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In Fortune Small Business magazine this month, the cover story features innovation in small business, and how to achieve it. And for those who think that innovation takes a large R & D budget, there are some eye-opening statistics: • Small business...
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What drives people to innovate? Why do some people keep innovating and others are content to leave everything the way it is, thank you very much? In Gallup’s Strength Finding system, there’s a whole category devoted to people who like to learn things...
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One of the principal tenets of innovation is that diverse groups have better ideas. And the opposite holds true: like-minded people have come up with such great ideas as the Edsel, thalidomide, launching the Challenger, the German invasion of the Soviet...
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Jack Ma, CEO of Alibaba.com, runs one of the most successful business-to-business marketplaces in the world. He’s profiled under "Builders and Titans" in Time magazine’s 100 most influential people. His keys to success? “We had no money. We...
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That’s right, according to the New York Times Science section, when sparrows have to figure out novel ways to reach their food, bigger groups do it eleven times faster than smaller ones. And they open four times as many containers per capita. The researchers...
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For hard-driving business people, it's hard to imagine, but the best way to solve those knotty problems may just be to forget about it and get a good night’s sleep. According to research cited in Scientific American Mind this month, your brain keeps...
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The above titled article in today’s Wall Street Journal was prompted by Dow’s announcement that is purchasing Rohm & Hass for a 74% premium over yesterday’s closing price. This brings me back to my last blog post on business transformation. In it...
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A recent article in Forbes titled “Transform Your Company For Growth” by Scott D. Anthony and Kevin Bolen of Innosight does a great job in describing the potential as well as the challenges in creating sweeping changes to an enterprise. Most corporate...
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Last month the Wall Street Journal ran an article titled “Campbell’s Chief Looks for Splash of Innovation”. The article was an interview with Douglas Conant, CEO of Campbell Soup Co. in which he discussed Campbell’s recent successes in innovation (e.g...
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Over the last few years, functional MRI testing has given researchers the ability to see inside the brain in real time. Now, according to this month’s Scientific American Mind, researchers at the National Institutes of Health have used jazz pianists to...
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“The customer is the company. Threadless churns out dozens of new items a month – with no advertising, no professional designers, no sales force, and no retail distribution. And it has never produced a flop.” The above title and quote is from the current...
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So, where does business innovation come from? (I’m not proposing the question of “who” within an organization; rather the business enablers that are the likely sources of innovation.) One model that I found useful in my thinking about how firms create...
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