February 28, 2019 | by Chris Kalaboukis

Using Product Development Metrics That Motivate at the Team Level

The two most common product development metrics are R&D spending as a percent of sales and revenues from new products over time. These metrics, although necessary to track, do not predict a result. There’s no linear relationship between R&D spending and new product success. For example, a company might allocate ten percent of its R&D …

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February 28, 2019 | by Chris Kalaboukis

There Are 3 Ways To Innovate, But Only One Can Win The Future

Very few businesses last. While we like to think we live in a particularly disruptive era, this has always been true. Entrepreneurs start businesses because they see opportunity and build skills, practices and processes to leverage it. Yet as the world…

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February 27, 2019 | by Chris Kalaboukis

Future of Innovation is Highlighted By These Two Amazingly Simple Products

All too often, we ignore the most obvious and valuable ideas because of this. If you’re a Shark Tank junkie, like I am, you’ve probably noticed that some of the best ideas the sharks invest in are pretty mundane and straight-forward. Take the for example the ridiculously popular Scrub Daddy sponge. To date it has …

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February 27, 2019 | by Chris Kalaboukis

A Lateral Idea – Turn the Shop Around

Consider for a moment the shopping experience for a housewife in the 1920s.  She would go from one small store to another – meat from the butcher’s, bread from the bakery, fish from the fish monger, cans and vegetables from the grocer’s, household items from the hardware store and so on.  At each shop she …

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February 26, 2019 | by Chris Kalaboukis

These Nine Powerful Technologies Are Now Ready for Rollout

Every technology goes through a Development Phase before entering its Application Phase. The tech-advancements below are all entering the Application Phase. They are ready to be used as innovation tools — and to be used to solve your company’s and your customers real world challenges. Innovators in large multinational organizations, as well as small and mid-sized …

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February 26, 2019 | by Chris Kalaboukis

What is Physician Entrepreneurship?

Victor Fuchs and Mark Cullen published an article in JAMA questioning the impact of health systems change on doctors and how the medical educational establishment should respond with curriculum reform that includes, among other things, health economics and population health. They further provide a short history of healthcare policy and structure and how it has evolved from …

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February 25, 2019 | by Chris Kalaboukis

Manufacturing Isn’t Dead, It’s Just Transforming Before Our Eyes

Large scale 3D printing farms will create the next industrial revolution When it comes to business and the economy, there’s constant buzz about Apple, Amazon, Google, and Facebook. There’s also been lots of attention lately on middle America and the loss of manufacturing jobs. At times these topics seem at odds – the new high-tech guard disrupting the old, jobs …

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February 25, 2019 | by Chris Kalaboukis

Four Things Nobody Ever Tells You About Innovation

Every enterprise needs to innovate. It doesn’t matter whether you are a profit-seeking business, a nonprofit organization or a government entity, the simple truth is that every business model fails eventually, because things change over time. We have to manage not for stability, but for disruption or face irrelevance. There is no shortage of advice …

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February 24, 2019 | by Chris Kalaboukis

Want To Manage Innovation? Let the Creators Create!

Innovative cross-functional teams in technology companies often depend on individuals with highly technical, specialized skills. They’re on the edge, extending their disciplines where they haven’t been before. Teams like this require upper management support that enables their success. It does not need micromanagement – or its opposite, chaotic management that is no better than neglect. …

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February 24, 2019 | by Chris Kalaboukis

Why Do We Continue to Tolerate This Type of Discrimination?

Tolerance and diversity are the hallmarks of a modern society, yet, most of us still do this. A short quiz may radically change the way you look at this type of discrimination. I have a shocking revelation, we don’t pick when we were born. I’d like you to stop and think about something for a …

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February 23, 2019 | by Chris Kalaboukis

Cooperation for Innovation

One of my Polish agricultural machinery clients was having a hard time. His budget for marketing had been halved, even though his sales targets were maintained at growth rate. I had a lengthy conversation with him about options in cooperation. The tric…

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February 22, 2019 | by Chris Kalaboukis

Don’t Make These Fundraising Mistakes

Raising money is hard, whether it be for a for profit or not for profit. You will need a plan and the right people to do it. For most entrepreneurs, it is a full time consideration. If you plan to raise money, here are some mistakes to avoid: Not havin…

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February 21, 2019 | by Chris Kalaboukis

35 Awesome Quotes from Einstein

Since 1986, every innovation workshop I’ve facilitated has included a poster of Albert Einstein.

Somehow, Einstein’s smiling countenance inspires everyone in the room — no matter what their social style, gender, or title.

The only thing I find m…

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February 21, 2019 | by Chris Kalaboukis

This Army Colonel Is Helping Large Enterprises Innovate Like Lean Startups

Since the turn of the century, the US Military has been continually disrupted. Traditionally it was designed to fight conventional wars against great adversaries. Yet since 9/11 it has found itself fighting networks of loosely connected small groups that are able to continually evolve their tactics. That’s a very different kind of battle. It’s a …

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February 20, 2019 | by Chris Kalaboukis

Creators on Creating

Inspiring quotes on creating by off-the-grid creators (and a voice over by Idea Champions Co-Founder, Mitch Ditkoff).

MitchDitkoff.com

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February 20, 2019 | by Chris Kalaboukis

The Leadership Gap in Innovation

A vast majority of executives, more than 80% according to sources, consider innovation to be paramount for the future success of their organization. Yet, very few of them are succeeding in it. A McKinsey study, for example, puts the number of executives who are satisfied with their innovation performance at 6%. There’s clearly a huge …

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February 20, 2019 | by Chris Kalaboukis

This Robot Video Will Show You Why It’s So Hard To Predict The Future

If the threat of AI and Robots frightens you then you’re probably leaving out some very important math. If you’ve been following the work of Boston Dynamics (currently owned by Softbank) you’ve probably seen some of their four legged and wheeled robots which are able to navigate all sorts of obstacles and remain standing after …

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February 20, 2019 | by Chris Kalaboukis

What’s Your Problem?

If you don’t have a problem, you’ve got a big problem. It’s important to know where a problem happens, but also when it happens. Solutions are 90% defining and the other half is solving. To solve a problem, you’ve got to understand things as they are. Before you start solving a new problem, solve the …

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February 19, 2019 | by Chris Kalaboukis

The Sick Care Entrepreneur’s Guide to 2019

Here were my entrepreneural goals for 2018 which, I suspect, won’t change much from year to year. The good news is I still make my bed every morning. If you are are a physician entrepreneur, 2019 will be another year of opportunity. In order to create user defined value through the discovery, development and deployment of innovation, …

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February 18, 2019 | by Chris Kalaboukis

Three Keys To Meeting The Challenge of Multi-Platform Product Development

Scenario: A technology company is creating a consumer electronics solution that involves hardware, software and web components. Three separate teams, located in different parts of the company’s facility, create three platforms. Each platform has its own development team, its own Program Manager and its own Project Manager. There are no clear and distinct processes for …

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February 18, 2019 | by Chris Kalaboukis

Here’s What You Really Need To Know About Blockchain

In 1970, a scientist at IBM Research named Edgar F. Codd make a remarkable discovery that would truly change the world. Though few realized it at the time, including at IBM, which neglected to commercialize it. It was called the relational model for the database and it would spawn an entire industry. Yet while today few have heard of …

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February 17, 2019 | by Chris Kalaboukis

Innovation as a Happy Accident

A little known fact about innovation is that many breakthroughs have not been the result of genius, but “happy accidents” — those surprise moments when an answer revealed itself for no particular reason.

The discovery of penicillin, for example, w…

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February 17, 2019 | by Chris Kalaboukis

Innovation Comes With Messiness. Here’s How to Manage It

Every bold innovation involves messiness. The Chief Product Officer at Adobe reveals how to use it to succeed. In my work advising and consulting to some of the world’s most innovative companies, I see the best of the best practices for managing innovation. I also get a behind-the-scenes view of what really goes on during the innovation process itself–and …

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February 17, 2019 | by Chris Kalaboukis

Why the One Thing You Fight Against the Most May Be the Secret to Your Success

You may not want to admit it but the key to finding the path to success lies in a path you haven’t yet found. “The future is there… looking back at us… trying to make sense of the fiction we will have become.” ― William Gibson When I started my first business I believed that …

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February 16, 2019 | by Chris Kalaboukis

Mine the Business Innovation Gaps: Seasonal Sharing for Scalability

I’ve been working with an agriculture machinery company over the years. This family run business designs and manufactures huge innovative machines that solve the current problems farmers face. Their industry is subject to the seasons, which means all farmers want new machines just before the harvest, so there’s a big peak of work in the …

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February 15, 2019 | by Chris Kalaboukis

How to Pick the Right Problem

The 12 steps to biomedical innovation starts with being a problem seeker, not a problem solver. Eventually, to be successful, customer problems and solutions need to meld around a VAST business model i.e. one that is not just profitable, but that demonstrates: 1. Validity Regardless or which elements of your model you choose, they have to be valid. In other …

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February 14, 2019 | by Chris Kalaboukis

It’s Time To Be Skeptical About The Lean Startup. Here’s Why:

In 1997 Clayton Christensen published The Innovator’s Dilemma and it sparked a revolution. It seemed that for years all anyone could talk about was disruptive innovation. That was until Henry Chesbrough published Open Innovation in 2003 and that got hot. Then Stanford launched its d.school and design thinking was where it was at. Yet go …

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February 14, 2019 | by Chris Kalaboukis

Companies Are Failing To Get Value From Innovation

Innovation is something that everyone says they want to do, but it seems increasingly clear that this desire is often rather superficial.  For instance, recently I wrote about a new study from Harvard Business School showing that innovation is rarely a top priority for executives.  Indeed, just 30% placed it in their top 3 issues …

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February 13, 2019 | by Chris Kalaboukis

This 8-Minute President Obama Video Gives a Whole New Meaning to Fake News

Few things will surprise and shock us as much as the ability of A.I. to alter reality–really! What separates the “real” from the “virtual” is obvious, right? Think again. The applications of AI are infinitely greater in number and in impact than anything we could possibly begin to imagine, and they are accelerating at a …

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February 13, 2019 | by Chris Kalaboukis

Which Rock Band is the Model for your Innovative Startup?

It has been said many times that founding a startup is similar to launching a rock band.  For example: You gather a small, talented team with different skills but a common passion. You practise for long hours to improve your product. You create a demo tape or prototype product to show people. You network like …

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