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PRIMO-F Model for Business Development

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Ideas Don't Equal Innovation | N2Growth Blog

N2Growth Blog

As a result of our conversation, I decided to dust-off an old post, give it a few updates, and pass along my thoughts, which can be best summarized as “ Ideas Don’t Equal Innovation. It should be developed as a solution to a problem or to exploit an opportunity.

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News Flash: Innovation Is No Longer Just a Specialist’s Job. Now Here’s How to Involve Your Whole Workforce Instead

Strategy Driven

The classic method of segregating innovation to a single department, or to a process led by specialists, just isn’t fast enough any longer. What’s needed is a culture in which innovation is the mission of everyone, everywhere, every day. That’s not the purpose of Innovation Engineering.

Innovative Leadership in the Wild

LDRLB

I’ve just finished reading another good article about an innovator’s need to open the mind. And as usual, the illustrations come from new product development and business strategy. Articles like these always make me wonder: Doesn’t the other 95% of the business need to innovate, too? Just because innovation is not in someone’s job description, that doesn’t mean it isn’t important to their work. Featured Creativity innovation

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Innovative Leadership in the Wild

LDRLB

I’ve just finished reading another good article about an innovator’s need to open the mind. And as usual, the illustrations come from new product development and business strategy. Articles like these always make me wonder: Doesn’t the other 95% of the business need to innovate, too? Just because innovation is not in someone’s job description, that doesn’t mean it isn’t important to their work. Innovation creativity innovation

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M&A Without Buying the Company

N2Growth Blog

Most people tend to look at acquisitions from a rather myopic and traditional M&A perspective: making a strategic or synergistic purchase of an operating entity on an accretive basis. Other companies are in need of cash and are willing to sell certain contracts as a financing vehicle.

The Future of Cities Depends on Innovative Financing

Harvard Business Review

They are developing horizontally, not vertically, with vast areas of low sprawl reaching out for miles from Sao Paolo, Lagos, New Delhi, Guangzhou, Jakarta, and many others. There are a variety of reasons why infrastructure investments in developing cities so often frighten investors.

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Figuring Out How IT, Analytics, and Operations Should Work Together

Harvard Business Review

A new set of relationships is being formed within companies around how people working in data, analytics, IT, and operations teams work together. Many IT organizations, having achieved this original mission, now are turning to the next thing, which is innovation.

A Quiet Revolution in Clean-Energy Finance

Harvard Business Review

Solyndra's example has been particularly stark: it raised over $1 billion in equity finance in addition to receiving a $535 million loan guarantee from the Department of Energy, all prior to a cancelled IPO and the recent FBI investigation upon its bankruptcy. Despite these gloomy headlines, three developments in the sector give us hope that the revolution in clean energy production is far from dead: 1. Innovation Sustainability Venture capital

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The Problem with the Profit Motive in Finance

Harvard Business Review

Banks have developed fortress balance sheets, improving credit quality by 54 percent, increasing net income and, restoring aggregate lending to pre-crisis levels of nearly $7 trillion. It was an event packed with prominent people who work (or worked) in finance, but seem to come from a different, more genteel world than the bulk of modern Wall Street: Bogle, Swensen, former Fed chairman Paul Volcker, former TIAA-CREF CEO John Biggs. Compensation Ethics Finance

Startups Could Fundamentally Change the Way Big Investors Operate

Harvard Business Review

Innovation has the potential to transform the investment industry. Small startup firms are already developing proprietary technologies — such as machine vision, deep learning, and other innovations —– that could help large investors evaluate opportunities and risks with far greater accuracy and efficiency than was previously possible. Yet the world’s largest funds are closed off from these innovations.

The Big Picture of Business – Business Success Checklist

Strategy Driven

When you own and operate a business you need to have certain procedures for an efficient and seamless function. Sometimes the difficulty of managing your time makes for a haphazard operation. An inefficient operation results in unproductive activities which often miss the point and worse yet, result in wasted time and wasted resources. It is important to identify swings and trends so that innovation can remain a strength of your business. Business development.

Capital vs. Influence

N2Growth Blog

Astute investors mitigate risks and help to insure operational success by adding value to the business model, and by filling gaps that may exist in any of the areas I mentioned in the opening sentence of the preceding paragraph. By Mike Myatt , Chief Strategy Officer, N2growth .

Stop Operating with a Guild Mindset

Harvard Business Review

Today, the guild mentality persists within companies, where functions such as marketing, sales, finance, IT, human resources and R&D all have their own area of special expertise. Marketing, sales teams and the DSD force itself operate with tremendous coordination to ensure that they are consistently aligned in their business objectives. If the products are hits, that's even better; because it "owns the shelf," there's a direct link back to innovation and marketing.

HP Headed to Hotel California?

Women on Business

that focuses on customers and innovation. When it works, it’s wonderful but the operative word is when it works. For a small business, this is a huge operational problem. HP has made some controversial decisions lately, but is Meg Whitman a great strategic move or the kiss of death for this once great tech company? HP announced Whitman’s appointment on September 22, 2011 but given the public comments, customers seem to think it’s a bad choice.

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Stock Buybacks Aren’t Hurting Innovation

Harvard Business Review

These stock buybacks have come under criticism as a bad investment – the argument being that companies sitting on record amounts of cash ought to invest in innovation, salaries, or at least dividends, rather than pumping up their own stock price through buybacks.

How the U.S. Can Rebuild Its Capacity to Innovate

Harvard Business Review

From automotive to semiconductors to pharma to clean energy , America’s innovation centers have shifted east, offering growing evidence that the U.S. ” But it should be possible for the United States to reverse these developments. Jetta Productions/Getty Images. Many U.S.

What Your Innovation Process Should Look Like

Harvard Business Review

Companies and government agencies often make the mistake of viewing innovation as a set of unconstrained activities with no discipline. In reality, for innovation to contribute to a company or government agency, it needs to be designed as a process from start to deployment. When organizations lack a formal innovation pipeline process, project approvals tend to be based on who has the best demo or slides, or who lobbies the hardest. Innovation Experimentation Digital Article

The Right Way to Spend Your Innovation Budget

Harvard Business Review

Innovation is famously difficult — many projects end up losing money, frustrating employees, and going nowhere. And yet corporations and governments spend billions of dollars annually pursuing innovation. This huge spending would generate more value for businesses and societies if the innovation success rate were just a little higher. Innovation projects often fail because the resources are spent on the wrong kind of innovation.

When America Was Most Innovative, and Why

Harvard Business Review

economy depends on technological progress, but recent data suggests that innovation is getting harder and the pace of growth is slowing down. A major challenge in business and policy spheres is to understand the environments that are most conducive to innovation. was so innovative. The context for technological development was very different a century ago. Nevertheless, the impact of innovation on economic growth was typically large.

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The most common financial mistakes graduate entrepreneurs make

Strategy Driven

Amongst the world’s ambitious graduates are some of the next generation’s entrepreneurs and innovators. A business plan sets out the financial and operational objectives. Many graduates are both innovative and more financially-savvy than they get credit for.

Nonprofits Can’t Keep Ignoring Talent Development

Harvard Business Review

A new study by The Bridgespan Group, based on a survey of more than 400 nonprofit C-suite executives and dozens of interviews, surfaced this surprising finding and discussed how to address this leadership development deficit. Talent management Leadership development Social enterprise Article

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Develop Your Company’s Cross-Functional Capabilities

Harvard Business Review

Instead, our interviews found a willingness to let organizational forms and structures evolve naturally, developing in line with the identity of the enterprise. Some of the first business functionaries were railroad telegraph operators who managed schedules.

Eight Communication Traps That Foil Innovation

Harvard Business Review

Most leaders are interested in growing their businesses through innovation, but it's risky business: most innovation efforts fail. Innovative ideas, initiatives, products, culture transformations, you name it, have little chance to succeed if they aren't enabled by smart communications.

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Fear of Loss of Group Membership is More Powerful Than Management

Mike Cardus

Application and development outside the classroom and structured training time. The district managers operated under a control and command system and asking them to switch to coaching & feedback was met with great resistance. Photo Credit. Resistance to Change and Learning Anxiety.

Develop Deep Knowledge in Your Organization — and Keep It

Harvard Business Review

The best leaders understand that the current success of their business, and any future innovation, depends upon the “deep smarts” of their employees — the business-critical, experience-based knowledge that employees carry with them. Leaders with a passion for developing employees’ skills, and those who understand the need to transfer knowledge among generations of workers, know how important it is to link in-house education to strategic planning.

The Right Way to Plan an Innovation Tour

Harvard Business Review

Innovation tourism: it’s a thing. These well-intentioned professionals travel the world in pursuit of the secret sauce of innovation. But an innovation tour can be valuable, as long as you know what to look for and think about. Innovation Entrepreneurship Policy Article

Nabob and the Coffee Kerfuffle: How the 120-year-old brand managed to maintain its challenger status.

In the CEO Afterlife

As Ogilvy’s Ian MacKellar, who helped develop the current creative platform, would say: “For any campaign or creative idea, it helps to have a conflict, a tension, an enemy.” That’s when the brand shifted its strategy, once again, and developed the long-standing “Better Beans.

What It Takes to Innovate Within a Corporate Bureaucracy

Harvard Business Review

In order to support corporate hackers like Atis and Windham and foster internal innovation, companies need to identify these individuals and understand what makes them tick. She found partners, attracted financing, and cultivated a community of internal supporters.

How Chinese Companies Can Develop Global Brands

Harvard Business Review

To many skeptical consumers in developed markets, Brand China still means lower quality. Since positioning is vital in new markets, today’s boards must include Chief Marketing Officers, not just directors with operations or finance backgrounds.

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How to Hand Off an Innovation Project from One Team to Another

Harvard Business Review

That fear drives their companies to invest millions into coming up with breakthrough innovations. If innovation projects are going to succeed, they’ll need to survive a handoff from an innovation team to an execution team. Innovation Digital Article

What Businesses Need to Know About Sustainable Development Goals

Harvard Business Review

Some companies could get a jumpstart in their industry in organizing partnerships and even positioning themselves as leaders in sustainable development using the goals as a branding anchor. This can make the case for innovating in sustainable development more challenging.

How to Innovate When You're Not the Big Boss

Harvard Business Review

Given the unrelenting pace of change surrounding organizations in virtually every industry, companies are looking for executives who know how to innovate and introduce change, not simply caretakers who can manage the status quo. When ambitious managers one or two levels below the C-suite hear that they need to demonstrate the ability to lead innovation and change, this feedback typically triggers howls of protest, often preceded by "They won't" or "They don't."

Social Networks Will Change Product Innovation

Harvard Business Review

The deeper question is: Will these new communication channels actually force material changes not just in the way companies market their products but in the strategies and operations they use to develop and build those products as well? Communication Innovation Social mediaMuch is being written about the impact that new communication technologies and channels (blogs, Facebook, Twitter, YouTube) have on traditional marketing.

Design Matters

N2Growth Blog

Whether it is aesthetic, functional, creative, process, innovative, intellectual, technical or applicational…design matters.

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4 Ways Leaders Can Get More from Their Company’s Innovation Efforts

Harvard Business Review

A recent McKinsey report found that while 84% of corporate executives think innovation is key to achieving growth objectives, only 6% are satisfied with the innovation performance of their firm. One reason for the paltry performance is that while other business areas, like sales or finance, are considered to be core functions, innovation is often considered to be something that’s “nice to have” rather than essential. Innovation Digital Article

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The Disconnect that Keeps Your Company from Performing at its Peak

Strategy Driven

Typically, Finance, Marketing, and Operations all have input, direct or indirect, on the creation and revision of the strategic plan. Over the years, I’ve worked with a number of founders, CEOs, and presidents of companies. Often, these executives are a part of my network.

Big Companies Can Unleash Innovation, Rather than Shackle It

Harvard Business Review

In today's world, start-ups aren't the only ones who can innovate. As I discussed in my post How Big Companies Can Save Innovation , large companies are now better positioned to innovate than ever before. Here's why: the innovation revolution spurred by venture capitalists decades ago has created the conditions in which scale allows big companies to shift from shackling innovation to unleashing it. Consider Medtronic's innovative effort Healthy Heart for All.

Leadership – No Talent Required | N2Growth Blog

N2Growth Blog

Clearly the difference possessed by all great leaders is that they refine, develop and build from their foundation – they don’t ignore it or take it for granted. Active, intentional, empathetic, and analytical listening all require a bit of development.

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The Innovation Health Care Really Needs: Help People Manage Their Own Health

Harvard Business Review

Finally, health care, which has been largely immune to the forces of disruptive innovation , is beginning to change. Whereas new technologies, competitors, and business models have made products and services more affordable and accessible in media, finance, retail, and other sectors, U.S. Yet almost all health care innovation funded since 2000 has been for sustaining the industry’s business model rather than disrupting it. jennifer maravillas for hbr.

The CEO of Children’s National Health System on Leadership, Innovation, and Delivering Specialized Care

Harvard Business Review

Kurt Newman became a pediatric surgeon because he was attracted to the innovative culture and the extraordinary variety of problems doctors encounter at children’s hospitals, as well as the dramatic recoveries children can make. The payback is so meaningful that it draws people who are creative and innovative and thinking differently. One-fifth of kids will develop some type of mental health or behavioral health issue during their lifetime or during their childhood years.

Keeping It Simple

N2Growth Blog

You will find that the best leaders, communicators, teachers, and innovators have a true knack for taking extremely complex, dense or intricate content and making it engaging and easy to understand. By Mike Myatt , Chief Strategy Officer, N2growth.

Health Care Innovation Doesn’t Have to Be Driven by Profit

Harvard Business Review

Parkland has operated like an ACO since establishing its community-based primary care clinic in 1989 — out of necessity. We still operate that way today. By contrast, nearly every program at Parkland “loses” money (if you think in typical hospital-finance terms).