Management

Innovation’s #1 Success Dynamic

We all know that innovation success is hard to come by – for decades about 75% of all innovations have failed within five years, with most failing in 18-24 months. For an innovation to succeed, it needs to switch many (often very, very many) direct and indirect competitive product users to the innovative product.

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Get Your Free Visual Project Charter™

The truth is that for most of us project managers, whether we want to admit it or not, the process of creating a project charter is one that we often dread. We sit there in front of a Microsoft Word template like the one in figure 1 blinking at us on the screen and realize just how much missing or incomplete information we have when we begin...

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How Numbers Lie

It’s easy to laugh off an academic squabble. When over-educated combatants square off in an arena that most people don’t even know exists, few take notice. Yet some reverberate outside the academic world and I suspect that Paul Romer's assault on mathiness, ably summarized by Justin Fox at Bloomberg View, will be one of them.

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Stop Frustrating Your Innovators

A study among US companies shows that employees of corporations are eager to be entrepreneurial. More than half of those surveyed (52 percent) have pursued an entrepreneurial idea within their company. But what they lack, is support from their management. Only one in five employees feels supported by their management to be entrepreneurial.

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Innovation and The Art of Implementation (Part 3)

Innovation without implementation is mere ideation. And buyer beware: this “mere” ideation can often be expensive, morale-killing, and potentially business-imploding. To prevent getting infinitely stuck in the ideation phase wasteland, remember that innovation typically doesn’t fail due to a lack of creativity but rather due to a lack a discipline.

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