Fri.Dec 14, 2018

The Six Million Dollar innovation fallacy

RTI Innovation Advisors

A few days ago I wrote a blog post about the relevance of the Six Million Dollar man to innovation , noting that the show was based around rebuilding Steve Austin, making him better, stronger and faster. Many corporate innovation organizations need the Six Million Dollar man treatment. Every firm needs to be innovating more effectively, faster, with better outcomes and increasingly with more partners. Today I'd like to talk about the other side of the Six Million Dollar man innovation.

Is Lean Management doomed in the age of Innovation?


It has been 30 years since the term Lean Management – a long-term approach that seeks to achieve incremental process changes to improve efficiency and quality – was first coined. Some say that Lean Management has now become obsolete; others talk about a ‘post-Lean’ world and say it is fated to die.

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Interview #1: Creativity and The Art of REframing (Vlad Dumitrescu-Petric?)

Innovation Walk

Vlad Dumitrescu-Petric?, REframe co-founder and trainer Back in November 2018, Innovation Walk had the pleasure to interview Vlad Dumitrescu-Petric? , co-founder of REframe.

Idea Prioritization – How to Succeed?


When executing ideas, people often need to decide between doing more and doing things well. Because doing things well takes time, and resources are rarely infinite, not all ideas can be executed at once. Idea Management Idea Prioritization

Assessing and Fostering a Culture of Innovation

Speaker: Magnus Penker, CEO & Founder, Innovation360 Group

Welcome to an interactive empowering session on how to sharpen your future through innovation management, which can help guide your company’s goals. During this webinar, Magnus Penker, international thought leader and author, will dive into how to assess and foster culture and capabilities for innovation.

Design Makes a Difference: Nike and Doernbecher Collaborate to Help Kids

Innovation Excellence

It all started with my bar mitzvah. Part of becoming a Jewish adult is through acts of service for others, so I was searching for a charity where I could participate in something that was meaningful and donate some of my gift money to help an important cause. I had searched for an event or.

How Customer Experience Affects a Company’s Revenue


Customer experience is perhaps the single most valuable and emphasized component of business operations. Both B2B and B2C companies greatly value the concept of creating exceptional customer experience as the bottom line of achieving revenue growth. Organization & Culture

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More Trending

What Software Do You Use for Managing Ideas?

Innovation Leader

One member of the Innovation Leader community asked: “What software do you use for managing ideas — specifically, dealing with an idea backlog?” See the responses inside

Creating a Customer Behavior Data Research Strategy

Peer Insight

Sometimes our clients are used to making decisions based on large quantitative studies and wonder how we can possibly gain the confidence we need to make decisions in the early stages of a new venture without statistical significance.

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Top Retail Industry Trends to Watch For in 2019


Consumer demands and expectations have long dictated the changes that come to the retail landscape. To stay afloat and meet their increasing needs, the retail industry is constantly evolving and facing both new challenges as well as opportunities spurred by the emergence of new technologies.

2 Key Ways To Commit To Quality In Your Company

The Human Factor

Contributed post –. Do you want to see plenty of sales and a lot of interest from customers with your company ? If so, then there’s only one lesson you need to learn. You have to commit to quality.

11 Proven Ways to Turn Your Culture into a Culture of Innovation

Learn the 11 proven strategies that you can implement quickly to get every employee innovating and contributing to the growth of your company.

Pitch Your Best Idea

Beyond the Obvious

The next stage is to consider how these ideas might be implemented by your organization. Step one is to think about how to pitch your best idea. Look at the top ideas and say to yourself as the leader, “These are great ideas—how can we execute them?”

The Money Mindset: Where Can Your Business Start Saving Money?

The Human Factor

Contributed post –. Everything you do in business can be related back to money. In truth, appreciating this fact is one of the most significant steps of acquiring the entrepreneurial mindset. So, if your venture is guilty of overspending or wasting funds, rectifying these issues should be a priority.

How Crowdsourcing is Changing Every Facet of Society


With a population of over 7.5 billion, there is no force on this planet more powerful than the human race. When enough people ban together, anything can happen; there is no problem that cannot be solved, and no task that cannot be accomplished. Innovation Insights

End of the 5th World Open Innovation Conference

Open Innovation

After two days at the SFO Marriott, the 5th World Open Innovation Conference is now in the books. The experiment we started four years ago now is well established as a permanent fixture.

5 Product Traps - And Better Paths

Speaker: Johanna Rothman, Management Consultant, Rothman Consulting Group

Is your agile team overloaded with feature requests, with no time for discovery? Do your roadmaps read like impossible wish lists? Well, you’re not alone. It may seem impossible now, but what if we said that with a few changes, you could be meeting deadlines with the ability to predict progress with accuracy, be happy with your progress against the roadmap, and be making time for near-continuous discovery? Johanna Rothman has seen this all too often across many different organizations. She will take us through five common traps that agile product teams fall into – and likely you are in several of those traps right now. And good news - she has ways to avoid them!

The Data-Driven Leader: Why You Should Always Ask for the Data When Making Decisions

BPI Thought Leadership Commentary

How do you usually make decisions? Are you a shoot-from-the-hip kind of leader, who thinks best on their feet and tends to know the right decision to take intuitively? Alternatively, perhaps you’re someone who likes to consult with a team, develop a consensus, and move forward when everyone agrees. A third possibility is that you like to consider all the options in a meditative fashion, o

Falling in Love with Rosy Scenarios

Michael Roberto

Source: Flickr Optimism can be a powerful force in an organization. Certainly, leaders need to be optimistic if they wish for the firm to accomplish ambitious goals and objectives. We won't get anywhere if people are always saying, "We can't do that. It's not realistic. That won't work here." Having said that, leaders sometimes fall in love with rosy scenarios. They fail to question assumptions, and they don't look closely enough at worst-case scenarios.