Managing innovation - creating value from ideas

Start-up success - or not?  Faisal Abid shares some fascinating insights into the do's - and don't's of trying to launch and grow a new venture, drawing in particular on his experience in founding and growing a number of businesses including AI start-up  zoom.ai  and his current work with Eirene Cremations where he is trying to disrupt a long-established and very traditional industry.You can find a video version of this podcast here.And more about Faisal hereIf you'd like to explore more innovation stories, or access a wide range of resources to help work with innovation, then please visit my website here.You can find a rich variety of cases, tools, videos, activities and other resources - as well as my innovation blog.Or subscribe to my YouTube channel here

Taking an innovation from a small-sized success story to something which delivers value at scale is not an easy one.  The Holy Grail of impact has a lot in common with that elusive quest pursued by King Arthur’s knights, taking them along strange paths, meeting with dragons and disasters and lasting a long time.  Similar odds of success too. Having spent a long time focused on the challenges facing start-ups the innovation spotlight is now moving to the question of scaling – and there’s a helpfully growing body of knowledge and codified experience around this theme. Including the important decision about which route to take for the journey to scale.  Choosing your preferred pathway to scale is a key first stage on the journey; fortunately there’s a wealth of experience available from previous attempts and some important lessons on which we can build.  In particular we need to see the choices available as lying on a spectrum where we trade off additional external involvement with giving up a degree of control. This podcast explores some of those options and their respective strengths and weaknessesYou can find a transcript hereAnd a video version here If you'd like to explore more innovation stories, or access a wide range of resources to help work with innovation, then please visit my website here.You can find a rich variety of cases, tools, videos, activities and other resources - as well as my innovation blog.Or subscribe to my YouTube channel here

 We talk a lot about learning by doing in the agile innovation process, especially in the context of start-ups.  But it’s hard to capture that learning as you go along when so much else is happening as you desperately try to find your way through the fog of uncertainty.  Which is why it’s really valuable to have someone who runs a successful start-up which is now scaling well to share their insights . And even more so if they’ve managed to capture it in the form of a book which carries some really valuable lessons which have been learned the hard way!  This podcast features Zach Rattner, founder and CTO of Yembo and author of ‘Grow up fast!’, a great book which captures some powerful learning about innovation and entrepreneurship You can more about his book hereAnd the video version of this interview hereIf you'd like to explore more innovation stories, or access a wide range of resources to help work with innovation, then please visit my website here.You can find a rich variety of cases, tools, videos, activities and other resources - as well as my innovation blog.Or subscribe to my YouTube channel here

Innovation is all about trying to convince others — people to help develop your idea, sponsors to back you, markets to buy in to your great new thing. So it makes sense to spend time and effort crafting a tale which will draw them in, intrigue them, capture their attention. Of course you don't want to oversell but as long as you've done your homework and the foundations are firm you’ll benefit from creating your particular version of a castle in the air….Which is the message I’m trying to get across in the latest instalment of my long-term project to capture the key lessons of innovation and entrepreneurship in the form of a song….You can find the lyrics hereAnd watch a video version hereIf you'd like to explore more innovation stories, or access a wide range of resources to help work with innovation, then please visit my website here.You can find a rich variety of cases, tools, videos, activities and other resources - as well as my innovation blog.Or subscribe to my YouTube channel here

Why evidence is so important for scaling innovationA good idea will sell itself, right?  Unfortunately not – Emerson was spectacularly wrong when he suggested that all you needed to do was build that better mousetrap to have the world beating a path to your door.History is full of examples of innovations that, whilst being good and proven solutions, more than just a gleam in their inventor’s eye, stubbornly refused to scale.  There are plenty of them in the world of commercial innovation – and in the field of social change, innovations designed to have an impact and change the world, it’s even more difficult.One of the challenges is around the role of evidence.  At its simplest we adopt new things because we see some benefit in them, they make our lives easier, more comfortable or better in some way.  That’s what gives rise to the S-curve shape which you can find associated with any innovation – it isn’t a case of all or nothing, adoption takes time.  And one of the key influences on that is the role of evidence.You can find a transcript of this podcast hereIf you'd like to explore more innovation stories, or access a wide range of resources to help work with innovation, then please visit my website here.You can find a rich variety of cases, tools, videos, activities and other resources - as well as my innovation blog.Or subscribe to my YouTube channel here

I'm running a course on entrepreneurship and was looking for a way to help students remember some key milestones on the journey - value proposition, minimum viable product, prototyping, business model development, etc.  So trying it out in the form of a song....You can watch it on my YouTube channel here, complete with lyricsIf you'd like to explore more innovation stories, or access a wide range of resources to help work with innovation, then please visit my website here.You can find a rich variety of cases, tools, videos, activities and other resources - as well as my innovation blog.Or subscribe to my YouTube channel here

For our ancestors, creativity was a matter of survival. Not being big, strong or fast meant that if we couldn’t think our way out of a problem (like an approaching predator), then we’d not be around for long! Dealing with the daily struggle to survive required us to be innovative, and the key to that was the ability to imagine and explore different possibilities.And it’s pretty clear that creativity — the ability to come up with novel solutions to problems — is going to be even more in demand as we approach the future. The word is everywhere — creative industries, creative people, creative leaders, creative organizations and so on. But it’s not just a fashion label — in a world where we face some pretty tough challenges, it’s a truism to say we need all the creativity we can get. Whether we’re a solo start-up entrepreneur, a member of a team tasked with helping the organization to think ‘outside the box’, or someone trying to change the world through social innovation this creativity stuff is going to be needed.So it’s good to know that we already have the most important resource to help deliver it — the 1.5 kilos of pinky-grey stuff between our ears. It comes as standard equipment with any human being and our brain — and the amazing ability it has for imagination — is the key.Trouble is that creativity, whilst really important, is also shrouded in myths which cloud our understanding of this key resource.  This blog - and our new book - explores what we know about creativity and how we might sharpen our skills in deploying it.You can find a transcript hereIf you'd like to explore more innovation stories, or access a wide range of resources to help work with innovation, then please visit my website here.You can find a rich variety of cases, tools, videos, activities and other resources - as well as my innovation blog.Or subscribe to my YouTube channel here

 How creating experiences for underserved markets can be a key innovation strategy It’s summertime, at least here in the northern hemisphere and chances are that August is a holiday month. Which might well see you sitting somewhere and watching an exotic sunset, glass of something suitably refreshing in your hand. As you see that golden disc slip below the horizon and the wonderful display of red shifting colour begins to settle towards nightfall you might spare a thought for the memory of Tom Gullick who died this month. Because for many of us jetting away to our exotic location might not be happening were it not for his innovation efforts….An avid bird spotter (he held the record for the most birds (over 9000) spotted by an individual) he was a bit of a Don Quixote figure, not least because he took up residence in La Mancha in Spain and pursued a conservationist crusade during his later years, saving at least one species of duck from extinction.But he has another claim to fame — as one of the founding fathers of the low-cost travel experience. His bird-watching abilities gave him good observational skills and led him to spot an opportunity in classic entrepreneurial fashion — and then to go after it with a passion.This podcast explores his experience as an innovator and the underlying idea of what can be called 'position innovation' - changing the market context in which an inn ovation is placed and the stories we tell about itYou can find a transcript here If you'd like to explore more innovation stories, or access a wide range of resources to help work with innovation, then please visit my website here.You can find a rich variety of cases, tools, videos, activities and other resources - as well as my innovation blog.Or subscribe to my YouTube channel here

An interview with Hannes Erler, Strategic Director for Innovation Ecosystems, SwarovskiThis wide-ranging interview looks back at how a major European company grew over a hundred-plus years from a small engineering start-up to become a global player in the fashion, jewellery and accessories business through constant attention to innovation.If you'd like to explore more innovation stories, or access a wide range of resources to help work with innovation, then please visit my website here.You can find a rich variety of cases, tools, videos, activities and other resources - as well as my innovation blog.Or subscribe to my YouTube channel here

There comes a time in innovation when you realise you might have taken on something a bit too big. No matter how hard you throw yourself into the challenge, creating value from your idea is going to need a little help. Changing the world, or even a small piece of it, takes a lot of push. That’s the moment when you realise you need ‘complementary assets’ – the ‘who else?’ and ‘what else?’ pieces of your innovation jigsaw puzzle.It's a challenge at the very beginning – how to put together a network of people and resources to bring your idea to life? But it’s an even bigger challenge when it comes to scaling innovation – how to get widespread adoption of your ‘best thing since sliced bread’ innovation.That's going to involve a multi-player game. We’ve learned that to create value at scale needs a network – but importantly one which goes beyond the sum of its parts. Systems have ‘emergent properties but these only emerge if there is an organizing energy to enable the process.This podcast explores some of the challenges involved in putting such a 'value network' together - and , once you’ve found the partners, getting them to work together to create and deliver shared value.You can find a transcript hereAnd a video version hereIf you'd like to explore more innovation stories, or access a wide range of resources to help work with innovation, then please visit my website here.You can find a rich variety of cases, tools, videos, activities and other resources - as well as my innovation blog.Or subscribe to my YouTube channel here

 It's hard to disagree with the idea that innovation-led growth is of paramount importance, but how often do we associate it with taking risks and learning? This episode offers an enlightening conversation with Robyn Bolton, founder and ‘Chief Navigator’ of Milezero, a consultancy specialising in helping organizations think through their innovation challenges.  Her core beliefs capture their approach well:  Innovation is something different that creates valueInnovation requires curiosity, courage, and commitmentAny organization can innovate, and any person can be an innovatorPeople (even your customers and your boss) decide with their hearts and justify with their headsIdeas are a dime a dozen.  Decisions are priceless.  Action is perfection.Drawing on her extensive experience working with amongst others Procter and Gamble, Boston Consulting Group and Clayton Christensen we explore a wide range of topics including the often misunderstood concept of failure in innovation, the role of innovation labs in fostering a controlled environment for experimentation and the significance of shifting our language from failure to learning.  We look at the challenges that established organizations face when navigating disruptive shifts and we speculate the future of innovation in a constantly shifting context and stress the importance of cultivating a learning mindset.   You can find a transcript of the interview here.And a video version here If you'd like to explore more innovation stories, or access a wide range of resources to help work with innovation, then please visit my website here.You can find a rich variety of cases, tools, videos, activities and other resources - as well as my innovation blog.Or subscribe to my YouTube channel here

Time plays a surprisingly important role in innovation, both as an enabler and as a shaper of the process and its outcomes.   For example, the early development of reliable timepieces allowed accurate navigation which opened up the possibilities of global trade; without that the whole Industrial Revolution might have been a much smaller affair because the 'workshop of the world' would only have been able to trade in local markets.Or the role played by time-and-motion studies which underpinned the development and spread of mass production as a model for manufacturing and service organizations during the early 20th century.   The focus on saving wasted time also provided a key input to the development of 'lean thinking' which has had a huge impact on productivity.But we shouldn't be too preoccupied with saving time; sometimes we need to spend a little more of it to enable good ideas to emerge and flourish.  That's a lesson which organizations like 3M and Google have learned to their advantage - giving people time and space is a key innovation enabler.This podcast explores the key role which time plays in thinking about and working with innovation.You can find a transcript hereIf you'd like to explore more innovation stories, or access a wide range of resources to help work with innovation, then please visit my website here.You can find a rich variety of cases, tools, videos, activities and other resources - as well as my innovation blog.Or subscribe to my YouTube channel here

These days innovation spaces have become something of a fashion accessory; no large organization can afford not to be seen without having one. And start-up spaces have followed a similar trend; there’s been an explosion of support to try and tap into this potential source of local economic growth. On the surface these look like a welcome developments, innovation finally moving centre stage. But the reality is that very often these ‘adventures’ are little more than physical spaces with a slogan, perhaps brightened up by a few coloured bean bags on the floor or a chic location in a converted factory or warehouse.What we know from research is that providing such space can make a huge difference — but we need to have an operating model which is geared to providing support and creating a mechanism to repeat the innovation trick. We need operating ‘routines’ which help foster and support various aspects of the innovation process and which create a community of practice for organizations who take up residence inside them. Managed well innovation hubs, labs or whatever else you want to call them can operate as ’boundary spaces’, creating an environment for shared creativity, connection building and continuing interaction across different communities.This blog looks at an example of a successful innovation space, the Instituto Caldeira, in Brazil and explores how it has helped create a vibrant community for start-ups and established organizations to progress their innovation ideas.You can find a transcript hereIf you'd like to explore more innovation stories, or access a wide range of resources to help work with innovation, then please visit my website here.You can find a rich variety of cases, tools, videos, activities and other resources - as well as my innovation blog.Or subscribe to my YouTube channel here

We know today that smart companies who care about innovation invest in the capacity for innovation — R&D and market research, future scoping, etc. Organized innovation, buying themselves options on the future. All good — but maybe only focusing on the formal means potentially missing out on what might be happening underground. Because by their nature people are innovators, prone to experiment and tinker around, frustrated with aspects of their work which they think a little hacking around the edges might help them with. Why not tap into this as another source of innovation?It’s not just the benefits in terms of the possible product and process innovations which it might lead to. It’s also a powerful motivator, something which can help retain and inspire employees. Allowing people time and space to explore communicates a core company value — — it’s an invitation to tinker to hack things, to play around. And it has certainly paid off for 3M and many other companies - as this podcast explores.You can find a transcript of this podcast hereIf you'd like to explore more innovation stories, or access a wide range of resources to help work with innovation, then please visit my website here.You can find a rich variety of cases, tools, videos, activities and other resources - as well as my innovation blog.Or subscribe to my YouTube channel here

Sustainability matters - of course.  You'd have to be living in a bubble not to be aware of the wide-ranging conversation on this theme.  But how to translate the rhetoric - whether it be the UN or EU's sustainable development goals or the aspirational strategies of businesses - into something practical?That's the focus of the IMPACT project which is exploring new ways of putting stakeholders’ values into action and showing how sustainability challenges can unlock innovation.This podcast is an interview with Professor Henning Breuer, project leader of IMPACT and explores the origins and achievements of the programme.You can find out more about IMPACT hereand a transcript of the interview here.If you'd like to explore more innovation stories, or access a wide range of resources to help work with innovation, then please visit my website here.You can find a rich variety of cases, tools, videos, activities and other resources - as well as my innovation blog.Or subscribe to my YouTube channel here

Mexico City, Olympic Games, 1968. The stadium is packed, the wider world looks on via TV coverage. Everywhere there’s an air of expectancy but also an awareness that at such high altitude it’s going to be hard for athletes to beat their best. Records are there to be broken, you have to hope for something special.And in the high jump event they weren’t disappointed. The record for men’s high jump had hovered around 2.23 m for several years. But a young 21-year-old was about to change that; Dick Fosbury, representing the USA broke this with a height of 2.24 m and won the gold medal.  The ‘Fosbury flop’ as it quickly became known opened up new possibilities for the sport; within ten years it had become the dominant mode for all jumpers and helped move the world record to 2.45 m which was set in 1993 by Javier Sotomayor. These days anyone attempting the high jump has come to resemble the ‘fish flopping on the deck of a boat’ as one newspaperman described Fosbury’s Mexico model.What Fosbury’s feat reminds us of is the power of reframing in innovation. Innovation can take place anywhere along a continuum from doing what we do better — incremental — to doing something completely different — radical. And it can cover what we offer the world — product or service — and the ways we create a deliver that offering — process. That gives us plenty to keep us busy in our innovation day.But sometimes we can reframe, look at what we’re doing in a different way, identify novel approaches.You can find a transcript of this podcast hereAnd a video version hereIf you'd like to explore more innovation stories, or access a wide range of resources to help work with innovation, then please visit my website here.You can find a rich variety of cases, tools, videos, activities and other resources - as well as my innovation blog.Or subscribe to my YouTube channel here

Close your eyes and imagine for a moment a computer room in the early days of the industry. Chances are you'll picture large wardrobe-sized metal cabinets whirring away with white-coated attendants tending to the machines. And it won't be long before your gaze lands on the ubiquitous spools of tape being loaded and unloaded. Which might give us a smug feeling as we look at the storage options for our current generation of computers - probably based on some incredibly fast access high-capacity solid state flash drive.But the tape drive hasn't gone away. In fact it's alive and well and backing up our most precious memories. Look inside the huge data farms operated by Google, Apple, Amazon, Microsoft Azure or anyone else and you'll find large computers - and lots of tape. Thousands of kilometres of it, containing everything from your precious family photos to email backups to data from research projects like the Large Hadron Collider.This podcast explores some of the innovation history involved and highlights some lessons for innovation management today.If you'd like to explore more innovation stories, or access a wide range of resources to help work with innovation, then please visit my website here.You can find a rich variety of cases, tools, videos, activities and other resources - as well as my innovation blog.Or subscribe to my YouTube channel here

I'm in love with Chat-GPTAnother innovation song, inspired by an article in the Journal of Product Innovation  Management by Frank Piller and colleagues, in which they put Chat-GPT through its paces as an innovation assistant.  It performed surprisingly well at diverse tasks including search and analysis, trend spotting and idea generation.  Their conclusion was that this technology would work best in hybrid mode - in other words, in a human/AI partnership.  Hence this song!You can find a transcript hereIf you'd like to explore more innovation stories, or access a wide range of resources to help work with innovation, then please visit my website here.You can find a rich variety of cases, tools, videos, activities and other resources - as well as my innovation blog.Or subscribe to my YouTube channel here

How machine learning is transforming the innovation gameMachine learning has its roots back in experiments with ‘artificial intelligence’ in the 1970s but has come to represent a powerful technological trajectory as the idea of mimicking human neural networks and their learning capabilities has been explored.  And now we have generative AI, which does what it says on the tin — generates something new. And this brings the uncomfortable challenge to our perception of ourselves as the only ones capable of creativity — generating novel and useful solutions to challenges.A quick review of the growing literature on ‘artificial creativity’ shows that there are grounds for worrying. Machine learning models can now ‘create’ music, literature or visual art to a standard which makes it increasingly difficult to detect its non-human origin.With the advent of models like Chat-GPT has come the recognition that many fields are likely to be impacted by these developments.  This podcast explores the possible impact on how innovation is undertaken — and by whom.You can find a transcript hereIf you'd like to explore more innovation stories, or access a wide range of resources to help work with innovation, then please visit my website here.You can find a rich variety of cases, tools, videos, activities and other resources - as well as my innovation blog.Or subscribe to my YouTube channel here

What do Mickey Mouse, vacuum cleaners, air travel and light-bulbs have in common? More than you’d think, especially if you look to the originators of those widely different things. All of their innovators spent a great deal of time being knocked back, living through failures and generally struggling to take their ideas forward. None of them have a history of instant success- it was hard work and persistence.So one of the key skills in managing innovation, whether at a personal level or embedded in the way our organizations handle the challenge is going to be perseverance.This podcast explores the theme of perseverance and the importance of pushing through and draws out some lessons for managing innovation to support the process.You can find a transcript hereIf you'd like to explore more innovation stories, or access a wide range of resources to help work with innovation, then please visit my website here.You can find a rich variety of cases, tools, videos, activities and other resources - as well as my innovation blog.Or subscribe to my YouTube channel here