Mindset may the most overlooked strategic issue in business today. Getting yourself and your people into the right frame of mind is becoming a crucial determinant of competitiveness, thanks to two huge business trends.
Innovators think differently. Corporate executives devote considerable time and resources to making future predictions, which they use to guide their decisions. Whereas entrepreneurs set out to create a future they believe is feasible given what they have to work with and the effects of the actions they take...
There’s something remarkably powerful about a good story. It can take the driest of facts and breathe life into them, and it can do the same thing with an idea. Skilled innovators take their ideas and turn them into stories, often reshaping their assumptions and beliefs in the process.
The paradox of innovation is that it requires the courage to take risks, yet it’s also grounded in caution, the realization that threats can appear suddenly. Like a squirrel, we need to be constantly scanning for potential threats and opportunities.