industry

Big-Time Change Ahead for College Campuses

Last week I wrote about how disruptive innovation from mobile technologies is turning the banking industry upside down. Now it’s higher education’s turn. As a parent footing the bill for a college student, I say it’s about time! An article in the Wall Street Journal reports that since 1990, the cost of attending college has…

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Your Phone is Now Your Bank: Are You Ready for Disruptive Innovation?

Does your bank fit inside your cell phone? If not, it soon will. And if today’s banks don’t come to terms with this fact very soon (as in starting yesterday), they may no longer exist in 10 or even five years. How’s that for disruptive innovation? I just finished reading Bank 3.0 —Why Banking Is…

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Take the Innovation Self-Test

Ever wonder why some companies seem to effortlessly come out with one great innovation after another while others struggle to get even one new product or service out the door? There’s a reason for it. Innovation is a complex process that involves a lot more than just throwing money at an R&D department and hoping…

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How to Be a Top 50 Innovator

FastCompany recently released its list of the world’s 50 most innovative companies. Many of the names on the list come as no surprise, especially the top three (Apple, Facebook, and Google). But what caught my attention was the diversity of companies and industries represented. Technology and Internet companies dominate the list (again, no surprise). But…

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Shifting From Strategic Planning to Strategic Agility

At the end of last year, I wrote about the need to put the old strategic planning model out to pasture and embrace a new method that focuses on developing strategic agility. Here’s why this is so critical. At its core, strategic planning involves a process of analysis. You do some research into what is…

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Don’t Get Blinded By Your Own Data

Remember the good old days when products, markets, and industries had fairly predictable lifecycles? Back then, carefully managing a few key metrics was usually enough to ensure the continued health of the business. As long as sales and revenues held steady or continued to grow, we could remain reasonably confident regarding the future of the…

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Do You Have the Courage to Fail?

If you follow the tech industry you probably noticed Google’s decision to shut down their much-ballyhooed Google Wave after only one year of operation. You might also have noticed the”wave” of criticism from technology bloggers and industry writers that immediately followed. For those not familiar with it, Google Wave is a real-time collaboration tool that…

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Are you willing to crawl through the mud for innovation?

Have you seen the new HBO made-for-TV movie called “Temple Grandin?” It’s a powerful story about a woman, Temple Grandin, who overcame autism to become one of the most influential figures in today’s livestock and animal husbandry industry. Not only is Temple’s story a testament to the ability of the human spirit to overcome tremendous…

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Are You Overdue for An Assumption Inventory?

It’s been said that in today’s chaotic markets, the only sustainable competitive advantage may be the ability to learn faster than your competitors. I disagree. The ability for leaders and managers to learn quickly is certainly a critical advantage. Especially in industries where new technologies and/or rapidly changing customer expectations can disrupt the status quo…

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Are Your Best Practices Your Worst Enemy?

When I speak to CEO groups, trade associations, and industry conventions, this is one of my favorite questions to ask. Why? Because I love the reaction from the audience. They look at me like I’m nuts! Questioning the sanctity of best practices in a roomful of corporate leaders and managers is like walking into a…

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