article thumbnail

Bitcoin and Blockchain: A Small Glimpse Into Big Digital Disruptions

Daniel Burrus

This sent the banking industry into a tailspin, desperately trying to understand this new concept of a digital currency system, and areas of the government even began to prepare a way to legislate this unfamiliar system. The fact of the matter is that many people did not fully understand the mechanics behind Bitcoin.

article thumbnail

Opportunity cost

Idea to Value

Invest in ideas which are too similar to the existing business, and not enough in exploring more disruptive and transformational ideas. And the best way to achieve this is to put in place an innovation management and governance framework which allows fast, low risk validation of ideas. If you would like to find out how L.I.V.E.

LEAN 225
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Using Lean Innovation to Transform the Way the City of Hayward Solves Problems

Moves the Needle

Before and After Lean Innovation: Overview The City of Hayward, California wanted to break away from inefficient and ineffective processes for researching and launching programs, and remove organizational bottlenecks that stood in the way of serving citizens. Download this case study to show to your colleagues, board of directors, or boss.

LEAN 99
article thumbnail

Open Strategy: Mastering Disruption From Outside The C-Suite

Innov8rs

Innov8rs | Making strategy behind closed doors is a prescription for failure when disruptions are coming from all directions. Those who lean towards a Miles Davis mindset are more likely to adopt an open approach to innovation. It approaches disruption as a threat and aims to provide a solution to handle this threat.

article thumbnail

Using Lean Innovation in the Product Development and Commercialization Process

Moves the Needle

Lean Innovation doesn’t begin and end with product development. The journey, by and large, is slow, linear, does not allow for change, and is governed by scheduling resources, versus based upon customer need or value creation. The most mature organizations deploy integrated lean innovation practices across the product lifecycle.

article thumbnail

Lean Innovation Management – Making Corporate Innovation Work

Steve Blank

government to help them innovate faster– not just kind of fast, but 10x the number of initiatives in 1/5 the time. —– Lean Innovation Management. Companies or Government agencies pursuing innovation can Buy, Build, Partner or use Open Innovation. The Lean Definition of the Three Horizons of Innovation.

LEAN 49
article thumbnail

Leveraging Venture Building for Long-Term Returns

Innov8rs

The dilemma is further exacerbated by corporate governance systems designed for operational excellence rather than innovation. The pressure for immediate financial performance is at odds with the long-term investment required for disruptive ventures, which may not contribute substantially to top or bottom line for years.

Agile 40