Segment 1: Fighting Innovation FUD (Fear, Uncertainty & Doubt) The basis for FUD? Fear of Change Fear in the skill set Fear based on negative memories Uncertainty based on the unknown nature of innovations Doubt based on inability to see a path to success Doubt based on memories of past failures What can you do? […]
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Segment 1: Prioritizing Your Ideas – Rank your ideas by scoring them against the 5 Key Question – Assign an estiamte of when the idea will become a product 3 timeline buckets (example: 1-2 yrs, 3-5 yrs, +5 yrs) If on the border, round up! – Rank order the ideas based on their score (first […]
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Segment 1: Seeing The Big Picture To Innovate Key Skills: Boundry Crosser: Success will come to people with a very wide and multi-disciplinary backgrounds Metaphor Maker: Using methaphors to capture the connections/similarities and therefore the vision Pattern Watcher: The abilty to pick out meaningful trends from the flood of information Segment 2: Killer […]
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Segment 1: Innovation Failure What are the reasons that innovation efforts fail? Innovation for awards and recognition Meaningless innovation Non-user driven innovation Innovation as long as its green Innovation by committee Lightspeed innovation Copycat innovations Segment 2: Killer Question Of The Week What part of your service offering is under appreciated? Why? What part of your […]
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Segment 1: Career advice for the creative/innovation economy Find mentors: Look for different mentor/apprenticeships over your career to gain different skills/perspecive. Find and feed your passion: With passion, your sucess is all but gaurenteed Change jobs/change industries: Don’t get stuck in the same role. Change roles and expand your experience and perspective. Constant Learning: Learn […]
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Managing The Innovation Funnel The amateur innovator is a “one hit wonder”. The professional innovator is able to create a stream of killer products. One key is to properly manage the innovation funnel (innovation pipeline) to ensure that you have a stream of ideas leading to products. What should be the flow through the funnel? […]
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Segment 1: Measuring Innovation Impact R&D Spend % across the innovation portfolio (core products, adjacent and new) Core = average gross margin Adjacent = some improvement in gross margin (20 – 25%) New = significant improvement in gross margin (>50%) R&D spend between ‘people’ and ‘programs’ R&D Resources What is the % of individual contributors […]
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Segment 1: Trend Safari – How do I discover emerging trends? Why? – Find trends before my competitors so that I have a distinct advantage – Align resources to be first to market with a solution that addresses/supports the trend Lessons Learned – Not just watching – Going to places where I normally don’t […]
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Segment 1: Improv Innovation Improv comedy is one of the best examples of real-time creativity Improv Tools & Tricks for yourself Writing Describe an emotion in two minutes without using the word From a random word, write an entire story in 5 minutes Start with the first four word of a random sentence and […]
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