What is common between Bill Gates and Steve Jobs? They are founders of most innovative companies. What is common between Jeff Bezos and Wright brothers? They appear in the list ... Read More
Getting involved in innovations is a wonderful solution to avoid or resolve the midlife (or mid-career) crisis. The Merriam-Webster dictionary defines a midlife crisis as, “A period of emotional turmoil in ... Read More
In my post a year ago, I explained that Innovation is an organizational sport. I explained that the starting point for this sport are innovation bets which one places based on ... Read More
In the previous three posts, I had explained how absence of an innovation culture bothers top leaders and why they aren’t able to do much about it. We also discussed how cultures ... Read More
In the previous two posts I discussed why leaders feel helpless about the improving the innovation culture. I also explained what the culture is and how it can be shaped ... Read More
In the previous post I defined ‘culture’ and explained how a specific element of culture can be built or shaped by persistent use of processes in the organization. The innovation enthusiasts wanted ... Read More
‘We don’t have a culture of innovation’ is the most common reaction that one gets from leaders and managers who are not happy with the intensity of innovations in their ... Read More
Some organizations adopt innovation as an initiative and do whatever they could to make their employees participate in it. In my view, one of the best ways for established organizations ... Read More
Obstinacy and its detrimental effect on innovation was the subject that I discussed in the previous post of May, 2016. In the same post I also referred to ‘Zombie amnesties’, a program through which such projects (that are continuing because of obstinacy) could be discontinued and this act should be celebrated. If company organizes ‘Zombie amnesties’ in which people do come forward and participate, it is a strong indicator that the company has a culture of ‘Freedom to fail’. ... Read More
A lot has been researched and written about the implementation or execution challenges related to Innovation. Perseverance is the key attribute that one needs to have to complete the journey from idea/concept to innovation. Perseverance is important for this journey because one is expected to come across various risks, roadblocks, drags and failures. Like every good thing, Perseverance too has a negative side, which is perhaps known as Obstinacy. In this post, I have made an attempt to explain how and why this transition from Perseverance to Obstinacy happens and what should managers and their supervisors do to avoid and overcome. ... Read More
A ‘promissory note’ is a legal instrument (more particularly, a financial instrument), in which one party (the maker or issuer) promises in writing to pay a determinate sum of money to the other (the payee), either at a fixed or determinable future time or on demand of the payee, under specific terms. ... Read More
Let us ponder about the problems with the new year resolutions. To do this, think about the following: How many of us take new-year resolution? Every Year? How many of us are able to fulfill them? Now let us also think about the commitments we make to attend a social event or a business meeting that is scheduled a few months later? ... Read More