GE realized that in the Innovation Economy, where information devices are essential to the success of any business, connectivity between its people wouldn’t be enough. It also saw that its customers were leaving and going to non-traditional competitors. Innovation for the company became more than...
Three Ingredients of Success The three ingredients of success are hyperconnectivity, game mechanics, and socialization. All three work in concert with another, flowing seamlessly between each other. Hyperconnectivity Over the next several decades, connectivity will accelerate to nearly unforeseeable levels. There has been a dramatic jump in...
It used to be that incremental innovation was enough to compete in a mildly competitive marketplace with long product life cycles. Today, product cycles have been expedited. Innovation comes fast and hard and often. You may be wondering what the big deal with innovation is...
Frankly put, your company doesn’t innovate because your workplace culture sucks. As a management consultant working with some of the best and worst companies in the world, I have discovered that the very system of community that holds a company together is left forgotten. The...
Innovation is as much a philosophy as it is a science. Look from the philosophical perspective and you come to a fork in the road, what some refer to as a strategic inflection point. You can continue to use the leadership and management methods of...
CRM or Customer Relationship Management Systems How would you like to take your kids to a playground where there’s a gigantic sign that says: “No Running?” How would you like to take your kids to a playground that has a big antique railroad caboose that says:...
One of my favorite Innovation Superstars is HP, and in particular, I’m impressed with the “HP Garage”. I’ll never forget my first “dot.com” consulting engagement at the very beginning of the dot.com boom. The first day of that engagement I sat in on one of their...
"Nothing bad ever happens to you." Do I stand by this quote? Yes. When it comes to business, there's a serious power that comes with taking this statement to heart. The quote is borrowed from renowned speaker Joe Vitale. In his research, he discovered that business...
The process of natural business and technological evolution and destruction was appropriately labeled “creative destruction” by economist Joseph Schumpeter. The forces of creative destruction, especially during economic downturns, tend to speed the passing of older, less efficient businesses and technologies (especially without the intervention of...
I would like to tell you more about how I used the RealOpen TM innovation management system in my own business. In addition to being a management consultant working for some of the best corporations and universities in the world, I also own several businesses....
