Author Archives: Matt Hunt

Innovate Smarter – Building Innovation Programs Partnerships

When your internal innovation development program isn’t providing the returns that you expected how do you know where to look for the source of the problem? Is it a string of bad luck...or leadership, culture...or is it a fundamental issue with the program itself? By leveraging the collective intelligence of their member organizations Innovators International has found a better way to solve these problems.

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Failure Forums: Learning from Best Buy Media Label 'Redline Entertainment'

With every disruptive innovation project there are mountains of unknowns. A team can have a good plan in place but without all of the pieces assembled together it is almost impossible to test each individual hypothesis. This fact is what makes disruptive innovation projects so risky with a high failure rate. This is the story of Best Buy's failed attempt to enter the Entertainment Media Label business and one leader's insistence on making sure that the organization learned from their mistakes.

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Failure Forums: Lessons from SimonDelivers – a failure to change customer habits

SimonDelivers had launched as a online grocery delivery business in 1999 at the height of the Dot.com boom. By 2001 many of their competitors had imploded in the Dot.com bust. Miraculously SimonDelivers had managed to be one of the few that weathered the storm only to be later caught up in the real estate bust of 2008. Often times we can learn more from failures of others than from their successes. This story is a glimpse into the lessons learned from the failure of SimonDelivers.

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Using the Innovation Pipeline to Drive Growth & Address Failure

Most business leaders have made it to the top by promoting their success stories and glossing over their failures but innovation leaders know that failure is a more likely outcome than success. How can an organization rationalize these two radically distinct perspectives? The innovation pipeline can be used as a strategic tool to manage your innovation process and also address failure by highlighting the necessity of the small failures along the way.

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