Why the Test & Learn Approach Does Not Work

Why the Test & Learn Approach Does Not Work - Innovation Excellence

The in-market test & learn approach to innovation is becoming increasingly common, because it meets the cultural needs of modern businesses to behave entrepreneurially. At The Strategy Distillery we believe (and have witnessed) this approach is life threatening to the future success of a newly launched product or service. Here's why...

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Five Tips for Prioritizing Every Day

Five Tips for Prioritizing Your Day - Innovation Excellence

This past weekend, after finally completing the book I’ve been working on for more than 2 years (The Moral of the Story), I was looking forward to relaxing a bit with the family. However, it didn’t take long before thoughts of all the things still on my plate for the weeks ahead began causing anxiety. In addition to the typical ...

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4 Easy Ways to Retain Your Top Talent

The biggest challenge and greatest reward come from keeping the best people. Here’s how… Creating a world-class team is tough enough but keeping the team together, especially when you’re growing a company, is one of the greatest challenges you will face. One of the cornerstones of the success of my first Inc. 500 company was putting together a core team ...

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What Appears to be Strategy Often is Not

I regularly engage in hansei (reflection) after each of my facilitation engagements. It’s a simple learning mechanism, essentially an after-action process of asking: what I expected to happen (my hypothesis if you will), what actually happened, and what explains the gap, if there is one. And there invariably is. The gap is where learning and insight live. It creates new knowledge. It’s ...

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Attention Residue and Innovation

I recently came across Sophie Leroy’s academic paper, “Why is it so hard to do my work? The challenge of attention residue when switching between work tasks” Leroy, an organisational psychology professor from the University of Washington, researched why it was so difficult to maintain productivity from one work-task to the next. Her findings, unsurprisingly, discovered that: “People need to stop ...

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Invent IT: Lufthansa Intrapreneurs Program

Lufthansa Systems, IT services provider in the airline industry with over 300 airline customers, initiated an Intrapreneurs program named Invent IT in 2007-2008. New Business and Innovation manager at Lufthansa Systems, and key executive of the program, Carina Leue-Bensch takes us step by step through this extensive journey, and draws some leassons learned out of this 10 years experience.

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