Tag Archives: failure

For whom do you create new products?

Woman Hand Picks Symbol Business Man From Row Of Businessmen

According to AcuPoll more than 95-percent of new products fail each year. This harrowing statistic should sound an alarm, one that says the way we approach the conceptualization and launch of new products does not work. Every year, billions of dollars shrivel down to zero. Careers and jobs lost. So much talent and energy gets wasted in the misdirected compulsion ...

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Insights from my Israel Start-up Immersion

Rear view of businesswoman holding gears in palm

I recently had the opportunity to sit down and retreat, reflect, immerse myself in and percolate the generative learning’s from my 6-year misadventure in Israeli start-up land. When I managed to identify, summarize and edit the 5 key learning’s I was surprised at how profound they were and how essential they are, as foundations, to ultimate 21st-century business enterprise innovation and leadership success.

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Innovation Failure Lessons from Virgin, Pfizer, Rock n Roll

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I was called up by Sir Richard Branson's first hire at Virgin Atlantic and recommended to contact a company called F*** Up Nights. Virgin's David Tait had spoken at one of their events in NYC on Virgin's more glorious failures and he thought I may have a story to share. Failure can be a much more powerful learning tool in business than success if we are willing to learn from it.

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10 Great Ideas That Were Originally Rejected

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History has shown us that a lot of wise people haven’t been able to recognize the potential of a great idea. “This ‘telephone’ has too many shortcomings to be seriously considered as a means of communication. The device is inherently of no value to us.” Western Union internal memo dated 1876. “I do not believe the introduction of motor-cars will ever ...

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Why Organizations Fail

A man stands outside a store advertising that it is going out of business in New York

A few weeks ago, my little girl came down with a case of strep throat. From there, things followed a predictable pattern.  My wife soon came down with it as well and then I did too. We took turns lying in bed unproductively, woozy from a high fever and struggling to swallow. It was a silly episode when you think ...

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Can you set targets for creativity? Part 1 – why?

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This is the first of two articles on setting targets for creativity. The topic of part 1 is why targets should be set; part 2 deals with how to set them. There is a stereotypical representation of creativity as a light bulb moment, which in reality isn’t common. Related to this, there is the perception that creativity is something purely ...

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What’s Your Innovation Ambition?

What's Your Innovation Ambition?

As Oscar Wilde said, “We are all in the gutter; but some of us are looking at the stars”.  To me this phrase says a lot about ambition.  It starts with a vision, a dream, an inspiring view of where we want to be in the future.  Of course the bit about being in the gutter is a bit dramatic; ...

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Strategic Canaries

Canary

Animal sentinels, such as canaries in coal mines, provide critical warnings to people in vulnerable positions. Because they more quickly succumb to the danger in the environment, they can give crucial time for people to escape when things have gone horribly wrong. Since innovation is a process of evaluating available options, knowing when one option, or a group of options, should be abandoned.

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