Tag Archives: culture

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 ...

Read More »

What is the best time to build a culture of innovation?

You already know that “culture eats strategy for breakfast.” When do you start paying attention to your company’s culture and changing it? My research made me realize that the reason people are more creative when they work in startups than when they work in mature companies is due to the difference in culture of those two types of companies. I don’t need to convince you ...

Read More »

One Hiring Mistake That Most Startups Make

The growth stage of a startup is scary and painful. With perfectly good intentions, founders make this mistake, that may lead to the company’s failure. When a startup is born, its founders are the creators of everything. They are the ones responsible for product (or service) development, for initial marketing and sales, and everything else that’s needed. They get their hands real dirty. When they ...

Read More »

The Bright (and Innovative) Future of the Mom and Pop Shop

Small businesses can't compete with the massive logistics machines and bargaining power of mega retailers. Prime retail space prevents competing with the cost structure of online retailers, who ship out of low-rent warehouses, and may avoid sales tax for being out-of-state; or they can't offer same variety of online retailers. Yet, there is a future for small businesses...if they understand their advantage.

Read More »

Five Innovation Lessons from 3M

3M is an iconic innovative company. Although mostly known for “sticky and scratchy things” (post-its and sandpaper), 3M have over 55,000 products, releasing 25 new products per week and had over 3700 global patents granted in 2016. Over 90,000 employees, 200 manufacturing plants and 86 labs are all focused on progressing 3M’s innovation agenda, but how do 3M maintain and ...

Read More »

The Ideas Problem

The Ideas Problem - Innovation Excellence

Ideas are the problem. I suspect many of you have heard this statement as often as I have. It’s usually translated as “we don’t have enough ideas”. Yet when you dig beneath the surface, you find that the bald statement isn’t always as it first appears. In this post, I’d like to offer some different translations of “Ideas are the problem”.

Read More »