Discoverthinkfuture by hellofuture - innovation disruption and the future
thinkfuture by hellofuture - innovation disruption and the future

thinkfuture by hellofuture - innovation disruption and the future

Author: Chris Kalaboukis

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All about innovation, startups, and the future - discussing topics which range from technology (AI, IoT, Big Data) to technologies impact on humans (Work, Play, Culture) and the future of everything in any sector - retail, banking, technology, hiring, and more. We are always looking for Innovators like you to interview for our weekly podcast. If you have any stories on innovation, disruption or the future that you would like to share (happy or unfortunate), let us know. Support this podcast: https://anchor.fm/thinkfuture/support
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working from anywhere is better than working in an office in all ways. --- Send in a voice message: https://anchor.fm/thinkfuture/message Support this podcast: https://anchor.fm/thinkfuture/support
Good morning everyone, and welcome to the thinkfuture podcast. I'm your host, Crystal Palace, and once again, we're coming in July from deep in the heart of Silicon Valley, California. Now I ask you. Do you find that innovation has stalled lately? The innovation has run up against a brick wall and doesn't seem to be getting anywhere. And I wonder if that has something to do with us stepping away from the concept of competition. Now in a capitalistic system in a capitalist system, competition is what drives everything. Competition drive sales drive profitability drives adoption of new products; it drives everything, but for some reason, over the last little while, we've all stepped back and decided that you know, maybe competition isn't a fat good thing anymore. Perhaps we shouldn't focus on doing better or getting better or advancing ourselves are grabbing market share. Whatever I mean, some companies are doing that look at something like Amazon Amazon's pretty cutthroat about it. But there's plenty of other companies who are stepping back and looking at other things in looking at it in a more holistic way they're looking at their employees well being they're looking at employee they're looking at there. Customers they're looking at social justice. They're looking at all these different factors that have nothing to do with being competitive. They'd instead take. Political positions then focus on competition focused on execution, focus on their products, and services focus on being the best possible product at the best possible price in the best possible space to capture that customer. In short, they're stepping away. From capitalism, they're stepping away from capitalism and not making profits the business's driving motives there. I mean, it's still there, but I find it's getting less and less critical. Those companies who don't have this as the business driver that they're not competing effectively and efficiently against their customers are going to die, I'm sorry. I'm sorry, but you know all of the social justice stuff is excellent. All of this thinking about things outside of profitability is great. However, it's dangerous. It's dangerous ground, especially considering the current economic situation that we're in. We need to re-up our focus on innovation; we need to re-up our emphasis on profitability. We need to re-up our emphasis on competition on driving our competitors into the ground. I mean, it sounds cruel. It sounds horrible. But the reality is that that's what capitalism is. That's what business is. Capitalism business is based on the meter; it's survival of the fittest, and the company that does the best will win. I mean, look at what's happening right now with the coronavirus. A company like Amazon and E. commerce online companies like Amazon is taking it to the bank. They're doing amazingly great because they are focusing on taking advantage of the crisis and driving more profitability driving more services using that ability that they have to ship things to the customer to capture that market share away from other companies now, some of you may be going all my god that's horrible, but if you're an Amazon shareholder, you're probably going yes yes yes as a thing shoots up over above 3000 percent $3000 a share --- Send in a voice message: https://anchor.fm/thinkfuture/message Support this podcast: https://anchor.fm/thinkfuture/support
Do you feel that innovation is meaningless? An actual quote from the leader of an innovation group "At this point, thinking about the future is meaningless" Falling back on short-term thinking is a mistake They don't see the ramifications of this Look beyond the crisis - surf on it or hide under it Take the crisis and use it as an opportunity for your company to grow Example: we learn to eliminate commuting due to COVID: which leads to healthier employees, an improved environment, and lower facility costs. --- Send in a voice message: https://anchor.fm/thinkfuture/message Support this podcast: https://anchor.fm/thinkfuture/support
Why do disruptive innovation efforts fail so often? Is innovation all about meeting customer desires? JTBD Theory creates a "job description" of the customer's desires There is the "job" and "how is the job done"  Similar to things I've been talking about There is always a mismatch between demand and supply We can use technology to capture the customer's desire and write a job description for the customer. Once we know the job to be done, we can go on and use technology to fulfill the job to be done --- Send in a voice message: https://anchor.fm/thinkfuture/message Support this podcast: https://anchor.fm/thinkfuture/support
Are you denying human nature when you design your products? When you try to make humans better, most of the times your efforts fall flat Do you expect too much of your customers? Like rational behavior? It's near impossible to change human nature, so you need to work with it not against it Communism and socialism fail because they expect people to change their essential human natures Acceptance of Reality is sometimes tough for humans to understand We can't stray too far from the norms of human nature --- Send in a voice message: https://anchor.fm/thinkfuture/message Support this podcast: https://anchor.fm/thinkfuture/support
3 Tips on Dealing with Time Firstly, people don't start working on stuff until halfway until it's due For example, if your team has a 4-week deadline, then they won't start working on it in earnest in 2 weeks. So always cut your deadlines in half. Work both expands and contracts to fit the time allotted Secondly, imagine in your mind that the work involved to complete a task is much more than it is. For example, if you imagine a task is going to take 2 weeks, even though it's probably a 1-week task, then you will not feel as stressed when it takes less than 2 weeks Thirdly, always go first.  For example, if you have to present during a conference, take the first slot (or the earliest slot you can), then once you are done, you can relax --- Send in a voice message: https://anchor.fm/thinkfuture/message Support this podcast: https://anchor.fm/thinkfuture/support
Ajita was recently appointed as CEO of Calbright College – a public, online campus founded in 2018 designed to prepare millions for the future of work. Calbright teaches the hard and soft skills required to succeed on day one of employment, and crafts low-to-no-cost online program pathways designed to connect students with new job opportunities. A former higher-education tsar in the Obama administration, Ajita’s job today is to lead the college to help underserved Californians gain greater economic mobility and to provide skilled talent for hiring employers – something in especially high demand given the nationwide economic shock from the pandemic.  --- Send in a voice message: https://anchor.fm/thinkfuture/message Support this podcast: https://anchor.fm/thinkfuture/support
Are you lazy? Are your customers lazy? Do your customers prefer things to be done for them? Then why do you force your customer's through your own hoops? People don't want to "bank", they want their money managed. People don't want a mortgage, they want a home People don't want a car loan, they want a car Are you making your customers jump through hoops to work with you? Are you worried that talking to your customers will reveal how far off your products are from what they want? --- Send in a voice message: https://anchor.fm/thinkfuture/message Support this podcast: https://anchor.fm/thinkfuture/support
Are you getting the kind of innovation that you are looking for? Ever wonder why that is? Maybe they aren't incentivized to create billion-dollar ideas? Maybe they are actually incentivized to play politics? What kind of incentives are you dangling in front of your employees? Most companies promote and award people for career movement, not better solutions that delight your customers. Which are you? --- Send in a voice message: https://anchor.fm/thinkfuture/message Support this podcast: https://anchor.fm/thinkfuture/support
Ever had to deal with Negativity and Negative People? They shoot down your ideas and tell you how things are so terrible What do you do with them? Where do negative people take you? You probably can't change them into something else Negative people have their place - maybe not in your innovation group Get them out of your situation - innovation requires optimism Maybe they say they are mindreading your senior management There are plenty of other places where negative people do a better job --- Send in a voice message: https://anchor.fm/thinkfuture/message Support this podcast: https://anchor.fm/thinkfuture/support
So much should have happened by now: Blade Runner, The Eugenics Wars, Flying Cars, Living on Mars, Human Clones, Time Looping Super Soldiers, Khan Noonien Singh, much longer life expectancy We have none of this - although we may have human clones somewhere Everything that is possible will happen - the only question is when What do you want to do tomorrow? The future is up to you Can't do anything about the past - it's done finished, etched in stone We can design our own ideal future --- Send in a voice message: https://anchor.fm/thinkfuture/message Support this podcast: https://anchor.fm/thinkfuture/support
Capitalism is great One failure of capitalism: if a great idea has no business model, it's unlikely to be pursued - if it doesn't make money, it won't happen. For innovative new products, we need to measure a different metric - JOY Some ideas are AMAZING, but they don't make money Even if they are great, you have to look at them through a commercial lens The ideas go away when companies can't figure out how to make money at it The idea must fulfill the customer's desire - you must bring them joy, and the money will follow. --- Send in a voice message: https://anchor.fm/thinkfuture/message Support this podcast: https://anchor.fm/thinkfuture/support
We humans actively seek out the new, and the Cybertruck is that Even though I don't believe in electric vehicles, I love the DESIGN Electric cars are just REPOSITIONING the electric generation It looks DAMN COOL and AMAZING Every car on the road looks exactly the same Every car maker is stealing ideas from other carmakers Even the Teslas are boring Cybertruck is the future. I want to be part of that future If the design stays mostly the same, then I will buy it We are sponges that want to learn everything when we are born Our brains are still primed to seek out the new We want the next dopamine fix Attention other carmakers: note the Cybertruck design --- Send in a voice message: https://anchor.fm/thinkfuture/message Support this podcast: https://anchor.fm/thinkfuture/support
http://thinkfuture.com  ** FEEL FREE TO LISTEN AT 2X SPEED **   Why are we in this innovation "rut"? Its safety over innovation From the 1880s to 1950s where there was so much innovation going on - it was crazy Since then, we've hardly invented anything We are so concerned about hurting ourselves that we are holding ourselves back Look at the invention of the car and the plane. People used to be willing to be hurt or die in the pursuit of innovation. Now we don't Every disaster pushes us back so far. Why can't we just move forward? Right to try is the right way to go We've pulled back on ourselves - we ask "should we" too often We need to be willing to innovate at the expense of our safety and security We need to create innovation zones where people are free to innovate without fear. Inventions can run free. --- Send in a voice message: https://anchor.fm/thinkfuture/message Support this podcast: https://anchor.fm/thinkfuture/support
http://hellofuture.co Are you truly understanding and delivering on your customer's core desires? Probably not. Customers want great THINGS and EXPERIENCES, not to pay bills, get mortgages, or negotiate to buy a used car. How close is your product and service to address your core customer desires? --- Send in a voice message: https://anchor.fm/thinkfuture/message Support this podcast: https://anchor.fm/thinkfuture/support
It's not only about applying digital to your current processes Digital is just an application of technology Terrible processes which are digitized aren't any better People look at digital-first before they think about transformation when it should be the other way around Digital is simple compared to the transformation The tough part is transforming your business first. --- Send in a voice message: https://anchor.fm/thinkfuture/message Support this podcast: https://anchor.fm/thinkfuture/support
Keith Keating has a career spanning over 20 years in learning and development (L&D). He is well known in the industry as a workforce futurist, design thinking practitioner, and L&D thought leader. Keith is currently pursuing his doctorate at the University of Pennsylvania’s chief learning officer program. https://www.linkedin.com/in/keith-keating-1976963a/ --- Send in a voice message: https://anchor.fm/thinkfuture/message Support this podcast: https://anchor.fm/thinkfuture/support
Digital shaper, speaker, and thought leader. Award-winning technology marketer. Startup and entrepreneurship lecturer. Founder of the world’s first App stores. --- Send in a voice message: https://anchor.fm/thinkfuture/message Support this podcast: https://anchor.fm/thinkfuture/support
John Carter is a recognized expert in helping global organizations improve the speed and innovation of product development. As Principal of TCGen Inc., he has advised many top firms such as Apple, Amazon, Cisco, HP, IBM, Roche, and Westinghouse.  He also serves on the Board of Directors of Cirrus Logic (CRUS) a leading semiconductor firm.  John has had roles of CTO (Klipsch Group) and Chief Engineer (Bose).  John was the co-inventor of the Bose Noise Cancelling Headphones and shares the original patent with Dr. Bose. --- Send in a voice message: https://anchor.fm/thinkfuture/message Support this podcast: https://anchor.fm/thinkfuture/support
Show Notes: Nerjada (Ada) Maksutajhas recently completed her MBA at Berkeley Haas and is the 2020 Fellow for the Center for Responsible Business. Prior to business school, Ada worked as a strategy consultant with Accenture advising on digital transformation, corporate innovation, and social entrepreneurship projects with clients including the United Nations, World Economic Forum, and Pearson Education. Post-graduation she will be joining IDEO's Design for Learning studio, focused on lifelong learning and future of work challenges. She previously studied Economics and Human Rights at the University of Chicago. Helpful tools for remote collaboration: · https://miro.com/ o Enterprise-ready team collaboration whiteboard for distributed teams · https://www.shape.space/ o Shape is IDEO’s latest digital innovation tool for building, testing, and refining your ideas · https://mural.co o Digital workspaces for visual collaboration, inspiration, and innovation · https://stormboard.com o Shared Sticky Notes and Whiteboards How to define design thinking? Below you can see how IDEO loosely defines design thinking - There’s no one definition of design thinking. At IDEO, it’s a set of both mindsets and design-based activities that foster the collaboration required to solve problems in human-centered ways. It’s not a fail-safe approach; nor is it the only approach. https://designthinking.ideo.com/ --- Send in a voice message: https://anchor.fm/thinkfuture/message Support this podcast: https://anchor.fm/thinkfuture/support
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