Monthly Archives: June 2010

Failure = Success

Failure is big in the news lately, because people are getting smarter about it. I’ve written before about my admiration for Google’s philosophy, as expressed in this quote from Senior Business Product Manager of Google News, Josh Cohen, in a recent Atlantic article: “We believe that teams must be nimble and able to fail quickly.” Now, we get that failure ...

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7 Reasons Why Your Firm Can't Innovate

I was meeting with a group that is interested in fostering innovation in the state where I live and we were talking about the reasons why organizations don’t innovate. We talked about the lack of strategy and cultural barriers and a number of other reasons. There are hosts of very smart people writing books and research papers on this very ...

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Co-creation Springs From a Sense of Common Purpose

Too often the question of value extraction/retention is a dominant concern for all parties at too early a stage. For the sake of argument, let’s consider a supplier who has to develop a critical component for a customer who will integrate it in the design of a new finished product. The development process has not yet started that the customer ...

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Creativity – The New Leadership Imperative

Last week I wrote about how the IBM report, “Capitalizing on Complexity: Insights from the Global Chief Executive Study,” suggested that a majority of CEOs around the globe felt ill-prepared to deal with the increasing complexity in today’s business world. In response to this finding, IBM asked business leaders to prioritize the three most important leadership qualities in the new ...

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Applying a Social Media Rule to Innovation

I’ve suggested before that there are parallels between social media and innovation. In fact much “open innovation” is simply a subset of social media. In many open innovation programs a group of people submit ideas and rank and comment on the ideas within the community. The organizing feature of the community is often the topic of innovation, rather than other ...

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The CFO and Innovation

Can it work? by Stefan Lindegaard I ask whether CFO’s can make innovation happen, but in reality this should not even be a question of whether it can be done but rather a question of how to do it. The reason for turning this a how-to question is the increasing role of the CFO in many companies. Their influence keeps ...

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Leadership Defined

What’s your definition of Leadership? In thinking about the comments I’ve received from readers on the topic of leadership I noticed an interesting paradox…while many of you vehemently disagree on the effectiveness (or lack thereof) of different leadership styles, most of you are in total agreement on the qualities and attributes possessed by great leaders regardless of style. In further ...

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Fostering Creativity with Structure

Creativity in the form of fresh ideas, whether from executives, salespeople or customers, is an invaluable resource to any organization. But these ideas need guidance and structure in order to achieve the key goal of innovation – profitable growth. To successfully channel ideas into a profitable result, it is necessary to establish a formalized new product development (NPD) process, from ...

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Innovating at Scale in a Successful Company

Large successful organizations have a hard time creating large scale innovations. When a company’s on the brink of death, they entertain many radical alternatives, but economic health is the enemy of change — which is one of Microsoft’s great problems. Ray Ozzie, now the Chief Software Architect of Microsoft, was at Lotus development when they dominated PC software. According to ...

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