What I call the @rgmcgrath test: how many hours does your CEO earmark for innovation every week?
From what we see @strategyzer the minimum should be 40% - else innovation won’t happen.
The best companies have a chief entrepreneur who is as powerful as the CEO.
Having a great R&D process and achieving market success with the technologies we invent are different things. R&D spending is not a measure of how well you're innovating.
https://t.co/bZfAJfSDdw
#innovation#leadership#corporateinnovation
Innovation labs present some serious challenges. One part of the problem is what @sgblank calls "innovation theater." But there is an even deeper problem - @ericries calls this the problem of success.
https://t.co/eFwjh8gbm5
#innovation#leadership#piratesinthenavy
In 2021, all innovation teams should remember the following:
- Having a breakthrough technology is not the same as having a great value proposition.
- Having a great value proposition is not the same as having a great business model.
#piratesinthenavy
@AlexOsterwalder have you been having a look at Pinduohuodo successful collective business model based on a gamified shopping experience? Inspiring.
The Chinese Giant That Turns Shopping into a Role-Playing Game
https://t.co/na1xYOnrTR
Quibi burnt through $1.75 billion in venture funding to build something nobody wants.
Proves @vkhosla’s statement that more money generally decreases a startup’s chances of success (because they’re likely to spend it on building something before they know if they should).
Am I the only one that would love a *extract this one slide* feature in @powerpoint ? 7 steps are currently required 🤯So much frictions when trying to do it from an existing deck.
I *want* breakthrough innovation, but I *need* immediate and guaranteed financial results!
The inno equivalent to “I *want* abs, but I *need* donuts.” 🍩 🍩
(Pic via @_youhadonejob1)
Innovators/entrepreneurs, don’t lose courage! Not every try will be a win!
For every huge startup / innovation success (aka unicorn), there are at least 162 failures and 87 mediocre results.
You get better by trying! Get up, stand up!
@AlexOsterwalder@tendayiviki counterintuitive at first but it is also a major *structure* challenge for corporates to develop a lean and impactful innovation practice at scale. You need to rightfully setup your innovation engine w/ a repeatable process + BM portfolio management.
Entrepreneurship & Innovation is NOT an *idea* or *creativity* challenge.
It’s a *perseverance* challenge: do you have the determination to *adapt* your idea *UNTIL* it creates value for customers embedded in a profitable & scalable business model?