The term ‘innovation’ is often associated with geniuses turning startups into gold mines — the next Google, Apple, or Amazon, with products no one even knew they needed. Every company aspires to be as innovative as them, while many companies may…
Why are so many successful business leaders, all of a sudden, urging their companies and colleagues to make more mistakes and embrace more failures? James Quincey, CEO of Coca-Cola Co., in May called upon rank-and-file managers to go beyond the…
While sabbaticals are still rare in corporate America, their presence is increasing rapidly. Recent research and corporate experiments suggest that there might not be enough employees taking time off — and even if they are taking time off, they should be…
It seems that everyone these days is looking for a disruptive business model (BM) but it has to be realized that BM is only one part of the equation. Equally important is the mental model behind the BM, as well…
By end of the 19th century, New York City was struggling with a manure crisis; as horses ferried people and goods through the streets of Manhattan, they produced thousands of tons of waste, choking streets and creating a public health problem. In…
“Not all smart people work for you.” – Bill Joy, the co-founder of Sun Microsystems was famous for saying it and companies are well aware of this truth. That’s why, many seek to tap the potential of “open innovation” by…
Customer Loyalty Is Overrated Why do companies routinely succumb to the lure of re-branding? The answer say A.G. Lafley and Roger L. Martin, the authors of “Customer Loyalty Is Overrated,” is rooted in serious misperceptions about the nature of competitive…
We are living in the age of ‘superstar companies’. The top players in their respective industries are prospering, yet economic growth remains sluggish in many parts of the world. The reason for this paradox is that, the productivity gap between firms…
Firms are always looking to find an edge; ideally differentiation should be the prime motivator for any strategy. But often CEOs fall into chronic sameness, an inertia driven by a feeling that they must focus on cost, even cheapness, to…
In our previous post we discussed the importance of a well defined IT Strategy in terms of the impact that it has on a firm’s performance. In part 8 of the series- IT Investment & Innovation, a part of our…
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