Every week I interview five to 10 innovators and innovation experts as part of my book project. Each time I ask the same question: In your experience, what are the greatest barriers to innovative ideas realizing their potential inside large organizations?
You’ve got the idea. You know it will work. If only you can move fast enough, keep up the pace of those younger, smaller startups. The opportunity should be yours but you worry that bureaucracy will slow you down.
Thousands of years ago, hunter-gatherers huddled around campfires would share stories of the “great hunt” or battle. Our heroes in these narratives left the safety of camp, clad in leather, wielding swords, stepped into dark woods to battle a mythically large creature or enemy, and returned in glory with meat to feed a village.
I wrapped up 2014 with a flurry of mind-opening interviews. I spoke to everyone from Steve Blank, the man who invented the “lean” concept, to the man who first applied that concept in a major corporation (GE). I spoke to chief innovation officers and entrepreneurs responsible for some of the most memorable
Sociologist Gerhard Emmanuel Lenski dedicated his life to understanding how societies evolve. Why humans evolved from hunting tribes to agricultural communities to Roman Empires into super-cities like Hong Kong, Shanghai, New York.
In the 20th century corporate skunk works® were used to develop disruptive innovation separate from the rest of the company. They were the hallmark of innovative corporations.
By the middle of the 21st century the only companies with skunk works will be the ones that have failed to master continuous innovation. Skunk works will be the signposts of companies that will be left behind.
We had the opportunity to speak with Thomas Healy, CEO of HeadSmart Labs. Healy is a graduate student at Carnegie Mellon University and the starting punter for the school’s football team. He started HeadSmart Labs with researchers from Carnegie Mellon and the University of Pittsburgh to develop new testing methods and safety devices for athletes to help prevent head and neck injuries.
You were first curious. Now you love them or smoke them. Since their invention (in China) in 2003, electronic cigarettes (e-cigarettes) have fought their way into our minds and markets. Today 2.5 million Americans spend over $1billion a year on them. By the end of 2014 that number is projected to reach $1.7 billion.
Niccolo Machiavelli wrote, “Entrepreneurs are simply those who understand that there is little difference between obstacle and opportunity and are able to turn both to their advantage.” Entrepreneurs seek out problems then design innovative, profitable solutions.
Founded by two Harvard Business School grads, Bundle Organics offers a line of organic prenatal juices made specifically for pregnant and breastfeeding women. I got a chance to ask the founders how they identified and built such a fast-growing business in this unusual “white space.” What they shared can help you find your next big growth opportunity.