Jeff Bezos, the founder of Amazon, has often spoken about the nature of failure and innovation, especially in the context of his own company’s journey. He distinguishes between two different types of failure: “experimental” failures and “operational” failures.
Tag Archives: Innovation
The Double-Edged Sword: How Compromise Can Stifle Innovation
In the bustling hallways of business, a commonly heard word is “compromise.” Heralded as a necessary tool for successful collaboration, it’s often the bridge that connects differing opinions, resolving conflicts and smoothing out rough patches. But while compromise has its merits, particularly in team dynamics, it can cast a long and ominous shadow on the sacred ground of innovation.
12 Methods for Overcoming the Illusion of Expertise to Drive Innovation
In my last post, I wrote about how experience, expertise, is an enemy of innovation. The illusion of expertise, where years of experience create a mental roadblock to new ideas, can significantly hamper innovation. It doesn’t just apply to people but to groups; called groupthink, which is expert thinking on steroids!
Why Experience Can Be the Enemy of Innovation
“How come we’ve never heard of you? Everyone who works here has been in the industry for at least 25 years.” I was told this earlier this year by a VP of a company I consulted for. I sensed some hostility from his comment. Of course, I was brought in to help shake things up precisely because this company has been doing business the same way they’ve always done it.
Innovation Superpower: Networking for Innovation
I have a friend owns a restaurant and he organizes weekly meetups, so last week I went and met new people. I usually don’t do a whole lot of networking events, but this time I said ‘why not!’. I met a bunch of people there. But, one contact stood out among the many. Everyone else was there to pitch their stuff, this guy was there to learn and expand his perspective.
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12 Habits of People Who Are Always Learning New Skills
I’m a lifelong learner. Learning is a habit for me, not something that I have scheduled on my calendar to do; I just do it. One of my mottos is “If I’m not learning I’m not growing.” How do you become a lifelong learner? You learn from other learners. Specifically, learn about their habits.
The 10 Biggest Enablers of Innovation Performance In Most Organizations
The 10 biggest blockers of innovation list I published a few weeks ago hit a nerve! To me, The best way to kickstart innovation in your organization: is just to eliminate the biggest blockers and innovators will innovate!