This episode features Dan Ariely, author of ‘Misbelief, what makes rational people believe irrational things’, focusing on the psychology behind misinformation and belief in conspiracy theories.
Michael Nichols, coauthor of the Corporate Explorer Field Book and Director of Corporate Ventures for MANN + HUMMEL, shares insights on the challenges of inside-out innovation within corporations, emphasizing the importance of validating business models beyond core business practices.
In this final of a 4-part episode, Rita McGrath discusses her upcoming book focused on how organisations can design structures that empower decision-making at all levels, embracing a ‘permissionless’ approach to innovation.
In this extensive session with Rita McGrath emphasises the importance of continuous innovation, exploiting new opportunities, and building new competencies to stay competitive.
In part 2 of The Entrepreneurial Mindset, Rita McGrath, discusses the concept of the entrepreneurial mindset and the power of consumption chain analysis for businesses seeking to differentiate and innovate.Â
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Rita illustrates how understanding each step of a customer’s journey, from need identification to product disposal, can unveil numerous opportunities for innovation and competitive advantage.
A conversation with Rita McGrath, author of ‘The Entrepreneurial Mindset,’ exploring principles for thriving in rapidly changing environments. McGrath shares her personal journey from industry to academia, emphasising the importance of understanding practical business applications.
Innovating Within the Military: Challenge-Driven Innovation and Connected Intelligence
This episode of the Corporate Explorer, recorded in London during the launch of the Corporate Explorer field book and powered by Wazoku, features Stuart Laws from the UK’s Defense Innovation Unit. The discussion explores how challenge-driven innovation has transformed problem-solving within the military, moving away from a traditional idea-generation model to one that actively involves business units in framing their issues for more scoped and implementable solutions. Laws highlights the shift towards a more inclusive innovation approach, engaging employees, suppliers, startups, universities, and leveraging Wazoku’s connected collective intelligence of over 700,000 global problem solvers. The episode also delves into the human aspects of innovation, including the creation of stakeholder personas to better understand and influence decision-makers, and the serendipitous discovery of solutions through cross-sector collaboration and challenge-driven initiatives. Laws shares insights on the necessity of a collaborative mindset in innovation, bringing public and private sectors together for impactful outcomes. The successes of this approach are exemplified in real-world applications, such as providing 5G coverage in hard-to-reach areas through a partnership between Defence, BT, and academic contributions.
00:00 Welcome to the Corporate Explorer: Innovating with Wazoku
00:43 Introducing Stuart Laws: Innovating in the Military
01:41 The Power of Challenge-Driven Innovation
04:12 Cross-Sector Innovation: Bridging Industries for Better Solutions
09:14 Marketing Personas: A Game-Changer for Innovation
12:55 Finding Solutions in Unexpected Places: The BT Story
15:13 Wrapping Up: The Future of Innovation with Wazoku
Find Stuart here: https://ideashadowcoaching.com
Discover the key to successful innovation. Join Tony Ulwick, author of the Jobs To Be Done Canvas, as he shares how to define markets, uncover customer needs, and develop winning products. Learn the power of focusing on job execution and get inspired to create impactful solutions.
Join us in ‘Fit to Compete, Part 2’ where Michael Beer, the renowned expert in corporate strategy, delves into the crucial elements of business innovation and transformation. This episode offers insightful discussions on strategic fitness, the power of honest conversations, and the roles of leadership and culture in driving organizational change. Featuring a case study on Becton Dickinson, Mike highlights the essentiality of aligning strategy with internal communication for corporate success. Perfect for professionals and leaders seeking guidance in the dynamic world of business.”
Main topics with timestamps:
- Strategic Fitness Process – [00:00:00]
- Long-Term Investment Challenges – [00:13:00]
- Impact of Company Culture and Leadership – [00:30:00]
- Role of Succession Planning – [00:43:00]
- Becton Dickinson Case Study – [00:51:00]
- Transformative Leadership and Values – [00:57:00]
- Innovation in Corporate Strategy – [01:03:00]
- Conclusion and Key Takeaways – [01:10:00]
Articles mentioned in the episode: The Great Training Robbery https://www.hbs.edu/ris/Publication%20Files/16-121_bc0f03ce-27de-4479-a90e-9d78b8da7b67.pdf
Find Mike Beer: https://www.beermichael.com
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Fit to Compete – Why Honest Conversations about Your Company’s Capabilities Are the Key to a Winning Strategy
In part 1, we set the context for the book and discuss:
- Mike’s background and inspiration for the book.
- The problem of organisational silence and how it hinders strategic execution and transformation
- The concept of strategic fitness and how it helps organizations align their strategy and culture
- The process and benefits of holding honest conversations with everyone in the organization
- The challenges and barriers of overcoming the silent killers, such as fear, hierarchy, and complacency
- The vision and courage to create a culture of corporate stewardship and continuous learning.
Find Mike here:
https://www.beermichael.com
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