Think it’s easy finding an executive to plug a hole in your organization? Think again. A 2014 ExecuNet survey stated it takes 6.4 months for an executive to find a permanent position and that only 4 out of 10 companies have an immediate successor to a CEO. The concept of executive interim leadership has emerged and […]
Monetizing Innovation: The Right Team Counts
When starting a business or pursuing an innovation initiative, a critical component of success is having a great team. In fact, this may be the single most important factor and by itself, often determines whether a given initiative will be successful. Unfortunately, the evaluation of a team’s effectiveness is often done after an initiative is […]
Executing a Three-Year Strategy with Twelve Months of Cash
When I was a graduate student in the 1990s at Harvard, a disproportionate number of students in the sciences were actively preparing themselves for jobs in the management consulting industry. They were being hired en masse by the most prestigious consulting firms in the world, not for their technical acumen (although many of them held […]
The Scientific Method: What Goes Around Comes Around
A sustainably innovative organization constantly learns and is comfortable with uncertainty. This type of organization seeks to remove uncertainty through experimentation that is designed to improve knowledge through two key actions: comparison of hypothesis with results and analysis of any differences between them. Formulating a meaningful hypothesis on any unknown, from customer and market expectations […]
Mind the Gap(s): Become More Innovative as You Innovate
There’s a lot of discussion about what makes a more innovative organization. You’ve seen some of it within our articles and they tend to include some significant cultural attributes. Cultural changes can be a long involved process and you may not be ready to embark on a complete corporate overhaul before attempting to get some […]