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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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 “Innovation Hypercycles: The Rise and Fall of Technology Hotspots”,
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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 ‘one vision wonders,’ 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 Sony’s 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 doesn’t 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 film—their 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 waste—and 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 cardiologist’s 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, it’s 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 resistance—they 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 innovation—even 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 receive—it’s 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 potatoes—the 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 O’Reilly is a cautionary tale. To boost earnings, O’Reilly slashed R&D and marketing budgets, undermining the company’s long-term competitiveness. Bill Johnson, O’Reilly’s successor, later admitted, “We weren’t supporting our brands, and we weren’t being innovative at all…. 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.” Like farmers consuming their seed potato, Heinz prioritised immediate gain over future resilience, leaving it vulnerable to shifting market demands. Planting the Seed Potato: Philips’ 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 company’s 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 performance—share 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 tomorrow’s fuel for today’s 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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Eric von Hippel - Free User Innovation
01/12/2025
Eric von Hippel - Free User Innovation
Eric von Hippel - Free User Innovation | The Innovation Show In this new series on The Innovation Show, we dive into the groundbreaking work of Eric von Hippel, MIT Sloan School professor and pioneer of free innovation. We explore how users—not just producers—drive transformative innovations, and how this paradigm has been overlooked historically. With intriguing examples such as the evolution of skateboards and center pivot irrigation systems, von Hippel illustrates the power of user-driven innovation. We also discuss the role of platforms like Wazoku and companies like Haier in harnessing the potential of free innovator communities. Eric shares his insights on how companies can leverage these external ideas and improve their own innovation processes. Don't miss this fascinating conversation on the untapped potential within each of us to innovate and create impactful solutions. 00:00 Introduction and Wazoku Acknowledgment 00:38 Meet Eric von Hippel 02:08 The Concept of Free Innovation 02:32 Historical Context and User Innovation 04:20 Examples of User Innovation 11:19 Crowdsourcing and Open Platforms 16:44 Challenges and Opportunities in Innovation 33:56 Altruism and Diffusion in Innovation 37:31 Open vs. Free Innovation 39:54 Conclusion and Resources Find Wazoku Find Eric von Hippel's resources including this book “Free Innovation”
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It's Hard to Read the Label from Inside the Jar: Navigating Change from Within
01/09/2025
It's Hard to Read the Label from Inside the Jar: Navigating Change from Within
Inside the Jar: Navigating Change and Innovation In this week's Thursday Thought, we delve into the complexities of navigating change from within. Using quotes, research, and insights from the Innovation Show, we explore how our perception of individuality vs. being part of a larger whole affects our ability to adapt. Drawing parallels with superorganisms like beehives, the episode discusses how business and economic cycles, like Kondratiev waves, shape our world. Highlighting examples from companies like Sony, we examine the 'inside view' trap and the importance of stepping outside our immediate focus to see the bigger picture. Join us as we read the label from outside the jar and prepare for the future. 00:00 Introduction: Navigating Change from Within 00:57 The Human Condition: A Drop in the Ocean 01:22 The Beehive as a Superorganism 04:18 Kondratieff Cycles: Understanding Economic Waves 06:27 The Trap of the Inside View 10:20 Escaping the Jar: Embracing Change 12:32 Conclusion: Join Us at The Reinvention Summit Full article here: https://thethursdaythought.substack.com/p/its-hard-to-read-the-label-from-inside
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Are Humans Part of a Superorganism? - Byron Reese Part 1
01/05/2025
Are Humans Part of a Superorganism? - Byron Reese Part 1
In this episode of The Innovation Show, Aiden McCullen interviews Byron Reese, author of 'We Are Agora: How Humanity Functions as a Single Super Organism that Shapes Our World and Our Future.' The discussion delves into Byron's groundbreaking Agora Theory, which suggests that humans may function as part of a larger, conscious superorganism. Topics include the origins of life, the emergence of multicellular organisms, the complexity of DNA, and the potential impacts of understanding life as part of this collective superorganism. The conversation also touches on the role of death, the concept of emergence, and how these insights can apply to organizational strategies and societal progress. 00:00 Introduction to Agora Theory 02:40 Understanding Superorganisms 04:06 The Origin of Life and Cells 19:53 The Mystery of DNA 30:07 Understanding Multicellular Life 32:09 Symbiosis and Multicellular Origins 33:39 Theories of Multicellular Life 38:12 The Universe and Life's Complexity 44:02 DNA: The Blueprint of Life 47:11 Human Evolution and Intelligence 49:41 Bottleneck Events and Human Survival 55:02 Emergence and Superorganisms 57:46 Final Thoughts and Reflections Links Aidan mentioned in the episode: Men In Black sequence: https://youtu.be/OKnpPCQyUec?si=KSGb25FeP72Nvi7T Family Guy: https://youtu.be/7et6-nByfw8?si=6zIfUIQE1XlFL-oH Byron Reese:
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Corporate Bodies Under Stress: Balancing Immediate Survival and Long-Term Growth
01/01/2025
Corporate Bodies Under Stress: Balancing Immediate Survival and Long-Term Growth
In this episode of the Thursday Thought, we delve into the intricate balance between immediate survival and long-term growth, drawing parallels between the human body's stress response and corporate strategies. We explore the concept of temporal discounting, the impact of chronic stress on leadership, and the necessity of preparing for the future during times of calm. Featuring insights from Bruce Lipton, Art Markman, Henry Mintzberg, and Stan Deetz, along with quotes and research, this discussion highlights the importance of balancing short-term reactivity with long-term vision for sustained success. 00:00 Introduction to Thursday Thought 00:21 Bodies Under Stress: Balancing Immediate Survival and Long-Term Growth 01:26 The Stress Response: Short-Term Focus 02:22 Temporal Discounting and Leadership Compensation 05:16 The Long-Term Cost of Chronic Stress 06:15 Stress and Cognitive Shifts in Leadership 08:28 Balancing the Present with the Future 09:54 Conclusion and New Year Wishes
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Dr. Julia DiGangi - Energy Rising Part 2
12/31/2024
Dr. Julia DiGangi - Energy Rising Part 2
In the second part of our 'Energy Rising' series, host Aiden McCullen welcomes back Dr. Julia DiGangi, a renowned neuropsychologist and author of 'Energy Rising: The Neuroscience of Leading with Emotional Power'. Dr. DiGangi delves into her eight transformative codes designed to help us navigate challenges both in and out of the workplace. This episode focuses on the first two codes: transforming emotional pain into power, and building your power pattern by harnessing the brain's pattern recognition abilities. Listeners will gain valuable insights into how to deal with emotional struggles, the impact of words and emotions on our brain, and strategies to create meaningful change in life and leadership. Don't miss out on the chance to win a copy of Dr. DiGangi's acclaimed book. Subscribe to the Innovation Show's Substack for your chance to win! 00:00 Introduction and Guest Welcome 01:41 The Eight Codes Overview 02:05 Code One: Transforming Emotional Pain into Power 04:03 The Importance of Emotional Energy 04:28 Overcoming Fear and Embracing Misunderstanding 08:05 The Role of Emotional Patterns 15:03 Code Two: Building Your Power Pattern 22:28 Identifying Patterns and Changing Them 23:36 The Brain's Primitive Interpretations 24:40 Personal Story: Overcoming Sports Challenges 27:47 The Power of Leadership and Creation Energy 30:02 The Meaning Making Machine: Trauma and Success 31:48 The Power of Words and Emotions 38:26 Becoming the Emotional Standard 44:08 Magnetic Leadership and Human Connection 45:27 Conclusion and Contact Information Find Julia here: Win a copy by signing up to our Substack here: Hidden Messages of water and the power of sound: Power of Words:
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Dr. Julia DiGangi - Energy Rising Part 1
12/27/2024
Dr. Julia DiGangi - Energy Rising Part 1
In this episode, we are joined by neuropsychologist and author Dr. Julia DiGangi, who discusses her book 'Energy Rising: The Neuroscience of Leading with Emotional Power.' Dr. DiGangi reveals eight powerful codes to effectively navigate challenges and shares transformative stories from business leaders, parents, couples, and combat veterans. Learn about the concept of emotions as real neurological energy, how mastering emotional intelligence can change your leadership game, and the importance of embracing difficult emotions to achieve personal and professional growth. Don't miss the opportunity to grab a copy of Dr. DiGangi's book by signing up for our Innovation Show Substack. This conversation is a profound exploration of how our nervous system regulates our life experiences and practical steps to turn emotional pain into power. 00:00 Introduction to Emotional Energy 00:44 Meet Julia DiGangi 01:03 Understanding Emotions as Energy 02:21 The Power of Emotional Intelligence 06:19 Emotional Pain vs. Emotional Power 06:56 Navigating Uncertainty and High Emotions 18:47 The Concept of Self Division 28:56 Leadership and Emotional Energy 35:34 Exploring Ineffective Extrinsic Rewards 36:09 Addressing Leadership Engagement 37:01 Understanding Emotional Contagion 38:08 The Role of Leadership in Emotional Pain 39:43 The Power of Authentic Leadership 41:18 Navigating Uncertainty and Self-Trust 42:53 The Brain as a Pattern Detection Machine 49:15 The Impact of Overworking and Overgiving 53:44 The Importance of Clarity and Connection 01:05:21 Final Thoughts and Call to Action Find Julia here: Win a copy by signing up to our Substack here:
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Stan Deetz Finale - Navigating Organizational Transitions
12/23/2024
Stan Deetz Finale - Navigating Organizational Transitions
Navigating Organizational Transitions with Stan Deetz In this episode, we cap off a brilliant year of growth with the insightful Stan Deetz, author of 'Leading Organizations Through Transitions'. Stan shares his expertise on managing change within organizations, focusing on technological disruptions, mergers and acquisitions, and the intricate dynamics of power shifts. We dive deep into the effects of AI on organizational structures, the concept of tacit knowledge, and the adjustments required for a healthy and resilient workforce. Stan also discusses the importance of humility and measurement in driving successful change, with practical advice on maintaining the delicate balance between efficiency and adaptability. Join us for an engaging conversation that offers valuable lessons for navigating complex organizational transitions. 00:00 Introduction and Recap 00:43 New Books and Projects 01:50 Technological Disruption and Organizational Change 03:09 The Sophomoric Effect and AI Challenges 04:44 AI's Impact on Knowledge Workers 06:17 Bias and Vigilance in AI Systems 09:05 Tacit Knowledge and Organizational Expertise 29:45 Forms, Data, and Organizational Decisions 39:14 Understanding the Impact of Our Products 39:53 Leadership and Institutional Knowledge 40:31 Navigating Organizational Transitions 41:56 The Myth of Stable Environments 43:56 The Importance of Diversity and Systems 47:43 Challenges of Short-Term Measurements 50:10 The Value of Long-Term Organizational Health 01:04:47 Cultural Sensitivity in Multinational Operations 01:11:02 The Need for Customization in Management 01:13:43 Starting Organizational Change with Humility 01:17:03 Personal and Organizational Growth Find Stan here:
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Eugene Ivanov and Andrew Binns - Corporate Explorer Fieldbook Finale
12/20/2024
Eugene Ivanov and Andrew Binns - Corporate Explorer Fieldbook Finale
Corporate Explorer Fieldbook Finale: Leadership, AI, and Open Innovation In the concluding episode of the Corporate Explorer Fieldbook series, we reflect on insights and contributions from various industry experts throughout 2024. We'll delve into the necessity of leadership for scaling innovation and explore the transformative potential of AI. Joined by Andy Binns and Eugene Ivanov, we discuss the evolution of the corporate explorer concept, emphasize the importance of a supportive network, and highlight Wazoku's role in pioneering total innovation. Tune in for an engaging discussion on the future of corporate exploration and the pivotal role of leadership and technological advancements. 00:00 Introduction and Gratitude 01:26 Preface and Genesis of the Book 02:25 Challenges and Insights in Corporate Exploration 08:37 The Role of AI in Corporate Exploration 11:11 Open Innovation and Ecosystems 16:47 Leadership and Scaling 23:16 Conclusion and Future Directions
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Charles Handy R.I.P. (1932–2024)
12/17/2024
Charles Handy R.I.P. (1932–2024)
Honoring Charles Handy: Wisdom on Innovation, Leadership, and Life In this episode, we pay tribute to the late Charles Handy, an influential philosopher, storyteller, and thought leader. The host re-releases a special episode recorded at Handy's London home following his stroke. Despite his condition, Handy remained impressively positive, attributing his enhanced creativity to his impairment. He shares profound insights on various concepts like the 'white stone,' 'citizenship within organizations,' and his famous 'shamrock organization.' Handy emphasizes the importance of making changes before they become critical and inspires with his reflections on challenging orthodoxy, dreaming big, and understanding leadership versus management. This episode is a treasure trove of wisdom on how to navigate and innovate in both personal and organizational spheres. 00:00 Remembering Charles Handy 01:33 Introduction to the Second Curve 02:37 The Concept of the Second Curve 04:32 Davy's Bar and the Importance of Change 09:50 Personal Stories and Life Lessons 18:54 The Three Selves and Identity 36:03 Leadership vs. Management 39:56 The Shamrock Organization 42:13 Citizenship in Organizations 45:36 Efficiency vs. Effectiveness 48:31 The Donut Theory 54:52 Final Thoughts and Legacy
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Steve Kerr - Reward Systems Part 2
12/14/2024
Steve Kerr - Reward Systems Part 2
Creating Effective Reward Systems In this episode of The Innovation Show, we welcome back Steve Kerr to discuss how to create positive reward systems within organizations. Steve details the 'bullseye exercise' and emphasizes the importance of defining performance in actionable terms. He shares insights from his experience at GE, covering the implementation of the 'wing to wing' approach, the impact of stretch goals, and strategies for devising comprehensive metrics. Throughout the conversation, Steve highlights the necessity of aligning rewards with business objectives and fostering a culture of candor and innovation. 00:00 Introduction and Overview 01:12 Defining Performance in Actionable Terms 01:28 The Bullseye Exercise 02:47 Connecting Incentives and Rewards 04:25 Challenges in Measurement and Bureaucracy 05:35 Real-World Examples and Cost Analysis 07:13 The Importance of Candor and Rational Behavior 14:04 Stretch Goals and Organizational Culture 23:06 Challenges in Rewarding Employees 23:23 Understanding Quartiling and Quotas 24:07 Jack Welch's Bottom 10% Rule 29:31 Financial and Non-Financial Rewards 31:54 The Importance of Timeliness in Rewards 37:31 Wing to Wing: Seeing Through the Customer's Eyes 42:26 Conclusion and Final Thoughts On the Folly of Rewarding A,While Hoping for B Aidan McCullen, Steve Kerr, reward systems, employee behavior, BF Skinner, dysfunctional behaviors, fixing reward systems, CEO memo, leadership development, GE, Goldman Sachs, ultimate rewards, boundaryless organization, performance measurement, innovative culture, healthcare system, preventive care, stretch goals, Jack Welch, candid culture
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Steve Kerr - Reward Systems: Does Yours Measure Up?
12/11/2024
Steve Kerr - Reward Systems: Does Yours Measure Up?
Fixing Dysfunctional Behaviors in Organizations In this episode, our guest Steve Kerr shares insights from his book on reward systems. He explains how flawed reward systems can lead to irrational behaviors in employees similar to B.F. Skinner's 'blaming the rat' theory. Kerr discusses the importance of effective measurement and reward systems in organizations and provides practical steps to realign them for better outcomes. He uses analogies from the healthcare system and historical military examples to highlight the pervasive issues and solutions for leadership in various contexts. This discussion is crucial for anyone involved in organizational transformation and leadership. 00:00 Introduction to Reward Systems 00:52 Meet Steve Kerr: Leadership and Legacy 01:28 The Folly of Rewarding A While Hoping for B 01:49 Three-Step Process to Realign Reward Systems 02:38 Measurement and Performance: Key Insights 04:31 Healthcare System Example: Misaligned Rewards 08:08 Stretch Goals and Innovation Challenges 12:33 Military Analogy: World War II vs. Vietnam 14:28 Organizational Dynamics and Leadership Challenges 16:04 Effective Performance Reviews 20:22 Creating a Candid Culture 22:07 Conclusion and Next Episode On the Folly of Rewarding A,While Hoping for B Aidan McCullen, Steve Kerr, reward systems, employee behavior, BF Skinner, dysfunctional behaviors, fixing reward systems, CEO memo, leadership development, GE, Goldman Sachs, ultimate rewards, boundaryless organization, performance measurement, innovative culture, healthcare system, preventive care, stretch goals, Jack Welch, candid culture
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The Heart of Science Engineering Blueprint with 3M's Jayshree Seth
12/07/2024
The Heart of Science Engineering Blueprint with 3M's Jayshree Seth
Explore how innovative leadership principles and storytelling can transform personal and professional growth with 3M's Chief Science Advocate, Jayshree Seth. In this episode of The Innovation Show, Jayshree shares memorable acrostics and blueprints for success from her trio of books, discusses key elements of effective leadership, and delves into the importance of advocacy and diverse perspectives. Gain insights on balancing long-term vision with detailed execution and the role of positive emotions in fostering a creative and innovative environment. 00:00 Introduction and Guest Welcome 02:34 The Importance of Leadership 04:31 Leak Proof Leadership Explained 09:01 The Role of Storytelling in Innovation 11:08 The Five I's of Innovation 17:01 Advocacy and Leadership 22:24 Supervisory Skills and Employee Relationships 27:13 The Future is Already Here 28:35 Understanding Trends and Megatrends 30:35 The TNT Factor: Trends, Needs, Threats 31:24 Exploring the TREND Mnemonic 35:14 Bridging the Business-Technical Gap 41:39 Effective Leadership Communication 50:54 The Kaleidoscope of Leadership 56:58 Conclusion and Final Thoughts Jayshree previously on the show: innovation, Jayshree Seth, 3M, Chief Science Advocate, engineering, empathy, collaboration, patents, creativity, storytelling, visionary leadership, purpose-driven leadership, resilience, engineering innovation, STEM, scientific advocacy, women in science, leadership strategies
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AI Wars Echoes of Past Tech Battles in the Race for Dominance
12/04/2024
AI Wars Echoes of Past Tech Battles in the Race for Dominance
The AI Battle Mirrors Past Format Wars “History never repeats itself, but it does often rhyme.” — Mark Twain [TLDR: This week’s Thursday Thought explores the ongoing battle for AI dominance among tech giants like OpenAI, Anthropic, X, Google, and Microsoft, drawing parallels to historic format wars that have shaped various industries. From the iconic VHS vs. Betamax struggle to the intense competition between gaming consoles like PlayStation, Xbox, and Nintendo, and the enduring rivalry between iPhone and Android, these conflicts reveal a recurring pattern. As AI companies follow similar paths, it’s clear that, while technology evolves, the strategic dynamics remain strikingly similar.] The current battle for dominance between tech giants like OpenAI, Google, Anthropic and Microsoft is not just a race to the top — it’s a modern-day format war. By examining the patterns of previous technology battles, we can gain insight into how this AI competition is likely to play out. Three key patterns emerge from past format battles that are now being mirrored in the AI space: The Power of Network Effects: Just like previous format wars, the AI battle will be heavily influenced by network effects. (A network effect occurs when a product or service becomes more valuable as more people use it, creating a positive feedback loop that can lead to rapid growth and market dominance.) The Underdog Advantage: History has shown that the winner is often not the one everyone expects — not the biggest company or even the best product. Early market leaders may fall behind as more adaptable or better-networked competitors take the lead. Ecosystem Building is Key: The final battleground is not just the technology itself, but the entire ecosystem built around it. Companies that successfully create a thriving ecosystem of developers, partners, and content will probably emerge as the ultimate winners. To understand these dynamics better, let’s revisit three strategic battles that shaped the technology landscape: the VCR format war, the console wars, and the smartphone OS wars. Each of these battles offers valuable lessons for understanding the current AI competition. The VCR War: A Template for Format Battles (The also-rans in the VCR war (that I know of) included Philips and Grundig’s Video 2000 (V2000), and RCA’s Capacitance Electronic Disc (CED). The videotape format war between VHS and Betamax in the late 20th century stands as one of the most emblematic battles over technological dominance. Introduced in the mid-1970s, Sony’s Betamax initially captivated the market with its superior video quality and compact design. However, JVC’s VHS, which entered the market shortly after, quickly emerged as a formidable competitor by addressing consumer needs more effectively with longer recording times — up to two hours initially, which was soon extended to four, six, and even eight hours as the technology developed. The success of VHS was not solely because of its technical merits. JVC employed a strategic approach by licensing its VHS technology to an array of manufacturers, including heavyweights like Panasonic, Sharp, and RCA. This move flooded the market with VHS players, making the format more accessible to the average consumer. To further tip the scale in their favour, during the mid-1970s JVC established VCR supply relationships with leading national consumer electronics companies in Europe and the United States. In supplying Thomson, Thorn, and Telefunken (all independent companies at that time) as well as U.S. partners, JVC was able to gain the cash and the diversity of market experience that ultimately enabled it to outpace Philips and Sony. Philips developed videotape competencies in parallel with JVC, but it failed to build a worldwide network of OEM relationships that would have allowed it to accelerate the refinement of its videotape competence through the sale of core products. According to , by the mid-1980s, VHS had achieved a 60% market share in the U.S., with over 30 million homes owning a VHS player. Hollywood’s role in this battle was also pivotal. Movie studios, recognising the growing popularity of VHS, began releasing their films primarily on this format. Movie studios partly influenced this decision because VHS tapes could hold entire movies without requiring multiple tapes — a common issue with the shorter Betamax tapes. Video rental stores like Blockbuster overwhelmingly supported VHS because of its broader availability and the convenience of longer playtimes. A self-perpetuating cycle emerged — a classic example of a network effect: the increased availability of content on VHS led to higher consumer demand for VHS players, which further solidified the format’s dominance. The death blow for Betamax occurred when RCA, one of the largest electronics companies in the United States, backed VHS. RCA’s decision, coupled with a strong marketing push, helped VHS capture an even larger share of the market. By the late 1980s, despite Betamax’s technical superiority, Sony had to concede defeat. Sony eventually began producing VHS players, marking the end of the format war. The Console Wars: The Battle for Gamers’ Hearts The console wars between Sony’s PlayStation, Microsoft’s Xbox, and Nintendo highlight how the best product doesn’t always win. Sony’s PlayStation and Microsoft’s Xbox fought fiercely over processing power and exclusive titles, but Nintendo carved out its niche with innovative gameplay and a focus on casual gamers. Each company’s success depended not only on the hardware but also on the ecosystem of games and online services they built.(Also rans, I know of included: , , and ). In the wake of the VCR format war, the gaming industry experienced its own version of a format battle, known as the console wars. This battle, primarily between Sony’s PlayStation, Microsoft’s Xbox, and Nintendo, has defined the gaming industry for decades. Each of these companies has sought to establish its console as the dominant platform, employing strategies that echo the VHS-Betamax rivalry. Sony entered the gaming market in 1994 with the PlayStation, which quickly became a dominant force because of its powerful hardware and an extensive library of exclusive games. Titles like “Final Fantasy” and “Gran Turismo” attracted millions of gamers to the PlayStation ecosystem, establishing Sony as a leader in the industry. Microsoft joined the fray in 2001 with the launch of the Xbox. The Xbox was innovative with its built-in storage and the introduction of Xbox Live, a comprehensive online gaming service that revolutionised multiplayer gaming. Microsoft also secured the exclusive rights to “Halo,” which became a defining franchise for the console and significantly boosted its popularity. Nintendo, a veteran in the gaming industry, pursued a different path. While Sony and Microsoft competed on hardware performance and exclusive titles, Nintendo focused on creating unique gaming experiences. The Nintendo 64 and GameCube had their own dedicated followings, but it was the Wii, launched in 2006, that truly set Nintendo apart. The Wii’s innovative motion controls and broad appeal to casual gamers made it a global phenomenon, outselling both the PlayStation 3 and Xbox 360 in several markets. The console wars mirror the VHS-Betamax battle in that the competition wasn’t just about selling hardware; it was about creating a compelling ecosystem. Sony and Microsoft invested heavily in securing exclusive games, building online communities, and expanding their platforms. Meanwhile, Nintendo focused on innovation in gameplay, drawing in a diverse audience that included non-traditional gamers. The Smartphone Wars: iPhone vs. Android (The smartphone OS wars, primarily between Apple’s iPhone and Google’s Android, show the power of ecosystem building. Apple’s closed, tightly integrated ecosystem appeals to a loyal base, while Android’s open platform and wide availability have made it the dominant mobile OS worldwide. This battle underscores how creating a broad and adaptable ecosystem can lead to long-term dominance.) (Also rans included: BlackBerry OS, Windows Mobile/Windows Phone, , , and ). The smartphone industry has also witnessed a fierce format war, this time between Apple’s iPhone and Google’s Android (also rans included Nokia’s Symbian). Apple revolutionized the mobile phone market in 2007 with the launch of the iPhone, which combined sleek design, intuitive touch controls, and an app ecosystem that redefined what a smartphone could be. The iPhone quickly became a status symbol and set the standard for mobile devices. Google’s Android, launched shortly after, took a different approach. Rather than producing its own hardware, Google made Android an open-source operating system that could be used by any manufacturer. This strategy led to a flood of Android devices from companies like Samsung, LG, and Motorola, covering a wide range of price points and appealing to a broad audience. Much like VHS, Android’s strategy of widespread availability helped it capture significant market share. By offering a variety of devices at different price points, Android became the dominant mobile platform worldwide, despite Apple’s continued success with the iPhone in the premium segment. The iPhone vs. Android battle still rages on, with each platform boasting its own loyal following, exclusive apps, and unique features. Apple’s closed ecosystem allows for tight integration and a seamless user experience, while Android’s open platform offers more flexibility and customisation, catering to a diverse range of users. The AI Wars: Following a Familiar Pattern The key players in the AI format war include (GPT series), (Bard), (Copilot and Azure AI), (Claude), Meta (LLaMA series), and Elon Musk’s , which includes several engineers who previously worked at OpenAI. Now, as we watch the AI giants battle it out, familiar patterns from past technology wars are emerging. OpenAI’s GPT series first captured attention with its revolutionary language models, reminiscent of how Betamax had an early advantage in the VCR wars. However, Google’s Bard and Microsoft’s AI, deeply integrated into their expansive ecosystems, are gaining significant momentum by offering broader applications and seamless integration across platforms, much like how VHS expanded its reach through strategic licensing and partnerships. Just as JVC licensed VHS to multiple manufacturers, AI companies today are aggressively expanding their reach through partnerships, developer support, and widespread accessibility. For example, Microsoft has strategically integrated its AI models across its software suite (e.g., Copilot in Microsoft 365) and through its Azure AI platform, making it easier for businesses to adopt and integrate AI into their operations. Similarly, OpenAI has partnered with major platforms like ChatGPT and various APIs, encouraging developers to build on top of its models, thereby driving adoption and entrenching their platforms as potential industry standards. These companies are not just building AI models — they are creating vast ecosystems where businesses and developers can build upon their AI technologies. For instance, Meta’s LLaMA series, though primarily research-focused, aims to foster an open AI research community that can contribute to and expand its capabilities, positioning Meta to influence AI’s future directions. As more businesses adopt these AI technologies, a feedback loop of innovation and usage is forming — just as it did with VHS. The more widespread the adoption, the more developers and companies are incentivised to build on these platforms, further solidifying their dominance. This cycle not only accelerates innovation but also entrenches these platforms in the market, making them more difficult to displace. The outcome of this battle will likely shape the future landscape of AI, much like VHS shaped the video industry, determining which platforms become the standards and which fall by the wayside. History Doesn’t Repeat, But It Rhymes As the AI battle unfolds, it’s clear that the strategies that determined past technology winners are still at play. The power of network effects, the advantage of underdogs, and the importance of building a comprehensive ecosystem are as relevant today as they were in the past. In the end, the winner of the AI wars will be the company that understands these lessons and applies them most effectively. The future of technology isn’t just about who has the best idea — it’s about who can bring that idea to the most people in the most powerful way. Interesting times awAIt. Build your own Business and Personal Network by joining us at next April 2025. We have a vast array of networks and communities joining us in Dublin on April 29th and 30th along with a stellar lineup of previous guests and friends of . Speaking of which, the latest episode of the show feature three forthcoming guests who will be speaking at , , and . We explore the Future of Consulting in an Age of Ai.
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Gold Crushes Ants Ill-Fitting Robes and Disruptions Power Redistribution
11/29/2024
Gold Crushes Ants Ill-Fitting Robes and Disruptions Power Redistribution
Gold Crushes Ants, Ill-Fitting Robes and Disruption's Power Redistribution Aidan McCullen: [00:00:00] Gold Crushes Ants, Ill-Fitting Robes and The Power Redistribution of Disruption. Just a brief reminder of what this episode is in case you have not heard it before.. Each week I write a newsletter called The Thursday Thought. For years, listeners to the Innovation Show have asked me to narrate it. I never had enough time. So today, I am using AI. I have cloned my voice. It is not perfect, but it saves me hours of effort. For those who want the short version. Here is a paragraph: Disruption redistributes organisational power, information and status. As Machiavelli noted, those in power dislike such change. However, there is a twist to this week’s Thursday Thought. Sometimes, the new-found power does not sit well with those who inherit it, to their detriment and to that of the organisation. Gold Crushes Ants! Let's begin with a quote by Plato from "The Republic." Plato wrote: "But when the cobbler or any other man [00:01:00] whom nature designed to be a trader, having his heart lifted up by wealth or strength or the number of his followers, or any like advantage, attempts to force his way into the class of warriors, or a warrior into that of legislators and guardians, for which he is unfitted, and either to take the implements or the duties of the other; or when one man is trader, legislator, and warrior all in one, then I think you will agree with me in saying that this interchange and this meddling of one with another is the ruin of the State." This passage from Plato's The Republic expresses the idea that societal roles should be distinct and specialised to ensure the stability and well-being of the state. Plato argues that each individual has a natural aptitude and should perform the role suited to their abilities. The cobbler (a metaphor for any tradesperson), the warrior, and the legislator/guardian represent different classes in society. Plato believes that problems arise when individuals try to take on roles for which they are [00:02:00] not naturally suited or when they attempt to accumulate power by combining multiple roles. For example, if a cobbler tries to become a warrior or a warrior tries to become a legislator, it disrupts the social order and leads to chaos and ruin. This concept is part of Plato's broader vision of a just society, where everyone contributes according to their strengths and society functions smoothly as a result. The Power Shift. Let's take for example, the significant shift in power that occurred in many organisations due to the advent of digital technology. The rise of roles such as heads of digital, data, AI and E.S.G. transformed traditional industries, from media companies to physical retailers. These new roles require a different set of skills, mindsets and perspectives, often leading to friction within long-held hierarchies. In many traditional organisations, digital leaders face resistance similar to what Plato described. Established professionals, [00:03:00] akin to the warriors and legislators in The Republic, often see these newcomers as threats to their traditional roles and authority. This resistance can be rooted in a fear of obsolescence or a reluctance to adapt to new methods and technologies. For instance, the introduction of digital journalism revealed how technology can challenge the conventional roles within a newsroom. It changes the "speed to market", it raises concerns about traditional journalists and the changing nature of editorial control. This works both ways, where new power dynamics can lead to tensions when digital leaders overstep their bounds or when their innovations disrupt the status quo too abruptly. All of a sudden, their importance leads to ego problems. Gold Crushes Ants: The Gradual Path to Power and Responsibility. “If you give a ton of gold to an ant, it will only crush the ant.” — Sadguru There’s a profound parable shared by Sadguru about a lion with the heart of a mouse, [00:04:00] it went something like this… There was once a compassionate sage. One day while searching his home, the sage uncovered a mother and five baby mice. Terrified, the mother ran away, leaving the baby mice. The kind sage fed the babies with some grain. One day a cat came and devoured four of the mice, but one escaped. The old man continued to feed and care for the last baby mouse. The cat came back to finish the job and eat the last mouse, but the sage chased her away. Every time the sage closed his eyes to meditate, the wily cat came back. Eventually, the sage reasoned that this was not sustainable and he could not always protect the cat, so he had an idea. He used his magical powers to turn the baby mouse into a fierce cat. The idea worked and the cat never came back. However, a wild dog soon discovered there was a tasty cat living with the sage and hung around waiting for an opportunity for a tasty meal. Once again, the [00:05:00] sage thought to himself, this is so inconvenient. Once again the sage used his powers and changed the cat, who was once a mouse, into a dog. Again, it worked, but only for a while. One day, the dog ran home with his tail between his legs. The sage looked out to see that a large panther had been hunting the dog. After chasing the panther away, the sage sat down and thought. This was becoming too troublesome. He had an idea and used his powers one last time. He turned the dog into a lion — after all — a lion is the king of the jungle. Now, when the lion — who was a mouse, then a cat, and then a dog — roamed through the jungle, all the other animals ran away in fear. However, the lion went through a constant internal struggle. Knowing he was a lion with the heart of a mouse, he thought to himself. “What if the other animals find out that deep down I am just a mouse? What will they do to me?” The lion realised. The only other person in the world [00:06:00] who knows he is a mouse is the sage, so he had an idea. The lion returned home to the sage, intending to kill him. The savvy sage realised what the lion was about to do and apologised to the mouse inside the lion, saying it was wrong of him to change him. And so, the sage turned him back into a mouse. So what is the moral of the story? It is natural for a cat to chase a mouse, for a dog to chase a cat, for a panther to chase a dog. If you give them a position far beyond their capabilities for that position, it will bring misery to them and to the person who gave them the position. Whenever we place someone in a position beyond their abilities, it can rack them with insecurity, fear and doubt. In an organisation, power can poison talented people. They may suspect that others will doubt their abilities, they will fear that others will find them out. It happens with Innovation roles all the time. The organisation feels it should reward tenure and “gifts” an Innovation [00:07:00] Director or other "newly minted" role to executives who do not have transformation or innovation in their DNA. It happens in family-owned organisations because of nepotism. The family member then reigns terror throughout the organisation, sometimes undoing decades of significant cultural work laid down by previous generations. When we gift opportunities to others when they have not earned those opportunities, it rarely works out well. It is not about depriving the giver or the receiver; it is about the struggle and the rite of passage. This concept is particularly relevant today, where new roles—like Head of Digital, Head of Innovation, or Head of Data—are created to meet the demands of rapidly changing organisations. While those filling these positions often possess technical expertise, they may lack the leadership skills and political acumen required to navigate complex corporate environments. This leads to a profound mismatch between the role and the person, where the weight of responsibility [00:08:00] becomes crushing. The lion’s predicament is a metaphor for many modern professionals who find themselves thrust into positions of leadership. They have the title and the technical skills, but they haven’t developed the “muscle” to manage the power and responsibility that comes with the role. Just like the lion’s external strength hides its inner fragility, these professionals can struggle to wield their new authority. The Physiology of Building Strength. Building leadership capacity is much like developing physical strength. When muscles grow too quickly—often through artificial means like anabolic steroids—tendons and ligaments don’t have time to catch up with muscle growth. This creates an imbalance, increasing the risk of injury. The tendons can rupture because they’re not strong enough to support the rapidly growing muscles. In the same way, individuals promoted too quickly may lack the "connective tissue" of leadership skills, such as emotional intelligence, political savvy, and strategic thinking. [00:09:00] These are the tendons that allow people to support the heavier loads of responsibility that come with leadership. Without developing these critical soft skills, individuals risk being crushed by the demands of their new roles, just as tendons snap under the weight of artificially strengthened muscles. Organisations are complex ecosystems with intricate power dynamics, unspoken norms, and political undercurrents. New leaders, especially those in innovative or transformative roles, often find themselves in an organisational maze of competing interests and hidden agendas. Without prior coaching or development in leadership and political navigation, they may struggle to implement their visions. The Danger of Ill-Fitting “Robes” This theme echoes Shakespeare’s Macbeth, where the protagonist says: “Why do you dress me in borrowed robes?” (*Macbeth*, Act 1, Scene 3). The quote reflects how newly bestowed titles, roles, or responsibilities can feel like ill-fitting garments, [00:10:00] overwhelming the person wearing them. These “borrowed robes” serve as a symbol of unearned power—something that feels uncomfortable and burdensome until the person grows into it. Just like gold crushing ants, power and authority, if given too soon or too suddenly, can overwhelm individuals who have not yet built the necessary inner strength to bear them. When individuals fail to develop the necessary leadership skills before stepping into senior roles, they risk being overwhelmed by the very responsibilities they seek. Like Macbeth in his ill-fitting robes, they find the weight of their new titles to be uncomfortable and burdensome. Without gradual preparation, the responsibilities of leadership can become too heavy, leading to burnout, failure, or organisational stagnation. This is especially true for roles involving innovation or transformation, where the political landscape is often more complex. These leaders need more than just technical expertise; they must develop the [00:11:00] ability to navigate power dynamics, influence others, and build coalitions. Conclusion: Empowering Leaders to Carry Gold. “Rank does not confer privilege or give power. It imposes responsibility. “ — Peter Drucker The wisdom of "gold crushes ants" serves as a powerful reminder that value and responsibility come with weight. To carry gold—or any significant power—requires strength built over time. Organisations must not only recognize the necessity of new roles like Head of Innovation or Head of Digital but also provide the pathways for individuals to develop the requisite leadership capabilities. For individuals stepping into these roles, acknowledging the need for personal growth and seeking out development opportunities and coaching is crucial. Building the internal "muscle" to handle power involves embracing challenges, learning from failures, and cultivating resilience. In a world where the pace of change is relentless, [00:12:00] organisations cannot afford to have their transformative efforts hampered by unprepared leadership. Former guest on The Innovation Show, Derek van Beaver calls this building the bench, Paul Nunes refers to it as the capability S-curve. By investing in the gradual and holistic development of their leaders, they ensure that when the time comes to carry the weight of gold, their people are not crushed but rather stand strong and capable. Empowerment is a journey, not a sudden leap. The END. Forthcoming episodes of the Innovation show include: Seth Godin. Henry Mintzberg. Jayshree Seth. Steve Kerr. Julia DiGangi. Paul Nunes and Ian Morrison. Stan Deetz Part 3. Byron Reese. And many more. Until next week. [00:13:00]
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Rita McGrath, Alex Osterwalder and Ryan Shanks - The Future of Consulting in an Age of Ai
11/27/2024
Rita McGrath, Alex Osterwalder and Ryan Shanks - The Future of Consulting in an Age of Ai
AI Transforming Consulting: Strategies, Ethics, and the Future The world of consulting is experiencing a seismic shift, largely driven by AI. In this episode, we are joined by Ryan Shanks (Head of Innovation for Accenture EMEA), Alex Osterwalder (CEO of Strategyzer), and Rita McGrath (Columbia Professor, Author and Founder of Valize). They discuss the traditional consulting model, the impact AI has on roles within consulting, and the broader implications on the industry and society. They also delve into the importance of human skills, the evolving business models, the significance of trust in digital transformation, and the shifting landscape of organizational structures and career paths. A must-watch for anyone involved in or interested in the consulting sector. 00:00 Introduction to the Changing World of Consulting 00:40 Traditional Consulting Models and Their Evolution 02:01 Impact of AI on Consulting Roles 02:28 Building and Hiring in the New Consulting Landscape 03:23 AI's Role in Transforming Business Models 05:18 Real-World Examples of AI Integration 14:09 The Need for Continuous Reinvention 18:28 Outcome-Based Consulting and Ethical Dilemmas 24:46 Future of Consulting: Marketplaces and Ecosystems 26:35 The Rise of Small AI-Driven Firms 27:23 Impact on Education and Hiring 28:35 Human Skills in the Age of AI 30:22 Trust and Ethics in AI 31:36 Adapting to Rapid Change 32:53 The Role of Human Sciences 36:09 The Future of Work and AI 43:16 Leadership and Governance Challenges 46:10 Final Thoughts and Reflections Find Rita: Find Alex: Find Ryan: https://ie.linkedin.com/in/ryanmartinshanks Find The Reinvention Summit: Innovation, AI, Consulting, Business Strategy, Digital Transformation, Reinvention, Change Management, Future of Work, Organisational Culture, Emerging Trends, Rita McGrath, Alex Osterwalder, Ryan Shanks, Strategic Inflection Points, Ecosystem Thinking, Entrepreneurship, Human-Centric Design, Technology Disruption, Leadership, Continuous Reinvention
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