Tag Archives: Strategy

Seizing the White Space for Innovation

A while ago I received Seizing the White Space by Mark W. Johnson in the mail. Seizing the White Space is an approachable 200 pages, and is an easy, and pleasant read. The book is focused on business model innovation and introducing a simple framework for thinking about potential business model innovations and evaluating the positives and negatives of a potential business model. The book first defines 'white space' with the following two-by-two matrix:

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The Five Senses of Innovation

How do you know if someone is truly innovative? I look for three things. First, does the person have a cognitive process for generating new ideas? Innovation is a skill, not a gift. It can trained and learned like any other skill. So I expect successful innovators to have such training and be able to deploy ideation methods - on demand.

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Sustaining the Case for Innovation

A few weeks ago I attended a meeting of Innovation Directors from many different industries, where we shared our experience of making the case for innovation and sustaining the investment with or without having to re-make the case every year. From those discussions, I took away a very simple model – a virtuous circle indeed – to sustain the case for investment in innovation.

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How Companies Pursue Greatness

James Wynn, Strategy Principal at SYPartners talks with Lou Killeffer about two of the world’s great businesses and brands, IBM and Starbucks, and how companies pursue greatness. This is the first in an exclusive series of Innovation Conversations that looks inside how some companies become great and stay great…

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Five Ways to Commit Innovation Suicide

Customers change. Competitors change. Technology changes. If you don’t do anything, new and competitive products catch up and overtake your products and services quickly. A study by A.D. Little has shown that the life cycle of products has decreased by factor 4 the last fifty years. So innovation is essential.

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The Big Innovation Leap

How does a company move from a phase where innovation is more about awareness or curiosity to a phase where innovation is a capability that becomes a key element in the overall strategy? This is a big innovation leap that many corporate innovators struggle with.

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How Gilt Got Built

For anyone who has ever dreamed of starting and growing a business, By Invitation Only: How We Built Gilt and Changed the Way Millions Shop, by Alexis Maybank and Alexandra Wilkis Wilson is an absolute must-read. Their story, from how they met at Harvard Business School to their billion dollar business, is a page turner filled with real world insights and lessons every entrepreneur can profit from.

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How to be More Innovative in 5 Easy Steps

This is one of those posts where the topic feels so large and so poorly defined as to be almost impossible to describe. Yet we get this question all the time - what can we do to be more innovative? Every firm is in a rush to become more innovative, yet few have the time, resource or attention required. I'm going to address in this post how to create an innovation discipline, since we believe that is the only way to sustain competitive advantage.

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