The coronavirus has now been labeled a pandemic by the World Health Organization. So what does innovation look like in a time of crisis? How do we respond as innovators? Click “Read More” to join the discussion.
Both Playboy magazine and restaurateur Danny Meyer have been in the news this week for disruptive business model innovations that challenge deeply help assumptions within the respective worlds. Disrupting yourself in risky, but can be a hard necessity if the world you operate in is changing in ways that leave you vulnerable to external disruption. However, how many businesses would be able to embrace this kind of reinvention of their business models? When was the last time you confronted you hidden assumptions and ‘givens’.
Is innovation efficiency killing off some of our biggest ideas? Can increasing autonomy, more aggressively challenging our ideas, creating conditions that create serendipity, or simply being more thoughtful about what we call disruptive or breakthrough help bring bigger ideas back?
I’ve fallen in love with living in Las Vegas, but most people think I’m crazy to move here. I may well be, but in my defense, there is a huge difference between the Vegas I know, and the Vegas that automatically springs to most peoples minds. This disconnect between what most people think Vegas is, and how I think of it illustrates two really important biases that can impact innovation, and business productivity as a whole. One is the confirmation bias, the other is the illusion of understanding.
A core principles of Judo is is maximum efficiency, minimum effort. Directly resisting a more powerful opponent will typically result in defeat, but redirecting their momentum and power can make it possible for weaker opponents to beat significantly stronger ones. We can often apply similar strategies in innovation, and use the cause of a problem to solve it. In this way, the problem becomes the solution. Just as we…
Our everyday decisions, and those of our colleagues, our consumers, and our families are constantly influenced by hundreds of cognitive biases. Pete Foley shares in no particular order, 20 that are related to innovation, the innovation process, and innovation research.