702 Posts Found

We have not found a single market where customer needs are homogenous. Yet, time and time again, companies design products for the average customer.

Content: Quotation | Authors: Georg Tacke, Madhaven Ramanujam | Source: First Round Review | Subjects: Innovation, Management, Marketing / Sales

Sometimes (often, actually) in business, you do know where you’re going, and when you do, you can be efficient. Put in place a plan and execute. In contrast, wandering in business is not efficient … but it’s also not random. It’s guided – by hunch, gut, intuition, curiosity, and powered by a deep conviction that the prize for customers is big enough that it’s worth … [ Read more ]

Content: Quotation | Author: Jeff Bezos | Subjects: Innovation, Management | Company: Amazon.com Inc.

One of the things that give startups an advantage is that they’re exploring in a way that established companies aren’t able to. Enterprises have an innovation problem. Startups are exploratory. But what we have to realize is that the very act of setting a goal makes you become more and more enterprise-like. You stop exploring other avenues, strategies, products, and motions that you could be … [ Read more ]

Content: Quotation | Author: Annie Duke | Source: First Round Review | Subjects: Entrepreneurship, Innovation

All ideas are second-hand, consciously and unconsciously drawn from a million outside sources.

Content: Quotation | Author: Mark Twain | Source: Brain Pickings | Subject: Innovation

New ventures often fail—but digital capabilities change the odds. By following a business-building playbook based on your company’s strategic assets, you can accelerate growth dramatically.

Content: Article | Authors: Austin Gispanski, Beth Viner, David Tang-Quan, James Tucker, Jürgen Eckel, Ketil Gjerstad, Sylvain Duranton, Yoichiro Hirai | Source: Boston Consulting Group (BCG) | Subjects: Entrepreneurship, Innovation, Strategy

As soon as you take innovation seriously, you start having to throw up in the air so many of the things we learn in mainstream economics: unique equilibria, representative agents, perfect competition. Indeed, the mathematics that we’re taught in mainstream economics departments mainly comes from Newtonian physics. It allows nice, smooth curves to be drawn where there is a maximum point (important if firms are … [ Read more ]

Content: Quotation | Author: Mariana Mazzucato | Source: strategy+business | Subjects: Economics, Innovation

Five lessons for incumbents on how to build and scale new digital ventures—and increase their odds of success.

Content: Article | Authors: Nimal Manuel, Ralf Dreischmeier, Tomas Beerthuis, Tomas Laboutka | Source: McKinsey Quarterly | Subjects: Entrepreneurship, Innovation, Management

The difference between an idea and a product is that you’ve solved the problems. When someone says to me, “Well, you can’t do this for these reasons,” all it means is that there are problems to be solved. If they can be solved, the idea transitions into becoming a thing. If they can’t, it remains an idea.

Content: Quotation | Author: Jony Ive | Source: McKinsey Quarterly | Subjects: Entrepreneurship, Innovation

Worries about failure, criticism, and career impact hold back many people from embracing innovation. Here’s how to create a culture that accounts for the human side of innovation.

Content: Article | Authors: Alex Morris, Erik Roth, Laura Furstenthal | Source: McKinsey Quarterly | Subjects: Best Practices, Innovation, Organizational Behavior

Theories illuminate paths to value that might otherwise remain unseen. Managers and entrepreneurs who hold the flashlight of theory can avoid the streetlight effect—the human tendency to search only where the light already shines, where things are already evident.

Content: Quotation | Authors: Alfonso Gambardella, Teppo Felin, Todd Zenger | Source: Management and Business Review (MBR) | Subjects: Innovation, Management

So often, we tell people to do out-of-the-box thinking. Then we stick them in the room and tell them to brainstorm. Well, brainstorming is a great way to share the knowledge that’s in the room. But it’s not out-of-the-box thinking. Out-of-the-box thinking requires you to search far and wide for how different industries and different people at different points in time have solved for analogous … [ Read more ]

Content: Quotation | Author: Sheena Iyengar | Source: McKinsey Quarterly | Subject: Innovation

This article presents some practical guidelines for executives seeking to design a high-impact innovation culture. It also outlines four areas of focus that offer a clear path for change, drawing on examples from leading innovators.

Content: Article | Authors: David Blanchard, Deborah Lovich, Hannah Lu Schmitt, Johann D. Harnoss, Justin Manly, Robert Werner | Source: Boston Consulting Group (BCG) | Subjects: Culture, Innovation, Organizational Behavior

When a market is up for grabs, the risk isn’t inefficiency — the risk is playing it too safe. If you win, efficiency isn’t that important; if you lose, efficiency is completely irrelevant.

Content: Quotation | Authors: Chris Yeh, Reid Hoffman | Source: strategy+business | Subjects: Entrepreneurship, Innovation

Instead of just looking at new innovation opportunities through the classic lens of financial impact/ROI, organizations should be evaluating opportunities against a “triple bottom line” consisting of people (community/social impact), profit (financial return), and planet (environmental benefit). There is an opportunity to leverage impact investing metrics like Impact Multiple of Money (IMM) that combine all three lenses.

Content: Quotation | Authors: Sanjay Macwan, Scott A. Snyder | Source: Knowledge@Wharton | Subjects: Finance, Innovation

Here’s how to balance psychological safety and intellectual honesty for better team performance.

Content: Article | Author: Nathan Furr | Source: INSEAD Knowledge | Subjects: Culture, Innovation, Organizational Behavior

One of the biggest challenges facing organizations today is the need to be agile. To achieve this goal, leaders must seek a deeper understanding of the power of social interaction in furthering the flow of ideas, information, and insight. Michael Arena explains how building relational structures that foster 4D connections, discovery, development, diffusion, and disruption, can usher in the new, innovative ideas and concepts necessary … [ Read more ]

Content: Article | Author: Michael J. Arena | Source: Management and Business Review (MBR) | Subjects: Innovation, Organizational Behavior

Over the past 10 years, innovation has become a buzzword.

The use of the word has doubled during the earnings calls of S&P 500 firms and, according to the World Economic Forum, the top global corporate R&D spenders increased their investments in innovation by 10 percent in 2020. Yet, despite this frenetic activity, only 20 percent of CEOs believe their innovation investments generate value, according to … [ Read more ]

Authors: Nigel Andrade, Peter Munro, Viv Ronnebeck | Source: Kearney | Subject: Innovation

When we open ourselves to curiosity, we are more apt to reframe situations in a positive way.

Content: Quotation | Author: Francesca Gino | Source: strategy+business | Subjects: Innovation, Organizational Behavior, Personality / Behavior

Every company strives to be innovative, but most are missing key ingredients. How can you identify which ingredients your organization needs — and which employee styles can fill in the gaps? The authors’ research distills four key innovation styles that can lead to success — generators, conceptualizers, optimizers, and implementors — and explains how common they are across sectors. Then, they outline a four-part framework … [ Read more ]

Content: Article | Authors: Andy Wu, Goran Calic, Min Basadur | Source: Harvard Business Review | Subjects: Innovation, Organizational Behavior

Most organizations don’t suffer from a deficit of ideas or human potential. What they lack is open and deliberate connections. Organizational leaders must learn to encourage the flow of these ideas by attending to the social interactions in the company. They need to build relational structures that encourage the 4D connections of adaptive space: discovery, development, diffusion, and disruption. Together, these 4D connections generate the … [ Read more ]

Content: Quotation | Author: Michael J. Arena | Source: Management and Business Review (MBR) | Subjects: Innovation, Organizational Behavior