loader from loading.io

The Art of Selecting an Innovation Mentor

Killer Innovations with Phil McKinney

Release Date: 02/27/2024

How to Get Smarter by Arguing with People who Disagree with You show art How to Get Smarter by Arguing with People who Disagree with You

Killer Innovations with Phil McKinney

What if I told you that the people who disagree with you are actually your secret weapon for better thinking?  Just last month, my wife and I had a heated argument about studio changes I wanted to make here on the ranch. Her immediate reaction was about cost. Mine was about productivity and creativity. We were talking past each other completely. But when I applied what I'm about to teach you, we discovered we were both right—and found a solution that addressed both concerns without compromising either. What started as an argument became a session where each of us was heard and...

info_outline
How to See Opportunities Others Miss show art How to See Opportunities Others Miss

Killer Innovations with Phil McKinney

In 2005, I had a ten-minute conversation at San Jose Airport that generated billions in revenue for HP. But here's what's fascinating: three other HP executives heard the exact same conversation and saw nothing special about it. If you read Monday's Studio Notes, you know this story from the emotional side—what it felt like to have that breakthrough moment, the internal resistance I faced, the personal transformation that followed. Today I'm delivering on my promise to give you the complete tactical methodology behind that insight. I'm going to show you the systematic framework I call...

info_outline
5 Questions That Can Spot Breakthrough Innovations Before They Happen show art 5 Questions That Can Spot Breakthrough Innovations Before They Happen

Killer Innovations with Phil McKinney

In October 1903, The New York Times published an editorial mocking the idea of human flight, stating that a successful flying machine might take "from one to ten million years" to develop through the efforts of mathematicians and engineers.  Eight weeks later, on December 17, 1903, the Wright brothers achieved the first powered, controlled flight over the beaches of Kitty Hawk, North Carolina, proving the skeptics wrong. The smartest people in the world got this catastrophically wrong. What does that tell us about impossibility itself? Every industry has billion-dollar opportunities...

info_outline
I Evaluated over 30000 Innovation Ideas at HP show art I Evaluated over 30000 Innovation Ideas at HP

Killer Innovations with Phil McKinney

Your best innovation ideas aren't losing to bad ideas – they're losing to exhaustion. I know that sounds counterintuitive. After 30 years of making decisions at HP and CableLabs, I thought I understood why good ideas failed. Market timing. Technical challenges. Resource constraints. Sometimes that was the case … but most of the time, I was wrong. We've created an innovation economy that's too innovative to innovate. And if you're wondering why your breakthrough ideas keep getting ignored, dismissed, or tabled "for later review," this video will show you the real reason. I'm going to...

info_outline
How To Master Lateral Thinking Skills show art How To Master Lateral Thinking Skills

Killer Innovations with Phil McKinney

A software engineer grabbed a random word from a dictionary – "beehive" – and within hours designed an algorithm that saved his company millions. While his colleagues were working harder, he was thinking differently. This breakthrough didn't come from luck. It came from lateral thinking – a systematic approach to finding solutions hiding in plain sight. I'm Phil McKinney and welcome to my Innovation Studio. In this episode, we will cover the lateral thinking framework. Not theory – a practical, step-by-step system you can use immediately. You'll try your first technique in the next...

info_outline
Why Fail Fast Innovation Advice is Wrong show art Why Fail Fast Innovation Advice is Wrong

Killer Innovations with Phil McKinney

The most popular piece of innovation advice in Silicon Valley is wrong—and it's killing great ideas before they have a chance to succeed. I can prove it with a story about a glass of water that sat perfectly still while a car bounced beneath it. My name is Phil McKinney. I spent decades as HP's CTO making billion-dollar innovation decisions, and I learned the hard way that following "fail fast" advice cost us billions and robbed the world of breakthrough technologies. Today, I'm going to share five specific signs that indicate when an idea deserves patience instead of being killed...

info_outline
Innovation Partnership Autopsy: HP, Fossil, and the Smartwatch Market show art Innovation Partnership Autopsy: HP, Fossil, and the Smartwatch Market

Killer Innovations with Phil McKinney

Innovation partnerships can create breakthrough markets—or hand them to competitors through terrible decisions. I know because I lived through both outcomes. Bill Geiser from Fossil and I had it exactly right. We built the MetaWatch—a smartwatch with week-long battery life, Bluetooth connectivity, and every feature that would later make the Apple Watch successful. We had HP's massive retail reach, Fossil's manufacturing scale, and the technical vision to create an entirely new market. But our organizations couldn't execute on what we knew was right. Leadership chaos at HP and innovation...

info_outline
Why Great Innovators Read Rooms and not Just Data show art Why Great Innovators Read Rooms and not Just Data

Killer Innovations with Phil McKinney

You know that moment when you walk into a meeting and immediately sense the mood in the room? Or when a proposal looks perfect on paper, but something feels off? That's your intuition working—and it's more sophisticated than most people realize. Every leader has experienced this: sensing which team member to approach with a sensitive request before you've consciously analyzed the personalities involved. Knowing a client is about to object even when they haven't voiced concerns. Feeling that a project timeline is unrealistic before you've done the detailed math. That instinctive awareness...

info_outline
Why Your Best People Give You The Worst Information show art Why Your Best People Give You The Worst Information

Killer Innovations with Phil McKinney

The $25 Million Perfect Presentation Picture this: You're in a conference room with 23 executives, everyone has perfect PowerPoint presentations, engineering milestones are ahead of schedule, and you're about to sign off on a $25 million bet that feels like a sure thing. That was the scene at HP when we were developing the Envy 133—the world's first 100% carbon fiber laptop. Everything looked perfect: engineering was ahead of schedule, we projected a $2 billion market opportunity, and the presentations were flawless. Six weeks after launch, Apple shifted the entire thin-and-light laptop...

info_outline
3 Innovation Decision Traps That Kill Breakthrough Ideas (And How to Avoid Them) show art 3 Innovation Decision Traps That Kill Breakthrough Ideas (And How to Avoid Them)

Killer Innovations with Phil McKinney

Every breakthrough innovation starts the same way: everyone thinks it's a terrible idea. Twitter was dismissed as "breakfast updates." Google looked "too simple." Facebook seemed limited to "just college kids." Yet these "stupid ideas" became some of the biggest winners in tech history. After 30 years making innovation decisions at Fortune 100 companies, I've identified why smart people consistently miss breakthrough opportunities—and how to spot them before everyone else does. Why Smart People Miss Breakthrough Ideas The problem isn't intelligence or experience. It's that we ask the wrong...

info_outline
 
More Episodes

Navigating the intricate realm of innovation is akin to sailing without a map, a challenging endeavor. That's where the invaluable role of an innovation mentor comes into play, acting as a guiding force. Picture them as friends always armed with the best advice, guiding you through launching your venture, shaking things up at work, or bringing your ideas to life. They serve as a reliable beacon, lighting the way and steering you through rough waters.

The Role of an Innovation Mentor

Discovering a mentor to navigate the innovation maze isn't merely about hiring an expert or a quick-fix coach. An innovation mentor is your adept ally in the professional world, brimming with experience and a genuine desire to elevate your innovative spirit. Beyond dictating actions, they're committed to the long haul, offering support and sharing insights to help you think creatively and turn ideas into reality.

What does having an innovation mentor mean? It's like teaming up with a seasoned companion who's been through innovation's challenges. They provide wisdom from their own experiences, offering guidance, cheering you through hurdles, and encouraging different ways of thinking. An innovation mentor doesn't just offer advice; they foster a connection and actively contribute to your growth.

It's more than a transaction; it's about building a connection, growing together, and achieving success as a team.

Complexity of Mentor Matching

Finding the right innovation mentor is akin to searching for a vintage gem in a thrift store—it requires sorting through a myriad, and outcomes can be hit or miss. Amidst the proliferation of fancy titles on LinkedIn, spotting a genuine mentor becomes challenging. The key is to sift through the noise and identify someone who genuinely stands out, connects with your values, and is as invested in your success as you are.

How do you know if a mentor is the key to your success or just another calendar entry? The answer lies in investing time to talk with potential mentors, relying on intuition. Impressive backgrounds and recommendations can sometimes be misleading; the best fit often surprises you—the individual whose values align with yours.

Personal Experience With Mentors and Mentees

Drawing from over 40 years of experience with my mentor, Bob Davis, it's evident that mentorship goes beyond transactions. It's a merging of shared values, mutual respect, and a commitment to learning. Commitment, honest communication, and mutual time investment are crucial for a rewarding experience when mentoring others. The connections formed and the growth of mentees continue to motivate me to be the best mentor.

Before hitting the search button for a mentor, reflect on why you are seeking one and what you hope to gain. It's about more than opening doors; it's finding a genuine connection and partnership to navigate innovation challenges successfully.

Qualities of an Innovation Mentor

A remarkable innovation mentor is more than a sideline cheerleader or someone who tells you what you want to hear. They're akin to a coach deeply involved in the game. They challenge your ideas, bring experience, root for your success, and ensure you stay on the right path.

The eight qualities you should look for in an innovation mentor are:

1.      Visionary Insight: The best mentors possess a keen foresight that sees beyond current trends and anticipates future shifts. Like a seasoned chess player, they guide mentees through moves that position them for long-term success.

2.      Empathy and Understanding: They deeply understand the mentee's journey and can relate to their experiences. This empathy establishes trust and a safe space for open dialogue and vulnerability.

3.      Adaptability: Innovation is synonymous with change; a top-notch mentor navigates these waters with poise. They adapt their guidance to suit the mentee's evolving needs rather than sticking to rigid doctrines.

4.      Unwavering Commitment: They are consistently available and invested in the mentee's growth, providing support through thick and thin. Their commitment is a stabilizing force amidst the chaos of innovation.

5.      Skilled Communication: The ability to articulate complex ideas simply and to listen actively is paramount. They challenge mentees with questions that spark reflection and creative thinking.

6.      Resilience in Failure: Mentors should celebrate successes and provide a resilient frame for overcoming setbacks. They teach that failure is not a setback but a necessary step toward innovation.

7.      Ethical Integrity: They exemplify the highest standards of ethics as individuals and professionals, serving as role models for ethical decision-making in a challenging business landscape.

8.      Network Savviness: An effective mentor brings a wealth of connections and understands the power of networking. They help mentees access crucial resources and opportunities that might otherwise be out of reach.

Benefits of Mentorship

A robust innovation mentorship goes beyond offering tips—it transforms your perspective, opening new paths. Here are some of the benefits that strong innovation mentorship can yield:

1.      Enhanced Problem-Solving Skills: Mentorship elevates your ability to tackle complex problems by fostering critical thinking. Mentees develop sophisticated strategies to face challenges by observing and discussing approaches with a mentor experienced in innovative problem-solving.

2.      Accelerated Professional Development: A mentor's guidance can fast-track a mentee's career progression by identifying and honing key skills essential for advancement, often leading to opportunities that may have taken years to materialize organically.

3.      Expanded Professional Network: Mentors often introduce their mentees to a vast network of industry professionals, providing connections and the social capital necessary to thrive in competitive environments.

4.      Increased Confidence: With a mentor's support, mentees are encouraged to step outside their comfort zones, leading to a significant boost in self-assurance, which is crucial when asserting ideas and taking on leadership roles.

5.      Heightened Innovation and Creativity: Exposure to a mentor's creative process and innovative thinking spurs mentees to explore new ideas and approaches, fostering innovation within themselves and their teams.

6.      Better Risk Management: Learning from a mentor's past experiences helps mentees navigate risks and understand the nuances of risk-taking, which is essential for innovation.

7.      Sustained Learning and Growth: Mentorship instills a continuous learning mindset, ensuring that the quest for knowledge and improvement doesn't end with formal education but becomes a lifelong journey.

8.      Holistic Personal Development: A good mentor understands the importance of balance and can guide mentees in areas beyond professional life, contributing to their overall well-being and personal fulfillment.

So, are you making a splash, or is it time to toss that pebble in the pond? Your mentor's influence has the potential to shape those ripples—choose wisely.

The Investment in Innovation Mentorship

Selecting a mentor is a significant decision akin to choosing a guru, your Yoda. They are the ones you'll turn to when your career hits turbulence, equipped with the map to guide you through it. However, it's not a one-time arrangement; you must be ready to introspect, invest effort, and face challenges. Mentorship is your shortcut to accelerated growth, providing skills for long-term success.

Mentorship is not just about receiving facts; it's about acquiring skills that empower you to thrive in the long run. The mentorship magic lies in imparting skills, not just facts. So, are you ready to dive into the mentorship pool? Choose wisely, put in the effort, and reap the benefits of a robust innovation mentor-mentee relationship.