“Organisations, by their very nature are designed to promote order and routine. They are inhospitable […]
Ever wondered how companies can leverage partnerships to drive innovation and deliver new value propositions to their customers? In this episode, we explore the art and science of corporate innovation ecosystems with Christine Griffin, a renowned expert in the field.
Christine unveils a powerful six-step process for crafting a winning ecosystem playbook. We delve into a compelling case study – Best Buy’s strategic shift from retail giant to home health services leader – to illustrate the power of this approach.
Discover how Best Buy leveraged acquisitions and partnerships to become a key player in the home health market. Learn the importance of understanding value creation, identifying market turning points, and mapping the ecosystem landscape. We’ll also explore how to assess financial flows, build a robust scaling path, and develop the capabilities needed for success.
This episode is a must-listen for corporate explorers and innovation leaders seeking to:
Develop successful partnerships
Drive co-innovation for customer value
Navigate the complexities of business ecosystems
Unleash the Power of “Both/And” Thinking: Solve Toughest Problems & Make Breakthrough DecisionsTired of either/or choices? This episode of The Innovation Show cracks the code on navigating paradoxes. Join Wendy Smith, co-author of “Both/And Thinking,” as she reveals the power of embracing tensions for better problem-solving in your career, organization, and beyond. Discover the four types of paradoxes and practical strategies to manage them effectively. Learn from Lego’s success story and more!
“Business men go down with their businesses because they like the old way so well […]
“Our eyes are not viewers; they’re also projectors that are running a second story over […]
In this episode, we are joined by Wendy Smith, co-author of ‘Both/And Thinking: Embrace Creative Tensions to Solve Your Toughest Problems.’ Wendy elaborates on the nuances between dilemmas, paradoxes, and tensions, emphasising that these terms are not interchangeable and revealing the psychological and practical implications of recognising and navigating paradoxes. Drawing from her personal experiences and research, Wendy illustrates how both/and thinking can be applied to career decisions, organisational challenges, and broader societal issues. She discusses the limitations of either/or thinking and the harmful patterns it can create, such as intensification, overcorrection, and polarisation. Using examples from companies like Lego and Gore, Wendy shows how balancing tradition and innovation, centralisation and decentralisation, and other competing demands can lead to more sustainable success. The conversation also delves into the four types of paradoxes: learning, performing, organising, and belonging, and explores strategies to manage these tensions effectively. This episode is essential for anyone facing complex decisions in their personal or professional life. 00:00 Introduction to Both/And Thinking 00:12 Understanding Tensions and Dilemmas 03:08 Defining Paradox and Its Importance 05:23 Embracing Paradoxes in Real Life 08:00 Conditions That Highlight Paradoxes 16:51 Exploring the Four Types of Paradoxes 23:28 Navigating Organisational Paradoxes 31:23 The Paradox System Framework 36:57 Lego’s Journey Through Paradox 45:40 Conclusion and Further Resources
Mastering high-stakes conversations is essential for driving corporate innovation. In this episode, Alexander Pett, an expert in executive team dynamics, reveals the power of “productive tension.” Learn how to strategically navigate disagreements, secure senior-level buy-in, and effectively communicate your innovative ideas in the boardroom. Tune in to discover practical frameworks and communication strategies that will empower you to lead successful organizational change.
“The search for a scapegoat is the easiest of all hunting expeditions.” — Dwight D. Eisenhower The […]
Join Alison Taylor, NYU Stern ethics professor and author, to explore ethical challenges, stakeholder capitalism, corporate culture, and the role of leadership in building a responsible and sustainable business.
“Consistent daily progress by individual employees fuels both the success of the organisation and the […]