Innovation articles
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 [...]
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 [...]
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 [...]
The Harvard Business Review's Podcast "HBR Ideacast" has recently started a series on four business ideas which changed the world. I already told you about their excellent episode on Disruptive Innovation. Today I want to highlight another great episode on a topic I learned a lot more about: Taylorism. What is Taylorism? In 1878, a [...]
Do you know what disruptive innovation is? No, I am not talking about every start-up trying to disrupt their industry. I am talking about the original theory of disruptive innovation, as outlined by Professor Clayton Christensen in his groundbreaking Harvard Business Review article in 1995. This was the theory which described how small upstart companies [...]
It is common to hear Start-ups talk about the desire to keep hierarchies "flat". This means they do not want multiple layers of management, bureaucracy and red tape getting in the way of people actually doing their most innovative work. Instead, in a flat organisation everyone is more or less on the same level and [...]
Just because you are female, young and enjoying life does not mean you cannot be a strong leader.And the recent controversy around Sanna Marin says a lot about the problems and biases still preventing women achieving equality.It all comes down to the most dangerous word: "should". In the past week, the Prime Minister of Finland, [...]
Since the pandemic began, many companies had to allow their people to work remotely for the first time. While it was not always a comfortable start with new technology and ways of working ["You are still on mute, Nick..."], many employees immediately saw the benefits of being able to work from home rather than being [...]
