The differences between executives and entrepreneurs are found in the executives’ causal reasoning versus the entrepreneurs’ ‘effectual’ reasoning.
Steve Jobs was instrumental in shaping and in some cases reshaping the PC, Telecom, Internet, Media, Entertainment and Retail Industries. He created the post-mini-computer era with the Apple PC. And more recently he was one of the first to create successful business models around digital convergence, i.e., the coming together of data, voice and video. In doing so, Apple is … Read More
As we have already said before, innovation takes place within communities. It is for this reason that, when we explore new territories looking for new markets, new ideas, new solutions… having a “lingua franca” of innovation in our community becomes fundamental. So, if we do not have it yet, we should start working in order to create it. And… what … Read More
Innovation is excessively personalized. We talk about that person or the other; about that company or the other. Maybe we should depersonalize and open the concept. New ideas fundamentally emerge from the inside of organizations, from open communities. The key of success is not only having well prepared people, but inspiring enthusiastic people, who is also committed and trained to … Read More
This article shares two strategies that are proving most effective for CEOs that aim to make their companies more innovative: developing a creative culture (people’s behaviors) and applying new processes and technologies.
The term “modembitious” comes from the hybridization of “modest” and “ambitious”. The authentic geniuses of business do not try to know everything. The most creative leaders do not only take advantage of the genius’ hidden power to attract new ideas, they take advantage of the collective genius in order to evaluate the ideas they attract. Not all the new ideas … Read More
Many times our beliefs restrict us. Sometimes, what we know puts limits to what we can know or imagine. Particularly, there are three self-deceptions that notably limit us in our day-to-day business activity:
There is a lot of mysticism around the fact that one should fail in order to innovate. And, many times, we read the same statement with the word “mistake”. Be careful! A failure is not a mistake. A mistake is a proof that there was negligence, lack of reflection, excessive speed or an assumption of a certain cause-effect during the … Read More
Some time ago we read in the Harvard Business Review’s blog a reference to Peter Dickson and Joseph Giglierano that called our attention because of its visual way of reflection and the analogy referred to the risk that everyone faces. And the perceptions and consequences that both of them produce too. Dickson and Giglierano state that executives and entrepreneurs face … Read More
“The elements that make up a truly innovative company are many: a focused innovation strategy, a winning overall business strategy, deep customer insight, great talent, and the right set of capabilities to achieve successful execution. More important than any of the individual elements, however, is the role played by corporate culture — the organization’s self-sustaining patterns of behaving, feeling, thinking, and … Read More