If the Coronavirus has taught us anything, its that life IS change. If that’s true, how does planning work if you could be deeply affected by the next Black Swan? I firmly believe that there are two ways in which to run your life and business. You can either: Plan everything out to the Nth…
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Futurists are usually right, at the wrong time. The thing about true innovation, is almost everything is an expansion on an older idea. It isn’t until time and technology converge at that perfect moment that great ideas are executed. Ideas tend to spark well before the execution due to lack or resources, namely practicality.
The Hope: Your leaders take whatever risks they need to in order to get the job done.
The Reality: Your leaders are risk averse, hoping that their less-than-bold moves trigger some kind of true change.
How many times have you heard, in the midst of a crisis, that “everything is on the table” when in reality, there are very few things on the table? Typically, in my experience, that phrase is only used instead of the blunter “Someone here is going to have to make a sacrifice, and just so you know, it won’t be me”.
Now you may ask yourself, “Why is my company not innovative?”
You may be thinking to yourself:
Our competitors seem to be able to do it very easily and very quickly. Why can’t we?
I think it’s a simple thing, a very simple thing.
Disruptive new and innovative products need not be created through completely new thinking. In fact, completely new thinking can sometimes be difficult, requiring a completely different growth mindset, environment, and team. It’s something you may not have access to, or be able to whip up at a moments notice, when you need some innovation to occur, or a challenge to solve.
Just read (actually listened to) Smarter Faster Better, the latest book by Charles Duhigg, the author of the Power Of Habit (also another great book). Great book, highly recommended. In one of the chapters, he describes an interesting experiment.
Did you know that the fear of public speaking is even worse than the fear of death for most people? Yes, some people prefer almost anything to standing in front of a crowd and talking. Innovation is almost as bad at some companies – I’ve heard it said a number of different ways, but it all boils down to one thing, a fear to innovate:
Previously on this blog, I’ve talked about how in order to be successful you need to get lucky. Some people think that getting lucky is a total fluke – a black swan which simply swoops and suddenly propels you into the stratosphere of success.
Recently, I read the Harvard Business Review’s 10 Must Reads on Innovation. Although my initial intention was to take a look at the latest articles on innovation, I came across this package of articles that said: “To innovate profitably, you need more than just creativity (emphasis added). Do you have what it takes? If you read nothing else on inspiring and executing innovation, read these 10 articles…” So, I did.
Let me know if you’ve experienced this because I have.
Remember the last time you were in a brainstorming session. Maybe you all sat down to address a specific challenge, like “We need to increase revenues” or “Competitor XYZ is eating our lunch and we have to react”, or maybe you had something specific, like “We need to reduce costs in this office by at least 30%”, or maybe you had no challenge at all – it was just a general brainstorming session to come up with new ideas.