Monthly Archives: May 2018

Innovation or Not? – Domino’s Hotspots

Innovation can come from a number of different potential sources of inspiration and insight. The most typical source of course is understanding customer needs. This is the source for the whole design thinking movement, but there are still a number of other potential sources of inspiration and insight for potential innovations. But, in this case we will be examining a ...

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Innovation Insights from Teddy Roosevelt

Sometimes one stumbles across insights from unexpected places.  Most of the books I have read recently have fallen into the category of histories of other countries (Laos, China, Singapore, Myanmar, Colombia) or studies of how things work (buildings, bridges, rivers, archaeology).  I gravitate towards these subject areas because they are of great interest to me in my current and future ...

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10 Reasons Why Digital Health Startups Fail

Startups, in general, fail for many reasons. One observer mentioned his top 5 reasons as 1) lack of capital, 2) expanding too soon, 3) heavy reliance on debt, 4) poor strategy, and 5) poor business model and plan. Ultimately, there are two basic reasons: 1)They make stuff no one wants to buy, and 2)they have a business model that is not valid ...

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Don’t Break Down Silos, Connect Them

Nobody likes a silo. Or a stovepipe for that matter. These insular structures restrict the flow of information, which makes it hard to coordinate action and adapt to change. In some cases, it can even lead to disastrous consequences like the General Motors ignition switch scandal. So it should be no surprise that managers try to break down silos whenever ...

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Break The Loop Of Underperforming Innovations

The tangible sales results of new product or service innovations are directly tied to the corporate mindset and systems that created them. Mindset precedes and dictates the systems which develop & launch innovations. If these systems are geared towards optimizing efficiency and minimizing risk, then by nature innovations will remain “close in” and likely underperform. When mindsets change, so do ...

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The Biggest Risk You’ll Ever Take

Hint: It’s not what you think it is. Are you a gambler? The answer might surprise you. Risk is part of being an entrepreneur. You are accustomed to taking risks, otherwise you wouldn’t be contemplating or running your own business, right? Well, perhaps, but it has to do with how you define risk and where you see its origins. My ...

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How to Create a Culture to Capitalize on Innovation

Creating a Commercialization Culture A presentation by Jay Morgan, VP Global Innovation Bayer Consumer Care given at the back end of Innovation Conference, October, 2015. Jay Morgan shared his story of how Merck Consumer Care (now Bayer Consumer Care) began its innovation journey. The story takes place in Memphis, TN. It begins in 2011. It began with struggle and a ...

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Why Startups Are The Best Way To Manage Innovation

Innovation has become an imperative for corporations. The importance of having an innovative culture is something leaders no longer debate. In most surveys of corporate leaders, innovation is ranked among the top organizational priorities. For example, in their 2017 CEO survey, PWC found that innovation was ranked as the number one priority among CEOs. While the aspiration to innovate is ...

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How the U.S. government can boost startups, innovation, and jobs!

The Jumpstart Our Business Startups (JOBS) Act was signed into law by President Obama in May 2012. The idea was to relax regulations that prevented or slowed early stage investments by non-institutional investors. One of the main achievements of the new law was to allow crowdfunding. Until that point, private investment was limited by the SEC to accredited investors, and only up to 50 of those, ...

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