Building a Business That Booms in the Innovation Economy

When Gary Hamel says, “Jump,” businesses ask, “How high?” Hamel is one of the greatest business thinkers of the present day, and the Wall Street Journal and Forbes agree. So when Hamel talks about how both business leaders and their teams need to be engaged in the innovation process in order thrive, we would all […]

The CEO Innovation Dilemma: Creating an Innovation Culture That Works

CEOs across America are facing a critical dilemma: how to keep up in today’s innovation economy. 97% of CEOs agree that innovation has grown increasingly important over the last 10 years, and 73% of those CEOs note that innovation plays an important role in determining the value of a company. The problem, however, is that […]

3 Examples of How Poor Business Execution Can Impact Innovation

You can have brilliant ideas, but if you can’t get them across, your ideas won’t get you anywhere.

Lee Iacocca has had a few brilliant ideas over the course of his career. He spearheaded the development of some of the most classic Ford cars, like the Pinto and the Mustang, which is just one of the many reasons he is seen as one of the greatest American CEOs of all time. But as […]

How to Create a BHAG That Will Motivate Your Team and Drive Innovation

People with goals succeed because they know where they're going.

The ‘Dean of Personal Development’, Earl Nightingale, earned his name through the excellent advice he gave out in speeches, in his books, and on the radio. He knew how to help people succeed, and he knew that, without a goal, individuals would rarely be able to achieve this success. And this rule is no different […]

3 Companies That Got Their Innovation Process Wrong

Louis Boone should have included this pearl of wisdom in the university-level textbooks he wrote for marketing, business, and economics courses. His textbooks were the ones that educated many of the world’s current CEOs, CFOs, and other executives. While some of these Boone-trained business leaders are making waves with their exciting innovations, others seem to […]

Incorporating The Law Of Patience Into Your Innovation Culture

Over the last few weeks, we’ve looked at the Law of Patience and how either succeeding or failing to implement this important law can impact innovation success. We’ve seen that, all too often, people in business equate patience with negligence. In their minds, patience is the opposite of what’s needed to make big things happen. […]

What Innovation Resources Are Needed to Thrive?

The Law OF Resources

You can’t make a return if there’s no investment of resources. This is true of every business venture, and it is even more true when it comes to innovation. But innovation isn’t easy. For many businesses, it can be tempting to forego a focus on innovation and instead encourage steady, incremental growth, which is less […]

Innovation Culture: What Does it Mean and Why Does it Matter?

Innovation doesn’t happen on its own. If you truly want to innovate throughout your company, you must create a culture that encourages cooperation, rewards creativity, and fosters a positive working style that creates more opportunities for every individual. Culture is one of the 7 Immutable Laws of Innovation and the subject of my next several […]

Innovation culture

Innovation in Africa: Challenges and Opportunities

While for centuries, Africa has been seen as the “dark continent,” it is quickly becoming a hotbed of innovation, and smart investors are taking notice. Many challenges remain, but it’s safe to say that the seed of innovation in Africa has been planted. “The best time to plant a tree was 20 years ago. The second […]

What Is The Silicon Valley Secret Sauce For Innovation Success?

There’s plenty of advice out there about how to make it in Silicon Valley. Some things are required for innovation success anywhere in the world, but the valley is a special place with different rules. As someone who’s spent a lot of time there, I think there are a few important elements to Silicon Valley’s […]

Silicon Valley Secret Suace