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Tag Archives: Wisdom

Leadership & Business Wisdom

Leadership & Business Wisdom

Social Innovation: The Lab Without Wall Steinmetz’s technology-driven science is anathema to many academic scientists. Steinmetz’s innovation also led to the “lab without walls,” which is America’s specific, and major, contribution to very large scientific and technological programs. The first …

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Leadership & Business Wisdom

Leadership & Business Wisdom

Managing the New Venture Every new project is an infant and infants belong in the nursery. Innovative efforts, especially those aimed at developing new businesses, products, or services, should normally report directly to the “executive in charge of innovation.” They …

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Leadership & Business Wisdom

Leadership & Business Wisdom

Diversification Shoemaker, stick to your last!” The old cliché is still sound advice. The less diverse a business, the more manageable it is. Simplicity makes for clarity. People can understand their own job and see its relationship to results and …

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Leadership & Business Wisdom

Leadership & Business Wisdom

Respect for the Business and Its Values The acquisition must be a “temperamental fit.” No acquisition works unless the people in the acquiring company have respect for the product, the markets, and the customers of the company they acquire. Though …

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Leadership & Business Wisdom

Leadership & Business Wisdom

In Innovation, Emphasize the Big Idea Innovative ideas are like frogs’ eggs: of a thousand hatched, only one or two survive to maturity. The innovative organization understands that innovation starts with an idea. Ideas are somewhat like babies – they …

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Leadership & Business Wisdom

Leadership & Business Wisdom

Test of Innovation Measure innovations by what they contribute to market and customer. The test of an innovation is whether it creates value. Innovation means the creation of new value and new satisfaction for the customer. A novelty only creates …

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Leadership & Business Wisdom

Leadership & Business Wisdom

Balancing Three Corporate Dimensions Shareholder sovereignty is bound to flounder. It is a fair-weather model. An important task for top management in the next society’s corporation will be to balance the three dimensions of the corporation: as an economic organization, …

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