The Innovation Show
A Global weekly show interviewing authors to inspire, educate and inform the business world and the curious. Presented by the author of "Undisruptable", this Global show speaks of something greater beyond innovation, disruption and technology. It speaks to the human need to learn: how to adapt to and love a changing world. It embraces the spirit of constant change, of staying receptive, of always learning.
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Robert Burgelman - The Inescapable Dilemmas of Organizational Adaptation
07/03/2025
Robert Burgelman - The Inescapable Dilemmas of Organizational Adaptation
Strategic Innovation and the Joe Bower Model Extended with Robert Burgelman In this episode, host Aidan McCullen delves into the intricacies of strategic innovation with Professor Robert Burgelman. The discussion focuses on the extension of the Joe Bower model, exploring organizational adaptation, strategic dissonance, and the strategic context process. Burgelman elucidates four types of strategic context processes: rationalizing new initiatives, dissolving core business contexts, the emaciation of strategic contexts, and the fizzling out of proactive strategic contexts. Key insights include the balancing act between positional advantages and distinctive competencies, the dilemmas faced by multi-business companies, and the challenges of insufficient variation and co-evolutionary lock-ins. The episode also touches upon the importance of strategic leadership in navigating these complex dilemmas. This deep dive is a must-watch for anyone interested in organizational strategy and corporate innovation. đ Based on decades of research and experience alongside Andy Grove at Intel, Burgelman offers frameworks every leader needs to navigate uncertainty and disruption. đ§ Hosted by Aidan McCullen đŻ Featuring case studies from Intel, HP, Nokia, Apple, JetBlue & more #RobertBurgelman #OrganizationalAdaptation #StrategicDissonance #AidanMcCullen #InnovationShow #IntelStrategy #NokiaCaseStudy #ClarkGilbert #GaryHamel #AndyGrove #StrategyExecution #CorporateInnovation #LeadershipDevelopment #BusinessTransformation #InnovationLeadership 00:00 Introduction and Sponsor Message 00:45 Welcoming Professor Robert Burgelman 00:59 Strategic Dissonance and Context Processes 02:35 Intel's Strategic Context Evolution 07:13 Clark Gilbert's Duality Insight 09:07 Disruption from Above and Below 16:58 Intel's Competency and Position Traps 27:51 Multi-Business Dilemma 39:35 Adapting Organizations to Changing Environments 40:42 Case Study: Swedish Media Company ER Bony News 42:23 Challenges of Biased Leadership 42:51 Intel's Strategic Shifts and Learning Curves 44:47 Co-Evolutionary Lock-In Dilemma 46:06 Exploration vs. Exploitation in Organizations 47:25 Narrow Business Strategy Benefits 50:44 Corporate Venture Capital and AI 57:08 Disruptive Technology Dilemma 58:21 The iPhone's High-End Disruption 01:00:45 Nokia's Missed Opportunities 01:08:34 Strategic Leadership and Emotional Attachment 01:13:02 Concluding Thoughts and Future Discussions
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Robert Burgelman - Strategic Dissonance and Resource Allocation
06/27/2025
Robert Burgelman - Strategic Dissonance and Resource Allocation
In this episode of The Innovation Show, host Aidan McCullen is joined by Stanfordâs Robert Burgelman, one of the foremost thinkers in strategy and organizational evolution. Together, they explore the idea of strategic dissonanceâwhen a companyâs day-to-day decisions conflict with its overarching strategy. Drawing from his research at Intel, Burgelman unpacks how induced and autonomous strategyinteract in complex organizations and how leaders like Andy Grove navigated high-stakes inflection points. We cover: 00:00 Introduction and Sponsor Message 00:42 Recap of Intel's History and Strategy 02:15 Intel's Early Innovations and Challenges 07:20 The Rise of Microprocessors 09:19 Strategic Shifts and Market Dynamics 14:36 Intel's Strategic Inflection Points 17:26 Internal and External Ecological Systems 24:55 Missed Opportunities and Strategic Inertia 30:23 Analyzing Strategy Models 37:06 Innovative Gel Product Failure 38:49 Forces in R&D and Management 39:30 Resource Allocation and Product Championing 40:50 Strategic Forcing and Market Growth 42:09 Challenges in New Business Development 44:05 Organizational Championing and Strategy 49:36 Cognitive and Political Dynamics 52:39 Navigating Corporate Innovation 01:00:28 Evolutionary Perspective on Strategy 01:01:47 Prospector, Defender, Analyzer, Reactor 01:06:28 Conclusion and Future Discussions
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Robert Burgelman on Strategy Making Intel and Resource Allocation
06/20/2025
Robert Burgelman on Strategy Making Intel and Resource Allocation
In this episode of the 'Hours of Bower' series, sponsored by Kyndryl, we delve into Chapter 3 of 'From Resource Allocation to Strategy' with Professor Robert Burgelman. The discussion centers around a revolutionary view of corporate strategy using Intel Corporationâs transformation over several decades. Professor Burgelman reframes strategy as an emergent and evolving organizational capability, influenced by Intelâs shift from focusing on DRAMs to microprocessors. Key topics include the intricate relationship between top-down planning and emergent strategies, the role of internal and external selection environments, and the concept of strategic dissonance explained through examples from Intelâs history. Join host Aidan and Professor Burgelman as they explore how strategic leadership and innovation can coalesce to drive corporate success in a competitive business landscape. 00:00 Introduction and Sponsor Message 00:30 Overview of Today's Episode 01:50 Guest Introduction: Professor Robert Burgelman 02:21 Early Career and Influences 04:07 Collaboration with Joe Bower 07:11 Intel's Strategic Shift 09:27 Andy Grove and Strategic Dissonance 19:35 Framework for Strategic Leadership 33:32 The Importance of Aligning Actions with Strategy 34:25 Intel's Strategic Shifts and Missed Opportunities 35:35 The Dangers of Dominance in an Industry 37:47 Disruptive Innovation and Strategic Inertia 51:04 Balancing Induced and Autonomous Strategy Processes 52:51 Organizational Ecology and Internal Selection 59:22 HP's Strategic Evolution and Corporate Splits 01:04:12 Conclusion and Final Thoughts
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Clark Gilbert - From Resource Allocation To Strategy
06/14/2025
Clark Gilbert - From Resource Allocation To Strategy
In this episode, long time friend of the show, Clark Gilbert joins us to discuss his book 'Anomaly Seeking Research, 30 Years of Development in Resource Allocation Theory,' co-authored with Clayton Christensen and others. Gilbert elaborates on key themes from the book, including Joe Bower's groundbreaking 1970 resource allocation model, and how this framework has shaped decades of strategic management research. He provides valuable insights into the iterative and multi-level nature of resource allocation processes and how they influence organizational strategy. Real-world examples from various industries, including media and academia, are used to illustrate core concepts. The episode also explores the impact of customer dependency and non-consumption on resource allocation and strategy formation. Sponsored by Kyndryl, this episode offers a deep dive into how innovative strategies are developed and executed across different sectors. 00:00 Introduction and Sponsor Message 00:34 Purpose of the Book and Key Insights 01:59 Clark Gilbert's Journey and Joe Bower's Influence 03:21 Resource Allocation Theory in Practice 08:19 Anomalies and Theoretical Insights 09:46 Real-World Applications and Case Studies 18:33 Personal Reflections and Broader Implications 29:04 BYU Pathway and Dual Transformation 31:38 Gary Hamel's Insight on Resource Allocation 32:10 Challenges in Media Transformation 32:38 Digital vs. Analog Dilemma 33:15 Resource Allocation in Practice 36:23 Sales Team Resistance to Digital 38:39 Disruptive vs. Sustaining Innovations 42:24 The Role of Resource Allocation in Strategy 54:42 Non-Consumption and New Markets 58:03 Empathy and Organizational Change 59:15 Conclusion and Acknowledgements Previous Episode with Clark Gilbert: https://theinnovationshow.io/episode/clark-g-gilbert-on-dual-transformation/
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Joseph L. Bower on Resource Allocation and Strategy
06/09/2025
Joseph L. Bower on Resource Allocation and Strategy
Joseph L. Bower on Resource Allocation and Strategy "Where you stand depends on where you sit." In this exclusive episode of The Innovation Show, Harvard legend Joseph L. Bower shares the untold story behind his groundbreaking work on Resource Allocation to Strategy â a theory that has shaped generations of business leaders, strategists, and scholars. Bower reveals: How real strategy emerges through the decisions of middle managers Why structure drives strategy more than PowerPoint slides do What we can learn from Lou Hughes at Opel, and the power of acting before HQ gives permission Insights into companies like GM, Timken, and even Tesla This is a masterclass in how strategy really works â not in theory, but on the ground. Revisit the origins of strategic thought that still matter today. 00:00 Introduction and Sponsor Announcement 00:42 Introducing the Guest: Joseph L. Bower 03:16 The Origins of Resource Allocation Theory 05:30 Insights from the Field: Case Studies and Key Learnings 17:26 The Role of Empathy and Perspective in Management 20:57 Case Study: Opel's Strategic Response to the Berlin Wall 35:38 Case Study: Timken's Bottom-Up Acquisition 38:04 The Importance of Learning and Adaptation in Strategy 52:59 Conclusion and Final Thoughts 53:25 Closing Remarks and Sponsor Acknowledgment Thanks to our sponsor Kyndryl:
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Gary Hamel - Strategic Intent
05/31/2025
Gary Hamel - Strategic Intent
The Power of Strategic Intent: Insights with Gary Hamel | Aidan McCullen In this episode, Aidan McCullen and Gary Hamel dive into the key principles of strategic intent and how companies can maintain competitiveness in a rapidly evolving market. They explore concepts like building layers of advantage, searching for vulnerabilities in competitors, and the importance of continuous learning and innovation. Using examples from the Japanese auto industry to modern companies like Komatsu and Roche, Hamel explains how ambitious strategy is vital for long-term success. This discussion is rooted in Hamel's acclaimed article 'Strategic Intent,' co-authored with CK Prahalad, offering timeless lessons for business leaders. 00:00 Introduction to Competitive Strategy 01:16 The Importance of Strategic Intent 05:14 Challenges in Modern Business Thinking 09:09 The Role of Ambition in Strategy 19:00 Case Studies: Komatsu and Beyond 25:39 The Need for Organizational Resilience 28:18 Komatsu vs. Caterpillar: Strategic Responses 28:52 Timeframes in Strategy: Short, Medium, and Long Term 29:25 The Importance of Ambitious Goals 30:56 Learning and Flexibility in Organizations 32:25 Strategic Intent vs. Strategic Planning 34:51 Challenges and Feasibility in Strategic Goals 36:41 The Role of Strategic Intent in Leadership 45:53 Building Competitive Advantage Through Skills 48:59 Global Competitors and Layers of Advantage 52:53 Final Thoughts and Recommendations The 1989 Article: The Small Book:
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Gary Hamel - What Matters Now Part 2
05/25/2025
Gary Hamel - What Matters Now Part 2
Gary Hamel joins us to delve into part 2 of his book 'What Matters Now,' exploring the crucial role adaptability plays in the modern world. Gary discusses how rapid, multifaceted changes define our age and the stress it places on individuals and institutions. Using various industry examples, from mobile phones to airlines, he emphasizes the importance of continuous reinvention and the challenges businesses face, such as strategic decay and the need for innovation. Hamel also highlights the impact of human foibles on organizational success and the necessity for honesty and humility in leadership. This conversation provides valuable insights into thriving in a world characterized by relentless change. 00:00 Introduction and Welcome 00:10 Adaptability in a Rapidly Changing World 00:47 Historical Perspective on Change 01:35 Technological and Social Upheaval 02:31 Examples of Industry Disruption 04:12 The Challenge of Continuous Reinvention 06:08 The Role of Values and Habits 08:54 Understanding Strategy Decay 13:51 The Predictable Demise of Strategies 20:26 The Corrupting Nature of Success 24:12 Identifying Defensive Language in Organizations 25:14 The Importance of Humility and Adaptability 25:34 Lessons from Radiohead and Resourcefulness 26:58 The Impact of Market Shifts on Companies 27:32 Strategic Agility and Human Foibles 28:07 The Changing Landscape of Education 30:44 Fashion Industry Trends and Predictions 33:56 Encouraging Innovation and Risk-Taking 40:28 The Farmer vs. Rancher Analogy 46:11 Concluding Thoughts and Contact Information
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Gary Hamel - What Matters Now Part 1
05/18/2025
Gary Hamel - What Matters Now Part 1
Join us in this insightful episode as we welcome back Gary Hamel, author of 'What Matters Now: How to Win in a World of Relentless Change, Ferocious Competition, and Unstoppable Innovation.' In this episode, Gary discusses his latest book, which provides an agenda for building resilient organizations amidst dynamic global challenges. The conversation delves into the importance of core values such as stewardship, accountability, and equity. Gary also reflects on the 2008 financial crisis and its lessons on ethical leadership and innovation. Tune in to explore how businesses can rehumanize their approach, foster a culture of innovation, and retain a sense of purpose and moral high ground. 00:00 Introduction to the Book and Author 01:22 Dedication and Personal Insights 02:13 Book Structure and Context 03:29 The Importance of Values 04:02 Capitalism and Ethical Challenges 10:50 Learning from the Financial Crisis 16:53 Rediscovering Farmer Values 21:19 Renouncing Capitalism's Conceits 29:16 Reclaiming the Noble in Business 38:07 The Importance of Innovation 45:07 Conclusion and Contact Information Gary Hamel, What Matters Now, Reinventing Management, Future of Work, Innovation Culture, Organizational Change, Capitalism Reform, Moral Leadership, Business Ethics, Corporate Accountability, Management Strategy, Values in Business, Adaptive Organizations, Leadership Innovation, Future-Ready Companies, Strategic Agility, Purpose-Driven Leadership, Post-Crisis Management, Employee Empowerment, Organizational Renewal
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Gary Hamel - The Future of Management Part 2
05/11/2025
Gary Hamel - The Future of Management Part 2
Welcome to part two of our enlightening series with special guest, Gary Hamel. In this episode, we dive deep into Hamel's insights from his book and explore the evolution of unconventional management models through case studies of pioneering companies like W.L. Gore & Associates and Google. We discuss the principles that distinguish innovative organizations, the challenges of breaking free from traditional hierarchical structures, and the critical role of purpose in driving change. With real-life examples and practical advice, this conversation is a must-watch for anyone interested in future-proofing their organization and reigniting the human spirit at work. 00:00 Introduction and Welcome Back 00:39 Exploring Gore's Unique Management Structure 04:13 Leadership and Followership at Gore 06:26 Commitments vs Assignments at Gore 08:07 Innovation and Collaboration at Gore 20:13 Google's Evolution and Challenges 26:25 Management Innovation: A Critical Necessity 27:00 A Disenchanted View of Google 28:17 The Importance of Lateral Communication 29:51 Utilizing Technology for Collective Intelligence 33:18 Challenging Organizational Orthodoxy 47:20 The Role of Purpose in Driving Change 52:39 Concluding Thoughts on Management Reinvention The Future of Management, Gary Hamel, Management Innovation, Leadership, Organizational Culture, Collaboration, Gore, Bill Gore, Gore-Tex, Decentralized Management, Employee Empowerment, Hierarchy, Organizational Design, Innovative Companies, Workplace Culture, Management Practices, Leadership Development, Decision-Making, Peer Evaluation, Team Dynamics
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Gary Hamel - The Future of Management Part 1
05/05/2025
Gary Hamel - The Future of Management Part 1
In this insightful episode, Gary Hamel discusses the foundational ideas behind his book, 'The Future of Management.' Delving into the historical context and evolution of management principles, Hamel explores how long-standing conventions, established by early 20th-century theorists like Frederick Winslow Taylor and Max Weber, continue to shape modern companies. He underscores the need for a radical rethink in organizational management to address contemporary challenges such as innovation, strategic renewal, and employee engagement. Drawing parallels from history, Hamel illustrates how groundbreaking management innovations in companies like Whole Foods, WL Gore, and Nucor have driven exceptional performance. He emphasizes the importance of creating human-centric workplaces that inspire and motivate employees, advocating for a shift away from bureaucratic, control-driven models towards environments rooted in purpose, community, and mutual respect. Join us for part one of this engaging conversation with one of managementâs leading thinkers. 00:00 Introduction to the Future of Management 02:01 The Origins of Modern Management 04:17 The Evolution of Management Innovation 08:49 Military Analogies in Management 12:34 The Layers of Innovation 22:20 Historical Management Innovations 29:56 The Industrial Revolution and Management 36:48 The Overlooked Innovation: Management 37:20 Taylor's Influence on Productivity 38:00 Ford's System and Its Limitations 39:04 Bureaucracy: A Double-Edged Sword 41:32 Adapting to the Knowledge Economy 43:16 The Role of Computational Power and Connectivity 45:50 The Need for Organizational Innovation 53:34 Case Studies: Whole Foods and Gore 01:01:54 Building Human-Centric Organizations 01:05:03 Concluding Thoughts on Leadership and Innovation
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Tom Asacker - Unwinding Want: A Deep Dive into Self-Exploration
04/26/2025
Tom Asacker - Unwinding Want: A Deep Dive into Self-Exploration
Tom Asacker - Unwinding Want: A Deep Dive into Self-Exploration In this episode of the Innovation Show, the Aidan McCullen dives deep into the hidden forces that control our lives with Tom Asacker, the author of 'Unwinding Want.' Drawing on decades of research, Asacker reveals how unconscious self-hypnosis traps us in cycles of overthinking and dissatisfaction. With groundbreaking insights, he exposes the delusions that leave us anxious and lost, advocating for a life of curiosity and self-exploration. Learn how to reframe your wants, understand your internal world, and improve your relationships. The episode also touches on mindfulness, overcoming fears, and embracing the uncertainty that leads to a meaningful life. A must-watch for anyone looking to escape the matrix of reality and find true happiness. 00:00 Introduction to the Hidden Forces Shaping Our Lives 01:04 Welcoming Tom Asacker: Author of Unwinding Want 06:18 Exploring the Concept of Want and Self-Delusion 09:00 The Power of Wonder and Language 11:09 Rewiring Negative Feelings and Embracing Curiosity 25:27 Understanding and Unwinding Delusion 28:23 Exploring the Root of Consumer Habits 29:58 Breaking Free from Work Addiction 31:18 The Illusion of Corporate Loyalty 32:47 Understanding Systems Thinking 35:04 The Power of Mindfulness and Meditation 37:03 Embracing Uncertainty and Creativity 45:29 The Essence of Relationship in Reality 50:42 Final Thoughts on Living Authentically Find Tom: Tom Asacker, Unwinding Want, Innovation Show, Aidan McCullen, Self-Awareness, Mindfulness, Personal Growth, Emotional Intelligence, Curiosity, Internal Freedom, Breaking Habits, Conscious Living, Inner Peace, Zen Philosophy, James Baldwin Quote, Overcoming Fear, Behavioral Change, Awakening, Self-Hypnosis, Reality Perception
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Gary Hamel - Leading The Revolution Part 6
04/22/2025
Gary Hamel - Leading The Revolution Part 6
Welcome to the finale episode of our exploration of Gary Hamel's groundbreaking book, 'Leading the Revolution.' In this episode, Gary Hamel joins the discussion to delve into the timeless principles of innovation that have maintained their relevance despite evolving business landscapes. This episode is packed with insights on creating wealth through revolutionary design rules, fostering new business concepts, and the importance of low-risk experimentation for long-term success. We examine case studies from companies like Disney, Apple, and Shell, highlighting the practical application of these principles. Get ready to be inspired and equipped with actionable strategies to lead your own revolution! 00:00 Introduction and Overview 00:42 The Role of Top Management in Innovation 01:08 Introduction of Guest and Positive Feedback 01:50 Complexity Theory and Simple Rules 04:29 Unreasonable Expectations and Stretch Goals 11:17 The Importance of Elastic Business Definitions 20:02 The Power of a Noble Cause 26:09 The Need for New Voices and Neurodiversity 32:09 Creating a Market for Innovation 36:40 Shell's Game Changer: Internal Innovation Marketplace 38:46 Challenges of Low-Risk Experimentation 39:48 Commitment to Learning and Experimentation 41:43 The Importance of Patience in Innovation 43:47 Cellular Division: A Model for Organizational Growth 47:22 Connectivity: Learning from Other Industries 50:50 Re-engineering the Management Model for Innovation 57:17 Wealth Creation Index and Innovation Metrics 01:00:05 Balancing Big Bets and Learning in Innovation 01:07:01 Final Thoughts: Embracing the Age of Revolution
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Eric von Hippel - Free User Innovation Part 5
04/18/2025
Eric von Hippel - Free User Innovation Part 5
Welcome to part five of our enlightening series on open innovation and free user innovation, featuring Eric von Hippel. In this episode, we delve deep into the concept of user-driven innovation and explore real-world examples from sports and daily life. Eric recounts the origins of mountain biking and innovative techniques in rugby, emphasizing how users are not just passive consumers but active innovators. We also discuss insights on lead user studies and how radical user behaviors are driving change in various fields. Tune in to uncover how you can harness the power of user innovation in your own ventures. 00:00 Introduction and Sponsor Acknowledgment 00:53 Recap of Previous Sessions 01:15 The Importance of User Innovation 03:46 Mountain Biking: A Case Study in User Innovation 06:29 Behavioral Innovations in Sports 10:23 User Innovation in Parenting 13:32 Rugby Innovations: Aiden's Experience 16:56 Final Thoughts on User Innovation 20:47 Lead User Studies and Conclusion Find Eric:
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Gary Hamel - Leading the Revolution Part 5
04/14/2025
Gary Hamel - Leading the Revolution Part 5
In this episode of the Innovation Show, Aiden is joined once again by renowned business thinker Gary Hamel. Together, they delve into the transformative insights from Gary's book 'Leading the Revolution.' The discussion explores how deeply embedded principles of innovation and renewal can help companies navigate and flourish in turbulent industries. Case studies from industry giants like Cemex, UPS, and Charles Schwab illustrate how these companies have reinvented themselves by fostering organizational activism, customer-centricity, and rapid experimentation. Whether you are a leader looking to future-proof your organization or an innovation enthusiast, this episode offers valuable takeaways on institutionalizing change and sustaining growth. 00:00 Introduction and Welcome 00:24 Discussing the Book's Relevance 01:01 Gray-Haired Revolutionaries 02:14 Institutionalizing Activism 02:38 Case Studies: Charles Schwab, UPS, and Cemex 03:12 Challenges in Sustaining Growth 06:35 Reinvention and Resilience 12:33 UPS: From Trucking to Technology 22:29 Charles Schwab: Bricks and Clicks 35:04 Customer Sensitivity in Pricing Strategies 35:42 Southwest Airlines' Unique Approach 37:17 Innovating in Media: A Personal Story 38:38 Pro-Consumer Decisions in Companies 40:06 The Importance of Understanding Value 40:24 Apple's Retail Strategy 44:12 Promoting Innovation at Charles Schwab 48:09 The Numbers Game of Innovation 51:57 Cemex: Innovating in the Cement Industry 01:07:27 Conclusion and Final Thoughts
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Gary Hamel - Leading The Revolution Part 4
04/04/2025
Gary Hamel - Leading The Revolution Part 4
Leading the Revolution: Gary Hamel Explores Corporate Innovation and Change In this episode, we're joined by Gary Hamel, the acclaimed author of 'Leading the Revolution.' Gary delves deep into the essence of corporate innovation and the challenges faced by change-makers within organizations. We discuss how to punch above your weight and capture attention for transformative ideas, the necessity of building coalitions, understanding resistance, and the importance of courage in navigating change. Gary shares profound insights from his book, illuminating how individuals can drive radical change in even the most resistant corporate environments. This conversation is a must-listen for anyone passionate about innovation, strategy, and leading transformative change in business. Discover how to: Challenge outdated business models Overcome organizational resistance Build grassroots momentum for innovation Lead change even when you donât have formal authority This is Part 4 of our deep-dive series on Leading the Revolution, where Hamel outlines the practical playbook for driving radical innovation inside established organizations. Whether you're an intrapreneur, innovation leader, or just tired of business-as-usual, this episode will fuel your fire to lead change from within. 00:00 Introduction and Welcome 00:22 Corporate Rebels and Navigating the Corporate Maze 00:46 The Revolutionary Imperative 00:58 Challenges of Pitching New Ideas 01:35 The Path Less Trodden 02:00 Gary Hamel's Insights on Corporate Innovation 04:04 The Importance of Alignment and Its Pitfalls 07:33 Case Studies of Successful Change Makers 12:31 Building a Point of View and Writing a Manifesto 36:24 Anticipating Resistance and Overcoming Objections 38:47 Navigating Relationship Challenges 39:14 The Four Stages of Denial in Relationships 40:18 Corporate Lessons from Toyota's Success 42:07 The Importance of Confronting Beliefs 44:26 Leadership and Organizational Renewal 46:01 Challenges in Entrepreneurial Companies 49:07 Building Coalitions for Change 01:12:10 The Role of Courage in Leadership 01:16:41 Final Thoughts and Reflections Find the book here: Find Gary here: Find Aidan and the Innovation Show:
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The Legal Boundaries of User Innovation and Patents with Prof. Andrew Torrance
03/29/2025
The Legal Boundaries of User Innovation and Patents with Prof. Andrew Torrance
We welcome Prof. Andrew Torrance, distinguished Professor of Law at the University of Kansas and visiting scholar at MIT, to discuss the complex legal landscape surrounding user innovation and patents. The conversation delves into the freedom and challenges of product innovation, the balance between open and closed inventions, and the ethical implications of experimental treatments. They also explore the historical and ongoing impact of FDA regulations and the role of patents in fostering or hindering innovation. Sponsored by Wazoku, this episode is essential listening for innovators, legal experts, and anyone interested in the intersection of technology, law, and ethics. 00:00 Introduction and Wazoku Sponsor Message 00:27 Upcoming Reinvention Summit 01:01 Previous Episodes Recap 01:28 Introducing Andrew W. Torrance 02:01 Legal Aspects of Free User Innovation 03:29 Experimenting and Sharing Innovations 09:02 Selling Innovations and Legal Implications 11:07 Influencers and Legal Responsibilities 17:21 Trust in the FDA and Alternative Medicine 24:38 Patient Rights and Experimental Drugs 30:44 Patenting Innovations 38:54 Closing Remarks and Contact Information 39:44 Final Wazoku Sponsor Message Andrew on SSRN: Ted Talk: Andrew's most recent talk on âInnovation Hypercycles: The Rise and Fall of Technology Hotspotsâ,
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Gary Hamel - Leading the Revolution Part 3 Be Your Own Seer
03/22/2025
Gary Hamel - Leading the Revolution Part 3 Be Your Own Seer
Welcome back to part three of 'Leading the Revolution' with the legendary Gary Hamel. In this episode of The Innovation Show, Gary and host Aiden dive deep into two key chapters from Gary's books, exploring the principle of learning to be your own seer and the critical distinction between imagination and prediction in innovation. They discuss the importance of psychological safety in fostering creativity within companies and why many organizations fail to imagine the future. Gary shares his insights on developing foresight, the role of contrarianism in innovation, and the necessity of building a foundation of unconventional, differentiated insights for genuine innovation. He also emphasizes the importance of stepping outside the insular corporate environment to seek out underappreciated trends, frustrations customers face, and the deeper, broader questions around societal changes. Packed with practical exercises and real-world examples, this episode offers valuable takeaways for individuals and companies alike aiming to break free from conventional thinking and lead the charge in their industries. 00:00 Introduction and Welcome 00:25 The Importance of Being Your Own Seer 02:23 Imagination and Foresight in Innovation 06:12 The Role of Discontinuities in Innovation 08:11 The Need for Organizational Foresight 09:42 Building a Foundation of New Insights 18:18 Challenges in Allocating Resources for Innovation 25:15 The Importance of Transcendent Themes 29:15 Understanding Deeper Changes in Society 31:24 Impact of Connectivity on Society 32:19 Customer Frustration and Business Opportunities 33:37 Reinventing Education and Knowledge Consumption 34:42 Identifying and Addressing Industry Dogmas 41:20 Empowering Employees for Innovation 46:41 Distinguishing Form from Function in Business 49:07 Encouraging Radical New Possibilities 55:43 Conclusion and Future Topics
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Gary Hamel: Leading the Revolution Part 2 Business Concept Innovation
03/15/2025
Gary Hamel: Leading the Revolution Part 2 Business Concept Innovation
In this episode of the Innovation Show, we dive into Chapter 3 of Gary Hamel's influential book, 'Leading the Revolution.' Gary, one of the early proponents of business model generation, discusses the concept of Business Concept Innovation and how it has reshaped industries over the years. We explore examples of companies like Dell and Apple, which have successfully implemented innovative business models, and we delve into the components of business model innovation, including customer interaction, strategies, and value networks. Gary also shares his insights on overcoming organizational inertia, fostering a culture of innovation, and the importance of rethinking conventional business assumptions. This episode is a must-listen for anyone interested in driving innovation within their organization and staying ahead of the curve. 00:00 Introduction to Gary Hamill Series 00:13 Business Concept Innovation 02:44 Examples of Business Model Innovation 04:41 Expanding the Innovation Horizon 05:49 Defining Radical Innovation 08:49 Challenges in Business Model Innovation 17:07 Importance of Deconstructing Assumptions 26:01 Executive Support for Innovation 37:46 Assessing Company Resources for Innovation 38:24 Challenges in Big Companies vs. Startups 38:38 Haier's Approach to Entrepreneurship 40:42 The Importance of Public Policy in Innovation 44:19 The Role of Government in Business Innovation 44:31 Decadence and Complacency in Organizations 46:03 Historical Examples of Efficient Government 50:46 The Need for Courageous Leadership 51:52 Activism and Innovation in Companies 53:27 Building a Resilient Business Model 56:42 Strategic Decisions in Business Models 59:21 The Importance of Customer Contact 01:03:44 First Mover vs. Smart Mover 01:07:44 Competitive Lockout and Choke Points 01:12:14 Preparing for a Rapidly Changing Economy 01:12:44 Continuous Learning and Personal Responsibility 01:14:03 Conclusion and Contact Information
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Gary Hamel - Leading the Revolution Part 1
03/10/2025
Gary Hamel - Leading the Revolution Part 1
Gary Hamel on Leading the Revolution Part 1 In this episode, renowned business thinker Gary Hamel discusses his book 'Leading the Revolution' with Aidan McCullen, offering an innovative action plan for companies or individuals aiming to stay ahead of the industry. Drawing on successful examples from companies like Charles Schwab, Virgin, GE Capital, and profiling innovators like Ken Kutaragi of Sony PlayStation, Hamel shares how to grow and innovate amidst market chaos. He explores the origin of revolutionary business concepts, key criteria for building activist-friendly and revolutionary-ready companies, the dangers of becoming âone vision wonders,â and harnessing employee imagination. The conversation also reflects on business failures, the cyclical nature of market success, and the essential need for continuous reinvention. Join for invaluable insights on thriving in turbulent times. 00:00 Introduction to Industry Revolutionaries 00:41 Exploring Revolutionary Business Concepts 00:48 Key Criteria for Building Revolutionary Companies 00:55 Avoiding One Vision Wonders 00:59 Harnessing Employee Imagination 01:11 Practical Advice for 21st Century Success 01:23 Welcoming Back a Business Thinker 01:50 Insights from Leading the Revolution 02:37 Honoring Professor Paul Hamel 03:23 Corporate Climate in 2000 03:56 Technological Advancements and Market Shifts 04:43 The Importance of Innovation 05:16 Challenges for Established Companies 06:15 Digital Transformation and Its Pitfalls 06:53 Investment in Technology 09:04 Organizational Orthodoxies 10:42 The Danger of Unchallenged Assumptions 11:19 Examples of Missed Opportunities 15:25 The Future of Retail and Education 17:23 The Importance of Humility in Leadership 18:24 Case Study: Sony's Rise and Challenges 20:44 Leadership and Organizational Dynamics 23:31 Encouraging Innovation from the Periphery 24:32 Case Study: Haier's Entrepreneurial Platform 29:07 Changing the Rules for Success 31:17 Forming Partnerships with Young Companies 32:22 Understanding Innovation Risk 36:31 De-Risking Innovation 37:55 The Importance of Intellectual Commitment 39:17 Challenges of Business Model Innovation 44:37 Strategic Planning vs. Strategy 50:27 The Illusion of Corporate Vitality 59:11 The Need for Innovative Leadership 01:01:13 Conclusion and Next Steps Find Gary:
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Gary Hamel - Competence Based Competition
03/05/2025
Gary Hamel - Competence Based Competition
In this episode of The Innovation Show, host Aidan McCullen welcomes back esteemed guest Gary Hamel, celebrated business strategist and co-author of the revolutionary article on core competencies. They dive deep into the concept of competence-based competition, discussing the origins, importance, and modern applications of core competencies. Gary shares insights from his extensive work alongside CK Prahalad and reflects on how their ideas shaped corporate strategy. Using historical and contemporary examples, including Tesla and HAIER, they explore how focusing on deep skills can lead to enduring competitive advantages. This episode is a must-listen for anyone interested in innovation, strategy, and the future of business in a rapidly evolving world. 00:00 Introduction and Welcome 00:23 The Concept of Competence-Based Competition 01:24 Historical Context and Development 02:26 Core Competence and Strategic Implications 05:03 Challenges and Misinterpretations 13:37 Modern Examples and Applications 28:23 Strategic Conversations and Future Focus 35:12 The Danger of Viewing Companies as Product Sets 35:33 Intel vs. TSMC: A Strategic Misstep 37:56 Bounded Innovation and Core Competencies 38:49 Uber's Broader Vision Beyond Ride-Hailing 42:23 Amazon's Evolution from Online Retailer to Logistics Giant 43:21 US Car Makers' Myopia and Missed Opportunities 44:24 Historical Examples: Honda and Sony 47:01 Tesla: An Energy Company, Not Just a Car Maker 48:08 Microsoft's Myopic View and Missed Opportunities 56:00 The Importance of Organizational Flexibility 01:02:26 Encouraging Internal Innovation 01:08:42 Conclusion and Next Steps
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Pedro Oliveira: User Innovation in Healthcare
02/25/2025
Pedro Oliveira: User Innovation in Healthcare
Pedro Oliveira: User Innovation in Healthcare Welcome to a new series inspired by Eric Von Hippel, and sponsored by Wazoku. In today's episode, we are joined by Professor Pedro Oliveira, founder and president of Patient Innovation, to explore the role of patients and caregivers in developing new medical products and services. Discover remarkable stories of user-generated medical innovations, such as Tal Golesworthy's life-saving aortic support and Louis Plante's innovative lung-clearing device. Learn how Patient Innovation is helping to bring these solutions to market through a multi-sided platform that connects patient innovators with industry. Find out more about this transformative approach to healthcare innovation and the positive impact it has had on countless lives. 00:00 Introduction to the Series and Sponsor 00:29 Focus on User Innovation in Healthcare 00:53 Interview with Professor Pedro Oliveira 01:20 Eric von Hippel's Influence on User Innovation 03:55 Patient Innovator Stories: Tal Golesworthy 05:17 Patient Innovator Stories: Louis Plante 12:35 Patient Innovator Stories: Hans and Be My Eyes 19:06 The Multi-Sided Platform for Patient Innovation 25:35 Encouraging More Patient Innovations 27:26 Conclusion and Sponsor Message Find Pedro Find Wazoku: User Innovation, Healthcare Innovation, Patient-Driven Innovation, Medical Breakthroughs, Pedro Oliveira, Eric von Hippel, Tal Golesworthy, ExoVasc, Louis Plante, Flutter Device, Hans Be My Eyes, Be My Eyes, Multi-Sided Platforms, Patient Entrepreneurship, Medical Devices, Assistive Technology, Digital Health, Open Innovation, Future of Medicine, Patient Advocacy, Caregiver Innovation
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Gary Hamel - Competing For The Future Part 2
02/21/2025
Gary Hamel - Competing For The Future Part 2
The Future of Foresight & Innovation: Insights with Gary Hamel | The Innovation Show In this episode, we have the pleasure of welcoming back Gary Hamel, a leading expert in business strategy and management. Host Aidan McCullen and Gary Hamel dive deep into the concept of foresight, stressing the importance of understanding broad themes and emerging trends to guide companies toward future opportunities. They discuss companies' common blind spots and failures in anticipating the future, as well as ways to leverage resources effectively. Gary shares insights on the necessity of innovation at all levels of an organization, the perils of becoming too attached to current successes, and how organizations can think more creatively about emerging technologies. They also cover historical examples from companies like IBM, Kodak, and 3M to illustrate key lessons in foresight and innovation. 00:00 Introduction and Welcome 00:20 The Importance of Foresight 02:19 Recognizing Emerging Trends 04:30 Challenges of Organizational Change 09:13 Cultural Perspectives on Innovation 14:31 Historical Examples of Foresight Failures 30:58 Innovation in Cost Structures 34:34 The Urgency of Innovation in Healthcare 35:10 The Need for Builders in Leadership 35:55 Resource Leverage: Doing More with Less 36:55 Learning from Guerrilla Warfare and 9/11 39:06 Speed to Market: Lessons from Japanese Companies 40:24 The Importance of Rapid Iteration 44:00 Building Consensus and Leveraging Employee Insights 47:47 The Role of Strategic Focus in Innovation 53:30 Learning from Kodak and 3M 57:48 Metaphors and Organizational Change 01:07:12 Predicting the Future: The Smartphone and Cloud Computing 01:10:04 Final Thoughts and Contact Information
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Gary Hamel Part 1: Competing for the Future 1
02/13/2025
Gary Hamel Part 1: Competing for the Future 1
Gary Hamel Part 1: Competing for the Future 1 In this episode of the Innovation Show, renowned management thinker Gary Hamel discusses his extensive work in the field of organizational transformation and innovation. Reflecting on his early experiences at the University of Michigan and the London Business School, Hamel shares insights into the impact of foreign competition on American businesses in the late 1970s, and the critical importance of foresight and humility for executives. He delves into his consulting work with companies like Nokia and Apple, emphasizing the need for open strategy, diversity of thought, and the constant reinvention of competencies. Hamel also offers practical advice for leaders on avoiding the pitfalls of complacency and short-term thinking, urging them to build organizations that can thrive and innovate in a rapidly changing world. 00:00 Introduction and Welcome 00:43 Early Career and Influences 02:38 Teaching at London Business School 04:50 Consulting and Industry Experience 07:27 Collaboration with CK Prahalad 08:23 Lessons from Global Competition 22:10 Nokia's Rise and Fall 37:22 Innovative Leadership Through Video Messaging 37:42 Predicting the Future: Challenges and Insights 39:12 The Rise of Streaming and the Fall of Broadcast TV 40:39 Executive Resistance to Change 42:05 The Importance of Forgetting and Unlearning 43:49 Youthful Perspectives in Strategy Meetings 44:32 The Downfall of Nokia: Lessons in Innovation 47:06 Apple's Commitment to Silicon Mastery 48:44 Building Competencies for Future Success 53:28 The Persistence of Corporate Failings 01:04:54 The Role of Leadership in Innovation 01:10:15 Conclusion and Call to Action Find Gary:
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Paul Nunes and Ian Morrison (R.I.P.) - Navigating Second Curves
02/10/2025
Paul Nunes and Ian Morrison (R.I.P.) - Navigating Second Curves
To Ian Morrison, Rest in Peace. In this inaugural episode of 'Innovation Show X,' host Aidan McCullen is joined by renowned guests Ian Morrison and Paul Nunes to discuss navigating the complex landscape of innovation. They explore key concepts from their influential books, 'The Second Curve' and 'Jumping the S-Curve,' providing insights into managing transitions in business, the challenges of risk and asset allocation, and how companies can sustain high performance over time. The episode also pays tribute to the late Ian Morrison for his contributions to thought leadership and innovation. Tune in to learn about the profound changes in industries like healthcare and technology and the essential balance between legacy systems and new ventures. 00:00 Sad News and Dedication to Ian Morrison 01:27 Introduction to Innovation Show X 01:52 Ian Morrison's Second Curve 04:17 Paul Nunez on Jumping the S Curve 06:38 Discussion on Technology and Market Changes 21:46 Healthcare and Digital Disruption 33:59 Challenges in Innovation and Risk Management 40:15 The Phoenix Metaphor and Organizational Change 53:39 Conclusion and Reflections
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Henry Mintzberg - Bedtime Stories for Managers
02/06/2025
Henry Mintzberg - Bedtime Stories for Managers
Henry Mintzberg - Bedtime Stories for Managers In this episode, our guest is Henry Mintzberg, celebrated management thinker and author of 'Bedtime Stories for Managers.' We explore key themes from his 20th book, which is a collection of insightful essays from his widely read blog. Henry discusses the importance of managers getting out of their lofty offices to truly understand their organizations, the myth of the managerial 'maestro,' and the dangers of over-reliance on hard data. We also delve into the pitfalls of MBA programs, short-term strategy thinking, and the importance of engaging with employees and customers. This episode is a must-watch for anyone interested in thoughtful, experience-based approaches to management. Get ready for a wealth of metaphors, real-world examples, and thought-provoking anecdotes from one of the most respected voices in the field. 00:00 Introduction to Bedtime Stories for Managers 02:01 The Scrambled Eggs Story 04:28 The Myth of the Maestro Manager 06:20 Critique of MBA Programs 10:55 Emergent Strategy Explained 16:12 Leadership vs. Management 21:20 The Importance of Measuring the Right Things 23:55 The Symphony Orchestra Fallacy 24:50 Executive Boredom and Misguided Changes 26:44 The Right Leadership for Different Business Stages 29:52 Challenges of Legacy Organizations 31:53 The Family Business Dilemma 36:11 Short-Term Gains vs. Long-Term Success 44:21 Organizing Like a Cow 48:11 The Role of the Board 49:39 The Illusion of Constant Change Find the book here:
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Eric von Hippel - Free User Innovation Part 2
01/29/2025
Eric von Hippel - Free User Innovation Part 2
Episode Summary: Eric von Hippel - Free User Innovation (Part 2) Introduction Host Aidan McCullen welcomes back Eric von Hippel for Part 2 of their discussion on Free User Innovation, supported by Wazoku, a company pioneering Total Innovation by connecting people, ideas, and technology. Aidan highlights the great feedback received from Part 1 and sets the stage for a deeper dive into the division of labor between users and producers in the innovation process. Key Themes & Discussions 1. Users as the Real Innovators Traditionally, innovation is associated with manufacturers, but users actually drive pioneering innovation. From skateboards to mountain bikes to heart-lung machines, users create solutions out of necessity, while manufacturers enter the scene later. Manufacturers avoid new markets because they require scale and certainty before investing resources. 2. The Heart-Lung Machine Story (User Innovation in Medicine) John Haysham Gibbon, a surgeon, saw the urgent need for a heart-lung machine to save children needing heart surgery. He approached manufacturers, but they rejected him because there was no proven market. Using charitable funding, Gibbon developed the machine himself and successfully used it on a patient. Other surgeons saw the proof of concept, replicated it in their own hospitals, and slowly created a market for manufacturers to step in and refine the machine. This illustrates user-driven pioneering innovation followed by manufacturer refinement and scaling. 3. The Corporate Rebel Dilemma (Why Organizations Resist Innovation) Employees who spot future opportunities (corporate rebels) often face internal resistance. Example: Ken Kutaragi, the man behind the PlayStation, initially faced rejection from Sonyâs leadership. Change only happened when a new executive backed him, allowing the idea to flourish. The challenge: CEOs see corporate rebels as resource drains on an unproven idea. Corporate rebels feel frustrated that leadership doesnât recognize obvious opportunities. Balancing both perspectives is crucial for organizational innovation. 4. Kodak and the Digital Camera - A Cautionary Tale The first digital camera was invented inside Kodak, but executives rejected it. Why? Kodak was built on filmâtheir expertise, business model, and infrastructure all depended on film. Employees resisted the shift because it threatened their roles. The result? Kodak missed the digital revolution, proving that organizations often resist innovations that threaten their existing business model. 5. Hidden Roadblocks to Innovation (The Reward System Problem) Even when innovation is recognized, company structures resist change. Example: A head of manufacturing refused to introduce an innovation because his bonus depended on reducing scrap wasteâand every new product increased waste. Organizations are hardwired to maintain existing incentives, even when they conflict with innovation goals. 6. Users Innovate, Manufacturers Improve (The Division of Labor in Innovation) Users innovate for function, manufacturers innovate for refinement and scale. Example: Mountain bikes were first created by users modifying existing bicycles. Once enough demand existed, manufacturers stepped in and improved features like suspension systems. The orthopedic surgeon who added a spring-loaded seat post to absorb shocks is a great example of this process. 7. The Challenge of Recognizing Frontline Innovation (Listening to the Right People) Innovations often come from unexpected sources, but organizations fail to listen. Example: A furniture upholsterer noticed unusual wear on waiting room chairs at a cardiologistâs office. This led to the discovery of Type A personality, as anxious patients wore down chairs faster. Who notices early warning signs in an organization? Often, itâs not management but cleaners, frontline workers, or maintenance staff. 8. The Hilton Hotel Internet Story (Why Systems Fail to Observe User Needs) In the early days of dial-up internet, hotel maintenance staff constantly reattached phone jacks that guests removed to connect their computers. Instead of recognizing this as a need for in-room internet, hotels initially resisted change and instead tried to physically block users from unplugging phones. This highlights how organizations often fight user behavior instead of adapting to it. Final Thoughts & Takeaways Users drive pioneering innovation, while manufacturers refine and scale it. Corporate rebels are essential but face resistanceâthey must frame ideas in ways that align with company incentives. Organizations must actively listen to unexpected voices (maintenance staff, frontline workers) for hidden innovation opportunities. Systemic roadblocks (like reward structures) often hinder innovationâeven when everyone agrees on the need for change. Closing Remarks Aidan thanks Eric von Hippel for an insightful conversation full of real-world examples. Eric reiterates the importance of recognizing and supporting user-driven innovation in all industries.
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Henry Mintzberg - Rebalancing Society
01/24/2025
Henry Mintzberg - Rebalancing Society
Rebalancing Society with Henry Mintzberg: Addressing Imbalances in Politics, Economy, and Community In this episode, Aidan McCullen is joined by renowned business strategist Henry Mintzberg to discuss his book on radical renewal. Mintzberg explores the root causes of our current societal crisis, emphasizing the need for balance among the public, private, and plural sectors. They delve into historical and contemporary issues that have led to extreme imbalances, from capitalism's dominance post-1989 to today's political polarization. Offering insights grounded in history and strategy, Mintzberg advocates for a strengthened community sector to restore equilibrium. Addressing not only societal but also personal imbalances, Mintzberg highlights the urgency for action amid global challenges like economic disparity, environmental degradation, and political unrest. The conversation serves as a wake-up call encouraging listeners to engage in meaningful change at both the individual and community levels. 00:00 Introduction: Enough is Enough! 00:38 Welcoming the Guest: Henry Mintzberg 02:44 Understanding Imbalance in Society 05:47 The Role of Business and Government 08:05 Historical Context and Current Issues 11:30 The Concept of Rebalancing Society 18:16 Personal Responsibility and Action 23:56 Closing Thoughts and Call to Action Find more info here:
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Aidan McCullen - The True Origin of The Innovation Show
01/17/2025
Aidan McCullen - The True Origin of The Innovation Show
A conversation with Aidan McCullen, host of The Innovation Show and author of 'Undisruptable'. This a re-edited version of Tech Tonic, the world's first AI Thought Show with hosts (and friends) Scott Wolfson and Kes Sampanthar. Each episode, they explore the world of artificial intelligence, emerging technologies, and their impact on our lives. With engaging discussions, expert guests, and a dash of humor, Tech Tonic provides a unique perspect. Aidan shares his origin story, detailing his transition from professional rugby to digital transformation and media. Discover the inspiration behind his podcast, the importance of continuous learning, and the concept of 'the show before the show'. Aidan's journey is filled with insights on overcoming resistance, embracing reinvention, and the value of autodidactic learning. Don't miss this deep dive into the life of a true innovator. 00:00 Introduction and Initial Struggles 00:29 Welcome to the Innovation Show 00:58 Aidan McCullen's Journey 01:24 Early Days and Learning Curves 03:45 The Birth of the Innovation Show 05:59 Challenges and Resistance 10:07 Taking the Leap 11:26 Seth Godin and the First Episode 13:24 The Concept of Reinvention 18:45 The Power of Discipline and Consistency 29:05 Digital Transformation and Creative Destruction 34:59 The Power of Education and Strategic Alignment 36:03 Embracing Failure and the Path to Success 37:04 The Journey of an Autodidact 38:31 Overcoming Skepticism and Building Credibility 42:44 The Importance of Coachability and Learnability 46:10 The Role of Passion in Professional Growth 57:45 The Reinvention Summit and Its Vision 01:00:48 The Neuroscience of Learning and Thinking 01:07:13 The Journey and Future of Reinvention 01:16:26 Reflections and Final Thoughts Find TechTonic here: https://www.youtube.com/@theAIthoughtshow/streams #InnovationShow #AidanMcCullen #DigitalTransformation #ContinuousLearning #Reinvention #Podcast
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Fueling Today with Tomorrow Eating the Seed Potato or Planting the Seed Snake
01/15/2025
Fueling Today with Tomorrow Eating the Seed Potato or Planting the Seed Snake
Fueling Today with Tomorrow Eating the Seed Potato or Planting the Seed Snake "Do Not Mortgage Your Future for Small Gains Now" - "Business leaders are being motivated and rewarded to heat their houses by burning their furniture." - In our pursuit of immediate comfort or short-term gains, we often sacrifice the foundations of future success. This principle is captured in countless cautionary stories. In this week's Thursday Thought, we explore those of the Irish Potato Famine, corporate strategy, and the unexpected world of collectible snakes. To build a sustainable future, we must resist the urge to mortgage it for fleeting rewards. As the old saying goes, "We do not inherit the Earth from our ancestors; we borrow it from our children." Similarly, our future isn't something we passively receiveâitâs something we shape with the choices we make today. The Irish Famine: Eating the Seed Corn During the Great Irish famine, desperation led farmers to consume their seed potatoesâthe very resource needed to secure future harvests. Fishermen sold their nets, and artisans sold their tools, sacrificing not just physical assets but the means of their future livelihoods. This poignant image of short-term survival at the expense of long-term resilience serves as a powerful metaphor for organisational decision-making. In the corporate world, this dynamic plays out when companies sell valuable assets or slash critical investments in research and development and innovation to sustain short-term valuation. Consider Sears, a retail pioneer that, under financial pressure, sold off its highly profitable financial arms, including Discover Card and Allstate Insurance. These divestments provided immediate capital but stripped Sears of lucrative assets that could have supported its survival during the retail industry's famine. By "eating its seed potato," Sears left itself with little to plant for the future. Efficiency-driven strategies are seductive because they deliver quick results and a sense of control. Yet, these strategies often resemble mining soil without replenishing it. Companies that prioritise cost-cutting and share buybacks over innovation may temporarily appease shareholders, but they risk sacrificing their ability to adapt and grow. The story of Heinz under CEO Tony OâReilly is a cautionary tale. To boost earnings, OâReilly slashed R&D and marketing budgets, undermining the companyâs long-term competitiveness. Bill Johnson, OâReillyâs successor, later admitted, âWe werenât supporting our brands, and we werenât being innovative at allâŚ. In terms of cost cutting, the mistake for the industry, in retrospect, is that it did not take the cost out of the system. It took the cost out of the product.â Like farmers consuming their seed potato, Heinz prioritised immediate gain over future resilience, leaving it vulnerable to shifting market demands. Planting the Seed Potato: Philipsâ Strategic Reinvestment Philips serves as a masterclass in planting and replanting the seed potato for future success. (We discussed Philips with friend of the show and prolific author , links here and video embed below). In 2006, while still profitable, Philips made the bold decision to phase out its incandescent lighting business, recognising that LEDs would soon become more cost-effective. Rather than eating the seed potato of its legacy business, Philips acquired smaller LED-focused companies, cultivating this new field until its LED division grew into a $7 billion powerhouse. By 2016, Philips had spun off its lighting business into Philips Lighting (now Signify), freeing resources for its next strategic planting. In an impressive act of replanting, Philips pivoted to the healthcare industry, focusing on diagnosis and treatment equipment. Through careful planning and a balanced portfolio strategy, Philips invested heavily in this fertile ground. By 2017, most of the companyâs revenue came from high-end medical equipment, cementing its place as a leader in the healthcare sector. This transformation was not an overnight miracle but the result of strategic foresight and the courage to reallocate resources from legacy crops to future harvests. Planting the Seed Snake On this week's Innovation Show, our , Seth Godin shared the story of Justin Kobylka. Justin is a pioneer in the snake breeding industry. Once a small-scale operation where pythons sold for $20, the market transformed thanks to the internet, which expanded access to collectors globally. Justin's key differentiator was his early investment in his facilities and the genetic quality of his pythons. Many times, he might have sold off his prize python for a healthy reward and many times he resisted. Instead of cashing out by selling his most valuable snakes for immediate gain, he retained them to breed even more extraordinary future generations. Conclusion: The Cost of Strategy Decay In our forthcoming series with , we discuss the concept of strategic decay. Strategies, like assets, have a finite lifespan. Over time, the competitive advantages that once fuelled growth erode. Rivals replicate best practices. Market dynamics shift. Without reinvention, even the most successful organisations fall prey to strategy decay. This decay is exacerbated when companies rely on short-term fixes to prop up performanceâshare buybacks, cost-cutting, or selling off valuable assets. These actions create the illusion of health, but hey mask future problems. These problems are often inherited by an unassuming new leader, who soon discovers that damage done by her predecessor. Organisations that thrive in the face of disruption are those that embrace innovation as an ongoing, foundational practice. This means fostering a culture of long-term thinking, experimentation, and creativity. It also requires the discipline to let go of what no longer serves the mission and the courage to invest in what does. The choice is to burn tomorrowâs fuel for todayâs warmth, or invest in building a sustainable fire that will burn brightly for generations to come.
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Seth Godin - This Is Strategy
01/14/2025
Seth Godin - This Is Strategy
Seth Godin - This Is Strategy | The Innovation Show Join us on this episode of The Innovation Show with the inimitable Seth Godin, author of 21 international bestsellers that have profoundly influenced the way we think about work and art. In this engaging conversation, Seth delves into his latest book on strategy, emphasizing the importance of identifying your smallest viable audience, understanding and leveraging systems, and prioritizing long-term thinking over instant gratification. He shares valuable insights on why most people gravitate towards instructions rather than forging their own paths, the concept of 'elegant strategy,' and how viewing challenges as a game can make failures more manageable. Seth also explores the impact of AI on the workforce and the significance of systems in shaping our strategies. Whether you're transforming an industry, sparking a movement, or building a career, this episode is a must-listen for change-makers and innovators. 00:00 Introduction and Guest Welcome 01:19 Seth Godin on Teaching and Strategy 02:21 The Lego Metaphor and Strategy 04:54 Games, Systems, and Empathy 07:34 AI and Office Plankton 11:11 Understanding Systems and Change 16:10 Innovation and Elegant Strategies 21:47 The Role of Incremental Improvement vs. Innovation 24:00 Innovation Theater and Real Change 36:25 Long-term Thinking and Strategy 42:15 Final Thoughts and Conclusion
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