Management

Essential Skills for 21st Century Survival (Part 1)

Pattern Recognition by Venessa Miemis Over the past few months, we’ve been discussing the various skills needed for effectively operating in a world characterized by information and accelerating change, and I’ve been assembling these ideas into a framework for a new thought architecture. This post will be the first in a 12 part series, and draws its influences from the ...

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Communication in Open Innovation

Unilever, Cisco, Whirlpool by Andrea Meyer Point: Good communication skills drive open innovation and collaboration Story: At the World Research Group’s 2010 Open Innovation Summit, many presenters stressed the role of communication for both innovation leaders and in promoting open innovation initiatives. Top-notch communication skills with senior executives, peers, partners help drive open innovation success. Stefan Lindegaard, author of “The ...

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Staying 'Back from Vacation' Fresh

Even if you keep your laptop closed and Blackberry turned off, you likely think about work when on vacation. But outside of the daily hustle and fire-drills, you likely think about work a whole lot differently. You aren’t as tactical, and you’re not as reactive. You’re not thinking about things 30 minutes ahead. Rather, you’re taking time to think about ...

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Embracing Democratic Innovation

In speaking to many clients who are embracing collaborative innovation whole-heartedly, I frequently get clients who mention that they want to allow participants to take part in the evaluation process too. A natural desire in reality – especially in the age of open software development, crowd-sourcing, and other collaborative efforts going on in the world out there. Personally I think ...

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Don’t Hire Experience, Hire Learners

A few weeks ago, the Australian Financial Review published an article discussing how Australian employers value job candidates with an MBA. The short summary is: they don’t value MBAs at all. One headhunter was quoted saying something along the lines of “most employers say that if you have to choose between getting an MBA or getting two more years of ...

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Innovation is Interrelated and Interdependent

One of the most illuminating comments I heard recently in a training program we offered was one participant’s realization that innovation, especially bringing a new idea to fruition, might require more than just product innovation. It may involve innovating the way the firm thinks, the way it works, how it manages and how it performs. In other words, when you ...

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Do you know what business you are NOT in?

The title of this post was the original working title of the Harvard Business Review article that I co-authored that was published in 2008. I still use the phrase often, for the simple reason that it is very frequently the case that where a company makes its money isn’t where we would expect. The fact that McDonald’s is the largest ...

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Finding Opportunities in Fragmentation

Point: If you’re looking for a new business opportunity, look for individually-fragmented but collectively large areas of economic activity, such as where individuals or small business own a large segment of the market Story: A business model that connects small businesses and individuals to markets and automates tedious tasks was common to three of 11 new start-ups seeking funding at ...

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