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🚀 Just finished the course “Executing on Innovation: A Process That Scales” by Deborah Perry Piscione! Here’s why these insights are crucial: 😎 Better Innovation: Learning new techniques to fine-tune and expand ideas helps ensure any product not only stands out, but also meets evolving market needs. This is vital for staying competitive and relevant. 🛠 Effective Execution: Applying strategies for launching and measuring innovations makes efforts impactful and aligned with business goals, maximizing product success and achieving measurable results. Excited to put these new strategies into action! 👩🚀 🚀 #businessinnovation #growthhacking

Change doesn't have to be hard – it can be the catalyst for incredible growth and innovation! # At Felicia Crouch Brands, we believe that embracing disruptive change can lead to extraordinary transformations. f Let's turn challenges into opportunities and navigate through chaos with confidence and clarity. Are you ready to harness the power of change? e #embracechange #innovation #transformationliciacrouchbrands

I am pleased to share I've completed the course: Driving Strategic Innovation: Leading Complex Initiatives for Impact from Wharton Executive Education instructed by industry expert Dr. Harbir Singh.   This course focused on the critical significance of innovation, competitive edge and strategic alliances/partnerships as pivotal drivers for sustainable growth.   The modern marketing function today often encompasses revenue growth in addition to brand visibility and customer engagement. This course provided the chance to conceptually think about innovation and growth initiatives.   My key learnings:  - Culture & strategy are often the most important factors that lead to an organization’s success or failure.  - Competitive advantage can be the difference between sustained success and a failed initiative.   - All organizations must also explore and change, or they will find themselves losing market position.  - Partnerships can bring value to each respective organization enabling joint development that neither could have obtained alone.  - Organizations face growing research and development costs to bring new products to market. New technologies that exist outside of one’s own organization may be relevant to drive innovation. #growth #innovation #strategy #impact #wharton

💡Innovation cannot be delegated 💡CEO's have to remain actively engaged in leading innovation; only they have the POWER, AUTHORITY and RESPONSIBILITY to make it successful. ☎ "The stakes couldn't be higher - failure to create successful new products, services, and business models will lead to stagnation and eventually decline." Five key reasons CEO's have to take RESPONSIBILITY for INNOVATION: 1️⃣ Most profitable innovation extends beyond product/service offerings to include process, business model, and market definition. 2️⃣ Achieving innovation SPEED and EFFECTIVENESS through mechanisms outside the purview of any one department. 3️⃣ Balancing the opportunity of Disruptive Innovation with the associated bigger Risk. 4️⃣ Looking OUTSIDE of the company. 5️⃣ Building a strong infrastructure for Innovation. Time to #MFFT We continue the journey through "Fast Innovation" by Michael L George, James Works and Kimberley Watson-Hemphill. 📬 DM me to arrange a coffee discussion. ✍ share your thoughts in Comments 👇 ⁙⁙⁙⁙⁙⁙⁙⁙⁙⁙⁙⁙⁙⁙⁙⁙⁙⁙⁙⁙⁙⁙⁙⁙⁙⁙⁙⁙⁙⁙⁙⁙⁙⁙⁙⁙⁙⁙⁙⁙⁙⁙ 🗓 Join me Wednesday, Thursday & Friday mornings (@ 9.29 CAT) on my journey through "Fast Innovation"! Like what you see? Show me 👍 👏 ❤️ 💡 😄

💡 Innovation isn't just about creating something new; it's about meeting unspoken needs. In a world that's constantly evolving, businesses that stand the test of time are those that anticipate and adapt to changing market demands, always staying one step ahead. It's not enough to simply come up with a groundbreaking idea; true innovation lies in understanding what consumers want even before they know it themselves. By being proactive and forward-thinking, companies can position themselves as market leaders, continuously setting the bar higher for themselves and their competitors. Let's strive for innovation that not only sparks creativity but also drives meaningful change. #Innovation #Adaptability #MarketLeadership 🚀

While ideas are the seeds of innovation, execution is where true value is created. But there's a critical component we often overlook: the quality of our decision-making process. Recent research on Decision IQ reveals a stark reality: innovation decisions are 2.5 times more likely to fail than typical business decisions, with outcomes missing expectations 50% of the time [1]. However, top-performing companies are 2.5 times more likely to make successful innovation decisions. What sets these innovation leaders apart? It's their Decision IQ. At Innventure, we've seen firsthand how these traits can transform innovation outcomes. One key finding we've seen over the years is that the process of bringing new technology to market is just as critical as the innovation itself. Is inclusive decision-making standard practice? Where does your company stand on the Decision IQ scale? Are you following structured frameworks for high-quality decision-making? Execution excellence is no longer enough. Decision process excellence is the key to leveling up your company's innovation success. 🚀 #innovation #corporateculture #innovativeleadership #businessgrowth #strategicpartnerships #corporateinnovation #techforgood [1] Larson, E. (2023). Five Reasons Why Innovation Decisions Succeed 2.5X More Often At Top Companies. Forbes. [2] Larson, E. (2023). Mapping Decision IQ Maturity Levels. Forbes.

What is innovation really? <coughing to clear throat> <in best Allen Iverson voice> Innovation? We’re talking about Innovation? What are we talking about? INNOVATION? We’re not talking about business results? We’re talking about innovation!? Okay okay. All jokes aside. Let’s talk innovation quickly. What is YOUR definition of innovation? I’ve never viewed myself as an inventor or somebody that drives innovation. I’m the strategy & execution guy. I spent a month or so with my grandparents in the Bay Area during my childhood summers. My grandfather was a prolific woodworker and my uncle was a talented mechanic. Never once… not once… do I recall having any interest in picking up the hammer or wrench to try and build or fix something. I took away the identity that I’m NOT an inventor or someone who builds things. Is the plan good? I can weigh in on that. How do we get there? I’m your guy to drive to the finish line. What new ideas do we have? My brain goes blank. Working with Jared Bleak & Tom Hughes at Appian Leadership challenged my personal definition of innovation. Innovation CAN be introducing brand-new ideas to the market. BUT Innovation can ALSO BE packing existing ideas/solutions together to make something new. Case in point was their #Uber illustration which was obvious once they walked us through how innovation was packaged to create something new. Well if that’s the case then yeah… I’m totally down with innovation and continuously scan my surroundings to connect the dots on ideas, people, etc. QUESTION >> Where can you drive innovation today? Be Bold! Be Awesome! Be You! p.s. Yes, to all my Nike folks I understand that “innovation” can be a sore point which is why I started with the “practice” joke to soften the mood ;) #Innovation #Leadership #AllenIverson #Nike #Growth

What Winners Are Doing? Is your company leading with innovation or falling behind? The gap between innovators and laggards appears to be widening more than ever. In the past three years, it's become clear that organizations prioritizing and adeptly executing innovation are not just advancing incrementally; they're taking giant leaps to the frontline. These companies are consistently uncovering new markets, developing their products, and forging lucrative revenue paths. What sets these winners apart? It's their unrelenting drive and the diverse, strategic resources they employ to fuel their innovative fire. A potent mix of determination and strategic diversity. These leaders don't just rely on internal resources; they embrace external expertise and systems that turn collaboration into a competitive advantage. They capitalize on potential by bridging the gap between mere planning and innovation execution. The key lesson here is that innovation isn't just about ideation. It's about having the necessary framework and mindset to turn innovative ideas into real-world successes. While many companies are satisfied with minor improvements, the winners are experiencing the benefits of a comprehensive innovation system, transforming ideas into tangible outcomes with an organizational infrastructure that's missioned to make those ideas a reality. ➡️ Is it time to rethink your approach? Let's have a detailed discussion on how you can join the ranks of the innovation-focused 79%. Our collaborative knowledge creation services are tailored to amplify your innovation capabilities. Learn how at https://lnkd.in/dj6_Kn-m #Innovation #Strategicedge #businesstransformation #impactfulcollaboration #Futurefocusedgrowth (Source: Most Innovative Companies in 2023. Reaching New Heights in Uncertain Times. BCG)

My favorite quote from Clayton Christensen's The Innovator's Dilemma is: "The research shows that “good management” was the most powerful reason companies failed to stay atop their industries. Precisely because these firms listened to their customers, invested aggressively in new technologies that would provide their customers more and better products of the sort they wanted…they lost their positions of leadership." It may seem counterintuitive at first - why not give your customers what they want to keep them loyal? In the short term, catering to customer demands can lead to success. However, there always comes an inflection point - a disruptor, a change in legislation, or a shift in public sentiment. The key realization is this: Your customers of today may not be your customers of tomorrow. As a business owner, two vital strategies emerge: 1) Continuously scan the landscape to anticipate inflection points before they occur. 2) Take calculated risks to engage with potential "customers of tomorrow" before these critical moments. #BusinessStrategy #Innovation #CustomerEngagement

#MondayInnovation 🌟 What if innovation isn't just about creating new products, but transforming entire industries? 🌟 As an advisory board for cutting-edge companies, we at Quantum Stellium have the privilege of guiding visionary entrepreneurs and organizations on their journey from groundbreaking ideas to market-ready innovations. We navigate the exhilarating yet challenging path of turning revolutionary technologies into impactful solutions that benefit billions. In our experience, the essence of innovation goes beyond flashy gadgets. It involves developing and scaling new services, processes, and business models. This holistic approach to innovation is echoed in McKinsey & Company's comprehensive report, "What is Innovation?" The report sheds light on the crucial role of innovation in driving substantial growth and value. Yet, despite its importance, many executives remain dissatisfied with their organizations' innovation performance. The key to overcoming this challenge lies in prioritizing the right elements: identifying unmet customer needs, ensuring compelling solutions, and monetizing these solutions effectively. McKinsey identifies eight essential elements for successful innovation: 1. Aspire: Recognize the critical importance of innovation-led growth. 2. Choose: Invest in a balanced portfolio of initiatives. 3. Discover: Translate R&D efforts into winning value propositions. 4. Evolve: Develop scalable business models. 5. Accelerate: Launch innovations quickly and effectively. 6. Scale: Release innovations at the appropriate scale. 7. Extend: Utilize external networks. 8. Mobilize: Motivate and organize people to innovate repeatedly. Real-world examples, such as Mercedes-Benz AG's digitized product development and Discovery Group's innovation culture, demonstrate the tangible benefits of these principles. To generate high-quality ideas, structured approaches like collision sessions and challenging orthodoxies are essential. An innovation portfolio, thoughtfully curated with clear aspirations and required resources, is vital. Effective portfolio management involves confirming the total value needed, evaluating projects, reallocating resources, and identifying gaps. To measure innovation, #McKinsey suggests focusing on net new growth from innovation (the "green box") and R&D conversion metrics. Successful innovation teams exhibit vision, collaboration, learning, and execution. To foster a culture of innovation, leaders must create safe environments, embrace failures as learning opportunities, and maintain focus on execution. Together, let's turn visionary ideas into market-ready solutions that benefit billions. #Innovation #BusinessGrowth #McKinsey #QuantumStellium #Leadership #FutureTech #Strategy #DeepTech #ResearchToMarket