Leadership
How NASA Technology has Turned Into Innovation for Many
Successful governments look to the future. They innovate. They find ways to make things more efficient, both in terms of time and in terms of money. Sometimes they develop incredible products that work better than they could have ever imagined, and used more widely than originally planned for. The p
Innovation by Design: What Is It & Why Does It Matter?
Innovation by design is the utilization of a designer’s methods and sensibility to address the customer's needs. Innovations in design bring new ideas to the design process, allowing designers to be more efficient and cost-effective.
The Economics of Innovation: Valuing Innovation as an Intangible Asset
The Austrian-born American economist, writer, and business consultant Peter Drucker wrote these words almost a half-century ago, and they still ring true today. Drucker had his finger on the pulse of corporate evolution and lived to see the truth of his words play out in global economic trends. “Alt
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 pr
How to Implement the Law of Execution
Theodore Levitt, known for creating and popularizing business terms like ‘corporate purpose’ and ‘globalization,’ understood the necessity for balancing an innovation agenda with the operational agenda. He also understood that this balance doesn’t come easy. The challenge is really two-fold. First,
3 Examples of How Poor Business Execution Can Impact Innovation
Many exciting innovative ideas fail. Why? One reason is the poor business execution of the idea. 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 man
3 Innovative Companies That Understand How to Execute for Success
Jack Welch was the CEO of General Electric for two decades because he knew how to accomplish what he discussed above. He knew how to balance the execution of operational activities and innovative agendas. Not every business leader can do this, but there are a few who have. And those few have electri
How Micromanagement Can Be the Death of Your BHAG
When you have started your own business and built it from the ground up, it’s normal to have a certain attachment to it and to feel like micromanagement is the only way to ensure things get done. After all, you know your company inside and out. You have a vision for it. You care about […]
3 Big Hairy Audacious Goals That Drove Game-Changing Innovations
Arnold H. Glasow would know. An entrepreneur of the Great Depression, Glasow set the goal of making everyone in America smile. And he did. He published humor magazine after humor magazine for 60 years. In fact, he was so good at it that publications like the Chicago Tribune, Forbes, and the Wall Str
5 Steps to Implementing a Killer Innovation Process
Innovation isn’t always pretty. It’s messy and tough, often frustrating, and sometimes even infuriating. That’s why most businesses avoid it, or only approach it haphazardly or reactively. But that’s why most businesses are most businesses. For the businesses that want to be changemakers, an innovat
