Management

Reversing Your Company’s Shrinking Lifespan

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We are all living longer than we used to but the companies we work for are not. Corporate life expectancy is at a serious decline. Our life expectancy has increased by almost 30% in the last 80 years but corporate life expectancy has fallen by almost 500% in the same period. This rapid rate of decline started in the 60s ...

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Key Innovation Lessons from the Nuclear Industry

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One of my favorite parts about writing about innovation is receiving insightful comments from readers with diverse experiences and perspectives.  Recently, a junior colleague with expertise in organizational research, learning, and performance made a connection between my previous article on the need to de-risk innovation and the key traits of high-reliability organizations (HROs).  HROs, such as nuclear power generation and air traffic control, are ...

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Your New Idea is not Where You Think it is

Your New Idea Is Not Where You Think It Is

In the 1950s, in rural Oklahoma, at a place called Robbers Cave, several researchers performed an experiment we would find unethical today. They invited twenty-two eleven-year-old boys to participate in a three week camp. The researchers advertised a wholesome summer camp experience. The experience they delivered was very different.

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What if We Listened to All of Our Stakeholders?

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For the past year, I’ve been working with a Baptist minister, Rev. Jeffrey Brown, to help fund and scale his proven approach to violence reduction. Rev. Brown has spent the past 25+ years helping Boston and 21 other communities reduce violence. His TED talk tells the story about the The Boston Miracle — a 29 consecutive month period of zero juvenile homicides. As ...

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Top 20 Innovation Articles of August 2016

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Drum roll please… At the beginning of each month we will profile the twenty posts from the previous month that generated the most traffic to Innovation Excellence. We also publish a weekly Top 8 as part of our FREE email newsletter. Did your favorite make the cut? But enough delay, here are August’s twenty most popular innovation posts: How Many ...

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Innovation and Organizational Culture

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Recently, the Boston Consulting Group (BCG) has published key findings of their latest “Most Innovative Companies 2014” survey. Beside the annual ranking, headed by the top three companies Apple, Google and Samsung, some insightful outcomes with regard to organizational and cultural requirements have striked my eye. According to BCG’s research, successfully innovating companies approach innovation as a system. The system is rooted in experimentation, and, like all adaptive systems, ...

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Innovation and How to Recruit and Retain Top Millennial Talent

Innovation and How to Recruit and Retain Top Millennial Talent

A key element to successfully implementing innovation is finding and keeping the right people. While it goes without saying that financial capital is critical for innovation implementation, it’s not the organization that has the most money but rather the organization that best utilizes its human capital that will have the best shot at “winning” the innovation race. Ten years from now, Millennials are projected to make up around 75 percent of the global workforce.[1] The Millennial Generation represents the future of your business; accordingly, recruiting and retaining top Millennial talent must be an organizational priority.

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