Posts in Innovation
Richest Source of Innovative Ideas is Under Your Nose

Ideas are the currency of the 21st century and companies are increasingly in competition with each other to generate innovative ideas better and faster. In a world where game-changing innovations seem to come out from silicon valley every other week however, how can the rest of us hope to keep up?

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Four C's of Innovation

Over the past decade, I've been fortunate enough to be given a multitude of opportunities to challenge an organisation to become an innovative company. Not all have gone according to plan, but throughout the years my models have refined with increased success. Resulting in multiple ventures that exceeded the magic 100 million dollar value benchmark.

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The Power of Rapid Experimentation

Ideas don't require resources, and everybody has ideas. What makes an idea valuable is the method or execution of that idea by a team. The key is finding a niche of early adopter segment to work with on a product or service's co-creation. This ensures strong product market fit. The  challenge with corporates is they tend to over invest in the investigation phase of an idea. They spending months researching, modelling and deciding, before floating the idea with the market.

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Dinosaurs Chasing Unicorns

Traditionally, big businesses compete with each other in an effort to secure greater market share. Their modus operandi? Making sustained improvements to their products and services. In the past, the ones who did this better, inevitably were more successful. This model for competition is however, becoming more irrelevant and inadequate to ward off a new type of rival to big businesses: the new generation startup.

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Passionate Problem Solving

The best entrepreneurs and innovators have a deep passion for what they are doing. Whether it's ending world hunger, or enabling faster payments, the individual behind it jumps out of bed each morning eager to get to work. I continually talk about the importance and power of finding problem fit. Separate from the tech or 'how' a problem is solved, a deep passion for solving a problem enables the founder to explore broader possibilities. What differentiates people is where their passion lies.

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Giving Employees Purpose to Drive Innovation

We have discussed before how helpful maintaining a culture of innovation in the office is. But how else can you squeeze out more brilliant ideas from your employees? A part of what I’ve previously discussed, we should give our employees the breathing space, the play time, the freedom to what they want and focus on, and the projects they’re most interested about.

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