How to Kill a Unicorn: How the World's Hottest Innovation Factory Builds Bold Ideas That Make It to Market (Mark Payne, 2014)

-

  • If you’re only looking at one side of an innovation challenge, the angle you take to get through the first may miss the second by a mile
  • Improved innovation techniques - two-sided thinking starts day one, pick big problems and not just interesting ones, connect across the dots, build win-win ideas at the crossroads, sweat more at the front end and less at the back, nail your two-sided elevator pitch
  • You give one chocolate, competitor give 3, don’t really know what customers want and annoyed them - should know analytics
  • Corporate commonly focus on marginal improvements and leapfrogging in technology - should focus on strategy instead
  • Before we start hunting for a solution, it is aligned within the company vision?
  • How can our loyalty program work and feel more like human loyalty?
  • Palatable - please, acceptable, satisfactory
  • Transformation initiatives - assume transformation is necessary (what will we transform?) > cultivate a healthy respect for present reality > temporarily forget what you know > how likely your competitors are not working on the same question are care > move the camera around the room > learn to hear the thundering sound of the thing that isn’t being said
  • Pringles created Rice Infusion chip to debunk competitors’ accusation
  • Learn from spatula - aim beyond small improvements > have future compete with the past > hunt for late mover advantage, if were to start this business today what does it look like > big flip never happen by accident > do not neglect the potency of core competency > opportunities are probably hidden in plain sight
  • Innovation insights - (consumer insights) functional, emotional, choice-based, interpersonal, behavioural, contextual, experiential. (commercial insights) financial, operational, competitiveness, channel-based, portfolio-based, technology, organisational
  • Innovation stage - Blue sky: grow me, fishing trip: interest still underdeveloped, jump shot project: clear, specific goal with recognised strategic and economic value to the business, layups: make the leap and convert the opportunity
  • Innovation rules - where you land matter, where you start is irrelevant. Build ideas at crossroads for win-win. Don't get seduced by product features and lose sight for clear and simple transformation. Always look ahead.


Popular posts from this blog

Kokology Questions & Answers

-
[These are extracts only, to see the full details kindly purchase the original book] Kokology is the study of kokoro (Japanese: 心) which in the aforementioned language means "mind" or "spirit". ... The books were published in 1998 in Japan and became a Japanese bestselling phenomenon. The books were translated and became available in the United States in 2000. Below are some questions and answers for sharing: A Desert Journey Boring class settings, you drifted away and enter the eternal desert... 1. You are riding a camel and you are near exhaustion, what will you say to the camel? 2. Before you die of thirst, a traveler point to you a oasis, who is this person you know? 3. You finally come to your destination which is a town, what is your feeling? 4. After you dismount, another person took over, who is this guy? - 1. What happened when love is lost? 2. Who always help or comforted you? 3. What is your feeling after getting past lost love?...
Read more

Neuro-Linguistic Programming Models Summary (02 of 14)

-
GeneraliSation The The Meta Model generaliSations make explicit the way we summarise and categorise our experiences. Generalisations are basically the rules we use to manage life. There are usually exceptions or counter examples to rules. These rules and categories create self-imposed or company wide limitations. Examining these limitations is a powerful problem solving strategy. By generalising one or a few experiences, we can figure out what to do in a different experience. We learn to drive a particular car, and then use that experience to drive a new one. If we weren’t able to generalise, we would have to learn how to drive all over again. Problem Solving Examining categories and generalisations is an excellent creative problem solving strategy. What are the experiences that come to mind when you think of money for instance? We typically use an emotionally charged experience to stand in for all our experiences in a category. We generalise and categorise all kinds ...
Read more

Neuro-Linguistic Programming Models Summary (11 of 14)

-
The Inner Hero Pattern Beat the drum and let the poets speak. This is the day of purification for those who Are already mature and initiated into what love is. No need to wait until we die! There’s more to want here than money And being famous and bites of roasted meat. --Rumi Life can be lived in many ways. You can make it about making money or winning at all costs, or pleasing other people, or perhaps never standing out. Or you can live your life as a great journey of consciousness, one filled with many challenges and surprises, one that makes a positive contribution to the world. I want to talk here a bit about these different paths, emphasising that the Self-Relations approaches of Generative Self and Generative Trance are especially tools for supporting the latter path. Life as a journey has been described by many people, most notably the mythologist Joseph Campbell.  Campbell (1949; Gilligan and Dilts, 2009) studied the stories of many different cultur...
Read more