Monthly Archives: November 2010

Business Model Innovation and Venture Capital Assessment

I believe the Business model canvas, presented by Alexander Osterwalder & Yves Pigneur in their book “Business Model Generation”, holds a very powerful way for Venture Capital to use in their assessments of promising ventures they are considering for investment. Traditional pitches to VC’s are loaded with financial numbers, providing crisp, well written business plans pitched by teams oozing with ...

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Leading Change – Envisioning the Future and Results

As I said on this blog last time, I made a commitment this summer to exploring organizational transformation. I want to now share some information about developing the context for internal and external change. Last week, I introduced four things that effective leaders of change must do. Today I’d like to talk about envisioning the future and results. In a ...

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The Benefits of Letting Others Recast Your Problem

At the recent Spigit Innovation Summit, MIT professor and leading Enterprise 2.0 thinker Andrew McAfee related the crowdsourcing story of Foldit, about which he also blogged. Foldit is an online game where rank amateurs can try their hand at folding proteins. And they do well! A quick background first: Our cells produce a variety of proteins, the building blocks for ...

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Lovemarks by the Numbers

Over the last decade our understanding of how emotion relates to consumer decision-making has grown enormously. Insights and findings around creating Loyalty Beyond Reason continue to illuminate Lovemarks, most recently from Peter Boatwright and Jonathan Cagan – two professors at Carnegie Mellon University in Pittsburgh. They have released a book with Berrett-Koehler Publishers entitled Built to Love: Creating Products That ...

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Inventiveness and Patents Do Not Equal Innovation

We’re Measuring the Wrong Things by Jackie Hutter Few things infuriate me more than supposed experts who make statements along the lines of “patents are critical to innovation.” I have avoided stating my views widely in this forum because I didn’t want to get into a contest of one upmanship with my patent lawyer peers. However, in the last couple ...

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Bureaucrats Can’t Mandate Innovation

This week’s Bloomberg BusinessWeek magazine features an interesting piece on the challenges that the Japanese government faces in transforming the island of Okinawa into a “cluster” site for innovation. In an article titled Okinawa’s Doomed Innovation Experiment, author Vivek Wadhwa makes the point that governments and the bureaucrats who run them can’t mandate entrepreneurial success. Faced with declining competitiveness, Japan ...

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3 Perspectives You Need for Strategic Business Success

It’s the time of year when companies turn attention to strategic and annual business planning. Several times while speaking in the past few weeks on “Taking the NO Out of Business InNOvation,” I’ve been asked: “Who should participate in successful planning efforts?” My answer is always the same: You need to have three types of people involved for successful strategic ...

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The Power of Procrastination

Procrastination is something we are all prone to at one time or another. Case in point: I sat down to write this blog post thirty minutes ago. Before I finally got to writing, I first opened a bottle of wine, flipped through the latest issue of Monocle, and answered some emails. In his review of the new book The Thief ...

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Where to Innovate in this Economy

Northrop Grumman and Eastman Chemical by Andrea Meyer Point: “Where” innovation comes from can be a place, a time, or a conceptual process. Story: At Invention Machine’s Power to Innovate user conference, Jim Belfiore, Senior Director of Client Innovation and Practices, posed the question of where to innovate in this economy. Numerous presenters provided varied and surprising answers about where ...

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