Are Petrol Stations the Future of Starbucks?

Recently the Seattle Times published an article from the Washington Post highlighting a gas station in Maryland that has made the bold move of turning off its gas pumps and installing electric charging stations in their place. Which got me thinking… Given that in the early days of automobiles you had to go to the pharmacy and buy gasoline in ...

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Facebook’s Latest Move Should Terrify You

The biggest risk facing the rise of tech giants such as Facebook, Google, and Amazon isn’t privacy, it’s this. If you fear the conversation about the loss of privacy, which has brought companies such as Facebook to the forefront of our collective psyche, then this should terrify you. You’ve likely seen news coverage about the back and forth between Democratic ...

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Top 20 Innovation Articles of September 2019

Drum roll please… At the beginning of each month we will profile the twenty posts from the previous month that generated the most traffic to Innovation Excellence. We also publish a weekly Top 8 as part of our FREE email newsletter. Did your favorite make the cut? But enough delay, here are September’s twenty most popular innovation posts: Leading People ...

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Planning for the Most Important Customer of a Corporate Innovation Program

Top corporations spend almost $825Bn on innovation, yet 19 out of 20 innovation efforts fail. Given its (often existential) importance and focus, why is innovation success so scarce? (Source: 2018 BCG Global Innovation Survey, 2019 PitchBook study) One reason is that innovation teams, even those using the most customer-centric development approach, often fail to adequately plan for their most important ...

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5 Psychological Traits of Highly Innovative Organizations

When creating an innovation team, we often put a lot of thought and effort into bringing the right functional expertise together. Making sure we have diverse marketing, design, engineering, product supply, finance, research and innovation working together early in the process is certainly smart. But for a team to deliver big, disruptive ideas that will have separation and longevity versus competition, ...

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Biomedical AIntrepreneurship update and challenges

Biomedical AIntrepreneurship describes the practice of creating AI products and services to solve bioscience (drugs and devices) and clinical problems. As such, it is the pursuit of opportunity under conditions of uncertainty with the goal of creating user defined value through the design, development and deployment of biomedical innovations that use a predominantly AI backbone, platform or foundation that have ...

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How A Networked Culture Drives Innovation

In Who Says Elephants Can’t Dance, the bestselling memoir of the his historic turnaround at IBM, Lou Gerstner wrote, “I came to see, in my time at IBM, culture isn’t just one aspect of the game—It is the game. In the end, an organization is nothing more than the collective capacity of its people to create value.” There has been ...

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Entrepreneurial Efforts for Innovation Must Fit Your Brand

To meet ever-increasing growth objectives, established companies want to be more entrepreneurial. And the thinking goes like this – launch new products and services to create new markets, do it quickly and do it on a shoestring. Do that Lean Startup thing. Build minimum viable prototypes (MVPs), show them to customers, incorporate their feedback, make new MVPs, show them again, ...

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