Monthly Archives: September 2011

The Innovation Discipline – Manage and Optimize It

Innovation is a discipline like Marketing and Finance. It needs to be designed, managed and optimized. Creativity is an easy subject to write about but also a difficult one. Creativity is too heavily linked to novelty rather than purposeful creativity that powers up innovation and create positive and sometimes disruptive change. I am looking forward to finish writing this and ...

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Innovation – You Know You Want It, Now How to Implement It?

“Successful innovation is turning ideas into money,” as Innovation expert Nic Hunt so distinctly and accurately describes. Innovation is the ability to convert ideas into value for your company, customers and shareholders. Successful innovation is not a one time deal, but a process that delivers sustained, long term profitability. Any company can develop one or two innovations over the course of time, but having a focused vision will deliver sustainable innovation – producing profitable results for your company time and time again.

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Having Hard Times? Well What’s Your Survival Guide?

I was looking through some ‘sage’ advice from McKinsey on managing in a crisis, in really hard times, and one really got me thinking, so I thought I’d share this. “Use the hard times to concentrate on and strengthen your competitive advantage. If you are confused about this concept, hard times will clarify it. Competitive advantage has two branches, both ...

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Who says that the Government cannot Innovate?

Whether based on the economy, health care legislation, or changes in purchaser mindset, it may be the perfect time for health care companies to step back from their BHAG’s in order to gain some innovation perspective.  Have the big questions changed? Here is a question that may raise eyebrows: What does health care need? Health care needs a healthy dose of innovation. ...

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Confusing the Pilot and the Prototype

I found  an innovation team the other day that spends its life doing pilots Now, don’t get me wrong. That is a perfectly good way to make innovation investments. Pilots are an important outcome of the innovation process because they let an organization “suck it and see” before they take whatever-it-is to a broad base of customers. But I was struck, when talking with this ...

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Innovation is a Capability NOT an Activity

I get this fairly regularly, a senior executive who is in somewhat dire straits. Their firms, once leaders in their industries, neglected R&D, postponed interesting new products and services and failed to innovate consistently. Now, they are no longer the lead dog, and are unhappy with the view from behind. To begin to remedy three to five years of focusing ...

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Mindset – Innovation's Third Way

What most distinguishes the innovation high performers from the less innovative is not some indiscernible secret sauce of mental faculties. What distinguishes them is their mindset. That is to say: their attitudes, assumptions and beliefs—their mental models—about how the world works. These mental models are often subconscious. Yet they can have a huge impact on someone’s behavior and therefore how well they perform—and innovate.

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