Tag Archives: Innovation

Digital Renaissance: Transforming your company for the digital economy

digital transformationDigital technologies, powered by the internet, are disrupting every industry. According to Pierre Nanterme, CEO of Accenture, digital is the main reason just over half of the companies on the Fortune 500 have disappeared since the year 2000.

It’s safe to say that you’re either a digital business or a dead business.

Are all problems worth fixing?

I admit that I’m of the particular mindset of looking out into the world and find flaws— glitches in the system— and construct logical paths in my mind to fix them.

And, if I can start crafting a solution with a blank slate the better. Who doesn’t like thinking about what’s possible!

But, are all problems worth fixing?

Different: Escaping Mediocrity

be different

There comes a point in time when all business compete for the same thing: sameness.

It shouldn’t be this way, because competing to be the best at what everyone else does leads to mediocrity. On today’s episode we discuss how to escape mediocrity; not mindlessly pursue it.

Here’s what innovators do differently that imitators don’t

the innovator's key skillsAre all innovators alike, and can we all learn and develop the skills to become innovators? Yes.

I’m big on fundamentals, and though you can’t create a Mozart or David Bowie, you can unleash your innovation capability by applying the skills necessary to be creative and innovate.

For me, innovation is a mindset.

The definition of mindset is the following: “a habitual or characteristic mental attitude that determines how you will interpret and respond to situations.” The really insightful word in that definition is “habitual.” And habits are developed and determined by regular practices.

So, if innovation is a mindset, and a mindset is defined by habits, then creating processes that encourage the right practices or habits can provide a powerful foundation for innovation.

So, what do innovators do differently from non-innovators?

Why most businesses aren’t prepared to embrace what’s necessary to actually innovate

innovate or dieNot all entrepreneurs are innovators, only a handful. The result is that the vast majority of businesses out in the world were not born from creative ideas, rather derivatives. And when these non-innovative businesses want to explore innovation, they enter a dilemma: In order to innovate, an existing business must keep running the core business while also trying to find the revolution; exploit and explore.