Innovation Best Practices

This podcast is drawn from a Forbes related article pointing out the urgent need for innovation. As I have mentioned in previous podcast, research demonstrates that the level of innovation during the pandemic across industries has dropped significantly with the notable exception of Pharmaceuticals with vaccine work. We are now faced with multiple planet challenges that previously included things like climate change and sustainability and we've now added pandemics. Now is a time for worldwide innovation collaboration. Contact: [email protected]

Change is happening so fast and so dramatically in the retail and ecommerce worlds, that I wanted to share this stimulus with you about the direction and nature of these changes. Clearly understanding customer needs and frustrations is a great beginning point for innovating solutions an entirely new concepts enabling you to win at the point of purchase. Contact: [email protected]

I am sure that when you read the title of this podcast, you thought I probably made a big mistake. Nope. This is an extraordinary breakthrough that has major implications for every form of energy use ranging from traditional batteries to cell phone batteries to electric car batteries and to major commercial applications. They already have proof of concept and are moving into production with timelines for products being in the marketplace ranging from two to five years. Contact: [email protected]

This will very probably become a classic episode. Yes, it's about the mindsets necessary to solve problems, but it's also how you use exactly the same set of skills and abilities to develop breakthrough innovative solutions to problems and optimize opportunities. It has suggestions and deep insights into methods like curiosity and embracing imperfection and much more. Everyone who is looking at this can benefit from this podcast.  Contact: [email protected]

In the early stages of the pandemic, companies learned that they needed to change far faster than they ever have thought possible in the past. This has provided some very valuable lessons about how much greater speed can benefit every major part of the organization. Having said that speed is good, achieving it is not that easy. This shares research results on what companies are doing to achieve greater speed ongoing. The data is very clear that the companies who are fastest are almost always the most successful.  Contact: [email protected]

You are probably aware of many areas of our life that have changed as a result of the pandemic. McKinsey published some very helpful research about the specifics of how the world has changed in eight areas of our life. You may be amazed at the magnitude of change. I think you will be shocked by their estimate of how long it is going to take to fully recover from this pandemic.  Contact: [email protected]

Highly respected McKinsey issues a warning two innovators during the current pandemic. It is great advice about what we can do and should do as innovators. This is a period of time we're the best innovators can create new sustainable competitive advantages in this period of major change in consumer habits and practices.  Contact: [email protected]

In this powerful and insightful research done by McKinsey, we learn that 90% of executives believe their business will fundamentally change in the next few years because of the current pandemic. Unfortunately, we also learn that during the pandemic the importance of innovation has dropped dramatically. The evidence clearly shows that those companies that are successful in innovating during a crisis reap major financial benefits in the post crisis years. Contact: [email protected]

Israel combines the power and urgency of necessity based on where they are located with a government that supports and nourishes innovation. Learn the details of how they are known as the Start Up Nation. Contact: [email protected]

Historically the healthcare system has had innovation but most innovations took years to develop. During this crisis the pace of innovations has needed to rapidly accelerate. This shares a doctor's innovation frustrations and hopes. Contact: [email protected]