Tag Archives: Innovation

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.

Productivity Is For The Robots (For Now)

It’s inevitable, the robots are coming for our jobs. McKinsey Global Institute predicts that robots could increase global productivity 50% by 2025, adding $2 trillion to the economy; other studies point to similar outcomes.

Right now we’re in phase one of the robot revolution: routine task automation.

Solving the 10 Most Common Innovation Challenges

Solving the 10 Most Common Innovation Challenges

The importance of innovation is increasing each year. Some companies are establishing their internal and external innovation teams, focusing more on developing a culture of innovation. This is a change. It is not easy. Resistance can occur due to some practical and psychological reasons inside the organization.

Here’s A Great Workshop Exercise To Help Your Leadership Team Challenge Their Beliefs / Assumptions

How to think what no one else thinks

How do you think what no one else thinks? Innovators come to their insights in various ways, one is by questioning deeply held beliefs / assumptions inside companies and industries about what drives success.

You see, innovation is as much about attitude and perspective as it is about process. By challenging the status quo innovators gain the necessary perspective to be able to see things anew.

Use Or Lose: Nurture Your Talent

nurture your talent or lose it

Call it brilliance, talent or anything you want, it exists and shouldn’t be taker for granted. If you don’t value brilliance, you don’t value innovation. I wrote that post a few weeks ago and it hit a nerve. It sounds harsh, but it’s true. How true?

Here’s an example…