Leading Through Experimentation

Lack of leadership support stifles innovation. So does a Heroic leadership style.

A Heroic leadership style kills the experimentation, data-driven and collaborative approach required for successful innovation.

Read full article here.

Technology Doesn’t Make Money, Business Models Do

A discussion on defining and designing a successful business model in a time of fast-changing technology and market disruption.

Disruption of the financial services sector is unlike anything the market has ever seen. This shift in market forces is being spearheaded by the acceleration of new technology in dramatic and unprecedented ways. But the real risk of technology is not its proliferation, nor its complexity, nor its uncertainty, but its distraction. It’s easy to get seduced by new technologies; they are bright and shiny and feel like innovative things. When we are distracted by cool tech and ignore the business model implications, we are using technology as an end instead of the means.It’s important not to lose sight of the fact that technology in and of itself doesn’t make money ­­– business models do.

Keep reading here!

Why Agile Is Eating The World

… the world is entering a new age: the age of Agile. An unstoppable revolution is now under way in our society, affecting almost everyone. Agile organizations are connecting everyone and everything, everywhere, all the time.

They are capable of delivering instant, intimate, frictionless value on a large scale. They are creating a world in which people, insights, and money interact quickly, easily, and cheaply. For some firms, the revolution is uplifting and beautiful. For others, it is dark and threatening. …

A really great article on why agile is applicable through the whole company on forbes.

Preserving the founder’s mentality is your core competitive advantage

“Chris Zook is a partner in Bain & Company’s Boston office. He was co-head of the Global Strategy practice for 20 years. His most recent book is The Founder’s Mentality: How to Overcome the Predictable Crises of Growth […]. It addresses the importance of an insurgent mission, frontline obsession and owner’s mindset in tackling scale challenges of overload, stalling and freefall.”

Original article / interview on innovation tips from Chris Zook, Bain partner can be found here.

[The Internet of Value] What It Means and How It Benefits Everyone

Venture capitalist William Mougayar calls blockchain “the second significant overlay on the internet, just as the web was the first layer back in 1990”. When most people think of blockchain, Bitcoin instantly comes to mind. But the potential that excites Mougayar and many others goes far beyond financial transactions made using such digital currencies. It touches on what we at Ripple have for many years called “the Internet of Value.”

What is the Internet of Value?

Our vision is for value to be exchanged as quickly as information. Although information moves around the world instantly, a single payment from one country to another is slow, expensive and unreliable. In the US, a typical international payment takes 3-5 days to settle, has an error rate of at least 5% and an average cost of $42. Worldwide, there are $180 trillion worth of cross-border payments made every year, with a combined cost of more than $1.7 trillion a year.

With the Internet of Value, a value transaction such as a foreign currency payment, can happen instantly, just as how people have been sharing words, images and videos online for decades. And it’s not just money. The Internet of Value will enable the exchange of any asset that is of value to someone, including stocks, votes, frequent flyer points, securities, intellectual property, music, scientific discoveries, and more.

Keep reading here!

Zillow, Aggregation, and Integration

An analysis of Zillow’s decision to change its business model, going from being a marketplace connecting home-seekers with home-owners to becoming a real estate investor and subsequently becoming a competitor on its own platform.

Well, it is a rather complex read, but an interesting one. The post highlights the impact of radical business model changes on stock markets, the high risks and potential rewards. Zillow seems to be determined to change the status quo in the real estate space.

Read the fully story on stratechery here.

Break the Rules: How Thinking Flexibly Leads to Innovation

Physicist Mlodinow on elastic thinking. The key insight for me was the paradox that humans love novelty but yet are averse to changes that imply costs and efforts.

Doesn’t it remind you of companies who want to innovate but don’t make radical changes for innovation to flourish because of the difficulty of changing themselves? Find the source here and enjoy reading / listening to podcast.

The Myth Of The Innovation Lab

“Innovation labs have become popular as a way for established corporates to manage innovation. […] It appears that companies are finding innovation labs to be good way to explore new technologies and startup ideas.”

“What we are learning is that the opening of the innovation lab itself often represents innovation theater – played out at the leadership level within the company.”

Read the full article on forbes here.

These are the 14 Things That Kill Once-Great Companies

Really nice to read and for sure some true statements …

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These are 14 of the most common things we [at Innovation Leader] see companies doing, thinking, and saying that lead to decline and eventual irrelevance.”