The best way to get a good idea is to get a lot of ideas.
When the corporation’s investment capital becomes impatient for growth, good money becomes bad money because it triggers a subsequent cascade of inevitable incorrect decisions. Innovators who seek fun...
Put simply, innovative thinkers connect fields, problems, or ideas that others find unrelated.
In the words of Andy Grove: To understand a company’s strategy, look at what they actually do rather than what they say they will do.….Here is a way to frame the investments that we make in the strate...
Do you understand the real reason why your customers choose your products or services? Or why they choose something else instead? How do your products or services help your customers to make progress...
The foundation of our thinking is the Theory of Jobs to Be Done, which focuses on deeply understanding your customers’ struggle for progress and then creating the right solution and attendant set of e...
The fear of cannibalizing sales of existing products is often cited as a reason why established firms delay the introduction of new technologies.
That’s a hallmark of good theory: it dispenses its advice in if-then statements.
That realization helped Moesta and his team begin to understand the struggle these potential home buyers faced. I went in thinking we were in the business of new home construction, recalls Moesta. But...
Robert B. Barr and John Tagg, From Teaching to Learning—A New Paradigm for Undergraduate Education, Change,
Innovation, in a very real sense, exists in a pre–quality revolution state.1 Managers accept flaws, missteps, and failure as an inevitable part of the process of innovation. They have become so accust...
In fact, how you allocate your own resources can make your life turn out to be exactly as you hope or very different from what you intend.
In contrast, investing time and energy in your relationship with your spouse and children typically doesn’t offer that same immediate sense of achievement. Kids misbehave every day. It’s really not un...
I used to think that if you cared for other people, you need to study sociology or something like it. But….I [have] concluded, if you want to help other people, be a manager. If done well, management...
Data is not the phenomenon. It represents the phenomenon, but not very well.
Core competence, as it is used by many managers, is a dangerously inward-looking notion. Competitiveness is far more about doing what customers value than doing what you think you’re good at. And stay...
Consider, for example, IBM’s decision to outsource the microprocessor for its PC business to Intel, and its operating system to Microsoft. IBM made these decisions in the early 1980s in order to focus...
Competitiveness is far more about doing what customers value than doing what you think you’re good at. And
But differentiation loses its meaning when the features and functionality have exceeded what the market demands.
Because Aristotle’s was the accepted lens on the universe, centuries of medieval scientists and thinkers went to great lengths to make epicycles work. It wasn’t until the sixteenth century, with one s...