You may have seen news of people talking about the new artificial intelligence chatbot from OpenAI, called ChatGPT. Put simply, this is a way you can ask questions to OpenAI's huge artificial intelligence in a natural, chat-like manner. So for example, you can ask it questions in natural text, and instead of just linking to [...]
When faced with a significantly challenging innovation project, is it worth doing the easy tasks first to get some quick wins on the board, or should you tackle the hardest part of the project? I have been listening to some podcasts with Annie Duke recently, who has a great new book out about when it [...]
How much of your innovation budget and innovation efforts should focus on improving your existing business, and how much should seek to explore and transform your business for the future? This is one of the fundamental strategic questions which every business leader needs to consider. One of the best ways to assess what proportions your [...]
While the massive layoffs at meta are terrible, it sadly shows one of the major issues that companies struggle with when they try to grow and innovate too quickly ... facebook tried a huge number of innovation projects which failed. But this was not the problem. As I read in a wonderful WIRED article: Remember [...]
We often think that giving people more choices is better than having fewer choices. After all, wouldn't we all want to have the option of getting something perfectly suited to our desires, than having to settle for what is available on the shelf? However, research has shown that if you want people to make a [...]
Some things just take time. Traditionally, one of the best ways to speed up the delivery of a project is to allocate more resources to it. After all, if one construction worker can lay 1,000 bricks in one day (note, this is just a guess...), then a hundred construction workers could lay up to 100,000 [...]
This new management method makes it nearly impossible for innovation teams to fail at delivering multiple challenging innovation projects faster, with less risk and lower required budgets. Most innovation experts often say that traditional management processes are not the way to run innovation projects. And this is true. Traditional project management and financial management processes [...]
"Art is never finished, only abandoned." A few weeks ago, I came across a fantastic quote on creativity in an interview Todd Henry's podcast and Joey Cofone. They were talking about when to know whether something you are working on is "finished" and ready to be released, and Joey came out with this [...]
Every choice you make comes with trade-offs. This is especially true when it comes to strategic decisions around innovation. If you choose to spend your time, focus, effort and money developing one idea or innovation, it means you cannot spend those same resources on other ideas. Therefore, you must give up the opportunity to do [...]
As companies grow, it is inevitable that more hierarchies will be created. This is because after a certain size, it is essentially impossible to keep track of the relationships between everyone and what everyone is working on. Contrary to popular belief, hierarchy is not always a negative. In fact, as Start-ups grow, they will eventually [...]
