When companies or agencies search for disruptive and innovative strategies they often assemble a panel of experts to advise them. Ironically the panel is often made up of people whose ideas about innovation were relevant in the past.
I’ve seen this scenario play out in almost every large company and government agency trying to grapple with disruption and innovation. They gather up all the “brand-name wisdom” in an advisory board, task force, panel, study group, etc. All of these people – insiders and outsiders – have great resumes, fancy titles, and in the past brilliant insights. But unintentionally, by gathering the innovators from the past, the past is what’s being asked for – while it’s the future that’s needed. https://steveblank.com/2015/12/15/blanks-rule-to-predict-the-future-13-of-you-need-to-be-crazy/
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This is the second in a series about the changing models of corporate innovation co-authored with Evangelos Simoudis. Evangelos and I are working on what we hope will become a book about the new model for corporate entrepreneurship. Read part one on the Evolution of Corporate R&D.
https://steveblank.com/2015/12/17/how-to-set-up-a-corporate-innovation-outpost/ Entrepreneurs see opportunity where others see obstacles and why hubris is an entrepreneur’s worst enemy, were two topics of discussion on my SiriusXM radio show, Entrepreneurs are Everywhere.
The show airs on SiriusXM Channel 111 (weekly Thursdays at 1 pm Pacific, 4 pm Eastern). It follows the journeys of innovators sharing what it takes to build a startup – from restaurants to rocket scientists, to online gifts to online groceries and more. The program examines the DNA of entrepreneurs: what makes them tick, how they came up with their ideas; and explores the habits that make them successful, and the highs and lows that pushed them forward. Joining me in the Stanford University studio were
here was a time when having the information gave you the power. That’s no longer the key. The problem isn’t getting information or data; it’s knowing what to do with it.
Founders will always encounter naysayers, shut out the voices and listen to the customers instead. It gets you to a business faster. Two lessons from the guests on today’s Entrepreneurs are Everywhere radio show. https://steveblank.com/2016/05/05/entrepreneurs-are-everywhere-show-no-30-guido-kovalskys-and-doris-korda/ Intel Disrupted: Why large companies find it difficult to innovate, and what they can do about it1/10/2016 In the 21st century it’s harder for large corporations to create disruptive breakthroughs. Disruptive innovations are coming from startups – Tesla for automobiles, Uber for taxis, Airbnb for hotel rentals, Netflix for video rentals and Facebook for media.
What’s holding large companies back? Here are four reasons: https://steveblank.com/2016/06/23/intel-disrupted-why-large-companies-find-it-difficult-to-innovate-and-what-they-can-do-about-it/ Innovation outposts in Silicon Valley allow big companies to sense and respond to rapid changes in technology. Big data is changing how we view the world, and is the fuel for machine intelligence.
How to make corporate innovation work and drive success in startups were the topics of discussion with the guests on today’s Entrepreneurs are Everywhere radio show. https://steveblank.com/2016/06/06/entrepreneurs-are-everywhere-show-no-32-evangelos-simoudis-and-ashok-srivastava/ A huge lesson is to raise money at the appropriate time. We didn’t understand our value proposition. We didn’t even have a fully baked-out product. We weren’t ready. So we failed.
Every time I started a business it was because I saw them as good short-term financial opportunities. In hindsight I realize none of these businesses lasted because it wasn’t authentic. I didn’t feel like they were my legacy or something I could really leverage my strengths with. Lessons in raising money and making money were shared by the guests on today’s Entrepreneurs are Everywhere radio show. https://steveblank.com/2016/06/16/entrepreneurs-are-everywhere-show-no-33-david-comisford-and-omar-zenhom/ People appreciate things more when they pay for them. And no amount of business success is enough if you don’t have time with your family.
Values – who and what founders and customers hold dear – were the focus on today’s Entrepreneurs are Everywhere radio show. https://steveblank.com/2016/08/08/entrepreneurs-are-everywhere-show-no-38-ryan-smith-and-lane-merrifield/ Self-motivation, drive and creativity are key entrepreneurial traits that can’t be discounted or ignored, say the guests on today’s Entrepreneurs are Everywhere radio show.
https://steveblank.com/2016/07/25/entrepreneurs-are-everywhere-show-no-37-michael-ingle-and-graeme-gordon/ Given all that I’ve seen in my career I don’t sweat the small stuff.
We didn’t talk about product; we didn’t talk about organization or raising money. We talked about our values, we talked about our hopes and dreams for the world, and that helped us realize why we were doing this project together. Startups aren’t only for twentysomethings. And a founding team needs more than a complementary skill set. Experience and vision were the focus of today’s Entrepreneurs are Everywhere radio show https://steveblank.com/2016/07/19/entrepreneurs-are-everywhere-show-no-36-jim-semick-and-peter-arvai/ |
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