Innovation’s Unforced Errors

October 29, 2009

One of the top issues on senior executive’s agendas is the quest to inject a bolus dose of innovation into their businesses in order to meet continually demanding growth objectives. Innovation can have the positive results of differentiation, productivity and neutralizing a competitor’s advantage. Unfortunately, research has shown that the most common result of innovation efforts is waste. As innovation…

Innovation = New Value

October 27, 2009

The topic of innovation can send people in a lot of different directions. Perhaps the simplest definition of innovation is “something that provides new value to customers.” When we think about innovation as providing new value, it opens up a world of opportunities to us. And customers can be both external and internal. So innovation can enable us to provide…

The Challenges of Thinking Strategically

September 8, 2009

What stops us from thinking strategically? During the past ten years, I’ve asked thousands of managers from around the world this question and their strategy challenges can be grouped into three areas: #1.  Resources—most people simply don’t have enough time to get things done and in many cases, the organization doesn’t support people taking time out to think. We’ve replaced…