McKinsey published an article recently revealing their research stating: “at least 7 percent of employees owning part of the transformation”. Got it? 7% of workforce engagement is required to deliver successful transformation. So… should you, as a CEO or corporate innovation leader, engage at least 7% of your organizations head-count in order to lead a
Many quote the reasons described in the CBInsights ‘Startup Failure Post-Mortems’, which despite the title, do not rely qualify as a robust ‘Post-Mortem’ analysis. Yet, there were not too many other reliable sources for this question. Until now. Tom Eisenmann’s research has revealed 6 failure patterns described in his book ‘Why startup fail’ (you can
How to be successful startup founder? In an unexpected, fast moving, world the capacity of building new economic entities under uncertainty (startups…) is extremely valuable. Startup founders are constantly seeking “The Ultimate” strat-Up roadmap, or checklist that they can follow. Those familiar with ‘The lean startup’ concept believe this kind of universal roadmap could never
Isn’t it about time we abandon this phrase? The ‘fail fast, fail cheap’ mantra, or in its alternative variations of ‘fail forward’ or ‘fail better’, has become one of the most common themes of entrepreneurs building their startups. It usually runs around the notion of bringing a half-baked product to the market in order to
Corporate innovation that works is: Essential, Balanced, Specific, Diverse, Costly and…. Corporate innovation is one of the hottest issues in management today. Mangers are now expected to deliver ‘disruptive innovation’, and everyone, down to the last employee should submit ‘innovative ideas’ to improve performance. This topic of ‘disruptive innovation’ is so ‘disrupting’ that a Google-Trends
Thoughts… Front camera: “Alert on right: Pedestrian running into drive path” Emergency Algorithm: “… potential collision within 3 seconds, activate emergency-car-stop…” Passenger-safety-algorithm: “…passenger age retrieved form data-base is 75. High chance for passenger injury: deactivate emergency-car-stop and take a softer crash into road-safety-fence on the left.” Damage-control-algorithm: “…potential car damage from hitting safety-fence calculated. Result
Just before you dive into a new venture: Leaving everything behind for launching a new startup? you might want to be sure you have what it takes to be an entrepreneur. As an investor: you might want to make sure your money in placed in the hands of a competent team. So are there any reliable
Should you join in? New corporate accelerators are announced in growing numbers: Microsoft, IBM, GM, GE, Citi, Barclays, Samsung, Tyco and more. Is it s good place for you as a start-up? is it a good investment for you as a corporate? Airbnb founders boosted their venture after joining the Y-Combinator accelerator. But what if
So where did Paul Graham go wrong? In a fantastic essay about startups and economic inequality Paul Graham states: “I am a manufacturer of economic inequality”. Graham further connects a line between Y-Combinator startups, founder getting rich and increasing inequality ( see short essay version here). a) Startups create new economic value (through the Schumpeterian
