Water is the new key to security I just had the privilege of attending and leading a panel at the 10th annual Global Water Leaders Summit held in Milwaukee on May 23 & 24th. This year’s big idea, “A Secure Future Needs Water,” brought together thought leaders at the heart of water security strategy. This […]
Archive | Innovation
Business Unit Leaders: How are you Doing at Breaking Out of the Box?
As usual the real learning was in the application. I was in Denver a couple of weeks ago with a group of colleagues for some strategic development and planning. As part of our work, one of the team members set up some offsite time at a popular “escape room.” In case you haven’t heard, these […]
The Trouble With Moonshots for Existing Enterprises
It was a quest of nearly mythic proportions, and I had a front-row seat to the action: allow anyone – anywhere – to make a satellite-based phone call. The program was dubbed Iridium (named for the 77th element when initial calculations showed the need for 77 satellites). It was conceived of in the 1990’s and […]
Avoiding the Siren Song – Making it Good Before You Make it Big
I recall it clearly: the pressure to get that first “deal”…as well as the relentless pressure to fill “the funnel” even though we were in a very early stage incubator within a large firm where our revenue wouldn’t have paid for the yard care. That memory came flooding back last week at a professional society […]
Innovation Sponsors: Leave This Seat at the Innovation Table Empty and it Will Come Back to Haunt You
If you are on the board, a member of the C-Suite or a P&L accountable leader in a larger firm, there is a common blind spot when launching innovation initiatives. I was reminded of this during a phone call with a colleague whom I did several large-scale breakout programs with while in an op’s role […]
The New Role of Corporate Development: Going from Powerful Ideas to Pragmatic Implementation
True story from my ops background: When I was running through emails one morning, I found one that stopped me in my tracks. The VP of a recently acquired product line had sent an incendiary note to the CFO and copied dozens of people internally, using coarse language to declare the integration systems team completely […]
Want to Accelerate Innovation? Find Your CMO
I can’t tell you the number of times I’m asked to facilitate a session to accelerate a project and this happens: all the introductions are complete, and while it’s very clear that all the “backstage” players are present (R&D, Development, Corporate Development), the essential front of house team members who connect that value to the […]
For a Powerful Innovation Program, Be Sure to Open Up Your Lens
I was speaking for a group of senior executives last week and a great question came up: “What is the most destructive thing you see when working with new innovation teams in existing firms?” As my mind flashed through dozens of projects and larger programs, there was one thing that came up over and over […]
The Fascinating Thing About Continuous Improvement Goals? They are a Path to Strategic Change
I was giving a talk recently and the topic of cycle time reduction came up. It’s a historical fact that after Six Sigma, Motorola took on a very aggressive corporate program to reduce product development cycle time. We used a methodology that set a targeted reduction over a six-year time interval. To set the bar […]
Why do Powerful Executive Teams Shoot Down Promising Innovation Projects?
Why is it that you can have a fantastic offsite session, and then 48 hours later, put the same people in a room and nothing that was proposed survives? Perhaps something similar has happened to you: You’ve just completed a very productive offsite creative session with the senior team and are feeling good. Pages of […]