Business Leadership
Most companies think they have a clear strategy. However, what they think is a strategy is usually nothing more than a set of goals. A real strategy requires clarity on not only what you want to achieve, but how you will choose to focus on achieving this, as well as what you choose not to [...]
I believe that Psychological Safety is one of the most important capabilities a team can have to achieve high innovation performance. Check out the amazing podcast episode with the originator of the concept, Prof Amy Edmondson. To describe it simply: Psychological Safety is a climate where people believe it is possible, expected and valued, that [...]
Sometimes, innovation can have unintended, negative consequences. Even if what you aimed to improve was a total success by the criteria you measured. This is the danger of judging success only by a narrow set of specific criteria, and ignoring other changes which you did not anticipate. Let me give you an example. A few [...]
As we all know, innovating and creating something new is usually seen, for good reason, as an important, yet highly risky endeavor. As such, innovation leaders are constantly under a lot of pressure from many different directions. Now, when we talk about innovation, we often focus on the more practical side of things related to [...]
Many innovators and strategists are obsessed with predicting how the world will change in the future. They then try to develop new products and business models to fit this new world. But often, it can be even more valuable to figure out what will not change in the future. At an AWS discussion in 2012, Amazon [...]
You might remember David Burkus and Todd Henry as two recent guests on the Idea to Value podcast. Well David has a new book out, and was on Todd's Accidental Creative podcast to talk about some of the main themes. That book is Leading from Anywhere: The Essential Guide to Managing Remote Teams, and is [...]
The phrase Hindsight is 20/20 usually refers to the fact that it is usually easier to analyse and evaluate events after they have already happened, rather than when you're in the middle of them. There is also a very interesting cognitive bias known as the Hindsight Bias, which is the tendency for people to perceive [...]
When we think of a business having a competitive advantage, we still tend to think of traditional economic moats such as a low-cost structure, economies of scale, or perhaps a more intangible moat like a strong brand. While all of these are still extremely desirable assets, they no longer guarantee a sustainable competitive advantage for most companies. [...]
