There may be no more important capability a person can have in the 21st century than knowing how to innovate. Not just professional innovators, but every one of us. Personal innovativeness is not a [...]
When it comes to determining whether something is a successful innovation, there is one absolutely crucial test: Does it create value? That value may come in many forms. Usefulness for the customer, profits for [...]
If I asked a group of innovation practitioners, “What are some ways to make the odds of achieving successful innovation more favorable?” I suspect I would get answers like: Look for some quick wins [...]
Iteration is not just about improving products and services and customer intelligence and profitability—as important as those things are. It’s about improving our thinking. What most distinguishes highly successful innovators from those who struggle, is their skill at systematically revising their own mental models—at iterating what’s happening inside their heads.
The pounding that Goldman Sachs took at the very public hand of departing executive Greg Smith is exceeded only by the beating Smith took from Bloomberg, but Bloomber's readers (thankfully) aren't buying it...