Why It Might Pay NOT to Eat Your Own Lunch
How many times have you heard the advice “eat your own lunch before someone else does.” It is one of the most over-used clichés in business (and in a cliché-riddled field, this is quite an achievement!). According to this line of thinking, when an established company is confronted with a potential threat to its core…
You Can’t Buy Love or Good Innovation Ideas
In 1964, the Beatles released their hit single “Can’t Buy Me Love.” The song reminds us that there are certain things in life—like health, happiness and of course love – that just can’t be bought, no matter how much money you spend. I would like to add innovation to this list. It’s become a common…
Your Innovation Strategy Doesn’t Need Disruption
A commonly held view is that routine innovation is not “real” innovation and that any company focused on it is myopic at best and suicidal at worst. But the truth is that routine innovation can, under the right conditions, be extremely profitable.
Why Your Innovation Initiative Probably Failed
The usual suspects are lack of senior leadership’s commitment and middle management’s resistance to change, but I have found the real reasons run much deeper.