Learning from the Innovation Leaders

Great Leadership By Dan

Guest post from Rowan Gibson : Not since the dawn of the Industrial Revolution has there been a greater need to learn the art of innovation leadership. And who better to learn them from than the innovation leaders themselves? Who do we think of as innovation leaders?

Find Your Ideal Job and Build Your Dream Business

Leading Blog

Having worked with more than 10,000 entrepreneurs, innovators, inventors, hobbyists and side hustlers, they often struggle with when it is appropriate to leap from the job environment into the entrepreneurship maze. I S IT POSSIBLE to have your cake and eat it too?

Using Experiments to Launch New Products

Harvard Business Review

One simple and often overlooked way for larger companies to experiment is to randomize the introduction of new products across a set of markets. And Uber is not alone among these companies in turning to market-level experiments to test new products and innovations.

Leadership, Passion, And Transformation

Joseph Lalonde

Integrating these two disciplines can mean more precise medical procedures and other innovations. The outcome is oftentimes profit over meaningful transformation and innovation. A product of world renown leadership mentors, Dr. John Maxwell, Drs.

The Ten Commandments of Business Success

Women on Business

She was long dead when I first discovered Martha Matilda Harper and her amazing feat of launching modern franchising even though she had been a servant for nearly a quarter of a century. History buried its memory of the 500+ franchises she sprouted and staffed with other poor women. Innovate –Think Outside the Box –Do not be a boring cookie cutter. Lead & Brand — Harper was committed to producing and selling only organic, safe products in her salons.

Burn the Business Plan

Leading Blog

Another reason success as an entrepreneur favors age is that “creating a new product or service is an organic process, one that is shaped by background, experience, and acuity of the innovator.” “The Innovators are curious and have a voracious appetite for learning.

In Defense of Routine Innovation

Harvard Business Review

Almost every discussion of innovation today inevitably turns to the topic of “disruption.” Academics write about the power of disruptive innovation to transform one industry after another. It is, of course, with good reason that disruptive innovation draws our attention.

How to Brand a Next-Generation Product - SPONSOR CONTENT FROM HBS EXECUTIVE EDUCATION

Harvard Business Review

Like Apple, most consumer-centric companies deal with the dilemma of how to brand the next- generation of an existing product. Product upgrades make up the majority of corporate research and development activity. Marketing Innovation Product development Analytics Sponsor Content

Know the Job Your Product Was Hired for (with Help from Customer Selfies)

Harvard Business Review

“We focus on organics and cool new macronutrients, and our consumers are into quinoa and kale and bean sprouts,” Alex Blair, who owns four franchises of Freshii, a Toronto-based chain of healthy fast-food outlets, told the New York Times.

What Connects Coca-Cola, Lego, In-N-Out, Intuit, and Nike? Focus.

In the CEO Afterlife

This can mean expanding product lines, entering new markets and geographies, line extending brands, acquiring new businesses, creating projects, and adding layers of management to manage the self-created complexity. They’ve never franchised.

Great Innovators Create the Future, Manage the Present, and Selectively Forget the Past

Harvard Business Review

But as anyone who has ever tried to lead innovation knows, the challenge goes beyond being ambidextrous enough to manage today’s business while creating tomorrow’s. Innovation & Entrepreneurship Book. Box 1 cannot execute Box 3 innovations.

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Lafley's Ambiguous "Gift" of Innovation Failure

Harvard Business Review

Clorox effectively trashed P&G's new product initiative. I don't want to say "dirty tricks," (whoops, I just said it) but Clorox certainly took an innovative approach to squelching P&G's innovative threat. An excellent business case could be made that Clorox's "Portland Massacre" was — dollar-for-dollar — its most strategically important (anti)marketing innovation that year. What vital lesson did Lafley take away from this new product debacle? "We

Business Model Innovation the Red Sox Way

Harvard Business Review

Hosting parties in December is just one example of how the ownership team has found innovative ways to increase the revenues it derives from Fenway. The ownership has introduced other business model innovations. Major league owners are famously reluctant to release franchise-specific financial information. If the Red Sox can find growth in an almost 100-year-old stadium, surely corporations can find growth in products and services that seem to have leveled off.

World’s Greatest Leaders Tap Power of Connection

Michael Lee Stallard

Last year the Cubs won the World Series and broke the franchise’s 108-year World Series title drought, the longest in professional sports. Connection is also a superpower for teams and organizations because it boosts employee engagement, strategic alignment, productivity and innovation.

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Turnarounds and the Big Play | In the CEO Afterlife

In the CEO Afterlife

The means to that end is quickly slashing sku’s and product lines to reduce inventories. Familiar examples are spending more on advertising, introducing new products or line extensions, expanding distribution. While they played catch-up, we were already working on the next innovation.

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On a Consumer Watershed

Marshall Goldsmith

More and more business customers have quit buying stand-alone products and have started buying integrated solutions. A growing percentage of IBM’s business, for example, now involves customized solutions incorporating non-IBM products and services. While the idea of IBM selling non-IBM products was almost unheard of in the recent past, it is now becoming commonplace-to the benefit of customers and, in the long run, IBM itself. Innovation

Statesman vs. Politician | N2Growth Blog

N2Growth Blog

One might add that at the time of the Founders, America had approximately 2 million people, and many fewer had the franchise than today.

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How to Turn Your Team Around in Six Stages

Leading Blog

How do you transform a losing climate into one that fosters collaboration, innovation, and productivity? While many of the examples are from sport franchises—Colts, Eagles, Steelers—and the people they interviewed there, they also include turnaround stories of Domino’s pizza, Spider-Man: Turn off the Dark Broadway show, and the state of Michigan. At stage VI an organization “needs to concentrate on continual learning and innovation.

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Social Media Influence | N2Growth Blog

N2Growth Blog

In a perfect world you would build relationships with the largest possible universe of targeted constituents where you can productively engage and contribute.

The Problem With Coaching | N2Growth Blog

N2Growth Blog

Any number of franchised coaching offerings can be purchased at affordable prices, numerous affliliations with the hot coaching brand de-jure are available for the asking, or if all else fails coaches can just go it alone as a solo practitioner – the more the merrier right?

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Microsoft's Kinect and the Invisible Handshake

Harvard Business Review

We don't think it matters much whether this was true or just spin-control; what matters is that Microsoft has now publicly embraced the hackers — and that's an instance of a broad and profound change in corporate innovation. Once wholly in the hands of managers (the "visible hands" chronicled by industrial age historian Alfred Chandler), technology innovation used to begin with a company's commitment of resources to R&D and patent protection.

Morning Advantage: Did Disney Hit the Jackpot with Star Wars?

Harvard Business Review

He just sold Lucasfilm, and the rights to the Star Wars franchise, to Disney for $4 billion. Even though the Star Wars franchise continually rakes in revenue from DVD sales, video games, and TV rights, she says the success of the deal rests on one risky proposition: Disney, sans Lucas, must re-spark the imagination of fans when it releases a new trilogy. The success of an NFL franchise in London is less an economic question than a cultural one.

How Ford Is Thinking About the Future

Harvard Business Review

While this seemed like a small bet for a $165 billion company built on the mass production of vehicles, the deal was scouted, in part, by Jim Hackett, then head of Ford Smart Mobility who has since been elevated to CEO. This van is currently being tested in London ahead of volume production in 2019. Mobility Platforms and Products is designing and developing the technology Ford needs for its planned mobility services. Bloomberg/Contributor/Getty Images.

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Lafley’s P&G Brand Cull and the 80/20 Rule

Harvard Business Review

Instead of focusing on innovation, as he did during his first tour as CEO of the world’s largest consumer packaged goods firm, Lafley is now innovating on focus. represent an innovation repudiation of Lafley 1.0? But the “new and improved” game changer offered a heuristic that may reveal a lot about P&G’s analytic and innovation future. Identifying the 80/20 products and brands is the easy part. innovation. Innovation Strategy

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Finding Your Place in the Competitive Jungle

Harvard Business Review

While this simple phrase has been used time and time again to discuss the many obstacles people and companies face, an animal metaphor does describe required innovation actions rather effectively. Speed is the speed of innovation of a company relative to the industry.

Don't Grieve for the Great A&P

Harvard Business Review

The tea shops became grocery stores, stocking canned goods, cleaning products, even cigarettes. They then filled their stores with private-label A&P products, creating the most powerful franchise in food retailing. This was the era of scientific management, when experts like Frederick Winslow Taylor kept busy measuring factory workers' every motion with the aim of improving productivity. They pumped those products through a radically different type of outlet.

Apple Versus the Strategy Professors

Harvard Business Review

Steve Jobs' revival of the company began with a decision to narrow product lines down to a handful, and its big product successes of recent years have all been defined to a large extent by what Jobs and Apple's designers decided to leave off. Apple Innovation Strategy

What an Entrepreneurial Ecosystem Actually Is

Harvard Business Review

It should come as no surprise, however, that as any innovative idea spreads, so do the misconceptions and mythology. For corporations, innovation, product acquisition, talent retention, and supply change development may be the benefits. Family businesses squash entrepreneurial initiative in order to protect their “franchise.”. Economy Entrepreneurship Innovation

Reinvigorate Your Career by Taking the Right Kind of Risk

Harvard Business Review

Jon Buchan, the director of London-based Charm Offensive, a creator of innovative cold emailing campaigns, applies Curry’s disruptive basketball strategy to business: “Find a gap,” Buchan writes. Innovate a product or service from within your position. Not all innovations are so widely impactful, but every firm has pain points begging for someone who will embrace market risk to find a cure. Henrik Sorensen/Getty Images.

Case Study: An Angel Investor with an Agenda

Harvard Business Review

That sort of money should allow you to open 10 new centers next year, not through franchising as you'd planned, but under your direct ownership and control. His money would allow her to pursue a new, perhaps more comfortable, growth strategy, directly managing 10 new centers instead of franchising them as she'd done with 11 of the 12 existing locations. The director wasn't expecting her, but Gloria liked popping into the franchises unannounced to get an unvarnished view.

The Global Rise of Female Entrepreneurs

Harvard Business Review

Innovation : When defining innovation as "offering products that are new to some or all customers" in some regions — including the U.S. and developed Europe — women entrepreneurs have higher levels of innovation than their male counterparts.

How One CEO Grows Her Business with Feeling

Harvard Business Review

Scharpf found that absorbent wood pulp was the biggest raw material manufacturing expense for pads, and wondered if cheaper indigenous materials could be used for local production, and if also coupled with a more efficient distribution network, there might be a real business opportunity given the huge underserved populations. As product is sold, some of the initial working capital that SHE puts up is paid back, with the entrepreneurs eventually owning their local franchises.

How to Take a Social Venture to Scale

Harvard Business Review

For a social entrepreneur with an innovative solution, the holy grail is scaling it —that is, taking it to a level where the new approach operates efficiently and effectively to achieve significant mitigation of a social problem. But the good news is that there are common elements—seven organizational capabilities that can be developed and combined in different ways to take a promising innovation to the next level.

What the Best Transformational Leaders Do

Harvard Business Review

Whereas most business lists analyze companies by traditional metrics such as revenue or by subjective assessments such as “innovativeness,” our ranking evaluates the ability of leaders to strategically reposition the firm. How successful has the company been at creating new products, services, and business models? Matthew Eyring , Chief Strategy & Innovation Officer of Vivint Inc. Companies that claim to be “transforming” seem to be everywhere.

How Marketers Can Start Integrating AI in Their Work

Harvard Business Review

For businesses looking to keep pace with innovation and leverage AI, there are steps they can take today. Take Sephora’s Kik bot , which quizzes customers about their makeup preferences and then follows up with specific product information. AI-enhanced image search allows users to upload pictures of products they are interested in, to find relevant shopping ideas. Stephen Swintek/Getty Images.

What Digital Change Demands of IT Organizations - SPONSOR CONTENT FROM DXC TECHNOLOGY

Harvard Business Review

Coca-Cola FEMSA, the largest franchise bottler of Coca-Cola beverages in the world, set the stage for this learning two years ago when it created centers of excellence (COEs) to drive transformation in each of its functional or process areas, including supply chain, distribution, commercial, finance, HR and IT. Calva also oversees the company’s innovation group, as well as the day-to-day operations of IT.

How an NBA Team Thinks About Data, Talent, and Pricing

Harvard Business Review

The negotiation of a long-term media rights contract with Comcast SportsNet provides the franchise with long-term financial stability and gives us the luxury of running our business strategically for the long-term, without having to make shortsighted decisions.

Expanding the Reach of Primary Care in Developing Countries

Harvard Business Review

How the most innovative providers are creating value. We interviewed leaders in 37 private for-profit and non-profit primary care programs identified in the Center for Health Market Innovations database and operating in over 25 developing countries. Living Goods is a micro-entrepreneur program in East Africa that recruits and trains community health workers to provide basic curative and prevention services while also selling medical and other household products door to door.

Should Your Business Be Nonprofit or For-Profit?

Harvard Business Review

We were eager to take this product to the disadvantaged communities who desperately needed it. The for-profit arm, Embrace Innovations, would raise money from venture capitalists — though our first screening criteria would be investors who were aligned with our social mission.

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The Rising Tide Lifts One Boat Most of All

Harvard Business Review

Everyone is familiar with the primary methods Gillette used to grow: It innovated via technology (with the Sensor, Mach 3, and Fusion razors), and in 2001 it formally expanded into the women''s leg shaving market with a new brand called Venus. "Kaiea" is Hawaiian for ''rising tide.''

Putting Customers at the Heart of Your Brand to Create Passionate Fans: What Microsoft Learned About Customer Engagement in the Sports Industry - SPONSOR CONTENT FROM Microsoft

Harvard Business Review

In the age before the digital revolution, marketers used to tell customers about a product and then work through a traditional step-by-step purchase funnel. But today, there’s nothing linear or traditional about the way businesses and their brands can explode in scale overnight—sometimes before the product even makes it into the hands of customers. Real Madrid is one of the most recognized soccer franchises in the world.

Why Trust Matters More Than Ever for Brands

Harvard Business Review

Business System: Organizational models, software investment, proprietary process, franchise rights. So creating value today is not only about the quality of the product or service we deliver. Here, trust is a function of the brand messaging lining up with the consumer's actual interaction with the product or service. There is another reason that trust is so critical to the innovation process.

To Serve the Poorest Clients, Earned Income Isn't Enough

Harvard Business Review

At the same time, grant support enables us to innovate, grow faster, and stay focused on the bottom of the pyramid. Only through many small operational innovations have we been able to get to 85 percent. The Social Franchise Model Works in Times of Uncertainty.