Strategy

Reversing Your Company’s Shrinking Lifespan

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

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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Why Limit Yourself?

Why Limit Yourself?

When consulting with clients in this Memphis area, we often have to deliver the bad news first. This bitter pill usually comes in the form of a Sunset Analysis that details when the client’s once market-leading products will be costing more to keep in production than generating revenue.

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Four Things You Should Know About Platforms

Four Things You Should Know About Platforms

Steve Jobs didn’t want to build an app store.  As Walter Isaacson describes in his biography of Apple’s founder, the famously controlling Jobs was wary of the “bandwidth” needed to police a veritable army of third party developers. At first, he wouldn’t even discuss it. Yet eventually, even Jobs had to relent and the App store has become an enormous success.  Last ...

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Top 20 Innovation Articles of August 2016

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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The Uncertainty Problem

Business runs on certainty.  Investors want predictable profits and will punish companies that vacillate up and down.  Managers want accountable employees who they can trust to get things done.  Customers want to deal with firms that they can be sure will be around next week. When things are uncertain, penalties are imposed. Valuations tumble, people get fired, customers flee.  That’s ...

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Artificial Intelligence and the Consulting Industry

Artificial Intelligence and the Consulting Industry

The same technologies that have led to the growth of consulting companies over the last couple of decades, will begin to lead to a shrinking of those same consulting firms. The increasing diversification of the large global consultancies into other specialties is the first step to what is an inevitable shrinkage forced upon the industry by three factors.

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