10 Tips for Innovating Out Of The Box

Think “out of the box”…you’ll find you’re still inside a larger box! Learning to think outside of the box is critical to innovation and creating competitive advantage. Creative thinking requires learning how to get beyond the real and perceived limiting barriers. The expression “thinking out of the box” came from the nine dot puzzle by ...

Innovators, What is Your Strategy if the Market Crashes?

Obviously the stock market, and more importantly, the economy in general has a big impact on innovation.   But whether or not it makes sense from a long term vision, investment in innovation is often one of the first places to get hit when money gets tight.  We have all got somewhat used to a ...

Innovation and Strategy Need Opposite Types of Motivation

The proper motivation… For a long time it was accepted that incentives, and specifically financial incentives, would motivate any type of desired business behavior. In other words–everyone has a price. There are two main types of motivation: intrinsic and extrinsic. Intrinsic motivation comes from within the task itself, and directly by the value of the benefit from completing it. ...

Why Sickcare Innovation Centers Don’t Deliver

If you work for a big, established company, you’ve probably been noticing the sudden rise of a new trend: the innovation lab. Companies as diverse as Delta Air Lines, Target, Google, Pfizer, Marriott, Autodesk, Fidelity Investments, Ford, Verizon, and Stanley Black & Decker are jumping on the bandwagon. As discussed on this site recently, open innovation labs ...