Learn from the Best: Google’s Nine Principles of Innovation

Google is widely considered, by both the general public and business experts, to be one of the most innovative companies in the world. So how does Google promote a culture of innovation and ensure that innovative ideas are properly implemented, creating profitable new products that position the company for long-term success? Google’s “recipe” for driving innovation is no carefully guarded secret sauce. Rather, Google has openly shared this information with the public.

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The Power of Unplugging

The Power of Unplugging

A favorite vacation spot is the Forgotten Coast, a cape wedged in between the sea and a bay. The best part of the location is that a smartphone connection does not work. All of the incessant demands of running a business, having clients, making social media updates, keeping up with news for organizations for whom we serve on boards: poof, gone.

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How America Became Exceptional

In 1929, just before the stock market crash, Louis Bamberger and his sister, Caroline Bamberger Fuld, sold their department store in Newark to R.H. Macy and Company for $25 million ( $343 million in 2015 dollars). Grateful to the people of Newark for their support, they planned to endow a medical college in that city. Yet when they approached Abraham Flexner, the foremost authority ...

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Reversing Your Company’s Shrinking Lifespan

We are all living longer than we used to but the companies we work for are not. Corporate life expectancy is at a serious decline. Our life expectancy has increased by almost 30% in the last 80 years but corporate life expectancy has fallen by almost 500% in the same period. This rapid rate of decline started in the 60s ...

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Key Innovation Lessons from the Nuclear Industry

One of my favorite parts about writing about innovation is receiving insightful comments from readers with diverse experiences and perspectives.  Recently, a junior colleague with expertise in organizational research, learning, and performance made a connection between my previous article on the need to de-risk innovation and the key traits of high-reliability organizations (HROs).  HROs, such as nuclear power generation and air traffic control, are ...

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How to Start Innovation with an Idea

The Innovation Maze

The Idea Route Google, currently a company with a market capitalization of $ 500 billion, started as just an idea. In 1995, the idea for “downloading the entire web onto computers” came to Google inventor Larry Page in a dream when he was 23 years old. He claimed, “I spent the middle of that night scribbling out the details and ...

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Why Limit Yourself?

Why Limit Yourself?

When consulting with clients in this Memphis area, we often have to deliver the bad news first. This bitter pill usually comes in the form of a Sunset Analysis that details when the client’s once market-leading products will be costing more to keep in production than generating revenue.

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