Entrepreneurial

    The Risk of Not Innovating

    1d1d20cI recently was a guest blogger for Gibson Insurance and I wrote this piece about the risk of Not Innovating.

    I’ll make the point again here — with fewer words. For more detail, read my post over at Gibson.

    Risk Aversion is a Risk Itself

    Many leaders pull back on innovation programs because of expenses, and, fear of change. They settle for small changes and improvements and continue to look at innovation as if it’s extra work. They pay lip service to innovation and waste time doing culture assessments. They also spend precious time developing a precise process for innovation. Cultural awareness of the climate for innovation is a good thing, and a defined process is as well, but don’t spend a year doing it. Instead, get started on innovation projects.

    Learn as you go!

    What leaders risk by pulling their innovation punches is — everything.

    There are some businesses and industries where change happens slowly. Leaders in those sectors can get by being very careful — for many years sometimes. And yet, invariably, someone, a start-up or a competitor, changes the paradigm. If you wait until that moment to start innovating it will probably be too late. You won’t have grown the skill set. You won’t have a team in place. You won’t have a pipeline of ideas and nascent products and services.

    So, the simple solution: invest in innovation training and programs. Make innovation part of your culture with innovation projects. Projects are how you change your culture. In fact, nothing else will change your culture.

    Bottom line: Leaders — take more risk on innovation because your organizations future depends on it.

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    Intrapreneurship Chicago 2016

    Authentically Different Conference In recent years I’ve become a bit anti-conference. I still go to some but I find the formats tired. The formula favors big name authors and speakers who sometimes miss the mark. The agenda is so jammed you don’t have time to talk to your peers. The social events are fun, but a bit… forced. So, you may be surprised when I bend over backwards to promote Intrapreneurship Chicago 2016.  The event is going to be held at the TechNexus accelerator in the River North area. Chicago area innovators and intrapreneurs, take note. June 22! This conference is authentically different. And highly useful if you are a real working Intrapreneur. 90% of the conference attendees will be




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    10 Essential Elements of an Innovation Mandate

    Getting a Mandate to Innovate is Key Larger companies typically have an innovation process in place. They don’t always work, but the majority of the Fortune 1000 has some kind of innovation process or system. There is an implied consent then, to innovate, at those organizations. There are people, budgets, expectations. At smaller companies, the Mis-Fortune 5000 as I sometimes jest, there is often not a process in place. In many of these still sizable firms innovation tends to be a reaction to an emergency, or a sporadic effort that takes a back seat to operations. They often default to incremental improvement of the product or service based on customer demands. A newly appointed Innovation VP or Director at a




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    Innovation Facilitator Tool Kit

    I am sometimes asked what a Facilitator should have in their kit bag. Here’s my answer — the Innovation Facilitator Tool Kit list. The items are below in bold. Many have links to where you can source the materials. I’m assuming the facilitator is a hands-on project leader who facilitates meetings, such as idea generation or strategy sessions. I did not take into consideration travel via plane or car. Obviously, some things are more portable than others. Consider this a master list which you can subset for your needs. Some of these items are not available off the shelf retail, so, put this kit together ahead of time so you can focus on design and executing your session plan as




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    21 Rules for Innovation Team Building

    I revised this “rule of thumb” list for a client and she suggested I re-share it in a blog post. This list is the accumulated wisdom of many years and it includes thinking from colleagues in the innovation space. Its target is the innovation team leader, but there are lessons for all types of team members here. The big change from the previous version is the emphasis on projects. It’s the key to Innovation in my view, from culture change to positive team dynamics to effectiveness of an overall innovation program. It’s the one thing of innovation — doing Projects. So here goes: 21 Rules for Innovation Team Building 1. A strong bold project initiative, with a clear vision for




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    Woulda-Coulda-Shoulda Innovation

    The Time is Now to Plan for 2016 Innovation This time of year it’s natural to get an innovation plan in place — if you’re not there already — the time is now. Talking to customers about their innovation efforts I’m hearing regrets in December. Wishes for having done more, and done more sooner. Shel Silverstein wrote a poem that sums it up nicely: Woulda-Coulda- Shoulda All the Woulda-Coulda-Shouldas Layin’ in the sun, Talkin’ bout the things They woulda-coulda-shoulda done… But those Woulda-Coulda-Shouldas All ran away and hid From one little did. by Shel Silverstein A Simple Innovation Plan — in 7 Steps I get it, innovation, if it’s not part of your culture, is hard to kick start and get




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    Graphene Application Challenge Prize?

    The Graphene Challenge Graphene is a new material that is just in its infancy in terms of commerical usage. It’s from graphite, the stuff in pencils. It’s magical stuff — 150 times stronger than steel, flexible like rubber, and potentially usable in electronics, water filtration, energy, building construction, medical, and more. It’s the thinnest material known to man at this moment. It’s 250 times more conductive or “mobile” than silicon. It hit the news again recently as scientists have discovered a much cheaper way to produce the material. This is a market that is about to explode. It’s frustratingly hard to work with. But that’s the fun part.  Unfortunately for the USA, it would see the prime early movers in




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    Paying Lip Service to Developing Entrepreneurs

    There is a very frightening trend happening in the USA. We are not growing entrepreneurs. See my “Seven Ways to Grow Entrepreneurs” below! What is it we believe in our capitalist country? Isn’t it something like this: Anybody who works very hard, has a bit of talent and a good idea, can start something, grow it, and do well.  Isn’t that the essence of the entrepreneurial American dream? Yes, there is more to it than that. Yes, you can fail. Yes, it’s a market driven meritocracy — or it should be. I’ve always taken this entrepreneurial spirit for granted – it’s who we are! I’ve always assumed that as the years go by, more and more Americans (and this extends




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    GOP Debate: No Mention of Manufacturing

    A short post to make an observation. Say what you will about the GOP debate last night — and there is much to say — there was no attention paid to manufacturing. Search the transcript, you’ll not find the word mentioned a single time. Wow, it’s a very big point to miss. In related topics innovation was mentioned once, and infrastructure, a huge problem, was not mentioned at all. Why is it important and a big missing that manufacturing wasn’t mentioned? Manufacturing, and the middle class jobs that accompany renewed manufacturing, are absolutely essential to sustained, healthy economic growth. Our growth right now is anaemic in large part because of this missing element. We are not going to be a




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    “Open For Business” is a Promise Made

    Open for Business  It’s a real joy when a business opens its doors for the first time. “Open for Business” sounds and feels like hope and possibility to me. Starting a new business is where creativity blossoms and where innovation is made real. You’ve created something and you want to deliver that value for a fair payment in return. That’s what an entrepreneur does. Why would the government put anything in the way of a win-win business transaction? The law recently passed in Indiana (Religious Freedom Restoration Act) is being fiercely debated. I really don’t want to comment, much, on the moral aspect of the law, I want to comment instead on what it means to open your doors for business




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