1 day agoMember-onlyHow LEGO used Agile Principles to Accelerate InnovationAgile methods — in which work is done in parallel by cross-functionally staffed teams — has been the subject of a lot of hype. How refreshing, then, to discover examples of firms making it work in real life. One of the protagonists of the Lego story, Lars Roost, will be…Thoughtsparks8 min read
Aug 12Member-onlyFlywheels vs. Relationships — Why your business architecture matters to your initial marketing planIn developing an initial marketing plan, it is crucial not to be confused about what kind of business architecture you are building in order to establish your initial metrics for success. Geoffrey Moore has a great way of capturing this in the distinction between complex systems versus volume operations sales. …Thoughtsparks5 min read
Aug 3Member-onlyFrom Funnels to FlywheelsTraditional sales organizations used the concept of a sales “funnel” to describe the process through which potential customers move, ending up with sales at the end. Winners today have abandoned that way of thinking in favor of building flywheels — business models in which every element reinforces every other. Ah…Funnels4 min read
Jul 18Member-only7 Ways to Take Smart Career Risks: Lessons from Sharon Price John, CEO of Build-A-Bear WorkshopFear is one of the great barriers to career advancement. Sharon Price John’s fabulous career is full of lessons on how to get past those fears and get out of your own way. Being afraid to ask for that next job. Being afraid to take credit. Being afraid to speak…Rita Mcgrath4 min read
Jul 13Member-onlyBoris Johnson, How the Powerful Escape Consequences and Jeff Pfeffer’s Fantastic BookOne of Pfeffer’s 7 rules of power is that “Success Excuses (almost) Everything: Why This is the Most Important Rule of All. Which perhaps explains why Britain’s Boris Johnson was able to hang onto power for so long…. And perhaps why he finally lost it. Jeffrey Pfeffer is a dear…6 min read
Jul 7Member-onlyYou can’t tackle complex systems with linear thinkingAs Daniel Kahnemann has pointed out to us, while the human brain is a remarkable organ, it also has its limitations. One of these is that it is built to conserve energy. What that in turn means is that we readily engage in fast, linear thinking when the challenges we…Thoughtsparks6 min read
Jul 5Member-onlyEyes glaze over when we talk about inflation? You’re not alone. But what you don’t know can hurt you.For anybody born after about 1985, meaning most folks under 40, all this talk about inflation seems kind of old-timey. Indeed, as Public Radio host Kai Ryssdal (citing a story in the Onion, of all places) pleads, hey, come on, pay attention, this is really important! 1982 is a long…Thoughtsparks6 min read
Jun 28Member-onlyPandemic — and reopening — surprisesWhen an inflection point comes to a head, human beings are remarkably ingenious in adapting to its requirements. It may not be fun, but we figure it out. But when the changes wrought by the inflection point settle in for good, a lot of re-learning and adjustment needs to happen. When the world as we knew it ended …Thoughtsparks7 min read
Jun 24Member-onlyWho knew there is so much in common between the rare successes in mega-projects and innovation?Photo: The Walt Disney Concert Hall in Los Angeles, designed by Frank Gehry Bent Flyvbjerg studies spectacular mega-project flameouts. I study (often) spectacular innovation mis-steps. Who knew the process that produces both has so much in common? Who knew that the path to success is knowable? And that we can…Thoughtsparks9 min read
Jun 14Member-onlyCounting down Our Top Ten List of Discovery Driven Planning misses — Part 2 (5 through 1)Through Valize, Ron Boire and I have been working with clients to use the tools we have developed to bring Discovery Driven Planning / Discovery Driven Growth to life. Although we’ve got years of experience doing this, and over 100,000,000 hits when you search on the term, it’s still pretty…Rita Mcgrath10 min read