Wednesday, December 17, 2014

Calculate How Much Your Company Should Invest in Innovation

How much does your company need to invest in innovation? It seems like a simple enough question, but answering it with a degree of rigor often highlights a gap that’s bigger than you think between your future financial targets and your current investments in growth. Identifying this so-called “growth gap” is critical, because the bigger [...]

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Expertise: Culture of Innovation, Disruptive Innovation, Jobs-To-Be-Done, Portfolio Management, Risk Management | Comments (0)

Tuesday, December 16, 2014

Practicing the ‘Art of Disciplined Experimentation’

“Why don’t we just do that instead of all this testing?” The ‘we’ in the question is a large client active in the retail space. The ‘that’ is what he assumed was required to launch a new product, and ‘all that testing’ was the test & learn plan that came first. The question posed was [...]

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Expertise: Culture of Innovation, Emergent Strategy | Comments (0)

Tuesday, December 9, 2014

Innovation Leadership Lessons from the Marshmallow Challenge

Imagine a room filled with 30 people, divided into six teams. Each team gets 20 sticks of spaghetti, a yard of string, strips of scotch tape, and a single marshmallow. They have 18 minutes to build a free-standing structure that will enable the marshmallow to rest on top. This is the so-called marshmallow challenge, a [...]

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Expertise: Risk Management | Comments (0)

Thursday, October 16, 2014

When Entering a New Market, Check Your Assumptions at the Door

Sometimes, knowledge is a bad thing, and it can be especially harmful when you’re trying to grow in a new region or open a new market. A case in point happened when my colleague Chris and I were part of a small team working to design and launch a venture in the medical tourism space. [...]

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Expertise: Business Model Innovation, Emergent Strategy, Emerging Markets | Comments (0)

Monday, September 22, 2014

Putting the Cat on the Table: How Candor Can Drive Innovation

In 1997, Korean Air Flight 801 crashed into a mountainside in Guam. While several factors played a part in the accident, the inability of the co-pilot to openly raise his concerns to the captain contributed to the tragic outcome. In his book Outliers, Malcolm Gladwell recounts how accidents like Flight 801 led to the radical [...]

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Expertise: Culture of Innovation | Comments (0)

Friday, September 19, 2014

The Chief Innovation Officer’s 100-Day Plan

Congratulations! Your energy and track record of successfully launching high-impact initiatives scored you a plum role heading up innovation. Expectations are high, but some skeptics in the organization feel that innovation is an overhyped buzzword that doesn’t justify being a separate function. So, what can you do in your first 100 days to set things [...]

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Expertise: Business Model Innovation, Disruptive Innovation, Portfolio Management, Uncategorized | Comments (0)

Wednesday, September 3, 2014

How to Market Test a New Idea

“So,” the executive sponsor of the new growth effort said. “What do we do now?” It was the end of a meeting reviewing progress on a promising initiative to bring a new health service to apartment dwellers in crowded, emerging-market cities. A significant portion of customers who had been shown a brochure describing the service [...]

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Expertise: Business Model Innovation, Disruptive Innovation | Comments (0)

Tuesday, June 17, 2014

Five Ways to Evaluate the Performance of Innovation Teams (When Operating under Lots Assumptions but Little Knowledge)

Companies are increasingly asking us how they should evaluate individuals and teams charged with creating future growth platforms. The question is fraught with complexity, because this kind of work calls upon a skill that doesn’t come naturally to most of us: dealing with an environment with lots of assumptions but little real knowledge. That’s what [...]

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Expertise: Culture of Innovation, Emergent Strategy, Risk Management | Comments (0)

Monday, June 16, 2014

Why Would Amazon Want to Sell a Mobile Phone?

If you believe the rumors, is going to enter the mobile phone business this week, with most pundits guessing that a mysterious video suggest that it will release a phone with novel 3-D viewing capabilities. There are obvious reasons for Amazon to be eying the category. The mobile phone industry is massive, with close [...]

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Expertise: Business Model Innovation, Disruptive Innovation | Comments (0)

Friday, June 13, 2014

No Innovation Is Immediately Profitable

The meeting was going swimmingly.  The team had spent the past two months formulating what it thought was a high-potential disruptive idea. Now it was asking the business unit’s top brass to invest a relatively modest sum to begin to commercialize the concept. Team members had researched the market thoroughly. They had made a compelling [...]

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Expertise: Disruptive Innovation, Portfolio Management, Risk Management | Comments (0)

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About Innoblog

The INNOBLOG covers all aspects of innovation, from strategy to execution, in thought-provoking and insightful posts. Innoblog is a group forum to which many Innosight team members contribute. Outside contributions are welcome too. The blog is edited by Evan I. Schwartz, who also edits Strategy & Innovation.

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