Ambidextrous Innovation:

Great Leadership By Dan

How Can Leaders’ Best Explore and Exploit both Disruptive and Incremental Approaches to Innovation? With the market realities of the current economy, it appears that new players need to continually break through the ranks in order to survive. Andrew Grant culture Gaia Grant innovation

How Big Companies Can (and do) Innovate Like a Start-Up

Leading Blog

T HE INNOVATION WE PRIZE at successful start-ups is a mindset that is brought into the start-up and not necessarily the inherent quality of every start-up. Innovation isn’t something that just happens; we create the conditions for it. Big organizations can innovate like small start-ups.

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How Innovation Is Completely Different in Established Organizations than in Startups

Leading Blog

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.

How Do You Calculate ROI?

Mills Scofield

The calculation defines gain in financial terms. Customer Value : delighting customers with meaningful solutions that meet real needs within the customers’ contexts and constraints; perhaps even creating new markets and industries.

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A Partial Defense of Our Obsession with Short-Term Earnings

Harvard Business Review

Here’s a conundrum: On the one hand, there’s a consensus among thoughtful business leaders that too many companies are sacrificing long-term growth on the altar of smooth, reliable short-term earnings. the capital markets are much stickier.

Lessons from Companies That Put Purpose Ahead of Short-Term Profits

Harvard Business Review

” Paul Polman, the CEO of Unilever, announced that shareholders should sell if they did not agree with his decision to stop giving quarterly results and focus on the long-term creation of value that is “equitable, shared and sustainable.”

The Real Reasons Companies Are So Focused on the Short Term

Harvard Business Review

This has been a remarkable year for the markets. Some argue that profits are stagnant because of short-termism—that decades of focusing on current profits over long-run innovativeness has resulted, now, in companies that are hollowed out. Indeed, a study by Rachelle Sampson and Yuan Shi found that company short-termism is negatively correlated with innovativeness, measured as RQ ( “research quotient,” a measure of the return on R&D investments ).

Leading for Innovation: Why Fighting Fires Burns Down the House

LDRLB

Others experience the inherent tension but let short-term goals and fire-fighting consume their lives – at the expense of preparing for and positioning themselves for the future. This one little question lies at the intersection of two big fields – leadership and innovation. Innovation today is as much about how you deliver value as it is about what it is you offer to the market. Provide an innovation vision – Create a vision for innovation.

Leading for Innovation: Why Fighting Fires Burns Down the House

LDRLB

Others experience the inherent tension but let short-term goals and fire-fighting consume their lives – at the expense of preparing for and positioning themselves for the future. This one little question lies at the intersection of two big fields – leadership and innovation. Whereas innovation used to be all about research & development, technology, and product or service innovation, what’s required for innovation today goes far beyond the traditional nuts and bolts.

What Not to Do When Business Sours

In the CEO Afterlife

In terms of rectification, you have to look at the issue in the context of whether the problem is a short-term blip or the beginning of a long-term shift to your business or industry.

Infinite Leadership: Lessons From Nature

Lead Change Blog

In it, he suggests that business leaders should stop focusing on short-term (finite) gains and instead focus on the long-term (infinite) game of the business. When at school, I clearly remember learning about Japanese theory management and how, in Japan, people were more concerned with the long-term outcomes of what they did rather than the immediate short-term benefits. Public companies are measured by their 90 day success on the stock market.

Why Strategy Withstands the Test of Time

In the CEO Afterlife

Coke isn’t wasting time assessing non-beverage markets or searching for food acquisitions. The proof is in the numbers; Coke’s profit and market cap consistently outpaces their beverage and food rival, PepsiCo. . Great strategies create long-term stability.

Is Business a Combination of Sport and War?

In the CEO Afterlife

As for sport, the game of market share was an easy way to track success. With only 100% available to the players of the market share game, you knew whether your play(s) made you a winner or a loser. The delusion is that market share is the “be all and end all” of business success.

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How to Win in Africa

Leading Blog

They say business leaders tend to “underestimate Africa’s size and potential as a market, and overestimate the challenges of doing business there.”. This young continent, with a median age of around twenty, is an eager adopter and innovator in all things digital and mobile.”

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Actionable Steps To Improve Your Business’ s Financial Position

Strategy Driven

2: Assess your marketing tactics. For any business to make a profit, marketing has to be key. However, you don’t want to waste money with your marketing efforts. Firstly, analyze your marketing tactics. For those marketing tactics that are working, keep using them.

Restoring the Soul of Business

Leading Blog

Making these types of connections helps you take the data one step further, determining if it’s going to have a short-term or long-term impact, if it’s suggesting the end of a trend or the beginning of a new one.” D ATA without soul is harmful.

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How to Drive Strategies By Assessing Your Company Capabilities

N2Growth Blog

What segment of the market do they serve? By market segment? Liquidity: What will be the immediate impact of an unexpected market downturn or product launch failure? Can assets be turned quickly to meet short-term obligations?

Strategy for Non-Strategic Leaders

In the CEO Afterlife

When I was on the ‘hot seat’ and in the line of fire as a CEO, I constantly dealt with pressing day-to-day issues such as bringing in the quarter, forecasting erratic commodity markets, reacting to predatory pricing, and stressing over sales shortfalls and excess inventory.

How HR Can Help Managers To Become Better Leaders

Tanveer Naseer

You aren’t likely to be affected by any team bias or prejudice, and probably find it easy to remain objective about the organization’s short-term and long-term needs. The best leaders, on the other hand, use strategic skills to achieve both short-term and long-term goals.

3 Important Lessons Leaders Can Learn From Success

Tanveer Naseer

Granted, there is quite a large variance in terms of how each organization chooses to define what success would look like for them. If there’s one attribute organizations and leaders everywhere share in common, it’s the pursuit to achieve success in their collective efforts.

Is Social Accountability Changing Leadership?

Lead Change Blog

No longer is it acceptable for CEO’s to focus on short-term gain to line their pockets. Rather, business leaders need to take a longer term approach, which means no longer being driven by the 90-day reporting cycles of the world’s stock markets. In the short term, that is,” he is quoted as saying. Business stakeholders—customers, investors, and team members—are now demanding more from the businesses they “work” with.

How To Lead In Uncertainty

CO2

Several years ago, a dear friend of mine, Darrell Mann, CEO of Systematic Innovation , predicted that some catastrophic event would soon plague humanity. An S-Curve is the measurement of speed in the adoption of new innovation.

10 Principles For Developing Strategic Leaders

Tanveer Naseer

Systems and Structures The first three principles of strategic leadership involve nontraditional but highly effective approaches to decision making, transparency, and innovation. Instead, create a variety of channels for innovative thinking.

Should Marketing or R&D Have More Power?

Harvard Business Review

R&D and marketing typically come at product development from different angles, and R&D’s “things” approach is often at odds with marketing’s “people” focus. You need marketing’s input. They’ve studied the role of strategic innovation in corporate performance.

How Big Data Is Changing Disruptive Innovation

Harvard Business Review

Much fanfare has been paid to the term “disruptive innovation” over the past few years. Christensen has even re-entered the fold clarifying what he means when he uses the term. Disruptive innovations are: Cheaper (from a customer perspective).

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. Today, US firms have less than 2% of market share in the multi-billion automotive lithium-ion battery industry.

Why Every Fortune 1000 CEO “Needs a Therapist”

Lead Change Blog

These interviews covered aspects of the innovation and change these futurists predict, to the timeline and ever-accelerating pace of this change, to suggestions about how the industry could cope with the change to come. At one conference I attended (the Direct Marketing Association, no less!)

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What Data-Obsessed Marketers Don’t Understand

Harvard Business Review

Big data has become the X factor of modern marketing, the hero of every marketer’s story. You may be thinking that data will magically turn bush-league marketing into a winning “Moneyball” performance. The goal is to help marketers find balance.

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Private Equity Can Make Firms More Innovative

Harvard Business Review

And a recent working paper out of the Dusseldorf Institute for Competition Economics ( DICE ), a think tank of sorts, focuses on the latter by exploring whether leveraged buyouts (LBOs) make firms more innovative. PE investors don’t typically invest in firms known for innovation.

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William Donaldson on Entrepreneurial Leadership

Leading Blog

That mindset is “about the application of creative thinking and prudent risk-taking to build innovative, long-lasting organizations in any sector of the economy.” W ILLIAM DONALDSON has led a full life.

Smart Business is Business Redefined

Leading Blog

Instead, Alibaba is what you get if you take every function associated with retail and coordinate them online into a sprawling, data-driven network of sellers, marketers, service providers, logistics companies, and manufacturers.

If Your Business isn’t Agile, You Won’t Have a Future. It’s That Simple

Great Leadership By Dan

Tiny niche players can emerge from nowhere to take the market or make expensively researched products obsolete overnight. To compete effectively, speed, innovation and intense customer focus are of essence. Guest post from Linda Holbeche : The rulebooks of business are being rewritten.

The CEO's Frugal Innovation Agenda

Harvard Business Review

In sum, CEOs need a frugal innovation agenda. Frugal innovation is the ability to innovate cost-effectively and sustainably under severe resource constraints. In our last blog post , we showed how Carlos Ghosn, CEO of Renault-Nissan and inventor of the concept of "frugal engineering", is reinventing his entire company so it can innovate faster, better, and cheaper in a complex and resource-scarce global environment. Competition Global business Innovation

MFG of South Dakota: Trying To Do Some Good in the World

N2Growth Blog

MFG of South Dakota is a subsidiary of the Molded Fiber Glass Companies (MFG), a leader in the field of reinforced plastics and composites, serving diverse markets with a variety of composite material systems and processes.

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How to Prioritize Your Innovation Budget

Harvard Business Review

You probably reach for your firefighter’s hat to extinguish the short-term problem. The problem is, this instinct crowds out longer term, innovative thinking. This seems basic, but often people just don’t know the precise answer or haven’t thought in these simple terms.

What 40 Years of Research Reveals About the Difference Between Disruptive and Radical Innovation

Harvard Business Review

” It’s important to distinguish between different types of innovation, and the responses they require by firms. In a recent publication in the Journal of Product Innovation, we undertook a systematic review of 40 years (1975 to 2016) of innovation research. For example, the model revealed that the topic “disruptive innovation” is often mentioned alongside the topic “business model” in many studies. Bloomberg/Getty Images.

No Innovation Is Immediately Profitable

Harvard Business Review

Team members had researched the market thoroughly. It employed a business model that would make it very difficult for the current market leader to respond. You’ve told me it’s a big market, but I’m not sure yet what we get out of this.”. Even using what seemed to be conservative assumptions, the team’s long-term projections showed a big, profitable idea. That choice has long-term repercussions. Budgeting Disruptive innovation

Innovation Isn’t Just About New Products

Harvard Business Review

The innovation mindset isn’t just about product innovation. Some organizations have focused on product innovation for so long they don’t know how to innovate in any other areas. How could such a great product innovator strike out so fast? Innovation Intent.

For Breakthrough Innovation, Focus on Possibility, Not Profitability

Harvard Business Review

As someone who’s been involved in marketing breakthrough innovations, I’m convinced Google’s approach is the right one. Google is focused on possibility rather than profitability — a mindset that’s necessary to create innovations that transform categories. Innovation

How Chinese Companies Disrupt Through Business Model Innovation

Harvard Business Review

The difference between displacement (outperforming existing market incumbents at their own game) and disruption (changing the game) is strategically important, no matter how similar the pain they cause is. Experts continue to debate whether Chinese businesses are truly disruptive.

Don't Cripple Innovation for the Sake of This Quarter's Numbers

Harvard Business Review

A new metric for R&D productivity that I call RQ , or research quotient, lets companies figure out the effectiveness of their R&D investments relative to the competition and enables them to determine how changes in R&D spending will affect the bottom line and the company's market value.

4 Things Your Innovation Efforts Shouldn’t Focus On

Harvard Business Review

But too often CEOs find themselves stuck in what I call an innovation plateau. A main indicator of how widespread this plateau has become is the decline in corporate investment in R&D, the invisible infrastructure that supports true innovation. Innovation Strategy: Timing and Scope. First movers and second movers can be just as successful – as long as companies tailor their innovation strategy to their approach. Efficiency is not innovation.

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Forget Brand Preference – Win the Brand Relevance War

Strategy Driven

There are two ways to compete in existing markets – gaining brand preference and making competitors irrelevant. Most marketing strategists perceive themselves to be engaged in a brand preference battle. Whole Foods Market.

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