“Business model innovation is perhaps the most important form of innovation,” contends author Langdon Morris, “because it’s available to any company of any size, anywhere in the world. All it takes is insight, and the willingness to listen well and try something new.” In this excerpt, Morris lays out a framework and questions that can be helpful in designing new business models or improving existing ones.
How do companies become innovative for the long haul, rather than making it the “flavor-of-the-quarter”? That’s the central question that Nancy Tennant, an adjunct professor at Notre Dame and the University of Chicago, addresses in her new book, “Transform Your Company for the Innovation Universe,” published this month. Tennant was also the Chief Innovation Officer at Whirlpool Corp., where she worked for three decades. We’ve got an exclusive excerpt.
In the new book “Today’s Innovator,” former Transamerica innovation exec Aaron Proietti talks about innovation not as an outcome or destination, but as a competency that can help an organization escape the pull of the status quo. “By treating innovation as a competency, rather than an outcome,” he writes, “innovation can be designed into the very fabric, or essence, of the organization to ensure it is contributing exactly what is required of it.” Check out the exclusive excerpt…
Harvard Business School’s Sunil Gupta on Peloton, Goldman Sachs, and Designing a Digital Strategy That Works
Harvard Business School professor Sunil Gupta has seen a lot of your attempts to make your company more digital. And he is not impressed. In a wide-ranging interview that touched on Peloton, Goldman Sachs, Best Buy, and Amazon, Gupta talked about going beyond the buzzword “digital transformation” to design a digital strategy that works.
Exclusive Book Excerpt: How Companies like Quicken Loans, Intuit, and Atlassian are Reaping the Benefits of ‘Intrapreneurial Time’
“Giving employees time and freedom to work on their own ideas makes great business sense,” write Hugh Molotsi and Jeff Zias in the forthcoming book “The Intrapreneur’s Journey.” But how do you make it effectively in an organization with lots of busy people? Molotsi and Zias explain in this exclusive excerpt.
We sat down with the author and former Apple exec Nilofer Merchant to talk about why corporate cultures can be so hostile to ideas that are a bit off-kilter — or come from people who don’t act like or look like authoritative experts in their field. The conversation began by talking about how large companies can be nimble and open to employee ideas if everyone is told they have to fit in and act like everyone else. Highlights of our interview inside, plus video…
At our Network event earlier this month in Boston, we asked participants about the books, podcasts, and resources on innovation and strategy that they’ve found most useful. Here are some of their recommendations.
How often is innovation the highest-priority issue at your company? Rita McGrath, a professor at Columbia Business School, says it ought to happen at every meeting. In a conversation with Innovation Leader, McGrath discussed how to measure innovation; the concepts of technical and organizational debt; and why responding to changes in your business has to become “the way that we do things,” rather than being seen as a headache or temporary hassle.
We talk to MIT instructor Luis Perez-Breva, author of the new book “Innovating: A Doer’s Manifesto,” about hunches, testing ideas, collecting feedback, and getting ready to scale. “I don’t like the buzzword ‘experimentation,’” Perez-Breva says. “The way it has been used the last 10 years, it leads people to think that you’re doing a random experiment here and there to try things out.”
Stephen Wunker, protégé of Clayton Christensen and author of the new book “Jobs to be Done: A Roadmap for Customer-Centered Innovation,” aims to provide a solid framework and process for companies to innovate with the customer in mind. But how can this framework be implemented within established organizations, how is it different from the methods before it, and what can go wrong in the process? Wunker explains his “jobs framework” and gives us some insight into his newly-released book.
At our sold out Teach-In gathering last month in Boston, we asked participants to share some of their favorite books on innovation. Here are a few of their recommendations, from “Creativity, Inc.” to “The Second Machine Age.”
The authors of the new book “Competing Against Luck: The Story of Innovation and Customer Choice” argue that the most successful companies innovate by focusing on why people “hire” a product or service. In other words, What’s the job they are trying to get done? In this exclusive excerpt, the explain how Intuit and Amazon determine whether they’re on the right track…
The farming mindset is about planting and taking care of the crops, doing basically the same thing this season as you did last season, and hoping the weather works in your favor. Hunters, on the other hand, are all about heading into new territory, discovering new things, and adapting to the environment there. Author and Trend Hunter founder Jeremy Gutsche explains…
At branches of England’s Metro Bank, signs in the lobby and slogans on the screens of the ATMs feel like rallying cries more than product messages: LOVE YOUR BANK AT LAST! DOGS RULE! KIDS ROCK! NO MORE STUPID BANK RULES! Author Bill Taylor explains.
How can large organizations create the future when almost all their time and energy is spent competing for the present? That challenge is at the center of “The Three Box Solution,” the new book from Vijay Govindarajan, professor at Dartmouth College and visiting fellow at Harvard Business School, who has also served as chief innovation consultant to General Electric. Our interview with Govindarajan includes 30 minutes of downloadable audio…
We talk to Ashlee Vance, author of a new book about Musk, about how the founder of SpaceX, Tesla, and SolarCity hires people, battles bureaucracy, and dispatches problems fast.
The authors of the new book “Frugal Innovation: share with Innovation Leader their six principles of frugal innovation, and an example from the book about how Kingfisher plc, the largest home improvement retailer in Europe, is working to move the needle on one of those principles.
A click-worthy slide presentation from Google executive chairman Eric Schmidt and former SVP of Product Jonathan Rosenberg. Among their insights: “Most companies today are run to minimize risk, not maximize freedom and speed.” That approach “is a vestige of an era when failure was expensive, and deliberation was a virtue.”
This week’s links worth clicking: Smart luggage at AT&T’s Innovators Showcase, DuPont’s annual packaging awards, a leaked report on digital challenges at the New York Times, and how not to spur innovation.
Links worth clicking: Medical devices in Instanbul, what big companies can learn from Bitcoin, the startup scene in Silicon Beach, Richard Branson, and Pixar co-founder Ed Catmull, whose new book “Creativity Inc.” is the must-read of 2014.
Innovation Leader’s first weekly collection of articles you shouldn’t have missed; executive comings-and-goings; and new books and reports worth loading onto your Kindle or iPad.
The co-author of the new book “Innovation Governance” shares descriptions of eight major ways to structure a large organization’s innovation leadership — along with survey data about what executives think works best.
Are your innovation initiatives plodding along? Do they lack resources? Innosight managing partner Scott Anthony says the problem could be too many “zombie projects” — and an organizational inability to kill them. Learn more in this Innovation Leader exclusive.
Here’s what author and management guru Tom Peters thinks you ought to be reading as we head into 2014. It’s a fantastic collection of 50 books, on topics ranging from big data to robotics to gamification to loyalty to neurotechnology.