Innovation

An Innovation ‘Quick Fix’

Recently we received a call from a potential client. The individuals I spoke with noted a number of significant issues preventing them from innovation effectively. As I recall there were several significant issues: an ‘engineering’ oriented culture, several large customers who demanded exceptionally high quality, few competitors and a complete lack of risk taking in the organization. The good news ...

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Discovering Innovation Around the House

Last night I was hungry and decided to make some tuna fish. I opened my refrigerator and found an 18 ounce squeeze bottle of mayonnaise. As I started to make my meal, I realized that the mayo had expired 6 months ago. I guess I don’t use it very often because the bottle was still 90% full. After throwing out ...

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Don't Fear Change – Embrace It

“Leading Change” is clearly more difficult than arriving at the realization that change is needed… If you want to validate the prior statement reflect back on all of the “change agents” that have crossed your path over the years and ask yourself the following question: How many of them have truly succeeded? While we’ve heard a lot about change of ...

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Is Your Innovation Drowning in Cash?

Jason Zweig writes the Intelligent Investor column for the Wall Street Journal. His recent contribution oddly echoed a query I received the prior Thursday during a speaking engagement in New York. Referencing the ‘Loss of Nerve’ principle in “When Growth Stalls”, my questioner wanted to know if it was prudent to conserve all the cash he could during the economic ...

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Innovation by Collaboration

People collaborate to innovate. But what about the other way around? Could a structured innovation approach be used to bring people closer together? In other words, collaboration becomes the endpoint and innovation becomes the means to that end? Collaboration is where two or more people or organizations work together in an intersection of common goals. Collaboration is seen as an ...

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Even Sheep Avoid the Commodity Trap

One of the unwritten rules of Lovemarks is don’t get stuck in the commodity quadrant, the realm of raw products and raw actions. For service industries like travel, this is unforgivable, which is why I will only fly on an American airline out of desperation or duress. For land based industries which originate in the commodity zone, global integration has ...

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Top 10 Tips for the Innovation Leader

1. Have a Vision for Change You cannot expect your team to be innovative if they do not know the direction in which they are headed. Innovation has to have a purpose. It is up to the leader to set the course and give a bearing for the future. You need one overarching statement which defines the direction for the ...

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Congratulations to the BIF-5 Contest Winner

Voting is now closed, and we have a winner for my ticket to the Business Innovation Factory (BIF-5) conference October 7-8, 2009 in Providence, RI. Here again were the Three Finalists: Creating a Bachelor of Innovation by Dr. Terrance E. Boult, University of Colorado at Colorado Springs Breaking Innovation Barriers by Looking Beyond by Vyoma Kapur, Colspark LLC A Nightmare ...

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What are you doing to innovate for an obese America?

The Wall Street Journal reported this week on the huge price being paid in health-care spending due to America’s rapidly expanding waistlines: $147B. How are we as innovators leading companies to address this head on? Lecturing, hectoring and “education” aren’t changing what’s on America’s plate, or at least not quickly enough. I recommend reading Hank Cardello’s book “Stuffed: An Insider’s ...

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