Think 63: Organisations that don’t innovate

No. 63, 15th, January, 2023

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The One Percent Project:
+What’s an organisation that does not innovate? An unsuccessful one. Innovation has been the focal point of all successful organizations. It entails the entire process of spotting opportunities in existing problems, coming up with ideas that solve them, developing those ideas, creating prototypes, promoting the products, and closing sales.

+In Search of Better Problems: Talk to customers. Get in your customer's life. Go into their lives and understand the problems they are trying to solve. That tends to be Robert McKim, the legendary creator of the design program at Stanford’s approach, who often asked his students, “show me three” as feedback. He also asked his students to keep a bug list. He talked about keeping a list of the things that bug or bother you and writing them down. If you keep a bug list, you become attuned to opportunities in a way that somebody who is not attuned to problems just doesn’t.

Two for the week:

+You Need an Innovation Strategy: Why is it so hard to build and maintain the capacity to innovate? The reason is not simply a failure to execute but a failure to articulate an innovation strategy that aligns innovation efforts with the overall business strategy.

+A quote to think about: “I have something that I call my Golden Rule. It goes something like this: 'Do unto others twenty-five percent better than you expect them to do unto you.' … The twenty-five percent is for error.” ― Linus Pauling (Nobel Laureate)

Connect with me: If you have any feedback, topic or speaker recommendations, you can email me at pritish@onepercent.live. You can connect with me on LinkedIn as well.

Best,
Pritish