hen faced with the need to innovate, many companies establish “skunkworks” or special units to be their innovation engines. Obviously, this only adds to the silo-rific corporate culture, in which the “chosen few” are deemed to have all the best ideas, leaving the rest of the company scratching their heads on how they can contribute.
Businesses today exist in a radically changing marketplace. In the blink of an eye you can go from being a winner to a loser. New pressures exerted by digital technologies, globalization, cultural diversity, and the sheer variety of available digital tools force companies to rethink everything they are doing – from advertising to product innovation to staffing.
I’ve always been an entrepreneur who’s worked at the edge of innovation by launching start-ups. But I rarely see the same innovative thinking that happens at a start-up applied and integrated into larger corporate systems. Until I met Paul Estes.
The law industry is famously risk averse, not known for being cutting edge or embracing new technology. This is why I find the collaboration between the idea management platform Wazoku and the global law firm Allen & Overy (A&O) fascinating and encouraging.
One of the things I’ve been trying to do better this year is listen to my customers. It seems listening is a very difficult skill to learn. Asking a provocative question is one thing; listening well to the answer is quite another. Really listening depends in part on making yourself innocent again.
A few weeks ago I returned from the 2019 TED conference in Vancouver and was struck that the conversation about the future of work and the gig economy had moved from the fringe to the center. I like the shift that’s happening.
Lyft and Uber going public may change the way investors and the general public view the gig economy.
The story of the song Old Town Road is a preview of the new economy. The rapper, Lil Nas X, was throwing stuff up on Soundcloud that he’d recorded in the closet of his bedroom. He was going through YouTube listening to beats.
As a society, we’ve never had more access to information and share our opinions. And more, our brands have access to more data than ever before. Over the last few weeks I’ve seen a cultural shift in recognizing and being open to how we must evolve, use this in our favor and acknowledge that consumer driven co-creation is happening.
Most of us don’t think about our water supply beyond the fact that we need and use it every day to survive. But my awareness of what it takes to provide communities with potable water has increased over the past few months, thanks to our Open Assembly Collective member Yorkshire Water.