Innovation Best Practices

How people shop is changing even more dramatically than you ever thought it could. These major changes create opportunities for using innovation to create new competitive advantages. Believe me, there will be winners and losers in this transformation. The winners will be those who smartly use innovation to capitalize on these new trends and opportunities. Contact: [email protected]

Unfortunately, the vast majority of the innovators have never been trained in innovation best practices. Almost no colleges offer an innovation degree and almost no companies offer internal training programs on innovation best practices. This podcast details 38 most proven innovation best practices–best practices proven to be able to consistently double innovation success in any business. Contact: [email protected]

In previous podcasts, I have talked about the many ways that you can create multiple innovations that add up to being dramatically better than your competition. This addresses one of the most powerful forms of innovation capable of helping you create major benefit advantages versus your competition. There is some good news and good help in this podcast.

The most successful innovators know that to be consistently successful requires them knowing more than they know today. Put simply, they need to ask a lot of questions. Even more specifically, they need to ask the kinds of questions that can consistently deliver high quality answers that make a difference. This podcast is inspired by a Harvard Business Review article and my own experience with asking the right kinds of questions. Contact: [email protected]

When I tell companies that the innovation failure rate has been 75% or greater for over 55 years, it seems most companies think that is something that happens to others, but not them. The 75% failure rate exists for every kind of company in every kind of business. The good news is that we know how companies can consistently double their innovation success rate. This podcast details exactly how that can be done. Contact: [email protected]

Innovators always need to be aware of the changing threats for their specific business. But the megatrends – the global threats–are also something all competitors need to be aware of. What is a threat for one company can be an opportunity for another company. Contact: [email protected]

The nature and dimensions of competition has never changed so much, so fast. Gaining a competitive advantage is far more challenging and complex than ever before. Having said that, at no time has been gaining a competitive advantage been more important. Contact: [email protected]

The whole area of mobility is going through the biggest transformation since the Model T. Being aware of the multidimensional transformation will help innovators capitalize on this major opportunity. Contact: [email protected]

Unfortunately, the last few decades the field of innovation has been dominated by somewhat trendy innovation methods that today seem remarkably less attractive and effective. The latest to experience this is Lean Innovation. I provided an overview of its challenges and outline what I consider to be a more fundamental and enduring innovation method.

Fast Company magazine publishes its annual list of the most innovative companies in the world – a list that for years has been dominated by many of the same companies. Wow! This year's list is dramatically different – long overdue. The number one and number two most innovative companies are probably companies you have never heard of but they are bringing about innovation on a massive level.