The Need for Speed: The Most Effective Way to Move Quickly is to Make the Right Decisions the First Time
Speed is often touted as a critical factor for success, with businesses of all sizes striving to move swiftly to capitalize on opportunities, stay ahead of the competition and save money. However, there’s a crucial nuance to this need for speed: it’s not just about moving fast; it’s about moving fast in the right direction. Here lies the distinction between mere haste and effective leadership.
How CEOs F-Up Innovation #14: the Not Invented Here (NIH) Syndrome
CEO’s can F-up innovation both by denying NIH is an issue in their company, and by failing to embrace outside innovations in the innovation portfolio.
Stop Wasting Time On Ineffective Innovation Management Practices
R&D and innovation management executives are always looking to implement best practices that improve their opportunity for success. However, many practices and ‘common-sense’ innovation management decisions don’t have any correlation with innovation success or failure.
Inflection Points: when current strategies no longer work
Inflection points manifest in two primary forms: expansion or contraction. However, both signify the same reality; strategies that worked in the past may no longer suffice in the future. Successfully navigating through either type of inflection point is crucial for a business’s survival.
While many executives rely on financial metrics to detect inflection point shifts, these metrics often lag behind the actual changes.
Why conflict is a prerequisite for good innovation decision-making
Innovation is fundamentally about challenging the status quo.
Challenging assumptions and decisions is critical to avoid one of the 9 ways leaders fail by innovation: Innovating for themselves.
Arguably the most important component of growth, Innovation contains the decisions executives are least prepared for
There is a false mystique around innovation. Designers, engineers and consultants espouse that it must be experienced first-hand, requires talent and cannot be taught. However, innovation is a business function with the same inputs, KPIs and outputs as any other. It makes innovation management a subject that every CEOs should, and can, be expert at long before they take the reins at any company.
This is Why Innovation Teams Lose Money
Corporate innovation teams are money losers because innovation teams are not using analytical simulations to make investment decisions the way fund managers do.