Tag Archives: Innovation

Futures Thinking is an essential 21st century skill: we need to cultivate it widely

our unhealthy obsession with the futureInnovate or die? The idea that we must innovate to be successful, have we taken it to the extreme? Some people think so. An in interesting review of a book argues that our unhealthy obsession with the future, where anyone who wants to be successful has to innovate, disrupt, and “own the future”, is making us come up with simplistic ideas rather than great ideas that tackle real challenges.

The Best Tools For Low Risk Innovation

innovation tools bookLEGO has earned the right to celebrate. Not only are kids playing with more mini LEGO people than there are human beings on the planet but in 2015, they were nominated by Forbes as the most powerful brand in the world. For a company which was on the brink of bankruptcy in 2004, the toy maker has made an amazing turnaround. They restructured, hired a new CEO, and forged more licensing partnerships than ever before. Most importantly, they discovered the secret to some of the world’s most successful, low risk innovation strategies.

How Innovators Distort Reality

blank canvas thinkingAre all innovators alike?

Michael Dearing, a venture capitalist, has developed strong views on the similarities of innovators after screening over three thousand founders and funding over sixty companies since 2006. Dearing observed that the most successful founders are prone to certain “cognitive distortions”: biased, even objectively inaccurate, ways they think of themselves and filter information that enable them to make quicker and better decisions, bounce back from setbacks, and attract talent.

Innovation Killer: Leave Your Innovation Team Alone If You Want Great Ideas

how leaders enable innovationAs a leader, to enable innovation in your teams, you need to create the conditions necessary for innovation to happen. That means setting bold goals, providing support and getting out of the way; but it isn’t easy.

A common innovation challenge inside established organizations is getting out of people’s way to let them put their talent to use and develop ideas that could change the course of the company.

A common strategy that is executed to overcome this challenge is to create a dedicated innovation team, one that doesn’t work on core business challenges; rather it is given time to find the next revolution by letting them play with ideas.