For whatever reason, corporate innovation has become synonymous with new business development – but that isn’t the only way to sense for change and encourage the bold and aggressive innovation that today’s world needs from large corporations, idling on the sidelines of cash while the very real game of human happiness sputters. Taking a step back, most agree with the
Read more
Stumbled upon a quote by Peter Thiel about the motivation to start a company (or a new business within an established company, for that matter). “…You don’t start a company for the sake of starting a company. The good reason to start a company is because it’s the best way to solve some important problem that would otherwise not get
Read more
A ‘Minimum Viable Product’ or MVP is a business tool to reduce the inherent uncertainty with introducing new products in unknown market spaces. It is based on the age-old business practice that one must balance the level of investment with appropriate risk – that as one reduces business risk, one can gradually increase the level of investment. MVP’s reduce, not
Read more
Since everyone else seems to be revisiting Christensen’s theory of disruptive innovation these days, the contrarian that I like to be.. I’d like to revisit Drucker – in a positive way. Still the most renowned and cited management consultant in recent times, the Austrian Peter Drucker, offered a radical view of business endeavors. He claimed the purpose of a business
Read more
Back in 1999, minty-fresh from my Sloan MBA and stint at the Boston Consulting Group, I thought I knew all there was to know about ‘survival’ business jargon. This namely consisted of what I called the ‘big eight’ buzzwords: The first four related to top-line growth, namely: Strategy, Competitive Advantage, M&A (when you have no competitive advantage but you have
Read more
When the American auto industry desperately needed help in the 1980’s to catch up to foreign competition, namely from Japan, it essentially followed the motto: ”If you can’t beat them, join them.” Unconditionally, American auto companies gradually adopted a management philosophy that came to be known as “Lean Production” to improve competitiveness in operations, from logistics to manufacturing and sales.
Read more
Necrophone 