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How to Compete Like the World’s Most Innovative Leaders

Skip Prichard

Innovation Capital. A great idea may not be enough to build a great business. And one of the most overlooked reasons for entrepreneurial failure is innovation capital. He offers a unique perspective on innovation and winning in the marketplace. The Components of Innovation Capital. Would you share that briefly?

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Procrastination Is Essential to Innovation

Harvard Business Review

We would examine my stalled plans in order to better understand how people make progress, and more specifically, what leads us to innovate. But in analyzing what I thought were merely stall tactics, I've come to realize that the anxiety caused by procrastination is actually a critical component to innovation. Research supports this.

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Calculate How Much Your Company Should Invest in Innovation

Harvard Business Review

How much does your company need to invest in innovation? Identifying this so-called “growth gap” is critical, because the bigger the gap, the more a company needs to look beyond its current offerings, markets, and business models to find growth opportunities. There are two ways to set revenue targets.

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Keeping the Zeal of a Startup as You Scale

Harvard Business Review

They invest in whatever it takes to innovate new solutions for customers. Incumbents, on the other hand, very often see the future as a threat: As leaders invested heavily in the status quo, innovation and disruption are not good for them. Turbulence erodes profitability, innovation marginalizes their current product offerings.

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The C-Suite Needs a Chief Entrepreneur

Harvard Business Review

The best CEOs are excellent at growing and running a company within a known business model. What they don’t do well enough is reinvent and innovate. So if the CEO isn’t someone who can innovate, then who should? You produce growth engines with calculated bets, not “wild-ass gambles.”

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A Platform Strategy Won’t Work Unless You’re Good at Machine Learning

Harvard Business Review

Platform business models are booming—becoming bigger and more powerful than ever. At OpenMatters, we spend a lot of time studying network orchestration —business models where companies facilitate relationships and interactions, rather than serving up all the products, services, and pieces of content themselves.

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Let’s Stop Arguing About Whether Disruption Is Good or Bad

Harvard Business Review

That was the essence of Jill Lepore’s essay last year in The New Yorker about the “disruption machine,” in which she argued that, “disruptive innovation is competitive strategy for an age seized by terror” and referred to startups as “a pack of ravenous hyenas” intent on blowing things up.