The Innovation Factory

In this episode, we're talking about innovation courage and the leaders who were brave enough to take risks and try something new. From the pioneers who disrupted their industries to the courageous individuals who let go of their past successes to make way for future growth, we'll explore what it takes to innovate and succeed in today's rapidly changing business landscape. Tune in now to learn more!

In this special “Nowruz” episode of the Innovation Factory podcast, I share my years of experience in the field to early stage startups especially in startup acceleration to help you get the most out of a startup accelerator. Don't miss out on this insider knowledge! You can reach me here: https://www.linkedin.com/in/sohailabbasi

Hey there and welcome back to our podcast! Today, we're going to talk about a topic that many entrepreneurs and startup founders struggle with: titles. Specifically, why calling yourself the CEO of your startup might not be the best idea!

Today, we're going to explore the fascinating world of product-market fit and how it relates to the concept of natural selection. We'll dive into how the market acts as a kind of natural selector, weeding out the weaker products and allowing only the best to survive and thrive. It's a topic that's both fascinating and essential for anyone interested in innovation. So, sit back and relax, because we're about to get deep into the philosophical and practical implications of how markets create successful products. Let's connect on LinkedIn: https://www.linkedin.com/in/sohailabbasi

Companies that want to succeed in today's fast-paced business world must be prepared to invest in innovation continuously. This investment requires patience, perseverance, and resources, but it can result in a sustainable competitive advantage. One very important question is when a company should invest in innovation? at what stage? In this episode I answer this question using the S-curve innovation lifecycle and go through several failure and success stories of investing in innovation at different stages and time.

Back in the 1950s, instant mixing technologies had reached new heights, and dry food mixes were filling store shelves. Cake mixes were seen as a great product to target busy homemakers, and food production companies rushed to make huge amounts of cake mixes with a vast variety of tastes and textures.  However, despite big TV ads and commercials, the sales of instant cake powders weren't as good as expected. So there was no choice but to  come up with the best possible solution. As a result, a group of psychologists were asked to help. In this episode of Innovation Factory podcast, We will explore the details of this story  and find out what happened next. So stay tuned! Let's connect on LinedIn: https://www.linkedin.com/in/sohailabbasi/

Have you ever wondered why large companies often struggle to explore new business models and innovate while still exploiting their current business model? Well, It's not an easy task! There are a lot of factors that contribute to this difficulty. In this episode of Innovation Factory, I take a look at why it is so important for leaders to be able to both look back and consider the products and processes made in the past, while also looking ahead and preparing for the innovations that will shape the future. I also talk about how companies like Kodak that don't adapt to the ever-changing world can quickly become outdated and how having the right balance between exploration and exploitation can be the key to staying ahead of the competition. Let's connect on LinkedIn: https://www.linkedin.com/in/sohailabbasi/

In this episode I talk about why investors should not waste their time and energy asking startups about ROI and break even. Also I talk about why they ask such questions in the first place, and finally, How to measure success of investment in a Startup or Innovation project? Let's connect on LinkedIn and talk about this episode here: https://www.linkedin.com/in/sohailabbasi

Climate change is the defining issue of our time and we are at a defining moment. One of the areas where climate change has a dire impact is food production and food security on an unprecedented scale. In this episode I talk about a very important issue that entrepreneurs and innovator should consider to be able to shift the paradigm of investment in climate innovation from Corporate Social Responsibility to Creating Shared Value. Let's connect on LinkedIn: https://www.linkedin.com/in/sohailabbasi

Years ago, I learned from one of my mentors an interesting formula for creating successful innovative solutions and products. It is a simple formula in which the ratio of two important forces is evaluated. Based on the output from the evaluation of these two forces, we can make meaningful decision about a product, service or even a single feature. In this episode I talk about this magic formula and try to give a new and better version of it! Let's connect on LinkedIn: https://www.linkedin.com/in/sohailabbasi/