Author Archives: Paul Sloane

21 Great Innovation Methods

How hard is it to innovate? Not once but over and over? How can you repeatedly implement great new products, processes or services? Continuous innovation is not easy and if you keep using the same method you will experience diminishing results. Try innovating how you innovate by employing some of these ideas. Copy someone else’s idea. One of the best ...

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Innovation Leadership versus Traditional Leadership

There are many different ways to lead. CEOs with markedly divergent styles can be successful in different ways. The same leader will often adopt different styles in different circumstances. There is no one correct way to lead or manage. Ultimately the right way is the one that works for you and for the organization in delivering the goals you set ...

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Are you an Innovation Venture Capitalist?

The most innovative leaders have a mindset like that of a venture capitalist. They take a portfolio view of innovation projects. The venture capitalist will invest in a basket of different start-up companies, fully knowing that most will fail. A few might break even and one or two might be successes. But one big success can pay back the costs ...

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Developing an Innovation Vision

You cannot expect your team to be innovative if they do not know the direction in which they are headed. Innovation must have a purpose. It is up to the leader to set the course and give a bearing for the future. This is set in broad terms and is described as the mission, core purpose or vision for the ...

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Innovation Strategy – Fight the Fear of Change

People are naturally apprehensive about change. They fear the unknown. There is a reluctance to take risks. This can be particularly true in a successful enterprise. Success can be an enemy of innovation. Why mess with a model that works? There is little incentive to take risks and try new things. But even successful companies are at risk if they ...

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Innovation Strategy – What business are we in?

The CEO of Black and Decker once said, “People don’t go into a DIY store because they need one of our drills. They go because they need a hole in the wall.” Wonderbra in their internal communications to staff say this, “We do not sell underwear. We do not sell lingerie. What we sell is self-confidence for women.” Harley Davidson ...

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Customer Resistance to Innovation

Sometimes the biggest resistance to innovation comes from the person who should benefit most from it – the customer. Customers can be very conservative. When you come along with an unorthodox new product or service they are often initially unimpressed. Why should the buyer take a risk with your unproven new gizmo? He knows that new products often have bugs ...

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When it comes to innovation, trust your intuition

MBA students are taught to treat business in a rational, scientific way. They analyze situations, develop financial models, critically examine management decisions and logically examine different scenarios. When they emerge from the hallowed halls of academia, they are often surprised to find that businesses run much less on logic and much more on emotion. It is not cold, intelligent analysis ...

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Unleash Your Inner Genius

Ten great ways to boost your personal creativity by Paul Sloane Let’s say you are wrestling with a tough issue – maybe at work, at home, with your children or in your social life. You have been stuck for a while and you can’t seem to make a breakthrough. You want to come up with some really creative ideas. What ...

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