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“Discovery-Driven Growth”– a vital handbook for developing new business
There’s nothing more fun for me than building a new business, whether it’s a startup or a new line of business within an existing company. New businesses are the life-energy of capitalism, the...
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Innovation “Catalysts” view making mistakes as an essential part of the process
From The Mistake Bank: I’ve recently finished a new book, “The Catalyst,” which describes the mindsets of people who’ve successfully built new businesses inside established companies. Renewing organic...
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Catalyst #2 – launch new ventures with real customers
I posted earlier this week on the new book, “The Catalyst,” but there are a couple of more points I’d like to share before I leave it. The book, by Jeanne Liedtka, Robert Rosen and Robert Wiltbank,...
View ArticleFrom “The Catalyst”– a different kind of speed
This is (I think) the last post on the new book “The Catalyst: How You Can Become an Extraordinary Growth Leader,” by Liedtka, Rosen and Wiltbank, which describes the mindset required to effectively...
View ArticleNFL’s Patriots use “Discovery-Driven Growth” formulas
Despite an overfull schedule and helping get the house prepared for our 8-yr-old’s first Communion next Sunday, I watched bits and pieces of the NFL Draft as it unfolded. It’s a fascinating spectacle...
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An innovation hero exits
I was surprised to read about P&G replacing AG Lafley as CEO with current COO Robert McDonald. The WSJ article was not explicit as to the reasons, but it appeared that the timing had been...
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Downturn is costing companies their adventurousness
You can’t see much from a foxhole. I’ve talked to dozens of companies in the past six months, and one pattern is coming clear: the downturn has put them on the defensive, at the cost of their...
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When innovating, seek out more, and more varied, ideas
I’ve been reading the book “Innovation Tournaments” by Christian Terwiesch and Karl Ulrich of the Wharton School. The book sets out a methodology (the “tournament” of the title) for companies to...
View ArticleMistake Bank Video Podcast #7 – Sue Pera on opening a second store
Sue Pera and her husband Al own the Cornerstone Coffeehouse in Camp Hill, PA (where I live). Sue was very gracious to sit down and talk about an important mistake they made while considering expansion...
View ArticleMove over, CSR. It’s time for New Capitalism
There’s been something new happening around what is called “corporate social responsibility,” a term that emphasized how distant caring about its social impact was from a company’s core mission. The...
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