Category Archives: Innovation

The Five Gifts of Uncertainty

The Five Gifts of Uncertainty

GUEST POST from Robyn Bolton

“How are you doing?  How are you handling all this?”

It seems like 90% of conversations these days start with those two sentences.  We ask out of genuine concern and also out of a need to commiserate, to share our experiences, and to find someone that understands.

The connection these questions create is just one of the Gifts of Uncertainty that have been given to us by the pandemic.

Yes, I know that the idea of uncertainty, especially in big things like our lives and businesses, being a gift is bizarre.  When one of my friends first suggested the idea, I rolled my eyes pretty hard and then checked to make sure I was talk to my smart sarcastic fellow business owner and not the Dali Lama.

But as I thought about it more, started looking for “gifts” in the news and listening for them in conversations with friends and clients, I realized how wise my friend truly was.

Faced with levels of uncertainty we’ve never before experienced, people and businesses are doing things they’ve never imagined having to do and, as a result, are discovering skills and abilities they never knew they had.  These are the Five Gifts of Uncertainty

  1. Necessity of offering a vision – When we’re facing or doing something new, we don’t have all the answers. But we don’t need all the answers to take action.  The people emerging as leaders, in both the political and business realms, are the ones acknowledging this reality by sharing what they do know, offering a vision for the future, laying out a process to achieve it, and admitting the unknowns and the variables that will affect both the plan and the outcome.
  2. Freedom to experiment – As governments ordered businesses like restaurants to close and social distancing made it nearly impossible for other businesses to continue operating, business owners were suddenly faced with a tough choice – stop operations completely or find new ways to continue to serve. Restaurants began to offer carry out and delivery.  Bookstores, like Powell’s in Portland OR and Northshire Bookstore in Manchester VT, also got into curbside pick-up and delivery game.  Even dentists and orthodontists began to offer virtual visits through services like Wally Health and Orthodontic Screening Kit, respectively.
  3. Ability to change – Businesses are discovering that they can move quickly, change rapidly, and use existing capabilities to produce entirely new products. Nike and HP are producing face shields. Zara and Prada are producing face masks. Fanatics, makers of MLB uniforms, and Ford are producing gowns.  GM and Dyson are gearing up to produce ventilators. And seemingly every alcohol company is making hand sanitizer.  Months ago, all of these companies were in very different businesses and likely never imagined that they could or would pivot to producing products for the healthcare sector.  But they did pivot.
  4. Power of Relationships – Social distancing and self-isolation are bringing into sharp relief the importance of human connection and the power of relationships. The shift to virtual meetups like happy hours, coffees, and lunches is causing us to be thoughtful about who we spend time with rather than defaulting to whoever is nearby.  We are shifting to seeking connection with others rather than simply racking up as many LinkedIn Connections, Facebook friends, or Instagram followers as possible.  Even companies are realizing the powerful difference between relationships and subscribers as people unsubscribed en mass to the “How we’re dealing with COVID-19 emails” they received from every company with which they had ever provided their information.
  5. Business benefit of doing the right thing – In a perfect world, businesses that consistently operate ethically, fairly, and with the best interests of ALL their stakeholders (not just shareholders) in mind, would be rewarded. We are certainly not in a perfect world, but some businesses are doing the “right thing” and rea being rewarded.  Companies like Target are offering high-risk employees like seniors pregnant women, and those with compromised immune systems 30-days of paid leave.  CVS and Comcast are paying store employees extra in the form of one-time bonuses or percent increases on hourly wages.  Sweetgreen and AllBirds are donating food and shoes, respectively, to healthcare workers.  On the other hand, businesses that try to leverage the pandemic to boost their bottom lines are being taken to task.  Rothy’s, the popular shoe brand, announced on April 13 that they would shift one-third of their production capacity to making “disposable, non-medical masks to workers on the front line” and would donate five face masks for every item purchased.  Less than 12 hours later, they issued an apology for their “mis-step,” withdrew their purchase-to-donate program, and announced a bulk donation of 100,000 non-medical masks.

Before the pandemic, many of these things seemed impossibly hard, even theoretical.  In the midst of uncertainty, though, these each of these things became practical, even necessary.  As a result, in a few short weeks, we’ve proven to ourselves that we can do what we spent years saying we could not.

These are gifts to be cherished, remembered and used when the uncertainty, inevitably, fades.

Image credit: Pixabay

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Hyper-Innovation

A Change Management Strategy for Better, Faster Ideas

Hyper-Innovation

GUEST POST from Douglas Ferguson

The nature of innovation is that it is a hyper-fluid force that is never fully predictable. A well-curated change management strategy helps to harness the power of innovative change.

Innovation plays a significant role in driving positive change, as 51% of organizations attribute their success to innovative initiatives, all of whom also experienced an 11% increase in revenue.

In this article, we trace the pathway to innovative change in the following topics:

  • The Plan for Change
  • Designing Strategies for Change
  • An Agile Approach to Transformation
  • Getting Curious About Change

The Plan for Change

In charting a course to bigger and better ideas, a clear change management strategy helps to identify a direct path forward. Creating a thoughtful change management strategy allows you to plan several steps ahead and steer change in your favor.

The most intentional change management strategies focus on proactive change. The following are key elements in creating a proactive path for change:

1. Prepare to Plan

Preparing to create a change management strategy is essentially planning to plan. As you consider the best approach to creating change, take time to map out each step of your strategy. While it may seem more effective to just dive in, remember that intentionality is the name of the game in lasting change.

2. Cultivate Transparency

Many changes are unexpected and unwanted. For this reason, many organizations make the mistake of keeping changes quiet from the rest of the team. However, this type of secrecy can sabotage your organizational transformation.

Make it a point to cultivate a sense of transparency at every level of your organization. By including all parties in your plans for change, you’ll get a head start on driving innovation. When team members feel included in major decisions like a big change, they are more likely to accept and support it going forward.

3. Encourage High Tolerance

Tolerance for change is a muscle that should be exercised. Challenge your team members to fight their resistance to change by sharing the benefits of change. Explaining “what’s in it for me” gives team members a reason to root for change while increasing their tolerance for the unknown.

4. Monitor and Measure 

Just as true change is a long-term endeavor, creating a change management strategy isn’t just a one-time event. Successful strategies for change will never be static, making monitoring and measuring key performance indicators a perpetual part of the change management process.

Design a fluid change management strategy by teaching your team to measure success, monitor potential problems, and resolve issues as efficiently as possible. This way, your strategy for change will evolve according to your needs.

Designing Strategies for Change

A design thinking change management strategy places team members at the heart of a change. This people-first approach to purposeful change lets team leaders curate a strategy with the greatest benefits for all parties involved. At Voltage Control, we explore design thinking as a change management practice to inspire the most innovative ideas, allowing team members to shape new initiatives together.

Apply design thinking to your change management strategy in the following ways:

1. Find the ‘What’ of Change

Design thinking facilitates purposeful change. Shape your change management strategy by determining the “what” of your change to inform your path to the most viable and innovative solutions.

2. Center Empathy

Successful changes tap into our emotions. Design thinking cuts to the heart of a change by prioritizing empathy from the very beginning. Harness empathy in your next change by considering your team members’ mindsets and perspectives before implementing change. Continue to research how all participants will be impacted by a change as you incorporate empathy into your change strategy.

3. Use Divergent Thinking

Employ divergent thinking in your change management strategy. Through a design-centered approach, shape a plan for change that encourages collaborative thinking, integrated innovation, and holistic decision-making.

4. Practice Constant Experimentation

Experimentation is the beating heart of design thinking. Make the strategizing process more tangible by testing new ideas and running experiments to see what works. By testing an idea on a small scale, you’ll be able to make the necessary changes to help shape your initiative for real change.

An Agile Approach to Transformation

An agile approach to change management zeroes in on a faster, more urgent need for transformation. Agile principles offer a valid framework for transformation. Agile is tailor-made for systemic problem-solving, allowing team members to find the most groundbreaking solutions to the most persistent problem.

According to Carie Davis, a corporate innovation specialist, inventing new methods for problem-solving is the key to driving innovative change. Regardless of how powerful an initial initiative is, lasting change won’t take hold until it truly transforms an organization. For this reason, Davis suggests that businesses initiate long-term shifts by starting small and by making little changes at the core of the company. These smaller changes are a key part of Agile change management strategy and are instrumental in catalyzing lasting transformation.

Consider applying agile methodology to your change strategy in the following ways:

1. Go Lean

  • Focus on a change strategy that provides increased value and positive change. Going lean allows for rapid transformation by limiting factors that waste resources, energy, and time.

2. Practice Continuous Improvement

  • Agile champions continuous improvement through small changes over time. These small changes lead to the most significant shifts.

3. Encourage Employee Authorship

  • Innovative change doesn’t happen with a top-down approach. Create an agile-informed change management strategy by bringing your employees into the decision-making process. This way, all team members can determine the most pressing areas for improvement and make meaningful contributions as they work together to co-create the next change.
  • 4. Practice Reflective Improvement 

  • In shaping a change management strategy to grow with your organization, practicing reflective improvement guarantees consistent long-term change. Regularly evaluate your organization’s performance and initiatives as you continue to shape your change management strategy into a better, leaner plan.
  • Getting Curious About Change

    In designing the most innovative change management strategy, don’t forget to consider a sense of curiosity. Thrive through change and drive innovation by cultivating a curious desire to be better than ever.

    Research shows that curiosity allows us to welcome new experiences with less defensiveness and aggressiveness. By responding to the unknown in uniquely positive and inquisitive ways, your teams can dream up the most imaginative solutions on their path to lasting change.

    In addition to helping teams accept change, facilitating a sense of curiosity is an essential component in designing an innovative workplace. In creating a culture of curiosity, you’ll encourage team members to become change agents themselves. With a desire to learn more, be more, and do more, you’ll be able to reframe the potential pitfalls of change and the fears that come with it as an opportunity to get better and better.

    Innovation and change are infinitely interconnected. Harness the power of both by designing a change management strategy that continues to transform your organization in the best ways possible. Explore our offerings to learn more about taking change management to the next level.

    Image credit: Pixabay

    Article first seen at VoltageControl.com 

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    The Downside of Likemindedness

    The Downside of Likemindedness

    GUEST POST from Rachel Audige

    You know that extra buzz of care you feel for people like you? That might be you caught up in like-mindedness bias. We have a tendency to seek out people like us and ideas like our own. That may be just fine but let’s not kid ourselves that it fosters new thinking!

    It’s hard not to enjoy kindred spirits. There is something very comforting about spending time with people who share similar values and desires, but I tire of meetings and work situations where people speak of the pleasure of being with folk like them:

    “It is so good to be amongst like-minded people,” I heard in a local business meeting that I attend to be challenged.

    “An event for the like-minded,” is supposed to attract us to an innovation event.

    “Feeling like meeting like-minded women over lunch?” says an invitation I receive in my inbox.

    We welcome people, but the sub-text is that they need to ‘be like us’. “There is nothing wrong with you as long as you look like, think like, act like, lead like, advance like, decide like, keep time like, create like, socialize like and consume like us,” writes Nancy Kline in More Time To Think.

    It is a bias at large in the workplace and, indeed, in most other places. We just seem to want to self-replicate.

    More pervasively, even social media algorithms nourish this thinking and feedback to us only the ideas and world views that we have ‘liked’. The result is that our own narrow views are played back to us in a mind-narrowing echo chamber. This is not an innovative ecosystem, it’s more like an echo- system where our own thoughts and ideas are reflected back at us.

    This is not an innovative ecosystem, it’s more like an echo- system where our own thoughts and ideas are reflected back at us.

    I believe this obsession with like-mindedness stems from a range of factors including:

    ▶ A fear of being different. Our desire to fit in and belong is usually greater than our willingness to stand out.

    ▶ A false idea of mateship that tells us we can only be ‘mates’ if we get on. We see this a lot in countries like Australia and New Zealand.

    ▶ Avoidance of conflict. In organizations where we are not encouraged to challenge the leadership or each other, some will choose to behave as though they agree to avoid any negative consequences.

    ▶ Fear of rejection. This is the people-pleasing side where people show agreement whether they agree or not.

    ▶ Need for Approval. This is very apparent in many large corporations and can lead to a passive/defensive culture in an organization. It may be amplified by the fact that for many the HiPPO (the bias where we defer to the Highest Paid Person’s Opinion) is offshore and there is a sense that we need to walk the corporate line.

    ▶ And lastly, what Nancy Kline would see as an untrue limiting assumption, that someone else’s divergent thinking ‘does not count’; a sense that we are—or our thinking is—superior.

    “When we all think alike, there is little danger of innovation” — Edward Abbey

    I don’t believe that like-mindedness is conducive to innovative thinking or the best decision making. I have sat on a board where the CEO and Chair were so close they did not call each other out on important matters. I have also been in a team where the Head of Sales and Head of Marketing were being told they should agree of things when I was convinced that each of them was likely to be more effective if they represented their divergent take on the customer, strategy and long-term versus short-term priorities.

    A CREATIVE CULL

    The like-mindedness bias not only impoverishes thinking but excludes those who are ‘un-like’ us in a variety of ways. Some expressions of this like-mindedness bias and its consequences that I have witnessed with regards to creative thinking are:

    ▶ Groups that place too much value on similarity and getting on. As a result, they are less likely to bring divergent thinking into the room. They may then consciously — or unthinkingly — not invite those who we believe are not ‘like them’. I have seen this lead to ideas that are less rich and less inclusive of a diverse range of views where I had to speak up for the absent (needless to say, I also had blinkers and would have left people out).

    ▶ Countless idea generation sessions where we have not consciously asked the question: who does this idea exclude? We tend to be very good at looking for benefits and challenges but many workshops have fallen into the trap of the mythical notion of ‘one size fits all’. This could exclude any number of people.

    ▶ I recall a meeting where a panel was seeking creative ideas around addressing the disproportionately low number of women positions of power in Australian businesses. Incredibly, only two men were in a room of over 100 women. This was unlikely to bring the most creative ideas or engage those that needed to be part of the conversation.

    ▶ Conversely, I have run a roundtable explicitly for people living with disability and upset a person who was hard of hearing and was seated at the back of the room, unable to lipread. Albeit unintentional, we need to watch out for ‘micro-aggressors’; those (seemingly) little things that remind people that the world wasn’t built for them. We talk a lot about ‘scalability’ in innovation. But how can we see something as truly scalable if we are leaving out about 15% of the population?

    Most of us have been in a meeting — creative or otherwise — where the unwritten rule involves sacrificing more challenging, disruptive ideas for consensus and groupthink. In a creative session, if my goal is to get on with another person, I am unlikely to improve on their ideas. I am also unlikely to contradict them. This leads to a lowest common denominator effect whereby we settle on what is agreeable to all.

    If we are not pushing each other for better, we are likely to stop at safe, possibly ‘vanilla’ concepts. This erodes our creative edge and our point of difference. Nancy Kline clearly sees the danger: “We worship at the altar of homogeneity. Actually, we sacrifice there… Homogeneity sounds so nice. Same, comfortable, familiar, predictable. But it is ruthless. And it infects even our conception of how to slay it.”

    The most helpful way of exploring the many negatives of the like-mindedness bias and its impact on innovation is to highlight the value of its opposite…

    DIVERSITY | DIVERGENT THINKING | INCLUSION and UNIVERSAL DESIGN

    One of the most powerful measures to keep most biases in check is to invite diversity, divergent thinking and actively foster inclusion.

    Mid-Covid-19 discussions in Australia, I was delighted to hear Chief Medical Officer Brendan Murphy’s response to a question about whether he agreed with the different stakeholders involved in making wellbeing decisions. He replied that it was preferable for them not to agree and that their decisions would be better for it.

    Diversity is manifesting an understanding that each individual is unique and recognising individual differences. These differences may be in ethnicity, gender, sexual orientation, socio-economic status, age, physical abilities, religious beliefs, political beliefs or other ideologies. As Kline states: “The mind works best in the presence of reality. Reality is Diverse.”

    ‘Diversity’ has been part of the business vernacular for years now. Diversity is the mix. What matters is how we make this mix work once we combine different backgrounds, vocabularies, paradigms and processes. That’s inclusion. Not getting this right can whitewash creativity and, potentially, undermine the inclusiveness of any creative output.

    Dr Jennifer Whelan, founder of Psynapse, offers a simple illustration of why diversity is preferable. Whelan describes two rooms. In the first room, you see people just like you; people who share the same language, skin colour, gender and even background. You can relax, these are ‘your kind of people’. You can build rapport, make assumptions, enjoy high levels of certainty. It feels efficient.

    But there are risks to this, warns Whelan: “Too much agreement means we don’t consider alternative solutions, or discuss a broader range of ideas. We are at risk of groupthink and biases because we don’t have a fresh set of eyes on how we’re thinking. We don’t feel challenged so we go with the easier option and stick with tried and tested solutions. While some of the routine things we do at work might not suffer, when it comes to some of the more challenging things, this room acts as an echo chamber.”

    In the second, you open the door to a room full of people who are both different to you and to each other. In this room, you’ll have to bring your A-game. You’ll need to listen more attentively and be better prepared.

    “This second room doesn’t feel as comfortable as the first room. You have to work a lot harder and the outcome might not be as predictable,” says Whelan. However, this room has many potential upsides. This is likely to be a space which is more conducive to creativity. A place where more varied ideas are aired, less shortcuts are made and people are more likely to notice what might otherwise be overlooked.

    Room one is more comfortable but it is less well equipped for creative thinking and is more prone to biases, errors and assumptions.

    “Getting more comfortable in room two, the diverse room, is the goal of inclusion and, without inclusion, room two can risk higher levels of conflict. Different perspectives and ideas aren’t explored without an open, curious mind, so the team’s diversity can go to waste,” says Whelan.

    So, what can we do to counter the like-mindedness bias to disinvest in sameness and think more inclusively and creatively and ‘make the mix work’ in our innovation?

    My experience of corporate innovation workshops and idea generation sessions is that we focus on desirability, feasibility and viability but forget to ask the question: Who am I excluding?

    It strikes me that we need to overlay—or better, underpin— all our creative thinking and work on new product and service design, process enhancement by this consideration and constantly strive to iron out the kinks to make whatever we are creating as inclusive as possible.

    We also need to include universal design principles in our idea generation criteria: is it equitable? Flexible? Simple and intuitive? Is information perceptible? Is there a tolerance for error? Does it require low physical effort? Is the size and space adequate for approach and use? Who might this idea exclude? If we want to dial up our creative outputs, we need more divergent inputs. We need to actively seek out or create places where we will encounter different-minded people; divergent thinking and diverse group identities.

    As Brené Brown says: “Daring leaders fight for the inclusion of all people, opinions and perspectives because that makes us all better and stronger.

    “That means having the courage to acknowledge our own privilege and staying open to learning about our biases and blind spots.”

    NOTHING KEEPS BIAS IN CHECK LIKE INCLUSIVE DIVERSITY

    Whatever we are creating, we shouldn’t be considering difference after the fact. Literally — and metaphorically — we need to come up with ideas, systems, processes, designs, websites, buildings…where each and every person can enter through the front door.

    I work on a simple premise that innovation should be geared towards making our lives better. When this view is shared, diversity really needs to be front and centre of any initiative. Online and off, we need to follow the thinking of the likes of Todd Rose, co- founder and president of non-profit Project Variability, who challenges the ‘myth of the average’ and recommends that we ‘design to the edges’ and optimise our processes, structures, systems, products and communication for the full range of human characteristics, traits, abilities and interests.

    I have always found that my ideas can be improved and sharpened by people who think differently. As long as I listen to those voices with respect and interest — and genuinely contemplate the ideas of others.

    I am convinced that we think better and are more likely to look at things from more angles with different perspectives in the room. This is why the best idea generation happens with multidisciplinary, cross-functional, cross-ability groups.

    I’m not scared of a ‘clashing’ of ideas and debate. It keeps me sharp and it keeps me grounded. It keeps complacency at bay. It leads to more meaningful outcomes. I am conscious that my comfort with conflict may be another person’s discomfort.

    Even when I’m overly partial to an idea, I try to think inclusively and not defensively, I try to make a point of inviting diverse voices to pipe up. Being challenged is a necessary part of the creative process. We need to embrace the discomfort.

    Whatever we are creating, we shouldn’t be considering difference after the fact. Literally — and metaphorically — we need to come up with ideas, systems, processes, designs, websites, buildings… where each and every person can enter through the front door.

    If you are interested in overcoming biases to enhance your innovation effectiveness, check out: “UNBLINKERED: The quirky biases that get in the way of creative thinking…and how to bust them” at www.rachelaudige.com

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    Ten Ways to Make Time for Innovation

    Ten Ways to Make Time for Innovation

    GUEST POST from Nick Jain

    Although the average American works 8.8 hours per day, most employees deliver peak productivity just 3 to 4 hours a day. Knowing this, you and your team can experiment with different time management strategies to maximize your peak hours. This will elevate ideation and the quality of work completed on your latest projects.

    There is no one-size-fits-all solution to time management, so each team member must identify what works best for them. A mix of the tips below will help.

    1. Know Your Most Productive Times of Day

    In addition to delivering peak performance in just 3 to 4 hours per day, you also have a time of day that you are the most productive. For some people this is first thing in the morning, for others it’s mid-day, and for some, it’s late in the day.

    So, schedule your most pressing tasks, most creative tasks, or most challenging tasks during this time.

    2. Create a Daily To-Do List

    Even if it’s not an everyday occurrence, unexpected obligations will arise. So, knowing that you will deliver your essential to-do list items within a maximum of 4 hours—schedule your time accordingly.

    This is easier said than done, as your to-do list may be lengthy, which takes us to the next time management tip.

    3. Know Your Priorities

    Once you create your to-do list, prioritize the items on the list. Utilizing the Franklin Covey A, B, C system may be helpful. Or utilize another planner system.

    Assign a letter next to each task to indicate its level of priority:

    • A = Must be done—Critical
    • B = Should be done—Important
    • C = Could be done—low value
    • D = Waste—No value—delegate

    At the end of each day, assess whether you have completed all of your “A-list” items. Don’t beat yourself up if you haven’t, as the objective is to learn what you can realistically achieve during your high-productivity times.

    4. Delegate

    The “D” above is delegate and most leaders could be doing a much better job of delegating. If it can be done by someone else, let it go. Or delegate portions of a project. For example, gathering research and data.

    Who do you delegate to? Ideally, someone who excels at the task you are taking off your plate. Also, consider delegating to external experts. When everyone does what they do best, everyone is more fulfilled—and the outcomes are elevated.

    5. Time Block Instead of Multitasking

    While it might sound like multitasking allows you to get more done, it actually leads to decision fatigue. Decision fatigue is one of the reasons peak performance fades. It’s the concept that you only have a limited number of high-quality decisions you can make each day. If you continue trying to innovate or make major decisions after your peak-time, the decisions may not be as sound or as creative. Over time, decision fatigue leads to exhaustion, overwhelm, stress, and anxiety.

    Time blocking is the concept of optimizing your peak-time by focusing solely on one task without interruptions of any kind. This means no phone calls, emails, or smartphone use—just hyperfocus on the task at hand. Further optimize this time by limiting it to 3 to 4 hours and blocking your time at your most productive time per day.

    6. Unplug Throughout the Day

    Unplugging while you time block eliminates distractions. Unplugging is challenging, as the average American checks their phone 96 times per day, which is once every 10 minutes. In terms of time, this results in an average of almost 5.5 hours of smartphone use per day. Yes, much of this is for work, but it’s for personal use too.

    In addition to unplugging during your peak-time and while time blocking, unplug at other strategic times during the day.

    For example:

    1. During team and client meetings.
    2. During one-on-one conversations.
    3. At dinner with family and friends.
    4. An hour or so before bed.
    5. The first hour or so of the day.
    6. For blocks of time over the weekend.

    Also, consider turning off all work-related notifications on the weekends or using an app to manage personal and professional contacts during your time off.

    7. Task Batch

    Task batching is the process of completing similar tasks at the same time, including both peak-time and off-peak time tasks. For example, many highly productive people only respond to emails 3 or 4 times per day, instead of as every email comes in. This might be first thing in the morning, at lunch, and at the end of the day.

    Or a marketing professional may create all of their social media content for the next 7 days in one setting, instead of creating one post every day.

    Task batching can also get you in the zone.

    8. Think on It

    There are always deadlines and decisions that can’t wait, but not every decision should be made in the moment. When you can, give it a day or two, particularly if it’s something that requires creativity. Then, schedule brainstorming solo or with your team during your peak productivity time.

    9. Take Your Breaks

    More time doesn’t always equal more productivity. While you may be able to push through to get more done, pushing through isn’t sustainable. Even a 10- or 15-minute break provides the following benefits:

    1. Value alignment
    2. Increased productivity
    3. Improved mental health
    4. Improved well-being
    5. Increased job satisfaction
    6. Restored focus and attention
    7. Minimized decision fatigue
    8. Increased creativity
    9. And more

    For your break to be effective, you must unplug from work and ideally leave your desk. It’s even better if you take a walk, do something active, or have a social non-work-related lunch.

    10. Utilize a Time-Management Rule

    In addition to taking your daily lunch break and a 10-minute break or two, consider these scientifically proven time management strategies:

    • 30/30/30 rule — this is the concept of spending 30% of your workday working, 30% teaching and developing your team, and 30% in self-development.
    • 52/17 rule — this is the concept of working for 52-minutes, followed by a 17-minute break. Set a timer, even if it’s closer to 60/20 instead of 52/17.

    Last but not least, don’t schedule every minute of your day. When you can, pre-schedule at least a few open blocks of time each week. This time can be dedicated to projects that unexpectedly take more time than designated—or to innovations that arise along the way!

    Image Credit: Unsplash

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    Will CHATgpt make us more or less innovative?

    Will CHATgpt make us more or less innovative?

    GUEST POST from Pete Foley

    The rapid emergence of increasingly sophisticated ‘AI ‘ programs such as CHATgpt will profoundly impact our world in many ways. That will inevitably include Innovation, especially the front end. But will it ultimately help or hurt us? Better access to information should be a huge benefit, and my intuition was to dive in and take full advantage. I still think it has enormous upside, but I also think it needs to be treated with care. At this point at least, it’s still a tool, not an oracle. It’s an excellent source for tapping existing information, but it’s (not yet) a source of new ideas. As with any tool, those who understand deeply how it works, its benefits and its limitations, will get the most from it. And those who use it wrongly could end up doing more harm than good. So below I’ve mapped out a few pros and cons that I see. It’s new, and like everybody else, I’m on a learning curve, so would welcome any and all thoughts on these pros and cons:

    What is Innovation?

    First a bit of a sidebar. To understand how to use a tool, I at least need to have a reasonably clear of what goals I want it to help me achieve. Obviously ‘what is innovation’ is a somewhat debatable topic, but my working model is that the front end of innovation typically involves taking existing knowledge or technology, and combining it in new, useful ways, or in new contexts, to create something that is new, useful and ideally understandable and accessible. This requires deep knowledge, curiosity and the ability to reframe problems to find new uses of existing assets. A recent illustrative example is Oculus Rift, an innovation that helped to make virtual reality accessible by combining fairly mundane components including a mobile phone screen and a tracking sensor and ski glasses into something new. But innovation comes in many forms, and can also involve serendipity and keen observation, as in Alexander Fleming’s original discovery of penicillin. But even this requires deep domain knowledge to spot the opportunity and reframing undesirable mold into a (very) useful pharmaceutical. So, my start-point is which parts of this can CHATgpt help with?

    Another sidebar is that innovation is of course far more than simply discovery or a Eureka moment. Turning an idea into a viable product or service usually requires considerable work, with the development of penicillin being a case in point. I’ve no doubt that CHATgpt and its inevitable ‘progeny’ will be of considerable help in that part of the process too.   But for starters I’ve focused on what it brings to the discovery phase, and the generation of big, game changing ideas.

    First the Pros:

    1. Staying Current: We all have to strike a balance between keeping up with developments in our own fields, and trying to come up with new ideas. The sheer volume of new information, especially in developing fields, means that keeping pace with even our own area of expertise has become challenging. But spend too much time just keeping up, and we become followers, not innovators, so we have to carve out time to also stretch existing knowledge. But if we don’t get the balance right, and fail to stay current, we risk get leapfrogged by those who more diligently track the latest discoveries. Simultaneous invention has been pervasive at least since the development of calculus, as one discovery often signposts and lays the path for the next. So fail to stay on top of our field, and we potentially miss a relatively easy step to the next big idea. CHATgpt can become an extremely efficient tool for tracking advances without getting buried in them.

    2. Pushing Outside of our Comfort Zone: Breakthrough innovation almost by definition requires us to step beyond the boundaries of our existing knowledge. Whether we are Dyson stealing filtration technology from a sawmill for his unique ‘filterless’ vacuum cleaner, physicians combining stem cell innovation with tech to create rejection resistant artificial organs, or the Oculus tech mentioned above, innovation almost always requires tapping resources from outside of the established field. If we don’t do this, then we not only tend towards incremental ideas, but also tend to stay in lock step with other experts in our field. This becomes increasingly the case as an area matures, low hanging fruit is exhausted, and domain knowledge becomes somewhat commoditized. CHATgpt simply allows us to explore beyond our field far more efficiently than we’ve ever been able to before. And as it or related tech evolves, it will inevitably enable ever more sophisticated search. From my experience it already enables some degree of analogous search if you are thoughtful about how to frame questions, thus allowing us to more effectively expand searches for existing solutions to problems that lie beyond the obvious. That is potentially really exciting.

    Some Possible Cons:

    1. Going Down the Rabbit Hole: CHATgpt is crack cocaine for the curious. Mea culpa, this has probably been the most time consuming blog I’ve ever written. Answers inevitably lead to more questions, and it’s almost impossible to resist playing well beyond the specific goals I initially have. It’s fascinating, it’s fun, you learn a lot of stuff you didn’t know, but I at least struggle with discipline and focus when using it. Hopefully that will wear off, and I will find a balance that uses it efficiently.

    2. The Illusion of Understanding: This is a bit more subtle, but a topic inevitably enhances our understanding of it. The act of asking questions is as much a part of learning as reading answers, and often requires deep mechanistic understanding. CHATgpa helps us probe faster, and its explanations may help us to understand concepts more quickly. But it also risks the illusion of understanding. When the heavy loading of searching is shifted away from us, we get quick answers, but may also miss out on the deeper mechanistic understanding we’d have gleaned if we’d been forced to work a bit harder. And that deeper understanding can be critical when we are trying to integrate superficially different domains as part of the innovation process. For example, knowing that we can use a patient’s stem cells to minimize rejection of an artificial organ is quite different from understanding how the immune system differentiates between its own and other stem cells. The risk is that sophisticated search engines will do more heavy lifting, allow us to move faster, but also result in a more superficial understanding, which reduces our ability to spot roadblocks early, or solve problems as we move to the back end of innovation, and reduce an idea to practice.

    3. Eureka Moment: That’s the ‘conscious’ watch out, but there is also an unconscious one. It’s no secret that quite often our biggest ideas come when we are not actually trying. Archimedes had his Eureka moment in the bath, and many of my better ideas come when I least expect them, perhaps in the shower, when I first wake up, or am out having dinner. The neuroscience of creativity helps explain this, in that the restructuring of problems that leads to new insight and the integration of ideas works mostly unconsciously, and when we are not consciously focused on a problem. It’s analogous to the ‘tip of the tongue’ effect, where the harder we try to remember something, the harder it gets, but then comes to us later when we are not trying. But the key for the Eureka moment is that we need sufficiently deep knowledge for those integrations to occur. If CHATgpt increases the illusion of understanding, we could see less of those Eureka moments, and the ‘obvious in hindsight ideas’ they create.

    Conclusion

    I think that ultimately innovation will be accelerated by CHATgpt and what follows, perhaps quite dramatically. But I also think that we as innovators need to try and peel back the layers and understand as much as we can about these tools, as there is potential for us to trip up. We need to constantly reinvent the way we interact with them, leverage them as sophisticated innovation tools, but avoid them becoming oracles. We also need to ensure that we, and future generations use them to extend our thinking skill set, but not become a proxy for it. The calculator has in some ways made us all mathematical geniuses, but in other ways has reduced large swathes of the population’s ability to do basic math. We need to be careful that CHATgpt doesn’t do the same for our need for cognition, and deep mechanistic and/or critical thinking.

    Image credit: Pixabay

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    The Innovator’s Dilemma of Elon Musk

    The Innovator's Dilemma of Elon Musk

    GUEST POST from Robert B. Tucker

    I once asked Elon Musk if he ever felt he was spreading himself too thin. This was years ago when we were both speakers at the Economist Innovation Conference at U.C. Berkeley’s Haas School of Business.

    Musk had already gained a reputation for being a serial entrepreneur, and for an incredible work ethic. Seventy hour weeks were not uncommon. But Musk waved off my question. He mumbled something about capacity being a state of mind. And over the years since, he’s proven that point true.

    But now Musk is under fire right now from all sides for spreading himself too thin. He’s created disarray at Twitter. His flagship company, Tesla, faces multiple challenges. Would-be car buyers and stockholders are fleeing. He’s destroyed billions with his Trumpian antics and unforced errors. His capacity to right the ship is in doubt.

    For over 30 years I have interviewed and studied innovators like Musk, seeking the secrets of their success. I’ve attempted to distill the essence of what it takes to play the long game as an innovator. And I’ve reported on the rewards and the pitfalls, the successes and the messes, of playing the innovation game.

    Through it all, I have tried to answer fundamental questions about this rare and special breed: Entrepreneurs start up new businesses. Visionaries envision a different future. Inventors invent, and manufacturers make. But innovators like Musk put all the pieces together. They turn visions into reality. In the words of innovation expert Gifford Pinchot, “Innovators are dreamers that do.”

    Of all the practical dreamers that I have interviewed and studied, Musk’s accomplishments stand out. He has disrupted every industry he’s entered: money transfer with PayPal, renewable energy with SolarCity, electric vehicles and batteries with Tesla, space entrepreneurship with SpaceX.

    Musk and his ilk do society a big favor. They encourage us to assault our assumptions about what is possible: personal, organizational, cultural, industry and even planetary assumptions. “There’s got to be a better way,” they seem to say to the world, and then they proceed to go out and find it. By asking different questions they upend conventional wisdom and create new value and wealth. They open new opportunities for others to prosper and benefit from.

    But now Musk’s magic seems to have run out. His foolish behavior has evaporated billions of dollars of investors wealth. He seems to have lost his bearings. But Musk’s contribution to the field of innovation will long remain. And based on this track record, he may yet pull a rabbit out of his hat at Twitter, although at this writing it seems doubtful.

    One of Musk’s success strategies is that he is an avid reader. He began devouring encyclopedias at a young age. Asked by a reporter how he knows so much, he replied: “I read books.” He draws ideas from everywhere, and he applies those ideas to his many endeavors.

    Musk named his car after Nikola Tesla, but it was from Tesla’s nemesis, Thomas Edison, that Musk drew some of his best ideas. Edison didn’t just invent the electric light bulb, he created the first electric company, General Electric, and sent salespeople door to door extolling the safe installation and many benefits of electricity giving wary homeowners a complete solution to their problem. Similarly, Musk thought ahead of the curve and built super-charging stations around the country that offer a complete solution to electric car owners. Today they are the envy of late-adopters just now entering the EV market.

    For all his success, or because of his phenomenal success, there is one area that Musk has not been able to master. It is the successful innovator’s biggest dilemma: hubris – excessive pride and self-confidence that leads one astray. And why not? With 66 million loyal followers on Twitter, and with a $340 billion net worth (until he himself began destroying it), it would be hard for any human being to avoid thinking that capacity is merely a state of mind.

    In Greek mythology, Icarus was a youth who attempted to escape from Crete with wings he fashioned of wax and feathers. Apparently, he was having such a go of it that he flew so high that his wings melted from the heat of the sun. He suddenly plunged to his death in the sea.

    Musk seems to be on a similar trajectory just now. Not from the heat of the sun but from the glare of the fandom spotlight. Let us hope that he lands back on the ground with the deftness of one of his rockets.

    This article originally appeared in Forbes
    Image credit: Pixabay

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    Getting Through Grief Consciously

    Getting Through Grief Consciously

    GUEST POST from Tullio Siragusa

    Life brings opportunities, happiness, and skyrocketing success when we decide to live it fully and without fear. Along with that, we will face challenging times that will cause us to grieve.

    Globally, we are all facing a form of grief right now. Be it the loss of a loved one to Covid-19, or the loss of our free way of life — grief is all around us. Before this pandemic that we are experiencing collectively, you may have suffered the loss of loved ones for other reasons, or you may have gone through a divorce, a breakup, the loss of a friendship, or the loss of a pet.

    There are many forms of loss. You can experience loss of money, your job, reputation, your faith, health, and even loss of hope.

    “Loss is a normal part of life and grief is part of the healing process if we learn to face it with grace.”

    To get through grief with grace it’s ideal to face it with the help of others, but for the most part you have to get through it alone. We are privileged to have family, friends, spiritual direction, therapists, life coaches and other support groups around us, but healing grief is essentially between you and yourself.

    “In time of grief you need to embrace yourself, love yourself and cure yourself.”

    It is easier said than done, but there is truly no other way around grief than to face it fully on your own, courageously, vulnerability and with grace.

    Importance of Grace

    We all, at some point in our lives, have felt as if we reached our breaking point, but eventually we wake up to the desire to not be broken for rest of our lives. For instance, while going through hard times we are not always acting our best selves. Harsh words are often exchanged with others out of the need to “dump the pain” on someone else to feel some sense of relief. After doing that, we often feel guilty about it and apologize.

    It is not bad to apologize, but losing your temper and saying things you normally would not say can not only tarnish your image, but can scar someone badly enough that you lose their trust for a long time, and sometimes forever.

    “When you manage your emotions while grieving, you hold on to grace, and grace is the energy of mercy for yourself and others.”

    Our personality gets groomed with every pain we overcome. If we walk through life’s journey with a mindset that everything happens for a reason, and everything happens to teach us something new, then every challenging time becomes an opportunity to add strong positive and graceful traits to our personality.

    The people who learn to manage their emotions during the toughest times without falling apart, add an unprecedented trait of composure, grace and an emotionally intelligent personality.

    How to Get Through Grief with Grace

    First, you need to fully acknowledge that grief is normal. It is not a disease. It is not a sign of weakness, or lack of emotional intelligence.

    Our human body and mind is built to respond to situations. When we lose something, or someone precious, grief comes knocking. Trying to avoid that grief is not the right way to get over it. The best way to deal with grief is to embrace it and get through it.

    One of my spiritual teachers used to say: “The only way to get to the other side of hell, is one more step deeper into it, that is where the exit door is waiting for you.”

    “In order to grieve with grace, we need the courage to face loss as normal as anything else we experience in life.”

    I know people who have avoided facing the loss of their loved ones for years, but ultimately, they had to go through it and face it. Grief will come for you no matter what, so why postpone it?

    The foremost thing to handle any tough situation is to develop gratitude for all those blessed situations in your life that make it beautiful. No doubt, feeling gratitude while grieving is almost impossible, but if you develop a habit of being grateful on a daily basis, it becomes possible to feel it even during tough times.

    If you are going through grief, find a peaceful place away from all those people reminding you of the loss, and try to connect to any happy moment you can recall. Feel that moment in your heart. Hold on to that feeling as long as possible and write it down later.

    Whenever you feel broken, be mindful of such moments. You will soon be able to tap to a comparatively happy person inside you, anytime you need to.

    “The way to develop your grace muscle is to live daily with gratitude and make a mental library of the happy moments in your life that you can borrow against, during difficult times.”

    We have been living in a time in history void of pain. We are constantly seeking happiness and running from pain and suffering. Now we are being forced to face pain, suffering, uncertainty, and loss.

    There are blessings inherent within loss and suffering. The blessings are always revealed on the other side of grief, and it is always hard to believe that the blessing is happening amidst grief and pain. However, if you look back in your life at the moments that defined you, the moments when you experienced the most Light, the most blessings — it was soon after your darkest hours.

    “When we move through the process of grief believing in our ability to grow from the experience, we become more aware of the blessings in disguise that will come out of it.”

    A sense of serenity can be achieved through releasing the pressure of the expectations of a set pattern for your life. There comes a moment when it is better to embrace what you can’t change, and develop the courage to strive for what you can.

    “Acknowledging your capacities and the difference between what you can and what you can’t control, will make it easier to go through grief.”

    What I am talking about is the power of surrendering to what is, instead of holding on to what could have been. For most people, grace is among the most precious trait of their personality and behavior.

    If you have lost something or someone precious that is an irreparable loss, it is important to take care of yourself during those testing times. Remember that all chaos comes with an expiration date, and to surrender to the change you need to make to keep moving forward.

    Remember the blessings in your life, be grateful for what is, has been, and will be, and be patient with yourself.

    NOTE: For all those who have lost loved ones during the Covid-19 pandemic and have not been able to properly say goodbye, I wish that their memory be a blessing in your life.

    Image credit: Pexels

    Originally published at tulliosiragusa.com on April 27, 2020

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    99.7% of Innovation Processes Miss These 3 Essential Steps

    99.7% of Innovation Processes Miss These 3 Essential Steps

    GUEST POST from Robyn Bolton

    Congratulations! You developed and are using a best-in-class Innovation Process.

    You start by talking to consumers, studying mega-trends, and scanning the globe for emerging technologies and disruptive offerings.

    Once you find a problem and fall in love with it, you start dreaming and designing possible solutions. You imagine what could be, focused on creating as many ideas as possible. Then you shift to quality, prioritizing ideas that fit the company’s strategy and are potentially desirable, viable, and feasible.

    With prioritized ideas in hand, you start iterating, an ongoing cycle of prototyping and testing until you confidently home in on a solution that consumers desire, is technically feasible, and financially viable.

    But you don’t stop there! You know that ideas are easily copied by innovative business models are the source of lasting competitive advantage, so you think broadly and identify financial, operational, and strategic assumptions before testing each one like the innovation scientist you are.

    If (and when) a solution survives all the phases and stage gates and emerges triumphant from the narrow end of the innovation process, there is a grand celebration. Because now, finally, it is ready to go to market and delight customers.

    Right?

    Wrong.

    The solution’s journey has only just begun.

    What lies ahead can be far more threatening and destructive than what lies behind.

    Unless you planned for it by including these three steps in your innovation process.

    1. Partnership with Sales

    During testing, you ask consumers to give feedback on solutions. But do you ask Sales?

    Salespeople spend most of their time outside the office and in stores, talking to customers (e.g., retailers, procurement), consumers, and users. They see and hear what competitors are doing, what is working, and what isn’t. And they will share all of this with you if you ask.

    When I ask why innovation processes don’t include Sales, I hear two things (1) “it’s too early to talk to Sales” and (2) “they always tell us the same thing – it’s too expensive.”

    First, if you have a concept (or two or three) with a 50/50 shot of going to market, call a few Salespeople and ask for their reactions. Nothing formal, no meeting required—just a gut reaction. And once you get that, ask when they’d like to talk again because their perspective is essential.

    Second, “too expensive” should never be the end of the conversation. It’s one piece of feedback, ask follow-up questions to understand why it’s too expensive, then ask, “What else?”  There’s always more, and some of it is useful. Plus, better to hear it now than months or years from now at the launch announcement.

    2. Relay with Operations

    Most companies have a process between the end of the innovation process and shipping the new offering. It’s where sourcing, manufacturing, shipping, inventory management, contracting, and many other crucial and practical decisions and plans are made.

    Also, at most companies, the “transition” from the innovation process to the operational process is akin to chucking something over a wall. “Here you go,” Innovation seems to say, “we proved this will be a big business. Now go make it happen!”

    Unfortunately, Supply Chain, Manufacturing, and everyone else affected usually stand on the other side of the wall, solution in hand, mouth agape, eyes wide, thinking, “Huh?”

    Instead of an abrupt hand-off, the Innovation Process needs to identify when the relay-style hand-off starts, and Innovation and Operations run side-by-side, developing, adjusting, and honing the solution.

    3. Hand-off to the Core Business

    The hand-off to the Core Business is the most precarious of all moments for an innovation. The moment it leaves the Innovation team’s warm, nurturing, and forgiving nest and moves into the performance-driven reality of the Core Business.

    The Core Business knows why it was added to the P&L, but they don’t understand how it came to be or why it is the way it is. And they definitely don’t love it as much as you do. All they see is a tiny, odd thing that requires lots of their already scarce resources to become something worthwhile.

    Instead of depositing beloved solutions on the Core Business’ doorstep like an unwanted orphan, Innovation Process should ensure that the following three questions are answered and aligned to well before the hand-off occurs.

    • How material (revenue, profit) does a solution need to be to be welcomed into the Core Business?
    • Who runs the new business, and what else is on their plate?
    • What mechanisms are in place to ensure the Core Business supports the new solution during its tenuous first 1-3 years?

    Create a process that creates innovation

    Invention is something new.

    Innovation is something new that creates value.

    Innovation processes that focus solely on defining, designing, developing, and de-risking a solution run the risk of being Invention process because they result in something new but stop short of outlining how the innovation will be produced at scale, launched, scaled, and supported for years to come. You know, all those things required to create value.

    BTW:

    • 99.7% isn’t an exact number. In my experience, it’s 100%. But I wanted to leave some wiggle room.
    • I am 100% guilty of forgetting these three things.
    • If you’re trying to innovate for the first time in a loooooooong time, it’s ok to focus on the front end of innovation (define, design, develop, de-risk) and tackle these three things later. But trust me, you will need to tackle them later.

    Image credit: Pexels

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    Agility is the 2023 Success Factor

    Agility is the 2023 Success Factor

    GUEST POST from Soren Kaplan

    Agility, the ability to think fast and move quickly, is an imperative for every team this year.

    That’s because there’s never been more uncertainty – around technology, the economy, global-political turmoil, and just about everything else.

    I’ve led teams in both big companies and startups. I’ve built new teams. And I’ve helped fix dysfunctional ones.

    There’s no shortage of research on the success factors for creating high-performing teams. In a landmark study, for example, Google identified “psychological safety” as the top characteristic of its most successful teams. Teams with people who feel safe to take risks and be vulnerable with one another showed better results.

    Psychological safety is indeed important. Yet we can’t lose sight of another critical success factor for navigating today’s highly uncertain world, especially in 2023: agility.

    Three Steps to Strategic Agility

    The concept of “agility” in business originated from the field of agile software development. Agile software development involves “sprints” in which teams define short-term goals (typically two weeks), work diligently to achieve them, and then apply what they learned from the sprint to their next sprint’s goals.

    Any team can apply the principles of agile software development to create greater overall agility. Whatever your team’s cadence of work, consider using the following approach to structure your work:

    1. Define short-term goals: What do you need to accomplish by the end of your sprint?
    2. Do the work: What work must be done and how will you do it?
    3. Evaluate progress: Based on what you achieved, what did you learn, and what’s the next logical set of short-term goals?

    Approach these steps as a repetitive cycle. For example, you might have a project you expect to take three months to complete. Most traditional teams might go through a single cycle — they define their end goal, create a three-month plan, do their work, and then after the three months are up, they reflect on their progress.

    If you were to work in two-week sprints during the three-month project, however, you would have five cycles of defining goals, achieving them, and then applying your learning to make your project even more effective along the way. The agile approach accelerates and leverages continuous learning, which reduces the overall risk of your project.

    Instill Agile Mindsets, Abilities, and Know-How Into Your Team

    The definition of agility isn’t just about being adaptable. Agility is the ability to think and understand quickly, so you can move faster and easier. It’s a mindset. That’s why it’s important to instill specific attitudes and beliefs in your team around the importance of being flexible and accepting that goals and work can, and should, change on a regular basis.

    In my latest book, Experiential Intelligence, I highlight the importance of understanding and developing your team’s mindsets, abilities, and know-how.

    From the book Experiential Intelligence

    For example, consider reinforcing the following mindsets, delivering training to build certain agile abilities, and providing certain tools to help your team apply specific skills as you implement your projects:

    Mindsets (attitudes and beliefs)

    • Flexibility is a key success factor
    • Assumptions always exist but can be tested
    • Iteration drives learning and success

    Abilities (high-level competencies)

    • Strategic thinking
    • Pattern recognition
    • Learning by doing

    Know-how (knowledge and skills)

    • Project and task prioritization
    • Assumption testing
    • “Five whys” analysis

    Agile teams possess mindsets focused on moving quickly and modifying plans on a regular basis. It’s the exact opposite of how many big companies set annual plans and stick to them no matter what. Agile teams go from sprint to sprint, challenging their mindsets and identifying the abilities and know-how necessary to achieve the goals of the following sprint. That is, before they complete a sprint, they’ve already started planning for the next one. Agility becomes a core competency of the team, supported by know-how in agile methodologies and tools.

    As we’ve seen over and over, every product, service, and business model eventually gets disrupted. Agility may ultimately be your only source of sustainable competitive advantage.

    BONUS: Get a free sample chapter from my latest book Experiential Intelligence – here.

    Image credit: Pixabay

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    Stop Recycling Old Ideas and Start Solving New Problems

    Stop Recycling Old Ideas and Start Solving New Problems

    GUEST POST from Mike Shipulski

    Creating new ideas is easy. Sit down, quiet your mind, and create a list of five new ideas. There. You’ve done it. Five new ideas. It didn’t take you a long time to create them. But ideas are cheap.

    Converting ideas into sellable products and selling them is difficult and expensive. A customer wants to buy the new product when the underlying idea that powers the new product solves an important problem for them. In that way, ideas whose solutions don’t solve important problems aren’t good ideas. And in order to convert a good idea into a winning product, dirt, rocks, and sticks (natural resources) must be converted into parts and those parts must be assembled into products. That is expensive and time-consuming and requires a factory, tools, and people that know how to make things. And then the people that know how to sell things must apply their trade. This, too, adds to the difficulty and expense of converting ideas into winning products.

    The only thing more expensive than converting new ideas into winning products is reusing your tired, old ideas until your offerings run out of sizzle. While you extend and defend, your competitors convert new ideas into new value propositions that bring shame to your offering and your brand. (To be clear, most extend-and-defend programs are actually defend-and-defend programs.) And while you reuse/leverage your long-in-the-tooth ideas, start-ups create whole new technologies from scratch (new ideas on a grand scale) and pull the rug out from under you. The trouble is that the ultra-high cost of extend-and-defend is invisible in the short term. In fact, when coupled with reuse, it’s highly profitable in the moment. It takes years for the wheels to fall off the extend-and-defend bus, but make no mistake, the wheels fall off.

    When you find the urge to create a laundry list of new ideas, don’t. Instead, solve new problems for your customers. And when you feel the immense pressure to extend and defend, don’t. Instead, solve new problems for your customers.

    And when all that gets old, repeat as needed.

    Image credit: Unsplash

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