In Mexico we say “Es otro pedo!” to express when something is awesome or so challenging that it blows your mind. So when I’m talking to other entrepreneurs or simply brainstorming through ideas, an exclamation like that is something I’m looking to hear or provoke in others; a sense of challenge.
It’s not the idea, it’s what you do with it. Design an organization that is both competent at generating and executing effective ideas. For all the research and literature that exists about innovation, ideas still take up the vast majority of the attention as the leading factor behind successful innovations. Because ideas are the sexy [...]
Most of what is called innovation is incremental in nature. Meaning, an improvement on something that already exists. This is innovating within a known box. Microsoft is company that is the poster boy for this type of behavior. It’s a shame because they invest a lot of money on R&D but not much of its [...]
I often use the quote “Never innovate to compete, innovate to change the rules of the game” to express the mindset of a true innovator. You see, I detest copycats. I pay attention to maverick companies, not the ones that merely implement some framework to put themselves in a position to innovate. Then, our culture [...]
Understanding and accepting the innovation equation: Innovation = reducing errors + increasing insights Via Seeing What Others Don’t: The Remarkable Ways We Gain Insights (Kindle):
Take care of the basics. Sometimes we don’t and get ourselves into trouble; especially when trying to create a new market. As innovators, when it comes to trying to help people understand how our idea can address an unmet need, we make some critical mistakes. Here are three that are very common:
As innovators that want to make things happen and are constantly seeking ways to counter resistance to change. It comes with the territory and is the most predictable challenge we will encounter. At this point, the literature around innovation is vast, so we can all agree that there are many common sources of resistance to [...]