The recent news that Apple is looking at a $3.2B acquisition of the DRE music business – much larger than it’s usual pattern – brings up an interesting question: What happens when a company moves from smaller deals that are easily digested into core business and product operations, to larger and more highly valued entities? […]
Innovation Decision Making – Preparing to Be Wrong
This is the fifth post in a series on innovation decision making built around the WRAP process from Chip and Dan Heath’s book Decisive. The WRAP acronym allows you to remember their four decision anchors – Widen your options, Reality test your assumptions, Attain distance before deciding and Prepare to be wrong. If you need […]
Innovative Decision Making – Avoiding the Blind Side
I have been taking my readers through a series of posts on innovation decision making built around the WRAP process from Chip and Dan Heath’s book Decisive. The WRAP acronym allows you to remember their four decision anchors – Widen your options, Reality test your assumptions, Attain distance before deciding and Prepare to be wrong. […]
What is Your Cost of Experimentation?
I have been taking my readers through a series of posts on innovation decision making built around the WRAP process from Chip and Dan Heath’s book Decisive. The WRAP acronym allows you to remember their four decision anchors – Widen your options, Reality Test Your Assumptions, Attain distance before deciding and Prepare to be wrong. […]
Reality Testing Your R&D Assumptions: Walking Outside with Your Pajamas On
The set of decisions that take place over which programs and projects to pursue is the highest leverage point for the senior team of any organization. In this series, we explore the intersection between the latest work on making high-quality decisions and establishing innovation portfolios. This is the second post (if you’d like to start […]
Getting on the Right Track: Innovation Decision Making
The decision gate leading to advanced development – where new concepts are fully vetted and prepared for release and commercialization – is the most critical control point for innovation in any organization. In small firms, this can be the time between when the founder has an idea to when he asks his team to “make […]
The Usefulness of Compartments: 3 Ways the Safety of a Cruise Ship Can Improve Innovation
Needing to break out of the long winter here in the Midwest, I took a cruise last week into the western Caribbean. One of the simple pleasures of cruising is figuring out the physical layout of the ship, particularly the vertical and horizontal passageways that lead to all manners of entertainment, food and sunshine. Those […]
When Senior Leaders Get Stuck and Innovation Stalls: How This Sets the Stage for Peer Leadership From the Middle
I was having a great conversation with a well-connected senior executive coach who works with Fortune 50 firms on the West Coast, and the conversation turned to the faltering innovation that quickly follows when the senior team leaders cannot agree. There is nothing that freezes a team like senior leaders at odds over strategy and […]
Going Deeper: How Using Great Tools in a New Way Can Lead to Great Progress
When I was a younger man, I had a long string of back problems that resulted in repeated episodes of injury, muscle relaxants and rest in an effort to live a normal life. It was only a relatively short time ago that I finally saw an orthopedic doctor and a physical therapist who found I […]
3 Questions That Innovation Leaders Need to Ask Themselves When Reading Trend Forecasts
It’s that time of year, with article after article citing the trends that will matter most in 2014. Do a quick Google search and you’ll see what I mean — right now there are over 1.5M total hits for the term “2014 trends” alone: About 1,540,000 results (0.30 seconds) As an innovation leader or sponsoring […]