Archive for: 2012

Innovation must reads of the week: What is the missing real cost of not innovating?

Innovation must reads of the week: What is the missing real cost of not innovating?

Storified by Jorge Barba · Fri, Oct 12 2012 13:48:14

The Value Proposition Canvas – http://su.pr/1Uq1TJ – Alex Osterwalder – #innovation #mgmt #product #mktg #skills #valueBraden Kelley
What is the missing real cost of not innovating? http://bit.ly/Rlbxnh #innovation #innovate #innochat #openinnovationPaul Hobcraft
Innovators need short memories http://innovateonpurpose.blogspot.com/2012/10/innovators-have-short-memories.html We exhibit short memories about people and culture, but not ideas #innovationJeffrey Phillips
Must read and … take action! >>Innovating #Innovation | Management Innovation eXchange http://ow.ly/eqv6AArnold Beekes
3 questions to jump-start your company’s growth http://s.hbr.org/Rgp3sqHarvard Biz Review

If you like these links, check out all the previous “Innovation Must Reads of the Week“. And don’t forget to

question to innovate

How do you innovate in a NO environment?

question to innovate

This is the fifth of a series of weekly posts where I will answer a few common questions about innovation. Please feel free to add your own response. Also, if you have any questions you think we should discuss, let me know.

Yesterday’s #innochat discussion focused on the situation lots of aspiring innovators operate in: a NO environment.

First, what does  a NO environment look like? For me, it looks like:

google's master plan

Tactics are superficial, strategy is deep

google's master plan

Here’s the question posed on yesterday’s #bizforum chat.

My answer: Because, as always, everyone copies tactics. Not strategy.

Apple’s strategy is unique to them. Their reason for existing is theirs alone. And their tactics are aligned with that strategy. More importantly, their type of leadership, based on principles of excellence and artistic perfection; is laser focused on executing their strategy.

Who else thinks and acts that way? Not many.

peeling paint

Subtract to innovate

peeling paint

You have to shed some of your old skin to make room for the new one

While I don’t advertise it, I do give workshops on social media marketing and research. I give them on a “people/businesses ask me for them” basis. Why? Because I’m not really interested in telling you how to increase the number of Likes and/or followers. This is what the industry has become about. And businesses, like always, go head first without truly understanding what “this” is really about.

What I’m really interested in telling you, is what this “social stuff” means beyond marketing. What it means for how you organize, how you hire, how you deliver on your value proposition, how you work, how you communicate, etc. What it means to let real-time customer-insights direct your strategy.

As I told a buddy of mine recently, this is not an add on process where you just “install” a new feature to your business. My buddy wanted to know what the expected ROI was for these social media initiatives. This is a short sighted and correct MBA question. But that is not the question you should be asking because this is not an add on. It is not like adding new rims or a new intake system to your car, it’s the opposite.

It’s about subtracting some of what you already do to make room for the new.

Innovation must reads of the week: Who says innovation has to be expensive?

Innovation must reads of the week: Who says innovation has to be expensive?

Storified by Jorge Barba · Sat, Oct 06 2012 17:56:55

Good insights: @ScottDAnthony on why ‘Business Model #Innovation is the Fastest Path to Greatness’ – http://onforb.es/UqD90o #strategy #bmiRalph-Christian Ohr
Who says #innovation has to be expensive? http://innovateonpurpose.blogspot.mx/2012/10/who-says-innovation-has-to-be-expensive.html Small investments in capability can lead to outsized benefitsJeffrey Phillips
Xiameter Case Study: Adding Business Model #Innovation – using the Innovation Matrix to track firm evolution http://buff.ly/PyNYHkTim Kastelle
‘Trust your gut,’ make better decisions: study http://smrt.io/QQ9p6xSmartPlanet
Big Companies Can’t Innovate Halfway http://s.hbr.org/PzE9HRHarvard Biz Review

If you like these links, check out all the previous “Innovation Must Reads of the Week“. And don’t forget to

question-to-innovate