“Why bother?” It’s a common question thrown at me by entrepreneurs, venture capitalists, or the more cynically minded corporate leaders. That is, why bother trying to innovate if no matter what they do, large companies can no longer maintain a sustainable advantage and their life spans are just getting shorter and shorter? Isn’t it better […]… Read More
“It is simple math,” the strategist said in a tone that sounded suspiciously similar to how I explain things to my six-year-old daughter. “Decreasing churn by a percent — a single percent! — creates tens of millions of dollars of value. A point of market share creates five times that amount. Our growth investments are […]… Read More
One of the first, and most lasting, pieces of career advice I received came from Linda Bush, my first project manager when I was a wee pup working at McKinsey & Company. “Ask a lot of questions,” Linda advised me. “You might think you are being annoying, but it’s the only way you learn. And […]… Read More
In 1960, marketing legend Ted Levitt provided perhaps his seminal contribution to the Harvard Business Review: “Marketing Myopia.” The article castigated companies for losing sight of the essence of their business, setting themselves up for challenges from competitors and, ultimately, for obsolescence. To avoid that, Levitt exhorted leaders to ask themselves the seemingly obvious question […]… Read More
In this MIT Sloan Management Review piece, Innosight authors discuss the importance of how ideas link to action.… Read More
Most large corporations will admit to struggling with innovation. But in reality most companies, particularly those that manage to last for any reasonable period of time, do day-to-day innovation extremely well. After all, your laptop (if you still use one) is much more reliable than it was a decade ago. Your television picture quality is […]… Read More
“Dual transformation” is a more practical, timely, and sustainable approach. Through two distinct transformation efforts, an enterprise can rebuild its core while reinventing its business model and launching a disruptive new business.… Read More
By instituting a system for reliable, repeatable innovation, the Hospital for Sick Children is leading the way in innovation that saves money and lives.… Read More
Close to 200 people joined our Webinar last week discussing how companies can use the concepts described in Building a Growth Factory to improve their innovation success rate. We couldn’t answer all of the audience’s questions due to time constraints, so we thought we would use Innosight’s blog to address six themes that appeared most […]… Read More
When Karl Ronn recently said, “Companies that think they have an innovation problem don’t have an innovation problem. They have a leadership problem,” I listened carefully. I featured Ronn, a former P&G executive (and current executive coach and entrepreneur), in several places in The Little Black Book of Innovation, most notably for his rant against […]… Read More