In 2006, I was invited to conduct a masterclass for a group of Nokia high potential managers on the topic of driving growth through innovation. At the time, the company was enjoying double digit growth. The were rated the eighth most innovative company in the world by BusinessWeek magazine. And they were winning market share on every continent. What could possibly…
With Amazon edging towards becoming the world’s first trillion-dollar company, fresh attention is being paid to the factors that could derail its growth. The company slowed a bit this quarter, sending the stock down eleven percent. Nevertheless, this downtick should not distract from the reality that Amazon has emerged as the new model of innovation effectiveness. They are something new in…
It’s no secret that innovation is tough to pull off, and even the “most innovative” companies, such as General Electric (#18 on Boston Consulting Groups’ most recent list) and Whirlpool (tariffs aside, consumers favor Korean and European styling and brands) and Proctor & Gamble (sinking to #47 on BCG’s list) can fall fast, despite great effort on the part of…
Trying something for the first time can be discomfiting, but in that discomfort often lies immense potential. Think of some of the most celebrated inventors throughout history; they must certainly have had their detractors, not to mention their own self-doubt that the idea would be successful. Thus, the courage to take action and attempt to turn the idea into reality…
