This graph from recode indicates that Amazon is worth TWO Walmarts! That's the power innovative companies have over non-innovative ones. But wait, Walmart was innovative at one point. It changed the entire retail landscape, swallowing up mom & pops that couldn't compete with its massive scale and buying advantages. What happened? It stopped innovating. The …
Continue reading "Do Innovative Companies Really Out Perform Non-Innovative Companies?"
This quote from Charles Kettering has been hacked by almost every consultant and project leader there is. While it may be timeless, this quote has to do with decision making, not innovation, and could actually do innovation more harm than good. Stating a problem well doesn’t guarantee the problem is fully understood, or that it is even the right …
Continue reading "The Problem with “A problem well stated is a problem half solved.”"
The innovation process often starts the same way every time. A team of people from the same department, probably the same sub-team within a department, has an idea and meets to brainstorm some possible ideas that address an opportunity or problem. Since they are responsible for doing the work, they assume they are the best …
Innovation is sort of like what Steve Jobs thought about meetings. He believed that you should not let meetings be something that happens TO you. If you're in a meeting and not adding any value, Steve would say, "Leave!" If you're not adding value, leave. If we're not adding value to a market, should we …
How many ideas were spoken in the past but have been forgotten? How many of those ideas would be breakthrough ideas today?
