There are two camps on the most effective way to frame an innovative idea. One contends you should emphasize why the idea is desirable. The other says you should focus on how to implement the idea. Which one is right? A research project found that the answer depends on your audience. If you’re making a pitch to novices, focus on why. If you’re making it … [ Read more ]
Content: Article | Authors: Denise Falchetti, Gino Cattani, Simone Ferriani | Source: “Harvard Business Review” | Subjects: Communication, Entrepreneurship, Innovation, Organizational Behavior
You’ve got to send people out in different boats to explore new ideas, but when you see the signs of success, make sure you’ve got the ability to double down in real-time on the winning boat.
Content: Quotation | Author: Jeff Lawson | Source: “First Round Review” | Subjects: Entrepreneurship, Innovation
Innovation springs from many sources…
Necessity: the mother of invention.
Experience: the wisdom to recognize what must be changed.
Inexperience: the fearlessness to follow instincts.
Intelligence: the wits to make things happen.
Drive: the need to do it first and to do it best.
Persistence: the strength to see it through.
Content: Quotation | Author: Unknown | Subject: Innovation
People who are more creative also tend to be more playful, unconventional, and unpredictable, and all of this makes them harder to control. No matter how much we say we value creation, deep down, most of us value control more. And so we fear change and favor familiarity. Rejecting is a reflex.
When the same tests are applied to decision-makers and authority figures in business, … [ Read more ]
Content: Quotation | Authors: Kevin Ashton, Shane Parrish | Source: “Farnam Street” | Subjects: Hiring, Human Resources, Innovation, Organizational Behavior
As business environments become more changeable and long-term growth rates decline, companies increasingly need to innovate—across their operations, offerings, and business models. We know the powerful effects of innovation, but what is upstream of innovation? How can we understand and shape the murky mental territory that leads to good ideas: the realm of imagination?
Content: Article | Authors: Jack Fuller, Martin Reeves | Source: “Boston Consulting Group (BCG)” | Subject: Innovation
You should trade being short-term low-status for being long-term high-status, which most people seem unwilling to do. A common way this happens is by eventually being right about an important but deeply non-consensus bet. But there are lots of other ways–the key observation is that as long as you are right, being misunderstood by most people is a strength not a weakness. You and a … [ Read more ]
Content: Quotation | Author: Sam Altman | Subjects: Career, Entrepreneurship, Innovation, Organizational Behavior, Personal Development
Despite all the talk from leaders about innovation and investment in developing new products and services or new lines of business, growth remains elusive.
A big part of the growth problem is most corporate innovation initiatives, siloed in R&D divisions and idea labs or corporate accelerators, never reach customers. These initiatives are very good at generating ideas but weak in commercialization.
Why? Because companies are too … [ Read more ]
Content: Article | Author: Sangeeta Bharadwaj Badal | Source: “Gallup Management Journal” | Subject: Innovation
Too many people believe that speed is the enemy of quality. To an extent they’re right — you can’t force innovation and sometimes genius needs time and freedom to bloom. But in my experience, that’s the rare case. There’s not always a stark tradeoff between something done fast and done well. Don’t let you or your organization use that as a false shield or excuse … [ Read more ]
Content: Quotation | Author: Dave Girouard | Source: “First Round Review” | Subjects: Innovation, Management, Organizational Behavior
Controlling innovation is an oxymoron. You inspire innovation. You support innovation. Unlike the quality process, where the goal is to reduce variability, innovations require you to look for ways to increase variability. And business model innovation is scary because it is the toughest to take on.
Content: Quotation | Author: Reed Hastings | Source: “ChangeThis” | Subject: Innovation
High failure rates, in our experience, are often correlated with inattention to assumptions, which underlie all innovation initiatives. Companies often confuse assertions with assumptions, stating confidently what “should be true” for an innovation concept (for example, the price premium that customers will pay) instead of acknowledging that it is merely a strong hypothesis that needs to be validated. We therefore encourage management teams to place … [ Read more ]
Content: Quotation | Authors: Brian Quinn, Daniel Cohen, Erik Roth | Source: “McKinsey Quarterly” | Subject: Innovation
You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.
Content: Quotation | Author: Buckminister Fuller | Subjects: Change Management, Innovation, Strategy
Success in this new era of accelerated disruption requires a holistic approach to technology.
Content: Article | Author: Sameer Hasija | Source: “INSEAD Knowledge” | Subjects: Innovation, Management
Genius is always recognized in hindsight, with the benefit of positive results in mind. We “cherrypick” the good results of divergent thinkers, but forget that we use the results to decide who’s a genius and who isn’t. Thus, tolerating divergent, genius-level thinking requires an ability to tolerate failure, loss, and change if it’s to be applied prospectively.
Content: Quotation | Author: Shane Parrish | Source: “Farnam Street” | Subjects: Innovation, Organizational Behavior
The paths that lead to new ideas tend to look unpromising. If they looked promising, other people would already have explored them. How do the people who do great work discover these paths that others overlook? The popular story is that they simply have better vision: because they’re so talented, they see paths that others miss. But if you look at the way great discoveries … [ Read more ]
Content: Quotation | Author: Paul Graham | Subject: Innovation
Crowds are not inherently wise. They become so under the right set of conditions.
Content: Article | Authors: Henning Piezunka, Lars Bo Jeppesen, Linus Dahlander | Source: “INSEAD Knowledge” | Subjects: Innovation, Organizational Behavior
Talk all you want about strategy and operational efficiency—the truth is, firms succeed because they offer something irresistible.
Content: Article | Authors: Bill Ding, Jian Sun, Stephen W. Dyer | Source: “Kearney” | Subject: Innovation
We’ve done a lot of research around what really makes for a high-performance innovation team. What we’ve found is that, if you go to Silicon Valley or Berlin or Singapore or Israel and look for the entrepreneurs—individual founders—they overweight slightly on the vision and the collaborations and underweight slightly on the execution and learning. But again, it depends on the individual.
But in a corporate environment, … [ Read more ]
Content: Quotation | Author: Erik Roth | Source: “McKinsey Quarterly” | Subjects: Innovation, Organizational Behavior
One of the questions we often get asked is, “How do I get the best innovation talent into my organization?” It’s an interesting question because of course we all want to find the most talented individuals and the most high-performing individuals to drive some of our most important endeavors.
But as we look at innovation, what we’re finding is there just aren’t that many people who … [ Read more ]
Content: Quotation | Author: Erik Roth | Source: “McKinsey Quarterly” | Subject: Innovation
To catalyze breakthrough growth, leaders must set bold aspirations, make tough choices, and mobilize resources at scale.
Content: Article | Authors: Brian Quinn, Daniel Cohen, Erik Roth | Source: “McKinsey Quarterly” | Subject: Innovation
Consider comedians. Comedians don’t live in a different world [than] everyone else; they just see the humor in it. Likewise, entrepreneurs see opportunity where the majority sees mature, intractable markets. Entrepreneurial epiphanies come from a beginners mind, not a jaded one.
Content: Quotation | Author: Anne Dwane | Source: “First Round Review” | Subjects: Entrepreneurship, Innovation