A few months ago, I had the privilege of sitting down with Steve Blank, widely credited as the founder of the Lean Startup movement, for a fascinating podcast interview.
The quote above comes from a foreword he wrote for Lead and Disrupt, which is all about Ambidextrous Organisations.
A company needs to be able to exploit its current core business to make a profit.
However, it also needs to have the ability to explore new innovations which might only pay off in the future.
In this future though, they will form the foundation for the next version of the core business. In effect, they pay for your future pension.
So invest in your innovation pension continuously.
The following two tabs change content below.
Nick Skillicorn
Chief Editor, Founder & CEO at Improvides Innovation Consulting
Creativity & Innovation expert: I help individuals and companies build their creativity and innovation capabilities, so you can develop the next breakthrough idea which customers love. Chief Editor of Ideatovalue.com and Founder / CEO of Improvides Innovation Consulting. Coach / Speaker / Author / TEDx Speaker / Voted as one of the most influential innovation bloggers.
Latest posts by Nick Skillicorn (see all)
- Self-Serving bias: Why you think nothing is your fault - August 9, 2023
- We are all sheep - August 2, 2023
- Planning fallacy: Why we are so bad at predicting how long something will take - July 27, 2023
- Pygmalion effect: The self-fulfilling prophecy - July 24, 2023
Leave A Comment