Tag Archives: Talent

Speed of Change

Speed of Change

Are You Innovating at the Speed of Change?

The world is changing all around us at an increasing rate, and individuals (and yes organizations too) are struggling to cope with this ever increasing pace of change.

In fact, over the last 50 years the average lifespan of a company on the S&P 500 has dropped from 61 years to 18 years (and is forecast to shrink further in the future).1

Innosight Average Company Lifespan

Nobody of course wants to be one of those organizations that goes out of business, but the fact is that if your organization can’t innovate and change at the speed of change of its customers’ wants and needs, and the pace of geopolitical, social, and economic change in the world around it, then it will likely have to change its sign from open to CLOSED, permanently.

Your organization may indeed be doomed to fail if it develops on or more of the following change gaps:

  1. Your speed of hiring is slower than the speed of your growth
  2. Your speed of market understanding is slower than the pace of market change
  3. Your speed of insight dissemination and acceptance is slower than the pace of market change
  4. Your speed of idea commercialization is slower than the pace of market change
  5. Your speed of innovation is slower than the competition’s speed of innovation
  6. Your speed of internal change is slower than the rate of external change

The last one is of course the largest and the most important, and the most complex, being composed of your speed of:

  • Market Analysis (gathering of insights and inspiration)
  • Invention (creation of innovation source material)
  • Design (building a potential solution around an invention)
  • Development (taking the design and creating a scalable, launch ready solution)
  • Test (Evaluating with customers whether the solution works as designed and scales as intended)
  • Evolution (Launching the solution into the marketplace with open eyes and ears, pivoting/improving as necessary)

While it is possible to enter a market too early, you can survive this tactical error if you enter in a small way instead of committing to a global launch with grand customer promises. However, much more damage comes to organizations that enter too late. So, as an organization we must be constantly striving to get faster at discovering new market insights and adapting and aligning our organization to fulfill newly discovered market needs more quickly than our competition, otherwise we might find ourselves locked out of our customers’ top consideration set tier.

Consumption Spreads Faster

What other change gaps do you see as you look at your business or that of your competition?

This is the first of many articles that I will be writing in the run up to my second book (to be published by Palgrave Macmillan), in which I will explore the importance and implications of change in the ongoing success of organizations, along with building up a concise set of best practices and next practices for change.

To help kick off this journey I will be conducting a FREE webinar with my friends over at CoDev, focusing on how Innovation is All About Change. This exclusive sneak peek and Live Q&A will take place from 12:00-1:00pm ET on January 15, 2015, and will feature a quick introduction to a new visual, collaborative change planning toolkit that I’ve developed and am ready to share with the world. Click here to register (link expired).

I hope you’ll come join me on this journey to improve the pace of change in our organizations!

UPDATE to banner: You can now access a free recording of this webinar using PASSCODE 1515 here (link expired)

1. Innosight/Richard N. Foster/Standard & Poor’s
2. Image Source: Wikipedia


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The Battle for Innovation Attention

The competition among countries around the world for attention for their innovation efforts, and to find corporate buyers for the intellectual property being developed in their universities, is heating up.

This week I came across the following sizzle reel from New Zealand’s KiwiNet, otherwise known as The Kiwi Innovation Network:

This is just a taste of what is coming…

A heated BATTLE is brewing among not just countries or regions, but cities too, as they all ratchet up their competition for public/private partnerships, publicity for existing local innovators, and to attract additional innovative people and businesses to their city, region, or country.

People are writing about Chicago struggling and Seattle surging for example.

One look at the Top 5 cities in the Seattle article link and you’ll quickly see the link.

What is your city, region or country doing to attract innovation talent?


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What Should the Role of Personal Branding be in Recruitment?

What Should the Role of Personal Branding be in Recruitment?I’ve been thinking a lot lately about personal branding, in part because several people have told me that I seem to do it pretty well, in spite of the fact that I would never call myself a personal branding expert or endeavor to make my living as a personal branding consultant.

While I think the personal branding topic is an interesting one, it is more because I am curious about:

  1. The role of personal branding in helping organizations achieve innovation success
  2. Whether or not organizations should be factoring in personal branding strength as part of their recruitment considerations

Now that we’ve hopefully made the case for the role of personal branding in helping organizations achieve innovation success in my previous post, let’s investigate whether or not organizations should be factoring in the strength of personal brand as part of their recruitment considerations.

Is the personal brand of an individual important to the brand of a collective and the brand equity that the organization is trying to build?

Well, look no further than organizations like Nike and Adidas that harness the personal brand equity of elite athletes like Michael Jordan, Kobe Bryant, and Derrick Rose.

Look no further than organizations like Target that harness the personal brand equity of Michael Graves, Isaac Mizrahi, Mossimo Giannulli, Jason Wu, and Phillip Lim. Meanwhile Macy’s has the Martha Stewart Home Collection (but JC Penney, Sears and Kmart also have Martha Stewart collections). So, harnessing the personal brand of designers and celebrities is obviously seen as beneficial to the brand of the collective in the minds of these organizations.

But it doesn’t stop there, the University of Phoenix is attempting to harness the personal brands of Clayton M. Christensen, Jeff Dyer, and Hal Gregersen to try and save their accreditation, London Business School harnesses the personal brand equity of Gary Hamel, Northwestern’s Kellogg School of Management harnesses the personal brand equity of Philip Kotler, and several consultancies harness the personal brand equity of famous professors to lend credibility to their consulting brands.

So, if at the highest levels, the organization’s brand equity benefits from harnessing the strength of the personal brands of certain individuals, shouldn’t organizations be considering the personal brand strength of applicants in the hiring process?

Not just for the reasons detailed above in relation to the increasingly open and interconnected organization, but also as content marketing becomes an increasingly important way for organizations to tell their brand story, and as innovative organizations seek to do the value translation component of innovation, shouldn’t the strength of personal brand equity be a consideration?

Now I don’t want to make this about me, or to say that my personal brand is nearly as strong as any of the individuals referenced before, and so I’ve made this as generic as possible:

  • Wouldn’t a McKinsey, Booz & Co., Deloitte, PWC, Bain, BCG, Innosight, Strategyn, ?WhatIf!, IDEO, Frog, Idea Couture, Fahrenheit 212, Jump Associates, or other consulting firm be better off (all other things being close to equal) hiring a consultant that could not just do great client work, but also a public evangelist for the firm at conferences and events, and bring visibility to the firm in print in the various media outlets that their personal brand has given them access to?
  • Wouldn’t a university be better off bringing in a candidate into a PhD research effort that would not just create a purely academic piece of research, but benefit more by partnering with a candidate that has a pre-existing publishing track record, pre-existing public visibility to help promote it, and whose personal brand equity could also bring potentially greater visibility to the degree granting institution?
  • Wouldn’t a company (all other things being roughly equal) be better off bringing in someone to lead their innovation efforts who has a strong personal brand in the innovation and/or startup communities, than someone who might have great program management capabilities, but limited personal brand equity and visibility? I mean, if one of the goals of an innovation program is to gather more insight-driven dots than your competitors, shouldn’t you base part of your selection criteria on the insight capacity of the individual and the connections that their personal brand equity brings?

These are just three examples of where organizations (and HR professionals) should be factoring personal branding into their recruitment criteria, but there are many more.

I have to say that too much of the focus on personal branding these days is from a social media perspective and making sure that the individual is not damaging their personal brand with careless social media involvement, or is focused on encouraging people to gather as many ‘friends’ as possible, or on the clothes that someone should wear, as if these things by themselves create a personal brand.

I’ve already given my thoughts about what the organization should do with personal branding.

Now here are my personal branding recommendations for the individual:

  1. Determine what your personal brand is. Start by thinking of the three words that define you. What do you want to be known for?
  2. Once you determine what your personal brand stands for, then make sure that all of your online profiles and other kinds of digital and physical assets (including your appearance) reinforce it.
  3. Create content for your online portfolio on the topics related to the three words that define you.
  4. Join the communities that intersect with your personal brand and your passions.
  5. Get out there and meet people. Look for those intersections of skills, abilities, talents, and passions that you have with others that are also consistent with your personal brand.
  6. Look to pursue activities that will strengthen your personal brand, not weaken it.
  7. Be authentic!
  8. Have fun!

Let’s close with a few questions:

  • What would you add to this list?
  • What is your personal brand, how strong is it, and how are you going to leverage this to power your career success?
  • How is your organization viewing personal brand when it comes to its recruitment efforts?

Keep innovating!


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How NOT to Innovate

How NOT to Innovate

GUEST POST from Jeff Rubingh

“The problem is never how to get new, innovative thoughts into your mind, but how to get the old ones out.” — Dee Hock

Liberal vs. conservative, PC vs. Mac, Chevy vs. Ford. Seems there’s always two points of view, two approaches, two views. Or there’s a continuum. What about “innovation”? What are the opposing approaches to innovation?

For companies, it’s all about competing. It’s all about competing. Just starting out? How do you get a foothold? In the middle of the pack? How can you get to the front? Are you the leader? How do you stay there? The answer is and will always be — innovate!

Of course, maintain and grow your current business. Of course, serve your customers better. But does this just involve doing things smarter, better, faster? Or do you need to adapt and change? Do you need to constantly rethink products, services and perhaps most of all, processes? How do you get the new, innovative thoughts into your mind and the old ones out?

It does seem that many companies talk about “innovation.” It does seem that many companies even give it a go. It also seems that most companies are fundamentally bad at it. From the outside in, it seems that there is an upside down understanding of “innovation.” When you really look at some companies’ efforts, it’s almost as if they went about trying to ensure innovation doesn’t happen. It’s almost as if they’re following in lockstep my tongue-in-cheek guide below.

So, if you want a guide on “How NOT To Innovate”, try this four step approach:

1. Don’t Rock the Boat

  • Have a detailed plan that maps out all the steps over the next year or two; realize that — creating new products, developing new processes — innovation — your thoughtful smart people can figure much of this out beforehand, then it’s just a matter of following the recipe
  • Make sure your company knows precisely how it has always made money and that everyone just tries to do that faster, better and smarter
  • If you’re an industry leader, innovation is risky so do it “safely”, sit on your lead a bit
  • If you’re in the middle of the pack, keep plugging away; soon, with incremental gains you’ll have made headway
  • Put in place a deliberate, public, “innovation” process, stepped and managed; that way, no one will submit foolish ideas or waste people’s time with frivolous and fruitless investment

2. Manage Creativity

  • Manage by committee, make slow deliberate decisions, make sure everyone knows to get approval for each stage of invention
  • Ensure all new ideas are very “smart”; when someone creates a “far out” idea, scrutinize it publicly so everyone knows what’s creatively de rigueur
  • Ensure politics are in place around who the “idea” people are, know your place
  • Discourage desires for new, cool things by subtly labeling them “a bit out there”
  • Make sure people who roll out new ideas feel most comfortable when they’re sure it will have support from everyone
  • Don’t tolerate ambiguity, make sure you’ve got it pretty much figured out before you proceed

3. Make Safe Bets

  • Create a culture of “Be careful, try things yes, but have a plan, don’t let it interfere with the business, get approval so no one can say you were wasting time or money”
  • Ensure that risk minimization is top of mind
  • Keep your tries to a minimum, don’t “blow” time and expense on trying too many things; again, we’re here to make money, not to feed the creative (but expensive) itch
  • Only reward the successes, and remember, determining “success” takes a while
  • Create a culture of discouraging “mistakes” or “wasted effort”
  • Don’t invest in efforts where the ROI isn’t clear from the get-go
  • Reinforce cultural mores that reward conventional success and discourage risk taking

4. Engineer Talent Carefully

  • Hire from a recipe, here’s the list of skills and the personality profile, go find them
  • Make sure there’s a need and position that matches each new hire
  • Avoid “opportunity” hires (see ‘Make Safe Bets’)
  • Promote those who follow the convention, who get along, who don’t create waves
  • Address employee attrition by rewarding those who maintain the status quo the best
  • Ensure political correctness is a criteria for suggesting innovation

Image Credit: 1 of 1,150+ quotes for FREE download at http://misterinnovation.com

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New White Paper on External Talent Strategies

Innocentive - New White Paper on External Talent StrategiesFollowing on the heels of a recent thought leadership webinar (link to recording) on the same topic, this white paper explores the intersection of talent management and open innovation strategies. The paper dives into why having an external talent strategy is becoming increasingly important and how it can help your company accelerate innovation, shows how leading organizations manage their open innovation and crowdsourcing efforts (including case study examples of companies like P&G), and provides proven strategies and steps to take for attracting talent to your organization’s innovation efforts.

Download this Complimentary White Paper

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Harnessing the Global Talent Pool to Accelerate Innovation

In this webinar hosted by Innocentive I explore how organizations can utilize open innovation and crowdsourcing resources as an essential talent management strategy to drive their business.

You can engage me to create a webinar or white paper for your audience here.

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For Sale – Innovative Business Idea

For Sale - Innovative Business IdeaA few years ago I looked around the corporate and consulting landscapes and I noticed that there was a talent gap in both places. There are many occasions when consulting firms look to their bench and don’t have the talent they need there to fulfill a client need right away and so sometimes they lose business to their competition. And on the corporate side, there are many occasions when a manager or director has more work than they can possibly do themselves and what they really need is not a consultant but a smart, flexible resource that can parachute in and get up to speed helping them very fast. Having been called in to fill both of these kinds of gaps from time to time alerted me to the existence of these two market needs, and so I started to create extendedbench.com.

There is definitely a need for an ‘extended bench’ or a ‘talent stable’. Unfortunately I don’t have time to build out this business and in an effort to simplify my life, I thought I would put the web site and the associated domains and collateral, pitch decks, etc. that I’ve started up for sale to someone who has a passion for realizing the idea – probably someone from a staffing or recruiting background.

The following domains are included in the sale:

  • extendedbench.com
  • talentstable.com

Have a look at the web site, decide what these assets are worth to you to accelerate your entrepreneurial pursuit, and make an offer (no offer too low).

And if you think the idea is terrible, sound off in the comments about why.

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Innovation Quotes of the Day – April 27, 2012


“If you put fences around people, you get sheep.”

– William McKnight (former CEO of 3M)


“For people without passion and talent, information has no value.”

– Jef Staes


“We must find a way to strike a balance between what employees need to do for the organization and what they want to do for the organization. Otherwise, human capital is being wasted, flushed down the drain.”

– Braden Kelley


What are some of your favorite innovation quotes?

Add one or more to the comments, listing the quote and who said it, and I’ll share the best of the submissions as future innovation quotes of the day!

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Innovation Quotes of the Day – April 17, 2012


“Successful organizations understand that attracting and engaging external talent is as important as finding and hiring the best internal talent.”

– Braden Kelley


“There are always more smart people outside your company than within it.”

– Bill Joy – Sun Co-Founder


“There is an innovation war beginning, and you need to make sure you are fighting it outside your organization — not inside.”

– Braden Kelley (from commissioned white paper – FREE from InnoCentive)


What are some of your favorite innovation quotes?

Add one or more to the comments, listing the quote and who said it, and I’ll share the best of the submissions as future innovation quotes of the day!

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Innovation Quotes of the Day – April 14, 2012


“We decided to embrace open innovation at Psion to be faster and competitively unpredictable.”

– John Conoley – Psion Teklogix


“The role of HR in the near future will not be just to recruit, develop, and manage staff, but also to build and curate talent pools. The HR profession will have to build new core competences in network orchestration and managing talent – no matter where the talent lives (inside or outside the organization).”

– Braden Kelley (from commissioned white paper – FREE from InnoCentive)


“Open innovation has proved to be a successful business strategy for General Mills.”

– Mark Addicks – General Mills


What are some of your favorite innovation quotes?

Add one or more to the comments, listing the quote and who said it, and I’ll share the best of the submissions as future innovation quotes of the day!

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