Want to Nail Pricing? Understand Market Dynamics First

Pricing is a game – one with asymmetric and imperfect information. So what does this mean for you? Basically, you’re very unlikely to nail pricing the first time. And even if you do come close, you’ll have to adjust as your product and market mature. While you’ll never get pricing 100% right the first time, there’s no reason you shouldn’t set yourself up for the best possible chance at success.

Why Hesitate? Innovate. Start, and Learn.

Innovation is not a linear, analytic process where a business case is built, investments made and products launched. Rather, it is a recursive, iterate framework for spending small increments of time and money to learn more and design a solution for a real problem.

Why Hesitate? Innovate. Start, and Learn.

Innovation is not a linear, analytic process where a business case is built, investments made and products launched. Rather, it is a recursive, iterate framework for spending small increments of time and money to learn more and design a solution for a real problem.

Peer Group “Scaling-Up”: Initial Survey Results

As published in a recent post, we have initiated a Peer Group of leading European companies which share our view that Best Practices with respect to scaling up validated concepts (successfully emerging from the “Fuzzy Front End”) to business impact need to be in place to sustainably increase overall corporate innovation performance. It has become obvious that Scaling-Up really seems to be

50 Quotes on Risk Taking

1. "Whatever you can do, or dream you can, begin it. Boldness has genius, power and magic in it." -- Goethe

2. "Security is mostly a superstition. Life is either a daring adventure or nothing." -- Helen Keller

3. "It's not because things are difficult that we dare not venture. It's because we dare not venture that they are difficult." -- Seneca

4. "Only those who will risk going too far can possibly find out how far it is possible to go." -- T.S. Eliot

5. "What you have to do and the way you have to do it is incredibly simple. Whether you are willing to do it is another matter." -- Peter Drucker

6. "I am always doing that which I cannot do, in order that I may learn how to do it." -- Pablo Picasso

Let’s Not “Yada Yada” Innovation

Most Seinfeld fans are familiar with the concept of “yada-yada-ing” sex, like when Elaine met a lawyer, went out to dinner, had the lobster bisque, went back to her place and yada, yada, yada… she never heard from him again. It’s funny, because we all know — or think we know — what the yada, ...

Understand What Lean Six Sigma Is Without Getting a Huge Headache

3051345.jpg

Ten years ago, my company was a vendor to a Fortune 100 company devoted to SixSigma. So devoted, in fact, that they required all of their vendors to take a two-day day Six Sigma training. While I never liked thinking of myself as a "vendor", I took the course. My experience of it? Like taking a geometry test while doing my taxes in a DMV office.

Yes, during those two days, I realized there were lots of useful tools to learn to make my business more effective. But I didn't learn them. Nor did I ever apply a single one of those tools on the job. The lunch buffet was memorable, but that was about it.

Fast forward to a few months ago. That's when I discovered a company who changed the way I thought about all this stuff. With a light touch, a deep understanding of how people learn, and a large dose of humanity, they have found a way to make the essence of SixSigma accessible, relatable, and enjoyable to learn. While they totally get that process is king, they also get that it is people who use processes and unless those people are actually learning process improvement methods in a memorable way, nothing much will change.

GoLeanSixSigma's online trainings draw on 25 years of success helping the world's leading organizations create happier customers and save millions of dollars. Click here if you are curious and want to kick their proverbial tires. For free. As in nada, zero, zippo, zilch.

Just for fun, here's the lyrics to a funny blues song I wrote about Six Sigma in an attempt to gain back my humanity after my first exposure to the SixSigma world.

The difference between Six Sigma and Lean Six Sigma

Innovation and Indigenous Wisdom

20746340_10154785590536629_1195866403391748427_o.jpg

Here's a wonderfully, innovative project happening in San Miguel de Allende, Mexico -- a groundbreaking event being planned for the coming summer that celebrates the indigenous wisdom of the Americas. Click here for the just launched GoFundMe campaign by the Founder of the project, Evelyne Pouget. During the next nine months, the Heart of Innovation will post periodic updates about this most inspired event, including excerpts of interviews with tribal elders, Concheros dancers, project coordinators, and children.

Idea Champions

by hellofuture llc