Author Archives: Pete Foley

Ten Innovation Strategies for the Holidays

Ideas are a key part of any innovation. We often talk about the Eureka moment, and an idea simply popping into our minds out of thin air. There is considerable evidence that we are more likely to have a Eureka moment when our thinking is not focused on the problem at hand, as narrow focus can actually inhibit our ability ...

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When Good Innovation Breaks Bad

When Good Innovation Breaks Bad

Most innovations are only as good as their weakest link. The Samsung Galaxy Note 7 may have been a great phone, full of new innovation, but most of us will never know. Obviously, that is an extreme example, but a great many innovations are let down, albeit to a lesser extent, by a weak link. As innovators, we are often ...

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RIP George Martin – An Innovation Master

It has been a tough few months for Rock and Roll. We have lost Bowie, Lemmy, BB King, Chris Squire, Scott Weiland, Glenn Frey and today, Keith Emerson. On Tuesday, we lost another master blender and enabler – Sir George Martin, the Fifth Beatle. As an innovator, he epitomized many traits we should all aspire to - Expertise, openness, crossing boundaries and passion for quality. RIP Sir George

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How Science Can Unlock the Eureka Experience

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I believe that innovation and design are ultimately about people. Psychology, and the perceptual and behavioral sciences represent the best understanding we have today about how people think. So to take our innovation to the highest level, we need to borrow extensively from them whenever we can.

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Nudity, Great Food and Disruptive Innovation

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Both Playboy magazine and restaurateur Danny Meyer have been in the news this week for disruptive business model innovations that challenge deeply help assumptions within the respective worlds. Disrupting yourself in risky, but can be a hard necessity if the world you operate in is changing in ways that leave you vulnerable to external disruption. However, how many businesses would be able to embrace this kind of reinvention of their business models? When was the last time you confronted you hidden assumptions and 'givens'.

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Why I Moved to Vegas, and What It Can Teach Us About Innovation

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I've fallen in love with living in Las Vegas, but most people think I'm crazy to move here. I may well be, but in my defense, there is a huge difference between the Vegas I know, and the Vegas that automatically springs to most peoples minds. This disconnect between what most people think Vegas is, and how I think of it illustrates two really important biases that can impact innovation, and business productivity as a whole. One is the confirmation bias, the other is the illusion of understanding.

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