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Should You Reward Bad Ideas?
Some ideas are crazy. Some are underdeveloped. Some will fail. How can you deal with them without squelching your employees’ creativity? True or false: There’s no such thing as a bad idea. Of course bad ideas exist. In retrospect, the AOL–Time Warner merger was not the wisest idea. Neither is photocopying your face. But ask any number of…
Read MoreThe Wolves are at the Door: Why YOU Need to Hire an Intellectual Property Lawyer
Innovation is the lifeblood of any organization, and value creation is measured by a company’s intellectual property portfolio. As a business leader, you are responsible for protecting your company’s IP portfolio through patents. What exactly is a patent? A patent is a legal document granted by the federal government that gives the patent owner the…
Read MoreWhy America’s patent system needs to be reformed, and how to do it
From The Economist: http://www.economist.com/node/21526370 ON AUGUST 15th Google bid $12.5 billion for Motorola Mobility, a troubled American maker of mobile phones. If the purchase goes through, it will be Google’s largest ever acquisition, almost doubling the size of its workforce. The attraction for the internet giant is not the handset-maker’s 19,000 employees nor its 11% share…
Read MoreIntelligence Lost: Seven Innovative Steps to Ensure Boomer Retirement Doesn’t Create Knowledge Vacuum
The U.S. business community is facing a war of intelligence attrition. Fortune 500s will see countless experienced knowledge workers walk out the door over the next two decades. The U.S. Armed Forces are losing millions of officers and key personnel to retirement. For even those companies that thrive on innovation, the numbers are daunting –…
Read MoreInnovation and How to Harness the Creative Mindset
Every organization has a diverse group of personalities that respond differently to particular management styles. The creatives of an organization are often the group that stands out and may be misunderstood. How are creatives perceived in your company? What is the nature of the creative type, and how can they best be managed for the…
Read MoreDefeating Devil’s Advocates to Become an Innovation Champion
In an organization, it’s human nature to resist change and to stick with the status quo that’s often more comfortable and safe. Some of your teammates in your company may be devil’s advocates who claim they want what’s best for the business while they oppose initiatives for Innovation. As a leader and innovator-in-chief of your…
Read MoreGreenwashing: Electric Cars and Innovation Stalled
Electric cars seem like the socially conscious, feel-good investment among environmentally friendly consumers. In corporate boardrooms, the innovation seemed well liked indeed. What’s not to like? Cars like the Nissan Leaf and Chevrolet Volt reportedly can drive for a day or more on a full electric charge. The Toyota Prius reduces a tank full of…
Read More$4 Per Gallon Gas = Energy Innovation
Long lines at the gas pump weren’t the only product of the twin energy crises of the 1970s. A legislative push toward energy conservation and innovation were also born as a result. And that’s why one expert believes the skyrocketing price of oil will do the same in 2011. “History has proven that innovation in the…
Read MoreKeep the Idea Highway Open to All
Innovation advances your company towards the future – generating new products or services, boosting profits and increasing stakeholder value. To develop Innovation, the first step is to Inspire and Initiate your organization’s members. Innovation leaders need to provide the right support, both material and emotional, to stimulate new product development (NPD). What are effective methods…
Read MoreInnovation and the Necessity to Inspire
In order for organizations to successfully achieve Innovation – the lifeblood of any company – Robert’s Rules of Innovation gives ten imperatives to follow in order to attain sustainable growth. The ten imperatives begin with the first step that needs to be accomplished before any progress can be made, and that is to Inspire and…
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