Conventional leadership won’t get you innovation. How so? A myth that is commonly associated with innovators like Steve Jobs is that their respective companies achieved extraordinary success because of them. Wrong. Steve Jobs didn’t do everything himself, he’s even said so publicly that “ideas trump hierarchy” at Apple.
Our businesses are the products of the choices we make every day. Whether we choose to spend an hour with a client, an hour on paperwork or an hour cleaning up the office, each option has an impact.
Though most everyone agrees on what the basic components of an entrepreneurial ecosystem are, it is a myth that simply having those components will result in game-changing innovation. For example, think about Silicon Valley, the use case for all innovation ecosystems; why and how does it sustain innovation? Sure, culture is one component. But, what […]
Why do startups like AirBnB, Uber, Space X succeed while other fail? Is it the team? Funding? Timing? Idea? Business model? You, and most people, will think it’s all about the idea, the team and execution. It’s neither. According to serial entrepreneur Bill Gross, it’s all about timing.
Want to know why innovation is so hard? Though the vast majority of companies do some kind of market research, it isn’t enough because whatever insight is gleaned from it is lagging by the time a formal report is made. Instead, companies need to go deeper and step into customer’s lives. A good part of […]
Most companies, as well as individuals, suck at innovation because they suck at change. Why? First and foremost, succeeding at change requires open mindedness because if you aren’t open to new ideas how can you expect others to be open to yours.
40% of today’s Fortune 500 companies will be gone in ten years: