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These companies failed because leaders did not want to hear bad news: The Ostrich Effect

Idea to Value

Have you ever worked for a manager or boss who did not want to hear bad news? I once had a manager who I was working with on a money-raising program. However, my manager instructed me to continue showing predictions that it was perfectly possible that we would meet the targets, something I argued with him about often.

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A Look Back at the Innovation Management Awards

IdeaScale

The Innovation Management Awards are in their fifth year and we thought it would be good chance to look back at all the past winners as we prepare to receive submissions from around the world in this year’s competition. We’ve honored a variety of organizations and companies in the past and we hope that we have just as much to learn this year.

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Sorting through our Innovation Management Tools

Paul Hobcraft

We all are caught up in handling and understanding different management tools. There are management tools that have become ‘enshrined’ in organizations and many of the executives become settled on the ones they have bothered to learn or seemingly do the job. Tracking the trends on Management Tools.

Tools 100
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BD Named 2015 Outstanding Corporate Innovator Winner by Product Development and Management Association

Innovation in Practice

The Product Development and Management Association (PDMA), the premier global advocate for product development and management professionals, announced today that it has awarded the 2015 Outstanding Corporate Innovator (OCI) Award to BD (Becton, Dickinson and Company) (NYSE: BDX). 7-11 in Anaheim, Calif.

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Business Model Innovation Basics Series - Part 1: What is a Business Model?

The BMI Lab Blog

However, very few managers are able to explain their company’s business model ad-hoc, and even fewer can define what a business model actually is in general. The number of companies, which have established dedicated business model innovation units and processes is even lower. Magretta 2002).

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And the Oscar goes to…Prediction Markets – Harnessing Collective Intelligence to Anticipate Success

Qmarkets

Once again the power of Prediction Markets was displayed last week, as it correctly predicted 19 out of the 24 winners at the 2015 Oscar awards; an accuracy level of 79%. Prediction Markets are speculative markets that are created with the purpose of making predictions. Anticipating Potential.

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5 Leadership Lessons from 2015’s Business Headlines

Adam Hartung

2015 was not short on bad decisions, nor bad outcomes. But there are 5 major leadership themes from 2015 that can help companies be better in 2016: 1 – Cost cutting, restructurings and stock buybacks do not increase company value – Dow/DuPont. Yet, sales per store remained weak even as the denominator grew smaller.