Alexander Mammen, founder of Heritage Growth Partners,  shares his unique definition of innovation and how he applies it to creating true partnerships with entrepreneur-owners.

More about our guest:

Alex Mammen founded Heritage Growth Partners in 2014 with the goal of creating true partnerships with entrepreneur-owners, built on long-term thinking, shared values and mutual alignment of interests. He brings 25+ years of private equity, investment banking, commercial lending and family business experience to Heritage, and has completed over 70 M&A and financing transactions valued in excess of $7 billion. Throughout his career, Alex has served as a trusted advisor to a variety of private and public companies, including a number of founder and family-owned businesses. At Heritage, he focuses on identifying and investing in private companies, leading structuring and diligence, and advising and serving management teams in achieving their growth objectives.

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Episode Guide:

1:50 – What is Innovation

3:07 - Innovation in Heritage Growth Partners

6:00 – Vision and execution 

7:23 - Cycle and Business evolution

8:34 - Industry-sector investment and innovation

9:10 – 5 areas to look into

9:18 - Food sector

9:42 - Distribution

10:13 - Repair and Maintenance

10:29 - Training and Education  

11:09 - Retail and Consumer

11: 54 - Consumer-driven, Geographically driven, and sticky elements

19: 25 - Roomate Business

22:19 - Advice for innovators

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OUTLAST Consulting offers professional development and strategic advisory services in the areas of innovation and diversity management.