Henry Mintzberg - Rebalancing Society

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The Vanished

1
Lost on Route 66: The Disappearance of Diana Hayes 6:47

6 weeks ago6:47

Main Kemudian

Senarai

Suka

Disukai

6:47

Was she the victim of foul play, an accident, or did she choose to disappear? In this episode of The Vanished, we retrace Diana’s last known movements, strange witness accounts, and the lingering mystery that has never been solved or.. was never meant to be solved.

about a year ago 40:35

MP3•Laman utama episod

Rebalancing Society with Henry Mintzberg: Addressing Imbalances in Politics, Economy, and Community

In this episode, Aidan McCullen is joined by renowned business strategist Henry Mintzberg to discuss his book on radical renewal. Mintzberg explores the root causes of our current societal crisis, emphasizing the need for balance among the public, private, and plural sectors. They delve into historical and contemporary issues that have led to extreme imbalances, from capitalism's dominance post-1989 to today's political polarization. Offering insights grounded in history and strategy, Mintzberg advocates for a strengthened community sector to restore equilibrium. Addressing not only societal but also personal imbalances, Mintzberg highlights the urgency for action amid global challenges like economic disparity, environmental degradation, and political unrest. The conversation serves as a wake-up call encouraging listeners to engage in meaningful change at both the individual and community levels.

00:00 Introduction: Enough is Enough!

00:38 Welcoming the Guest: Henry Mintzberg

02:44 Understanding Imbalance in Society

05:47 The Role of Business and Government

08:05 Historical Context and Current Issues

11:30 The Concept of Rebalancing Society

18:16 Personal Responsibility and Action

23:56 Closing Thoughts and Call to Action

Find more info here: https://mintzberg.org/books/rebalancing-society

677 episod

#Tech #Aidan McCullen #Fintech #Changemakers #Disruption #Healthtech #Innovationshow #Investors #Leadership #Business #Innovation #Reimagined #Startup

Henry Mintzberg - Rebalancing Society

The Innovation Show

published about a year ago

Kongsi

MP3•Laman utama episod

Rebalancing Society with Henry Mintzberg: Addressing Imbalances in Politics, Economy, and Community

00:00 Introduction: Enough is Enough!

00:38 Welcoming the Guest: Henry Mintzberg

02:44 Understanding Imbalance in Society

05:47 The Role of Business and Government

08:05 Historical Context and Current Issues

11:30 The Concept of Rebalancing Society

18:16 Personal Responsibility and Action

23:56 Closing Thoughts and Call to Action

Find more info here: https://mintzberg.org/books/rebalancing-society

677 episod

#Tech #Aidan McCullen #Fintech #Changemakers #Disruption #Healthtech #Innovationshow #Investors #Leadership #Business #Innovation #Reimagined #Startup

Semua episod

1
Gary Hamel - Leading the Revolution Part 1 1:02:05

4 days ago1:02:05

1:02:05

Gary Hamel on Leading the Revolution Part 1 In this episode, renowned business thinker Gary Hamel discusses his book 'Leading the Revolution' with Aidan McCullen, offering an innovative action plan for companies or individuals aiming to stay ahead of the industry. Drawing on successful examples from companies like Charles Schwab, Virgin, GE Capital, and profiling innovators like Ken Kutaragi of Sony PlayStation, Hamel shares how to grow and innovate amidst market chaos. He explores the origin of revolutionary business concepts, key criteria for building activist-friendly and revolutionary-ready companies, the dangers of becoming ‘one vision wonders,’ and harnessing employee imagination. The conversation also reflects on business failures, the cyclical nature of market success, and the essential need for continuous reinvention. Join for invaluable insights on thriving in turbulent times. 00:00 Introduction to Industry Revolutionaries 00:41 Exploring Revolutionary Business Concepts 00:48 Key Criteria for Building Revolutionary Companies 00:55 Avoiding One Vision Wonders 00:59 Harnessing Employee Imagination 01:11 Practical Advice for 21st Century Success 01:23 Welcoming Back a Business Thinker 01:50 Insights from Leading the Revolution 02:37 Honoring Professor Paul Hamel 03:23 Corporate Climate in 2000 03:56 Technological Advancements and Market Shifts 04:43 The Importance of Innovation 05:16 Challenges for Established Companies 06:15 Digital Transformation and Its Pitfalls 06:53 Investment in Technology 09:04 Organizational Orthodoxies 10:42 The Danger of Unchallenged Assumptions 11:19 Examples of Missed Opportunities 15:25 The Future of Retail and Education 17:23 The Importance of Humility in Leadership 18:24 Case Study: Sony's Rise and Challenges 20:44 Leadership and Organizational Dynamics 23:31 Encouraging Innovation from the Periphery 24:32 Case Study: Haier's Entrepreneurial Platform 29:07 Changing the Rules for Success 31:17 Forming Partnerships with Young Companies 32:22 Understanding Innovation Risk 36:31 De-Risking Innovation 37:55 The Importance of Intellectual Commitment 39:17 Challenges of Business Model Innovation 44:37 Strategic Planning vs. Strategy 50:27 The Illusion of Corporate Vitality 59:11 The Need for Innovative Leadership 01:01:13 Conclusion and Next Steps Find Gary: https://www.garyhamel.com https://www.linkedin.com/in/gary-hamel-791b096/ https://x.com/profhamel…

1
Gary Hamel - Competence Based Competition 1:09:07

10 days ago1:09:07

1:09:07

In this episode of The Innovation Show, host Aidan McCullen welcomes back esteemed guest Gary Hamel, celebrated business strategist and co-author of the revolutionary article on core competencies. They dive deep into the concept of competence-based competition, discussing the origins, importance, and modern applications of core competencies. Gary shares insights from his extensive work alongside CK Prahalad and reflects on how their ideas shaped corporate strategy. Using historical and contemporary examples, including Tesla and HAIER, they explore how focusing on deep skills can lead to enduring competitive advantages. This episode is a must-listen for anyone interested in innovation, strategy, and the future of business in a rapidly evolving world. 00:00 Introduction and Welcome 00:23 The Concept of Competence-Based Competition 01:24 Historical Context and Development 02:26 Core Competence and Strategic Implications 05:03 Challenges and Misinterpretations 13:37 Modern Examples and Applications 28:23 Strategic Conversations and Future Focus 35:12 The Danger of Viewing Companies as Product Sets 35:33 Intel vs. TSMC: A Strategic Misstep 37:56 Bounded Innovation and Core Competencies 38:49 Uber's Broader Vision Beyond Ride-Hailing 42:23 Amazon's Evolution from Online Retailer to Logistics Giant 43:21 US Car Makers' Myopia and Missed Opportunities 44:24 Historical Examples: Honda and Sony 47:01 Tesla: An Energy Company, Not Just a Car Maker 48:08 Microsoft's Myopic View and Missed Opportunities 56:00 The Importance of Organizational Flexibility 01:02:26 Encouraging Internal Innovation 01:08:42 Conclusion and Next Steps…

1
Pedro Oliveira: User Innovation in Healthcare 28:05

17 days ago28:05

28:05

Pedro Oliveira: User Innovation in Healthcare Welcome to a new series inspired by Eric Von Hippel, and sponsored by Wazoku. In today's episode, we are joined by Professor Pedro Oliveira, founder and president of Patient Innovation, to explore the role of patients and caregivers in developing new medical products and services. Discover remarkable stories of user-generated medical innovations, such as Tal Golesworthy's life-saving aortic support and Louis Plante's innovative lung-clearing device. Learn how Patient Innovation is helping to bring these solutions to market through a multi-sided platform that connects patient innovators with industry. Find out more about this transformative approach to healthcare innovation and the positive impact it has had on countless lives. 00:00 Introduction to the Series and Sponsor 00:29 Focus on User Innovation in Healthcare 00:53 Interview with Professor Pedro Oliveira 01:20 Eric von Hippel's Influence on User Innovation 03:55 Patient Innovator Stories: Tal Golesworthy 05:17 Patient Innovator Stories: Louis Plante 12:35 Patient Innovator Stories: Hans and Be My Eyes 19:06 The Multi-Sided Platform for Patient Innovation 25:35 Encouraging More Patient Innovations 27:26 Conclusion and Sponsor Message Find Pedro https://patient-innovation.com/who Find Wazoku: www.Wazoku.com User Innovation, Healthcare Innovation, Patient-Driven Innovation, Medical Breakthroughs, Pedro Oliveira, Eric von Hippel, Tal Golesworthy, ExoVasc, Louis Plante, Flutter Device, Hans Be My Eyes, Be My Eyes, Multi-Sided Platforms, Patient Entrepreneurship, Medical Devices, Assistive Technology, Digital Health, Open Innovation, Future of Medicine, Patient Advocacy, Caregiver Innovation…

1
Gary Hamel - Competing For The Future Part 2 1:11:06

21 days ago1:11:06

1:11:06

The Future of Foresight & Innovation: Insights with Gary Hamel | The Innovation Show In this episode, we have the pleasure of welcoming back Gary Hamel, a leading expert in business strategy and management. Host Aidan McCullen and Gary Hamel dive deep into the concept of foresight, stressing the importance of understanding broad themes and emerging trends to guide companies toward future opportunities. They discuss companies' common blind spots and failures in anticipating the future, as well as ways to leverage resources effectively. Gary shares insights on the necessity of innovation at all levels of an organization, the perils of becoming too attached to current successes, and how organizations can think more creatively about emerging technologies. They also cover historical examples from companies like IBM, Kodak, and 3M to illustrate key lessons in foresight and innovation. 00:00 Introduction and Welcome 00:20 The Importance of Foresight 02:19 Recognizing Emerging Trends 04:30 Challenges of Organizational Change 09:13 Cultural Perspectives on Innovation 14:31 Historical Examples of Foresight Failures 30:58 Innovation in Cost Structures 34:34 The Urgency of Innovation in Healthcare 35:10 The Need for Builders in Leadership 35:55 Resource Leverage: Doing More with Less 36:55 Learning from Guerrilla Warfare and 9/11 39:06 Speed to Market: Lessons from Japanese Companies 40:24 The Importance of Rapid Iteration 44:00 Building Consensus and Leveraging Employee Insights 47:47 The Role of Strategic Focus in Innovation 53:30 Learning from Kodak and 3M 57:48 Metaphors and Organizational Change 01:07:12 Predicting the Future: The Smartphone and Cloud Computing 01:10:04 Final Thoughts and Contact Information…

1
Gary Hamel Part 1: Competing for the Future 1 1:10:55

29 days ago1:10:55

1:10:55

Gary Hamel Part 1: Competing for the Future 1 In this episode of the Innovation Show, renowned management thinker Gary Hamel discusses his extensive work in the field of organizational transformation and innovation. Reflecting on his early experiences at the University of Michigan and the London Business School, Hamel shares insights into the impact of foreign competition on American businesses in the late 1970s, and the critical importance of foresight and humility for executives. He delves into his consulting work with companies like Nokia and Apple, emphasizing the need for open strategy, diversity of thought, and the constant reinvention of competencies. Hamel also offers practical advice for leaders on avoiding the pitfalls of complacency and short-term thinking, urging them to build organizations that can thrive and innovate in a rapidly changing world. 00:00 Introduction and Welcome 00:43 Early Career and Influences 02:38 Teaching at London Business School 04:50 Consulting and Industry Experience 07:27 Collaboration with CK Prahalad 08:23 Lessons from Global Competition 22:10 Nokia's Rise and Fall 37:22 Innovative Leadership Through Video Messaging 37:42 Predicting the Future: Challenges and Insights 39:12 The Rise of Streaming and the Fall of Broadcast TV 40:39 Executive Resistance to Change 42:05 The Importance of Forgetting and Unlearning 43:49 Youthful Perspectives in Strategy Meetings 44:32 The Downfall of Nokia: Lessons in Innovation 47:06 Apple's Commitment to Silicon Mastery 48:44 Building Competencies for Future Success 53:28 The Persistence of Corporate Failings 01:04:54 The Role of Leadership in Innovation 01:10:15 Conclusion and Call to Action Find Gary: https://www.garyhamel.com…

1
Paul Nunes and Ian Morrison (R.I.P.) - Navigating Second Curves 54:46

5 weeks ago54:46

54:46

To Ian Morrison, Rest in Peace. In this inaugural episode of 'Innovation Show X,' host Aidan McCullen is joined by renowned guests Ian Morrison and Paul Nunes to discuss navigating the complex landscape of innovation. They explore key concepts from their influential books, 'The Second Curve' and 'Jumping the S-Curve,' providing insights into managing transitions in business, the challenges of risk and asset allocation, and how companies can sustain high performance over time. The episode also pays tribute to the late Ian Morrison for his contributions to thought leadership and innovation. Tune in to learn about the profound changes in industries like healthcare and technology and the essential balance between legacy systems and new ventures. 00:00 Sad News and Dedication to Ian Morrison 01:27 Introduction to Innovation Show X 01:52 Ian Morrison's Second Curve 04:17 Paul Nunez on Jumping the S Curve 06:38 Discussion on Technology and Market Changes 21:46 Healthcare and Digital Disruption 33:59 Challenges in Innovation and Risk Management 40:15 The Phoenix Metaphor and Organizational Change 53:39 Conclusion and Reflections…

1
Henry Mintzberg - Bedtime Stories for Managers 51:29

5 weeks ago51:29

51:29

Henry Mintzberg - Bedtime Stories for Managers In this episode, our guest is Henry Mintzberg, celebrated management thinker and author of 'Bedtime Stories for Managers.' We explore key themes from his 20th book, which is a collection of insightful essays from his widely read blog. Henry discusses the importance of managers getting out of their lofty offices to truly understand their organizations, the myth of the managerial 'maestro,' and the dangers of over-reliance on hard data. We also delve into the pitfalls of MBA programs, short-term strategy thinking, and the importance of engaging with employees and customers. This episode is a must-watch for anyone interested in thoughtful, experience-based approaches to management. Get ready for a wealth of metaphors, real-world examples, and thought-provoking anecdotes from one of the most respected voices in the field. 00:00 Introduction to Bedtime Stories for Managers 02:01 The Scrambled Eggs Story 04:28 The Myth of the Maestro Manager 06:20 Critique of MBA Programs 10:55 Emergent Strategy Explained 16:12 Leadership vs. Management 21:20 The Importance of Measuring the Right Things 23:55 The Symphony Orchestra Fallacy 24:50 Executive Boredom and Misguided Changes 26:44 The Right Leadership for Different Business Stages 29:52 Challenges of Legacy Organizations 31:53 The Family Business Dilemma 36:11 Short-Term Gains vs. Long-Term Success 44:21 Organizing Like a Cow 48:11 The Role of the Board 49:39 The Illusion of Constant Change Find the book here: https://amzn.to/410aaqa…

1
Eric von Hippel - Free User Innovation Part 2 36:48

6 weeks ago36:48

36:48

Episode Summary: Eric von Hippel - Free User Innovation (Part 2) Introduction Host Aidan McCullen welcomes back Eric von Hippel for Part 2 of their discussion on Free User Innovation , supported by Wazoku, a company pioneering Total Innovation by connecting people, ideas, and technology. Aidan highlights the great feedback received from Part 1 and sets the stage for a deeper dive into the division of labor between users and producers in the innovation process. Key Themes & Discussions 1. Users as the Real Innovators Traditionally, innovation is associated with manufacturers, but users actually drive pioneering innovation. From skateboards to mountain bikes to heart-lung machines, users create solutions out of necessity, while manufacturers enter the scene later. Manufacturers avoid new markets because they require scale and certainty before investing resources. 2. The Heart-Lung Machine Story (User Innovation in Medicine) John Haysham Gibbon, a surgeon, saw the urgent need for a heart-lung machine to save children needing heart surgery. He approached manufacturers, but they rejected him because there was no proven market. Using charitable funding, Gibbon developed the machine himself and successfully used it on a patient. Other surgeons saw the proof of concept, replicated it in their own hospitals, and slowly created a market for manufacturers to step in and refine the machine. This illustrates user-driven pioneering innovation followed by manufacturer refinement and scaling. 3. The Corporate Rebel Dilemma (Why Organizations Resist Innovation) Employees who spot future opportunities (corporate rebels) often face internal resistance. Example: Ken Kutaragi, the man behind the PlayStation, initially faced rejection from Sony’s leadership. Change only happened when a new executive backed him, allowing the idea to flourish. The challenge: CEOs see corporate rebels as resource drains on an unproven idea. Corporate rebels feel frustrated that leadership doesn’t recognize obvious opportunities. Balancing both perspectives is crucial for organizational innovation. 4. Kodak and the Digital Camera - A Cautionary Tale The first digital camera was invented inside Kodak, but executives rejected it. Why? Kodak was built on film—their expertise, business model, and infrastructure all depended on film. Employees resisted the shift because it threatened their roles. The result? Kodak missed the digital revolution, proving that organizations often resist innovations that threaten their existing business model. 5. Hidden Roadblocks to Innovation (The Reward System Problem) Even when innovation is recognized, company structures resist change. Example: A head of manufacturing refused to introduce an innovation because his bonus depended on reducing scrap waste—and every new product increased waste. Organizations are hardwired to maintain existing incentives, even when they conflict with innovation goals. 6. Users Innovate, Manufacturers Improve (The Division of Labor in Innovation) Users innovate for function, manufacturers innovate for refinement and scale. Example: Mountain bikes were first created by users modifying existing bicycles. Once enough demand existed, manufacturers stepped in and improved features like suspension systems. The orthopedic surgeon who added a spring-loaded seat post to absorb shocks is a great example of this process. 7. The Challenge of Recognizing Frontline Innovation (Listening to the Right People) Innovations often come from unexpected sources, but organizations fail to listen. Example: A furniture upholsterer noticed unusual wear on waiting room chairs at a cardiologist’s office. This led to the discovery of Type A personality, as anxious patients wore down chairs faster. Who notices early warning signs in an organization? Often, it’s not management but cleaners, frontline workers, or maintenance staff. 8. The Hilton Hotel Internet Story (Why Systems Fail to Observe User Needs) In the early days of dial-up internet, hotel maintenance staff constantly reattached phone jacks that guests removed to connect their computers. Instead of recognizing this as a need for in-room internet, hotels initially resisted change and instead tried to physically block users from unplugging phones. This highlights how organizations often fight user behavior instead of adapting to it. Final Thoughts & Takeaways Users drive pioneering innovation, while manufacturers refine and scale it. Corporate rebels are essential but face resistance—they must frame ideas in ways that align with company incentives. Organizations must actively listen to unexpected voices (maintenance staff, frontline workers) for hidden innovation opportunities. Systemic roadblocks (like reward structures) often hinder innovation—even when everyone agrees on the need for change. Closing Remarks Aidan thanks Eric von Hippel for an insightful conversation full of real-world examples. Eric reiterates the importance of recognizing and supporting user-driven innovation in all industries.…

1
Henry Mintzberg - Rebalancing Society 40:35

7 weeks ago40:35

40:35

Rebalancing Society with Henry Mintzberg: Addressing Imbalances in Politics, Economy, and Community In this episode, Aidan McCullen is joined by renowned business strategist Henry Mintzberg to discuss his book on radical renewal. Mintzberg explores the root causes of our current societal crisis, emphasizing the need for balance among the public, private, and plural sectors. They delve into historical and contemporary issues that have led to extreme imbalances, from capitalism's dominance post-1989 to today's political polarization. Offering insights grounded in history and strategy, Mintzberg advocates for a strengthened community sector to restore equilibrium. Addressing not only societal but also personal imbalances, Mintzberg highlights the urgency for action amid global challenges like economic disparity, environmental degradation, and political unrest. The conversation serves as a wake-up call encouraging listeners to engage in meaningful change at both the individual and community levels. 00:00 Introduction: Enough is Enough! 00:38 Welcoming the Guest: Henry Mintzberg 02:44 Understanding Imbalance in Society 05:47 The Role of Business and Government 08:05 Historical Context and Current Issues 11:30 The Concept of Rebalancing Society 18:16 Personal Responsibility and Action 23:56 Closing Thoughts and Call to Action Find more info here: https://mintzberg.org/books/rebalancing-society…

1
Aidan McCullen - The True Origin of The Innovation Show 1:20:54

8 weeks ago1:20:54

1:20:54

A conversation with Aidan McCullen, host of The Innovation Show and author of 'Undisruptable'. This a re-edited version of Tech Tonic, the world's first AI Thought Show with hosts (and friends) Scott Wolfson and Kes Sampanthar. Each episode, they explore the world of artificial intelligence, emerging technologies, and their impact on our lives. With engaging discussions, expert guests, and a dash of humor, Tech Tonic provides a unique perspect. Aidan shares his origin story, detailing his transition from professional rugby to digital transformation and media. Discover the inspiration behind his podcast, the importance of continuous learning, and the concept of 'the show before the show'. Aidan's journey is filled with insights on overcoming resistance, embracing reinvention, and the value of autodidactic learning. Don't miss this deep dive into the life of a true innovator. 00:00 Introduction and Initial Struggles 00:29 Welcome to the Innovation Show 00:58 Aidan McCullen's Journey 01:24 Early Days and Learning Curves 03:45 The Birth of the Innovation Show 05:59 Challenges and Resistance 10:07 Taking the Leap 11:26 Seth Godin and the First Episode 13:24 The Concept of Reinvention 18:45 The Power of Discipline and Consistency 29:05 Digital Transformation and Creative Destruction 34:59 The Power of Education and Strategic Alignment 36:03 Embracing Failure and the Path to Success 37:04 The Journey of an Autodidact 38:31 Overcoming Skepticism and Building Credibility 42:44 The Importance of Coachability and Learnability 46:10 The Role of Passion in Professional Growth 57:45 The Reinvention Summit and Its Vision 01:00:48 The Neuroscience of Learning and Thinking 01:07:13 The Journey and Future of Reinvention 01:16:26 Reflections and Final Thoughts Find TechTonic here: https://www.youtube.com/@theAIthoughtshow/streams #InnovationShow #AidanMcCullen #DigitalTransformation #ContinuousLearning #Reinvention #Podcast…

1
Fueling Today with Tomorrow Eating the Seed Potato or Planting the Seed Snake 8:20

8 weeks ago8:20

8:20

Fueling Today with Tomorrow Eating the Seed Potato or Planting the Seed Snake "Do Not Mortgage Your Future for Small Gains Now" - Nassim Nicholas Taleb "Business leaders are being motivated and rewarded to heat their houses by burning their furniture." - Mark W. Johnson In our pursuit of immediate comfort or short-term gains, we often sacrifice the foundations of future success. This principle is captured in countless cautionary stories. In this week's Thursday Thought, we explore those of the Irish Potato Famine, corporate strategy, and the unexpected world of collectible snakes. To build a sustainable future, we must resist the urge to mortgage it for fleeting rewards. As the old saying goes, "We do not inherit the Earth from our ancestors; we borrow it from our children." Similarly, our future isn't something we passively receive—it’s something we shape with the choices we make today. The Irish Famine: Eating the Seed Corn During the Great Irish famine, desperation led farmers to consume their seed potatoes—the very resource needed to secure future harvests. Fishermen sold their nets, and artisans sold their tools, sacrificing not just physical assets but the means of their future livelihoods. This poignant image of short-term survival at the expense of long-term resilience serves as a powerful metaphor for organisational decision-making. In the corporate world, this dynamic plays out when companies sell valuable assets or slash critical investments in research and development and innovation to sustain short-term valuation. Consider Sears, a retail pioneer that, under financial pressure, sold off its highly profitable financial arms, including Discover Card and Allstate Insurance. These divestments provided immediate capital but stripped Sears of lucrative assets that could have supported its survival during the retail industry's famine. By "eating its seed potato," Sears left itself with little to plant for the future. Efficiency-driven strategies are seductive because they deliver quick results and a sense of control. Yet, these strategies often resemble mining soil without replenishing it. Companies that prioritise cost-cutting and share buybacks over innovation may temporarily appease shareholders, but they risk sacrificing their ability to adapt and grow. The story of Heinz under CEO Tony O’Reilly is a cautionary tale. To boost earnings, O’Reilly slashed R&D and marketing budgets, undermining the company’s long-term competitiveness. Bill Johnson, O’Reilly’s successor, later admitted, “We weren’t supporting our brands, and we weren’t being innovative at all…. In terms of cost cutting, the mistake for the industry, in retrospect, is that it did not take the cost out of the system. It took the cost out of the product.” Like farmers consuming their seed potato, Heinz prioritised immediate gain over future resilience, leaving it vulnerable to shifting market demands. Planting the Seed Potato: Philips’ Strategic Reinvestment Philips serves as a masterclass in planting and replanting the seed potato for future success. (We discussed Philips with friend of the show and prolific author Paul Nunes , links here and video embed below). In 2006, while still profitable, Philips made the bold decision to phase out its incandescent lighting business, recognising that LEDs would soon become more cost-effective. Rather than eating the seed potato of its legacy business, Philips acquired smaller LED-focused companies, cultivating this new field until its LED division grew into a $7 billion powerhouse. By 2016, Philips had spun off its lighting business into Philips Lighting (now Signify), freeing resources for its next strategic planting. In an impressive act of replanting, Philips pivoted to the healthcare industry, focusing on diagnosis and treatment equipment. Through careful planning and a balanced portfolio strategy, Philips invested heavily in this fertile ground. By 2017, most of the company’s revenue came from high-end medical equipment, cementing its place as a leader in the healthcare sector. This transformation was not an overnight miracle but the result of strategic foresight and the courage to reallocate resources from legacy crops to future harvests. Planting the Seed Snake On this week's Innovation Show, our Keynote speaker at the Reinvention Summit , Seth Godin shared the story of Justin Kobylka. Justin is a pioneer in the snake breeding industry. Once a small-scale operation where pythons sold for $20, the market transformed thanks to the internet, which expanded access to collectors globally. Justin's key differentiator was his early investment in his facilities and the genetic quality of his pythons. Many times, he might have sold off his prize python for a healthy reward and many times he resisted. Instead of cashing out by selling his most valuable snakes for immediate gain, he retained them to breed even more extraordinary future generations. Conclusion: The Cost of Strategy Decay In our forthcoming series with Gary Hamel , we discuss the concept of strategic decay. Strategies, like assets, have a finite lifespan. Over time, the competitive advantages that once fuelled growth erode. Rivals replicate best practices. Market dynamics shift. Without reinvention, even the most successful organisations fall prey to strategy decay. This decay is exacerbated when companies rely on short-term fixes to prop up performance—share buybacks, cost-cutting, or selling off valuable assets. These actions create the illusion of health, but hey mask future problems. These problems are often inherited by an unassuming new leader, who soon discovers that damage done by her predecessor. Organisations that thrive in the face of disruption are those that embrace innovation as an ongoing, foundational practice. This means fostering a culture of long-term thinking, experimentation, and creativity. It also requires the discipline to let go of what no longer serves the mission and the courage to invest in what does. The choice is to burn tomorrow’s fuel for today’s warmth, or invest in building a sustainable fire that will burn brightly for generations to come.…

1
Seth Godin - This Is Strategy 42:55

8 weeks ago42:55

42:55

Seth Godin - This Is Strategy | The Innovation Show Join us on this episode of The Innovation Show with the inimitable Seth Godin, author of 21 international bestsellers that have profoundly influenced the way we think about work and art. In this engaging conversation, Seth delves into his latest book on strategy, emphasizing the importance of identifying your smallest viable audience, understanding and leveraging systems, and prioritizing long-term thinking over instant gratification. He shares valuable insights on why most people gravitate towards instructions rather than forging their own paths, the concept of 'elegant strategy,' and how viewing challenges as a game can make failures more manageable. Seth also explores the impact of AI on the workforce and the significance of systems in shaping our strategies. Whether you're transforming an industry, sparking a movement, or building a career, this episode is a must-listen for change-makers and innovators. 00:00 Introduction and Guest Welcome 01:19 Seth Godin on Teaching and Strategy 02:21 The Lego Metaphor and Strategy 04:54 Games, Systems, and Empathy 07:34 AI and Office Plankton 11:11 Understanding Systems and Change 16:10 Innovation and Elegant Strategies 21:47 The Role of Incremental Improvement vs. Innovation 24:00 Innovation Theater and Real Change 36:25 Long-term Thinking and Strategy 42:15 Final Thoughts and Conclusion…

1
Eric von Hippel - Free User Innovation 40:25

9 weeks ago40:25

40:25

Eric von Hippel - Free User Innovation | The Innovation Show In this new series on The Innovation Show, we dive into the groundbreaking work of Eric von Hippel, MIT Sloan School professor and pioneer of free innovation. We explore how users—not just producers—drive transformative innovations, and how this paradigm has been overlooked historically. With intriguing examples such as the evolution of skateboards and center pivot irrigation systems, von Hippel illustrates the power of user-driven innovation. We also discuss the role of platforms like Wazoku and companies like Haier in harnessing the potential of free innovator communities. Eric shares his insights on how companies can leverage these external ideas and improve their own innovation processes. Don't miss this fascinating conversation on the untapped potential within each of us to innovate and create impactful solutions. 00:00 Introduction and Wazoku Acknowledgment 00:38 Meet Eric von Hippel 02:08 The Concept of Free Innovation 02:32 Historical Context and User Innovation 04:20 Examples of User Innovation 11:19 Crowdsourcing and Open Platforms 16:44 Challenges and Opportunities in Innovation 33:56 Altruism and Diffusion in Innovation 37:31 Open vs. Free Innovation 39:54 Conclusion and Resources Find Wazoku https://www.wazoku.com Find Eric von Hippel's resources including this book “Free Innovation” https://evhippel.mit.edu/books/…

1
It's Hard to Read the Label from Inside the Jar: Navigating Change from Within 12:45

9 weeks ago12:45

12:45

Inside the Jar: Navigating Change and Innovation In this week's Thursday Thought, we delve into the complexities of navigating change from within. Using quotes, research, and insights from the Innovation Show, we explore how our perception of individuality vs. being part of a larger whole affects our ability to adapt. Drawing parallels with superorganisms like beehives, the episode discusses how business and economic cycles, like Kondratiev waves, shape our world. Highlighting examples from companies like Sony, we examine the 'inside view' trap and the importance of stepping outside our immediate focus to see the bigger picture. Join us as we read the label from outside the jar and prepare for the future. 00:00 Introduction: Navigating Change from Within 00:57 The Human Condition: A Drop in the Ocean 01:22 The Beehive as a Superorganism 04:18 Kondratieff Cycles: Understanding Economic Waves 06:27 The Trap of the Inside View 10:20 Escaping the Jar: Embracing Change 12:32 Conclusion: Join Us at The Reinvention Summit Full article here: https://thethursdaythought.substack.com/p/its-hard-to-read-the-label-from-inside…

1
Are Humans Part of a Superorganism? - Byron Reese Part 1 58:45

10 weeks ago58:45

58:45

In this episode of The Innovation Show, Aiden McCullen interviews Byron Reese, author of 'We Are Agora: How Humanity Functions as a Single Super Organism that Shapes Our World and Our Future.' The discussion delves into Byron's groundbreaking Agora Theory, which suggests that humans may function as part of a larger, conscious superorganism. Topics include the origins of life, the emergence of multicellular organisms, the complexity of DNA, and the potential impacts of understanding life as part of this collective superorganism. The conversation also touches on the role of death, the concept of emergence, and how these insights can apply to organizational strategies and societal progress. 00:00 Introduction to Agora Theory 02:40 Understanding Superorganisms 04:06 The Origin of Life and Cells 19:53 The Mystery of DNA 30:07 Understanding Multicellular Life 32:09 Symbiosis and Multicellular Origins 33:39 Theories of Multicellular Life 38:12 The Universe and Life's Complexity 44:02 DNA: The Blueprint of Life 47:11 Human Evolution and Intelligence 49:41 Bottleneck Events and Human Survival 55:02 Emergence and Superorganisms 57:46 Final Thoughts and Reflections Links Aidan mentioned in the episode: Men In Black sequence: https://youtu.be/OKnpPCQyUec?si=KSGb25FeP72Nvi7T Family Guy: https://youtu.be/7et6-nByfw8?si=6zIfUIQE1XlFL-oH Byron Reese: https://byronreese.com…

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