article thumbnail

How to Compete Like the World’s Most Innovative Leaders

Skip Prichard

How exactly are potential supporters influenced by these factors? Bezos’ approach works especially well when the innovation requires overcoming a lot of market/demand uncertainty (will people buy it?) Like a beginner, he listens to everyone else first and is careful not to let his opinion influence what others may be willing to share.

article thumbnail

How to Get Yourself Invited to Important Meetings

Harvard Business Review

She was on the legal compliance team at a fast-growing biotechnology company. Her role was to work with marketing to ensure that promotional campaigns and materials were in line with government guidelines. Karen had always been invited to key marketing meetings, but she noticed that more and more meetings were happening without her.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Five Questions Companies Should Ask Before Making an Innovation-Driven Acquisition

Harvard Business Review

This means they're buying drugs that could be similar to others already on or coming soon to the market. No company should confuse the strategy of buying into a big market with buying innovation that will bring tomorrow's growth. The market reaction to all of this was mixed, but the trajectory was set for one way: higher.

article thumbnail

Five Power Skills for Discovering Radical Ideas

Harvard Business Review

In order to do this, your company needs a process to source radical ideas that can catapult your business to new heights, open up new markets, or bring in completely unfamiliar profit streams. Each factor directly influences convergence, and the three may indirectly influence each other. Use Convergence Thinking.

Skills 8
article thumbnail

Get Your Passion Project Moving Without Quitting Your Day Job

Harvard Business Review

Or pay a freelance consultant to do market research? “I wasn’t unhappy at PerkinElmer — I had a resources, infrastructure, a good team, and the opportunity to really influence — but I felt inspired to create something new and be in complete control of my own path,” she says. Patch weak spots.

article thumbnail

The Industries Plagued by the Most Uncertainty

Harvard Business Review

That means new technologies and new competitors are hitting the market at an unprecedented rate. For example, restaurants and hotels often have difficulty predicting demand for their services, because many factors influence whether, when, and where people eat out or travel. Consider the 2Ă—2 matrix below.