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Is Innovation manageable?

N2Growth Blog

In the years leading up to 2018, I have spent my time bringing innovation to the financial services space. Fintech, as this sector is colloquially referred, focuses for the most part on disrupting the state of affairs induced by the use of technology. As such it is all about innovation. And now, from a distance, my optimism regarding the sector’s ability to innovate and capture opportunities has not changed. Let’s study a bit about Innovation.

Partnership: A Crucible for Innovation

Lead Change Blog

Realizing the path to innovation would require revolutionary new thinking; all three leaders grasped that it would also take a new way of coalescing and harnessing talent. Reading Collective Genius , The Innovators , Creativity, Inc. and The Google Guys yields a strong confirmation that the pursuit of innovation might require a partnership approach, not a traditional teamwork style. Sourcing Innovation Collaboratively. Luca de Meo at Volkswagen AG did it.

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How Innovation Is Completely Different in Established Organizations than in Startups

Leading Blog

Where unicorns were once mythical creatures, the word unicorn now refers to the startups that have a value of at least $1 billion, and there are more than 370 of them worldwide. Their greatest fear is no longer their closest competitor, but the startups which, although they live in metaphorical garages and have hardly taken off, have an innovation power that established organizations can only dream of possessing. The Three Tracks of Innovation. Creativity & Innovation

10 Principles For Developing Strategic Leaders

Tanveer Naseer

A 2015 PwC study of 6,000 senior executives , conducted using a research methodology developed by David Rooke of Harthill Consulting and William Torbert of Boston University, revealed just how pervasive this shortfall is: Only 8 percent of the respondents turned out to be strategic leaders, or those effective at leading transformations. Create multiple paths for raising and testing ideas Developing and presenting ideas is a key skill for strategic leaders.

How to Make the Innovation Work

Coaching Tip

Innovation occurs when boundaries, roadblocks and Naysayers are pushed to the side. A book, ORBIT-SHIFTING INNOVATION , explores both the creative process behind innovation, as well as the execution. It offers cutting-edge insights into the scholarship of the business and management arena, brimming with case studies of orbit-shifting innovations from both the private and public sectors. Therefore, they are prepared to iterate and grow the idea in market.

How Mindfulness Rewires Your Brain to Be More Innovative

Great Leadership By Dan

Guest post from Matt Tenney There is much debate over the question of whether innovative people are born as innovators, or if innovation is something that is trainable. I'm convinced that we can actually change our brains in ways that help us to be more innovative, and that a simple practice called mindfulness can help us do exactly that. Although many people use the words creative and innovative as synonyms, the two are actually quite distinct.

N2Growth Helps Businesses Combine Strategy & Innovation for a Consumer-First Approach to Digital Transformation

N2Growth Blog

To stay competitive, brands must innovate and transform. That transformation requires adopting new digital technologies in every aspect of business — from product design and operations to customer service and marketing. Balance is the key to success; N2Growth , believes that innovation and strategy must come together for businesses to enjoy sustainable growth and maintain customer satisfaction. The “Individual” component refers to the customer.

Skills necessary to compete in rapidly evolving markets

Strategy Driven

Speed, agility, communication, delegation, innovation. It refers to preparing to compete using familiar techniques, against competitors you’ve faced before, in the same markets or industries, only to discover that the rules have changed. In these market battles everyone eventually loses, because quality, customer service and margins fall. But attrition relies on size, deep pockets and slowly evolving markets in order to succeed.

What Your Innovation Process Should Look Like

Harvard Business

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

Customer Reference Programs at The Tipping Point

Harvard Business Review

Some of the most exciting — and challenging — innovations in social media are around how to enable users of sites like Facebook and Pinterest to make recommendations, referrals, or "likes" of the products and services they use. Is your firm ready for this new age of peer-to-peer marketing? How many are references and advocates for us? Have we engaged our references and advocates in long-term relationships?

Customer Reference Programs at The Tipping Point

Harvard Business Review

Some of the most exciting — and challenging — innovations in social media are around how to enable users of sites like Facebook and Pinterest to make recommendations, referrals, or "likes" of the products and services they use. Is your firm ready for this new age of peer-to-peer marketing? How many are references and advocates for us? Have we engaged our references and advocates in long-term relationships?

Finding the Sweet Spot Between Mass Market and Premium

Harvard Business

While these numbers indicate an underlying issue with all new product development, there’s more at stake with premium products because of their higher revenue potential. Rather than starting with their own portfolio needs and barreling ahead—a supply-driven strategy that companies rarely seem to escape—successful companies start with the consumer’s mindset and use that lens to identify market gaps.

The Climate Crisis and Brand Futures

Strategy Driven

Innovation, on which any organisation is so reliant, is about to become more dynamic and challenging than ever. Meanwhile, those tasked with creating that innovation are now faced with the challenge of the environmental crisis meaning that society and business alike are confronted with an existential dilemma. Major action is needed, with businesses in every industry, including the ever-widening area of innovation, having crucial roles to play.

The Right Way for an Established Firm to Do an Innovation Pilot with a Startup

Harvard Business

For innovation-hungry legacy firms, partnering with a startup can be appealing. In return, the startups typically get valuable references or valued customers. With apologies to Tolstoy, all happy start-up partnerships are alike; every unhappy innovation partnership is unhappy in its own way. They don’t seek to assess how well an innovation works; they try to measure how well that innovation works for us. artpartner-images/Getty Images.

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From Spark to Flame – How to Find Ideas Worth Pursuing

Strategy Driven

Turning fresh ideas into full-blown, marketable commodities is the mandate of every innovation team. While originality and innovation spring from deep in the recesses of the mind, it’s our job to develop a creation mindset. Nor do they spring up fully formed, packaged and ready to market. What we’re doing is filling our “subconscious thought well” with snippets of ideas that our brains can reference.

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Emerging-Market Engineers Power Global Innovation

Harvard Business Review

Recently, Thomson-Reuters published its latest list of the Top 100 Global Innovators honoring the leading organizations and companies most responsible for sizeable, influential patents worldwide. A quick scan of the list indicates that all 100 organizations are located in developed countries. First, many of the Top Innovators employ engineers in emerging countries such as India and China. Offshore Outsourced Product Development. Global business Innovation

Game-Changing Innovations From Emerging Markets

Harvard Business Review

It's a shame Obama — and the Western press — didn't pay attention to the far bigger story happening in many of the countries on his visit: real, game-changing innovations from emerging markets that could point the way for currently stagnant Western firms. The good news for the world economy is that, with economic development occurring in a more dispersed fashion, experiments are underway in more diverse institutional settings than ever before.

Why Hippies Make Great Business Leaders

Great Leadership By Dan

Guest post from Michael Klassen : After three decades of working in marketing, I thought I had heard or read nearly every story of innovation and entrepreneurship out there. A tale that featured three dozen or so people who hatched forty-some innovative ideas and products, all in less than two years’ time, that over time accrued a collective value of nearly a trillion dollars and employment for millions. hippies innovation innovative leaders Michael Klassen

Just What Do You Mean, Entrepreneur?

Leading Blog

David Sax, author of The Soul of an Entrepreneur , says that a startup myth has developed that has “increasingly defined what an entrepreneur was supposed to look like, how they behaved, and what they did.

Fujifilm Succeeded Where Kodak Failed

Coaching Tip

After I left Kodak, as a marketing specialist, to take a new leadership position in another industry in 1973, Fujifilm's technology was catching up with Kodak's and by the 1980s Fujifilm had technically surpassed Kodak in nearly all varieties of film. From the 1980s into the 1990s, a persistent struggle with Kodak was waged for world market share. The photographic film market shrank at the rate of twenty to thirty percent a year.

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Organizational Health Care with N2Growth: When was your Last Check-up?

N2Growth Blog

Chair, Organizational Development, N2Growth. to discuss what operational screenings and organizational development exams you need and when you need them. Visit our organizational development team to learn how cancer early detection improves your organization’s life cycle. Visit our organizational development team or our leadership development team to learn how the silent killer can be tamed to increase healthier outcomes in your organization.

Using Market Research Just for Marketing Is a Missed Opportunity

Harvard Business Review

Smart companies realize that intelligence about their customers can actually lead to a lot more than greater marketing effectiveness. It a powerful tool for identifying innovations, especially with the opportunities for data gathering afforded by smart technologies and social media. It used the resulting knowledge to develop new service offerings, including remote monitoring, a customer-specific intranet, and a school for forklift drivers. Customers Innovation Marketing RFI

How the EMR Is Increasing Innovation and Creativity in Health Care

Harvard Business

Fifty-eight percent of patients referred to Virginia Mason, our medical center in Seattle, for back surgery would be more appropriately treated without an operation. But just as the cell phone, originally designed as a mobile communication device, has been adapted to an unimagined array of additional functions, the EMR is serving as a platform for innovation and creativity. These applications of the EMR are in early development.

Coaching Needs for Leaders in Times of Uncertainty

Coaching Tip

10) Mentoring, developing internal talent, succession. 7) Mentoring, developing internal talent, succession. As leaders drive innovation and adaptation at relentless speeds, they must sustain a core enduring vision to keep their organizations focused. Develop Leadership Skills: A Mobile Reference Guide.

Your Only Competition Is Yourself

Lead Change Blog

When I consult with independent restaurateurs a common concern many of them voice is: “We just can’t compete with so-and-so across town” Those so-and-sos referred to can be the larger national chains, the popular or trendy new restaurant, or an established location that has secured a strong and loyal clientele. Your best marketing is the execution of your brand and how you interact with your customers each and every day.

Calculating the Market Value of Leadership

Harvard Business Review

In recent years, investors have learned that defining the market value of a firm cannot just be based on finances. But recently, these financial outcomes have been found to predict only about 50% of a firm’s market value. To gain more insights into a specific firm, investors have shown more interest in intangibles like strategy, brand, innovation, systems integration, collaboration, and so on. Financial markets Performance measurement Leadership

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How Corruption Is Strangling U.S. Innovation

Harvard Business Review

And it is strangling both US competitiveness, and the ability for US firms to innovate. The corruption to which I am referring is the phenomenon of money in politics. One of the prime drivers of economic growth inside America over the past century has been disruptive innovation ; yet the phenomenon that Lessig describes is increasingly being used by large incumbent firms as a mechanism to stave off the process. Disruptive innovation Economy Government

The Economics of Culture

Coaching Tip

He consumes art and music at the rate he does books, but unlike most critics he doesn't sniff that markets have either ruined culture or brought it low. And Creative Destruction points out that the global markets that spur innovations in art can also, eventually, build a demand that discourages further changes. "I Cowen says he has no grand plans when he begins to write, just what he refers to as myopia.

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The Big Picture of Business – Quality is Important for Business: Real Quality vs. Arbitrary Metrics

Strategy Driven

This is referred to as the ‘measurement inversion.’ Life-threatening experiences (loss of business or market share, economic recession) signal the urgency for the team to collaborate. Marketing’s importance was fully embraced in the 1960′s. Marketing departments deal most often and immediately with the side effects of poor quality. Access to global markets. Faster innovation. There’s this thing that websites do.

Competing in the Age of AI

Leading Blog

AI need not be indistinguishable from human behavior, or capable of stimulating human reasoning—what is sometimes referred to as strong AI. We need only a computer system to perform tasks that were traditionally performed by human beings, in what is traditionally referred to as weak AI. AI is breaking down the limits that are inherent in traditional operating models to drive new value, growth, and innovation.

The Marketing of a President

Harvard Business Review

After Tuesday night's bar fight of a presidential debate , I have a few questions for the major American political parties: How referable are your candidates for president? The way in which we market presidents is broken, much like the way that we traditionally market businesses is broken. There's a more effective way to market a president, and smart business executives (and we Republicans pride ourselves on our business skills) are finding it.

Understanding the Language of Innovation

Harvard Business Review

We all know innovation has its own language conventions, rich with revolutions , evolutions , ecosystems , and more. Innovators, after all, are trying to communicate the promise of something that may not exist yet, and sometimes that requires some optimistic adornment. We may be able to get buy-in on important innovations that would otherwise be denied. We encountered many varieties here, though a common form includes a vague reference to "an evolution" or "a revolution."

The Making of Legends

Strategy Driven

My four Legends books include “Pop Icons and Business Legends,” “The Classic Television Reference,” “Houston Legends” and “Non-Profit Legends.” Business dilemmas, solutions and analyses are framed first in the field of reference (pop culture teachings of their youth) and then reframed in modern business context. I developed the concept of integrating Pop Culture Wisdom with management training and business planning over the last 40 years.

Market to Millennials by Getting Out of the Way

Harvard Business Review

” In this form of marketing, fans who share a common interest are encouraged to engage with little to no prompting by the brand. ” To start, we’ve conducted several tests around what we refer to as ephemeral communities. Done well, we believe that tribe marketing empowers a brand to behave like an effortless host at a cocktail party. In the future, marketers and agencies will need to partner with product managers and technologists.

Innovate Without Diluting Your Core Idea

Harvard Business Review

Organizations fall victim to the same phenomenon in innovation. When implementing new customer offerings and experiences, an original idea is often inadvertently manipulated as it moves through development. However, when developing something new, this rigid and linear approach falters since there are no precedents for reference. Business case developed? And so on through legal and compliance, training, and marketing. Innovation

The Problem with Good Ideas | Thoughts for the Everyday Leader

Nathan Magnuson

At a time when creativity and innovation are at a premium, good ideas are actually more threatening than ever. All too often this leads to a loss of trust, miscommunication, and a decrease in morale, not to mention loss of market share or revenue. Love the reference to True North…a journey my company is taking. Home About Coaching Contact Guest Posts Archives. Thoughts for the Everyday Leader. by Nathan Magnuson. Home / Leadership / The Problem with Good Ideas.

How Chinese Companies Can Develop Global Brands

Harvard Business Review

China leads all emerging markets with 89 companies on the latest Fortune Global 500 list of the world’s largest. To many skeptical consumers in developed markets, Brand China still means lower quality. Western brands also want access to China and recent global market turmoil has exposed many targets for astute Chinese brands. Branding China Marketing Yet it does not have a single representative on Interbrand’s list of the top 100 global brands.

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Is Your Organization Digitally Mature?

Leading Blog

Only by fundamentally changing the way the organization works—through flattening hierarchies, speeding up decision making, helping employees develop needed skills, and successfully understanding both opportunities and threats in the environment—can an organization truly adapt to a digital world. This includes not just knowledge of markets and trends, but how they are evolving and how the business should respond. W E’RE not in Kansas anymore.

Are you a social sales pacesetter? Or are you losing business to one?

Strategy Driven

Often referred to as pacesetters, companies that have chosen to embrace and engage cloud, analytics, mobile, and social strategies are cleaning the clock of their competitors who have chosen the path of cautious resistance or even abstinence. BOTTOM LINE FOR FASTER SUCCESS: Pacesetter organizations are now finding partners in a myriad of places including academia, start-ups, clients, citizen developers, and established specialized leaders.

How Thomson Reuters Is Creating a Culture of Innovation

Harvard Business Review

It’s not easy for big companies to innovate. Moreover, the skills that are cherished and rewarded for achieving current results differ from those that aid in discovery and experimentation, both of which are needed to drive innovation. As a result, fostering a true culture of innovation in big companies is often an aspiration rather than a reality. First they agreed to shift funding from small, incremental acquisitions to innovation. Innovation Organizational culture

How to Implement SMART Management of Performance System

HR Digest

The SMART refers to an ellipsis built around the critical characteristics of significant and meaningful goals that can help in writing performance expectations to evaluate the effectiveness of work and performance. Developing SMART Goals based on Job Duties.

Brands, Leadership and the Climate Crisis

Great Leadership By Dan

Guest post from Sean Pillot de Chenecey : Innovation, on which any organisation is so reliant, is about to become more dynamic and challenging than ever. Whilst hyper-relevance, ultra-personalisation, collaboration, ethics and sustainability are the crucial foundations of success; those tasked with creating that innovation are now faced with the challenge of the environmental crisis.

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When Employees Quit, Take a Good Look in the Mirror

Great Leadership By Dan

But understanding why people leave your company is a crucial part of developing a best-in-class workforce. It’s important to recognize that attracting and retaining Rockstar performers is vital for organizations to grow, innovate, and outperform the competition. To counter that tendency, develop a standardized list of interview questions, gather information on each candidate without bias, and fairly weight all the candidates against objective criteria for the position.