Filtering by Category: Organizational Culture

Why Companies Work On Products Nobody Wants

Added on by Alexander Osterwalder.

42% of startups die because they work on products with no market need. 72% of all new products don’t meet their revenue targets. Why do companies continue to work on products and services nobody wants? Are they stupid? Most certainly not. They use the wrong processes. Let me explain. 

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Learn To Boost Alignment In Cross-Functional Teams On Innovation Projects

Added on by Strategyzer.

The Team Alignment Map (TAM), created by Stefano Mastrogiacomo, is a tool for helping cross-functional teams get on the same page when running innovation projects. He’s also facilitating a 1-day Masterclass to help you improve innovation conversations with the tool. Sign up to get notified when tickets go live.

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You Can’t Pick The Winners Without Investing in The Losers

Added on by Alexander Osterwalder.

To pick the home runs you need to invest in a lot of losers and mediocre projects. The data from early stage venture capital clearly illustrates this. If executives in companies knew the data, they would probably not expect a majority of projects to become a winners.

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StratChat Replay: How To Build An (Innovation) Culture

Added on by Strategyzer.

Catch the replay of our latest StratChat webinar broadcast. Alex Osterwalder and XPLANE founder Dave Gray explain how to intentionally discuss, capture, and design a company culture around innovation. We're also designing a course on designing great innovation company cultures. Sign up to be notified when the course goes live.

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What Can You Expect After A 12 Week Innovation Sprint?

Added on by Alexander Osterwalder.

With our Strategyzer Innovation Sprints, we help major companies go from ideation to early validation in 12 weeks. That's long enough to produce results (even in B2B) and short enough to put pressure on teams. One question that always comes up when we start: what can teams expect after 12 weeks?

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How To Build Invincible Companies

Added on by Alex Osterwalder & Yves Pigneur.

It’s more important than ever for companies to focus on inventing the future. Companies have to start giving more power and prestige to growth innovation, or risk becoming irrelevant. Yves Pigneur and I explain three crucial areas to address this challenge.  

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Professional Innovation Requires Time & Resources

Added on by Alexander Osterwalder.

I’ve always struggled to understand why many companies ask fully occupied employees to do innovation in addition to their day job and expect spectacular results. Do we ask people to do accounting, marketing or operations on the side? No, because we accept them as professions. Innovation is still fighting for the right to be a serious function in most companies.

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Why Teams Are Terrified To Pitch Their Ideas The "Right Way"

Added on by Alexander Osterwalder.

In many organizations leadership is used to judging ideas, and teams are used to making their (unproven) ideas look picture perfect. That is the worst possible context to pitch new business ideas. The right way? Present the ideas in their rawest form possible, only supported by the evidence proving they might work.

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Can (Lean) Innovation Ever Conquer The Board Room?

Added on by Alexander Osterwalder.

I’m just back from the fabulous Lean Startup Week in San Francisco. I enjoyed being part of it, re-connecting with friends and innovators, and watching the movement grow year-after-year. Yet, I think that the Lean Startup, and innovation in general, is at an impasse despite the enthusiasm, progress, and great mood. I believe innovation has NOT conquered the boardroom yet.

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“Failure” Saves Your Company Money & Encourages The Pursuit Of Bold Ideas

Added on by Alexander Osterwalder.

Companies traditionally see failure as a waste of money. This is the right perspective when you’re building a new factory or managing established processes. However, quick and cheap failure helps you identify which ideas NOT to pursue when it comes to creating new growth engines. This type of “productive failure” that leads to learning and insights helps you avoid investing millions of dollars in ideas that customers don’t want, won’t make enough money, or are impossible to execute.

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Time Is Worth More Than Money

Added on by Alexander Osterwalder.

You can't expect innovation teams to bring back perfect and completely validated business ideas without giving them the required time to do the work. In this post, we align expectations for time against the effort your team can place on validating new business ideas.

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Corporate Innovators Need Access To Customers

Added on by Alexander Osterwalder.

What’s the one thing companies have that startups don’t? Customers. Access to customers is indispensable to learn if new  business ideas have the potential to become solid growth engines. So why is it so difficult for corporate innovation teams to connect with a company’s existing customers?

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CEO Test: Are You Serious About Innovation Or Just Playing Theatre?

Added on by Alexander Osterwalder.

It’s not enough for CEOs to initiate innovation and strategy activities inside the company. The CEO has to participate in the process, with enough face time and involvement, or else it’s just innovation theatre. Here’s how that can change.

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