When More is Less in Crowd-sourcing Innovation

In most organizations, there is an omnipresent quest for more. With crowd-sourcing innovation programs, the first impulse is to seek more ideas. Is more really better? What about idea quality? Does ‘more ideas’ work against idea quality? And if so, then what do you do about it? In 2011, I launched the employee open innovation program at UnitedHealth Group (Fortune ...

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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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Why You Need To Understand Noah Effects And Joseph Effects

In 1958, a brilliant young mathematician named Benoit Mandelbrot went to work as a researcher for IBM. His first assignment seemed like a straightforward problem, but turned out to be devilishly complex. He was tasked with figuring out how noise in communication lines arises and identifying some way of minimizing it. His solution was simple but ingenious. He realized that ...

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More Ideation means more Innovation – Simple

Spigit is a leading innovation management software company.  They recently published a research paper entitled ‘Quantifying a Culture of Innovation.’  Northwestern University’s Kellogg School of Management carried out a study of data from 154 corporate customers of Spigit over a five year period.  The findings are instructive.  They report a significant correlation between ideation rates (generating good ideas) and profit ...

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How to Prevent the Digital Dark Ages

On January 24, 2018, during the 48th World Economic Forum Annual Meeting in Davos, Switzerland, business leaders from around the world convened to launch the formation of the Global Centre for Cybersecurity. The primary reason? To “prevent a digital dark age.” According to a press release on the event: Cyberattacks could cripple economies, nation states and society without collaboration and ...

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What You Must Consider to Remain Relevant

For some time now I have believed 70% of my knowledge is obsolete. People look at me strangely when I say this. How can all those years of experience be wasted? If you were told that students graduating in 2016 will have obsolete qualifications for which there will no longer be a profession by 2025, how would you feel? Devastated ...

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