Are You An Integrated Innovator?

Strategic advances are made when organisations become the first to find a profitable way to exploit new opportunities. These opportunities may be created by changes in customer tastes, technology, economics or other external factors, or, more likely, a combination of...

Innovation: Exploit The Unexpected

Managers value predictability; it gives them a sense of control over external events. In my experience, results that do not match initial expectations are not normally welcomed, and actions are quickly put in place to restore performance to expected levels. Even...

Mind The Gaps

If you are doing little to find solutions to your customers’ unmet, and often unspoken needs, you will be unlikely to transform your business performance. Transformational innovation occurs when a business finds a way to meet a need that customers didn’t know they...

Focus Your Innovation On What Won’t Change

Most companies build their strategy by focussing on the latest market changes and dynamics and extrapolating their impact into the future. But this approach has a big problem. The pace and scale of change in the business and financial environment continues to...

Innovation: Steal, Don’t Imitate

The skill is to make it into something better or different. As TS Elliot once wrote: “Immature poets imitate; mature poets steal; bad poets deface what they take, and good poets make it into something better, or at least something different.” There is nothing new...

Aligning Strategy And Innovation

Innovation is not just about new product development. Most of the innovation literature focuses on the companies that excel in developing new game-changing products and services, but this is only one aspect of innovation. I have written elsewhere that there are five...

The Store That Never Sleeps

I’m in New York this week and went to the Apple Store on 5th Avenue yesterday. If you ever want to get ideas for how you could bring your brand alive, this is a placed great to come. But that’s not the purpose of this post. My big “a-ha” moment came when one of the...

Take The Innovation Scorecard Test

How effective is your organisation at innovation? Why not take my quick innovation scorecard test, and see where your approach to innovation is working and where there is further work for you and your team to do. Simply score yourself and your organisation from 0 to 5...

The Innovator’s Mindset

The chart sets out the three factors that give innovators their ability to drive change where others had simply failed to take action: Passion. Innovators are driven. They want to make a difference to the world and aren’t shy about letting people know about it....

What Would Steve Jobs Do With Your Business?

Sometimes it’s hard to generate new ideas for growth. You need a different way of thinking to make the breakthrough. One technique I use with my clients when developing new growth opportunities is called Brand Takeover. It asks managers to speculate about what would...

Tesco USA: Fresh, But Far From Easy

Is the Tesco management team regretting the implementation strategy for its US business, Fresh & Easy? Yesterday’s reporting of Tesco’s half-year results will do little to silence the analysts and investors who are questioning the performance of this format. I...

Achieving Your Innovation Potential

In most organisations there is a yawning gulf between senior leaders’ rhetoric on innovation and the reality on the ground. As I’ve set out in this chart, the potential for innovation across an organisation is generally far greater than the actual innovation...