Strategy

Do You Have a Powerful Innovation Story?

Many, but not all, innovations involve some kind of technology, and start as an invention. Many of these technology-based inventions that may eventually become innovations are created by startups, but many are created inside large companies as well. In both cases, these technology-based potential innovations are often created by engineers or technologists that are well-versed in the problems they are ...

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Startup Engagement in Corporate Innovation

Recently, Match-Maker Ventures and Arthur D. Little have released an interesting report, titled “The Age of Collaboration“. The study does a good job in synthesizing the global state of play of corporate-startup collaboration and latest findings on success requirements for its implementation. More and more corporations seek to engage with startups by pursuing corresponding activities across dedicated ecosystems and incorporating them in exploration units along with ...

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The 5 Biggest Threats To FMCG Companies

Most FMCG has been pretty much insulated from the challenge of disruptive new business models by having brands with strong equities, good relationships with retailers, and prohibitively expensive manufacturing set-ups. However, it is not going to stay this way. There are 5 trends that together are starting to create a very explosive environment. And if you want further evidence that it is ...

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How to Capture Your Strategy in a Single Sentence

If I were to ask you what your company/unit/team strategy is, could you answer in a single sentence? Is that even possible? And even if it is, why would you want to (other than to respond to some smart-aleck strategy facilitator)? I know it’s possible, and there are several worth reasons for stating strategy in a sentence. First, because every ...

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Innovation and Strategy Need Opposite Types of Motivation

The proper motivation… For a long time it was accepted that incentives, and specifically financial incentives, would motivate any type of desired business behavior. In other words–everyone has a price. There are two main types of motivation: intrinsic and extrinsic. Intrinsic motivation comes from within the task itself, and directly by the value of the benefit from completing it. Extrinsic motivation has nothing to ...

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A Sniff Test for Strategy

When it comes to developing strategy using the Play-to-Win framework, the most difficult question to answer is “How will we win?” From what I’ve observed and experienced in facilitating countless strategy sessions, I believe the reason it’s so difficult is that there is a tendency to discuss and answer the question in the abstract, which results in generic responses that ...

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Six Innovation Traps to Avoid From the Start

Having recently concluded my fourth leadership tenure as “The Innovation Guy” in a corporate setting, I thought I’d share some patterns that seem to emerge when introducing innovation systematically to organizations with low innovation maturity. Since the sample size is small, there is certainly no statistical significance. However, it doesn’t appear to matter whether an organization is for profit, not-for-profit, ...

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The Essential Connection Between Strategy and Innovation

Most organizations are seeking solutions to the necessary connections between Strategy and Innovation. The connection between the two is often broken. Often it is within the strategies that should be outlined, lies the potential new spaces to play for innovation’s design. Yet how often do we fail to connect the innovation’s we design and execute specifically aligned to the strategic ...

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