Corporations have begun to adopt innovation methods and principles they observe in startups (having long forgotten their own entrepreneurial roots). For example, GE’s FastWorks program is modeled upon Eric Ries’s Lean Startup philosophy, aiming to radically transform the way the 122+ year old company introduces new products and services to market. GE deserves credit for its widespread approach to encouraging
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If you want a simple measure of whether or not your company truly encourages ‘thinking and acting like a start-up’, aka believes in corporate entrepreneurship, you need only to measure the ratio of innovation self forming teams (ISFT’s) vs. the usual world of innovation by entitled corporate royalty, commanding siloed armies of conscripts. Think about it as the Athenian vs. Spartan ratio of innovation. There
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In Part I of this blog, I introduced the age-old secret of entrepreneurship – understanding the essence of what you’re really selling, i.e. defining the intrinsic quality of your product or service that compels your customers to want it. This is also referred to as the ‘value proposition’ or ‘deep meaning’ of any particular offering, elucidating the reason ‘why’ someone
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The Platypus is one of the world’s most amazing creatures, with an almost impossible combination of mammal, reptile and bird DNA and features – what other amphibious, furry animal is capable of electro-detection, poisonous stinging, laying eggs, and waddling like a duck? Platypus means “Flat Foot”. The Platypus is nature’s Plug & Play, a prime example of Platform or “Flat
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Necrophone 