How do you decide when to double down on an initiative or when to walk away?

This kind of strategic decision making is one of the top skills innovators must master. Here’s how I make the decision without letting my pride take over: Data-Driven DecisionsI insist that every project measure what I call Pivot Indicators. These are pre-defined metricsthat answer two important questions: “When will we know if it’s not working?” … Read more

Book Review: Man’s Search for Meaning

The Big Idea: It’s the story of one man’s experience in 4 different concentration camps over 3 years. He details the brutal, unimaginable treatment that he endured, the loss of everyone he loved, and how, through all of that, he didn’t lose meaning in his life. A practicing psychiatrist both before and after the war, … Read more

Book Review: Think Again by Adam Grant

The Big Idea: To beat the overconfidence effect in yourself and others you need to argue like you’re right but listen like you’re wrong. Background: Adam Grant was the youngest tenured professor at Wharton School, receiving tenure at the age of 28. He specializes in organizational psychology. He has been Wharton’s top-rated professor for seven … Read more

Measuring Value Metrics

The data you choose to measure to test the success of a project is very important. If you measure vanity metrics instead of measuring real value based on the strategic goals of the organization, you could end up with a warehouse full of cupcake supplies. The metrics you choose to measure the success of any … Read more

How Higher Education Is Killing Entrepreneurial Thinking

A few weeks ago, at the National Association of Community College Entrepreneurship (NACCE) Conference, I took part in a panel discussion on the subject of preparing our future workforce for entrepreneurial thinking. As companies increasingly express an interest in creative, innovative employees, one of the hottest questions in entrepreneurship education has become, “How do we … Read more

Are You Fostering Or Killing Innovation In Your Organization?

Launching new products and services is the only way to stay competitive in the new economy. Unfortunately, most companies have a process in place that stifles innovation. I recently gave a TEDx talk titled “Our Approach to Innovation is Dead Wrong” about why our traditional thinking with regard to launching new products or initiatives is actually killing those new ideas … Read more

How To Significantly Reduce The Risk and Expense of Innovation

Corporate innovation is all the rage these days. With plenty of money and time at their disposal, employees have ample resources to create the next big thing. But before they commit too many resources to an idea, these intrapreneurs can learn a lot from successful entrepreneurs who operate with fewer resources. Innovation within a corporation … Read more