and continues to do so in more and more dramatic ways. Corporate leadership would have to be in a special kind of denial to not see how these changes in technology and economics are impacting their […]

​Eight Key Personality Types For Innovation Teams

Bell Labs is historically one of the most productive R&D labs in history. A large number of the technologies we use today were invented there. Bell Labs scientists invented the facsimile machine, the first long-distance television transmission, the first binary digital computer, the transistor, the laser, cellular technology, the UNIX operating system and the first fiber-optic […]

The Corporate Startup: A Market Risk R&D Lab

At Leancamp Stuttgart, we had a number of interesting sessions. One session in particular focused on corporate accelerators as a means to help large enterprises develop innovative new products. A corporate accelerator would be similar to other accelerator programmes such as Y-Combinatorand Tech Stars. The difference would be that these programmes are run for internal innovation teams working on […]

The Innovator’s Thesis

Since publishing my last essay critiquing the representation of startups and innovation as an experiment, I have been racking my brain thinking of what the equivalent of innovation within the sciences might be. This representation would have to be large enough in scope and impact to represent the unique contribution that a truly successful innovation makes […]

Pirates In The Navy: The Seven Paradoxes Of Innovation

After 88 years on U.K.’s high streets, British Home Stores (BHS) shut their doors for the last time on Sunday, 28 August, 2016. This was a sad occasion, especially for former employees, who are still not sure how a $747 million pensions black hole will be resolved. As the administrators continue to sell store fixtures and fittings […]

Lean Experiments: Three Methods For Setting Minimum Success Criteria

When running experiments on your business model it is important to identify the assumptions you want to test. However, most assumptions are vague and nonspecific. Such assumptions are not hypotheses until you set minimum success/fail criteria. The setting of minimum criteria is what turns an assumption statement into a falsifiable hypothesis. Hypotheses are specific and […]