One of the most critical challenges facing growth-seeking executives in large companies is deciding what constraints they should be placing on their organizations’ innovation efforts. Unconstrained efforts of the “let 1,000 flowers bloom” variety feel good, but often lead to diffused progress. On the other hand, incorrectly constrained innovation efforts carry well-documented risks. Companies that set the wrong […]… 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
This summer’s movie season kicked off with a dramatic prediction from Steven Spielberg, who lambasted Hollywood for its over-reliance on its “tentpole” business model supported by superheroes, gunfights, and special effects: “There’s going to be an implosion where three or four or maybe a half-dozen mega budget movies are going to go crashing into the […]… Read More
Innosight’s Tim Gustafson and Dan Fink talk the big data hype and how can you overcome the hype and complexity to craft a growth strategy focused on the right data opportunities.… Read More
Rita Gunther McGrath argues that companies need to shift their strategy from long-term to transient edges in the marketplace.… Read More
Last Wednesday we held a Webinar on corporate transformation. It drew on the Harvard Business Review article “Two Routes to Resilience” (in which Gilbert detailed his first-hand experience driving transformation as CEO of Deseret News) and Innosight’s field experience guiding corporate clients around transformation. The Webinar had three main messages: Transformation involves two components, not… Read More
Sooner or later, most companies will need to transform themselves in response to disruptive market shifts. It may not be today or tomorrow — but it will happen. Are you ready? Is your enterprise-ready?… Read More
Is it better for a start-up to purse profitability initially, or go for growth? Advocates of that second, get-big-fast approach inevitably point to companies like Tumblr (the company founded by a high school dropout that Yahoo! just acquired for $1.1 billion before it had even $20 million in revenues) or YouTube (which was sold 19 […]… Read More
More than 50 years ago, U.S. President John F. Kennedy captured the world’s imagination when he said, “This nation should commit itself to achieving the goal, before the decade is out, of landing a man on the moon and returning him safely to the Earth.” And thus, the term moonshot entered the lexicon as shorthand […]… Read More
I love Lean. In my eyes, the work Steve Blank, Eric Ries, and others have done to provide a cogent, accessible frame around the academic concepts of emergent strategy is one of the most important contributions to the innovation movement over the past few years. I have repeatedly stated that the next wave of innovation […]… Read More