Category Archives: Innovation

Stay the Course – Reinvent Yourself!

To a business owner or CEO, “Stay the Course & Reinvent Yourself” may sound like a choice between continuing on a given path or choosing another. However, the truth is that innovative firms continue being one thing while becoming something … Continue reading

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Copy Cat Your Way to Success – Part 2 – Market Validation

According to Rob Adams, author of If You Build It, Will They Come, more than 65% of new products introduced by established companies, with already entrenched products, will fail; for start-up companies the failure rate is over 90%. The probabilities … Continue reading

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Copy Cat Your Way to Success

Part 1 According to Rob Adams, author of If You Build It, Will They Come, more than 65% of new products introduced by established companies, with already entrenched products, will fail; for start-up companies the failure rate is over 90%. … Continue reading

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Harmony & Collaboration

The CEO’s position now demands the skill set of a symphony orchestra conductor. Chris Trimble and Vijay Govindarajan (T & G) of the Tuck School of Business state “innovation and ongoing operations are always and inevitably in conflict”. That’s why … Continue reading

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Innovation is a Symphony, a Harmony, and a Romance

Turning Ideas into Extraordinary Value To be an effective business leader these days takes more than the usual business skills. What has become necessary is developing “soft skills”. The CEO’s position now demands the skill set of a symphony orchestra … Continue reading

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Building the Innovation System

One goal in this blog is to show that an innovation system can be put in progressively over time, in a step-by-step fashion. So let’s consider what we do with our newly found, critical insights. The goal is to consistently … Continue reading

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Stay the Course – Reinvent Yourself!

To a business owner or CEO, “Stay the Course & Reinvent Yourself” may sound like a choice between continuing on a given path or choosing another. However, the truth is that innovative firms continue being one thing while becoming something … Continue reading

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Innovation: The Need for Focus

Big ideas come from insights that center on solving customer problems. Not everyone would exercises agree with this; some think that the best ideas come from wild and woolly brainstorming, unfocused ideas that get way “outside the box”. However, the … Continue reading

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Blackberry’s Research In Motion (Rim, Rimm): Victim of its Own Success

“Four years ago we beat Microsoft…. However, overconfidence clouds good decision-making.” Back when I was an investment executive, we had a saying that went something like this “when they start hanging art on the wall, it’s time to short the … Continue reading

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Measuring 63 Best Practices of Innovation

Copyright February 1, 2012 Andrew Petrick: all rights reserved There are a lot of Innovation surveys floating around out there – some highly useful; others not so much. Measuring the relative importance of key innovation activities give us a starting … Continue reading

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