The Innovators Studio with Phil McKinney

Visit www.killerinnovations.com for the show notes .....

Dateline: Washington D.C. Segment 1: Fast Prototyping - fast (hours, days) versus rapid (weeks, months) - Fast prototypes are not functional - Focus on early and quick customer feedback - Fast prototypes are built by the inventors and not 'model' builders Segment 2: Example of a Killer Innovation Segment 3: Killer Question of the Week Visit www.killerinnovations.com for the link to this podcast and the entire archive of previous shows.

Visit www.killerinnovations.com for show notes.

Dateline: Washington D.C. (on my way to San Francisco and LA) Topic: Biomimicry - The use of biology as a source for ideas and innovations This podcast diverges from the standard format and shares an interview with Janine Benys, author of "Biomimicry: Innovations Inspired by Nature". This interview was provided by: Massive Change Radio (www.massivechange.com), CIUT 89.5 FM (www.ciut.fm) and Jennifer Leonard (www.renegademedia.info) in discussion with Janine Benyus. Link to the full interview with Janine Benys - www.renegademedia.info/media/radio-mp3/Janine_Benyus.mp3

Dateline: Washington D.C. Segment 1: Emergent Innovations Basic characteristics ... - Culture of experimentation/risk taking - Self organizing knowledge systems (e.g. Wiki, Blogs, Communities) - Strong network of relationships - Multiple skills (diversity) - Flexible team structures - Simple rules (min specification, diffusion of authority, widespread availability of info) - Minimize boundries Emergent Innovation example: http://www.mumbai-central.com/specials/tiffin.html Segment 2: Weak Signals - Using stats ... - Trends in management -vs- population trends Segment 3: Killer Question of the Week HOMEWORK ASIGNMENT!!!: Send an email to [email protected] that describes: - How have you used the information from the podcasts? - What (if any) has been the inpact? For more information ... visit www.killerinnovations.com

Dateline: Washington D.C. Segment 1: Innovation Success Rate Business Week August 1stlist of innovation success rate http://images.businessweek.com/ss/05/07/toolbox/index_01.htm Segment 2: Applying Killer Innovations Segment 3: Killer Question of the Week Visit www.killerinnovations.com for more information .....

Dateline: Washington D.C. Segement 1: Collaboration for Innovation - Motivation for collaboration - Criteria for collaboration - Innovation challenge (innovation gap and innovation delay) - Strong ties -vs- weak ties - Vertical networks -vs- horizontal networks - Importance of 'social capital' Segment 2: Weak Signals - Using magazines as a source Visit www.killerinnovations.com to see the list of magazines discussed. Segment 3: Killer Question of the Week

Dateline: Washington D.C. Segment 1: Financial Criteria for Killer Innovations - Provide access to signiicant revenue pools (> $1B USD) - Cash flow positive at $25 to $30M USD - EBITDA positive beyond $50M USD - Consistant gross margin from $100M to +$1B USD Segement 2: Example of applying Killer Questions Segement 3: Killer Question of the Week Visit www.killerinnovations.com for more information .....

Segment 1: Storytelling Segment 2: Weak Signals Segment 3: Killer Question of the week

Dateline: Washington, D.C. Segement 1: Measuring Structured Innovation - # of ideas - # of proof of concepts - # of customer tials - # reaching commercial launch - revenue within 90 and 180 days of launch - % of revenue from "new" products/services (within the doubling rule for the industry) - % of margin from "new" products/services (within the doubling rule for the industry) Segment 2: Applying Killer Questions The story of Alonzo and Duncan and how they went from a single idea into creating a multi-billion dollar enterprise. Segment 3: Killer Question of the Week