The Innovation Show

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Discovery-Driven Planning with Rita Gunther McGrath The Clayton Christensen Tribute Jan 29, 2023

Show notes

We covered the Innovator's Dilemma with Matthew Christensen in the first part of this series, but we did not cover Chapter 7 of the Innovator's Dilemma,that chapter Is entitled "Discovering New and Emerging Markets" It opens as follows:

"Markets that do not exist cannot be analyzed: Suppliers and customers must discover them together. Not only are the market applications for disruptive technologies unknown at the time of their development, they are unknowable. The strategies and plans that managers formulate for confronting disruptive technological change, therefore, should be plans for learning and discovery rather than plans for execution. This is a crucial point to understand because managers who believe they know a market's future will plan and invest very differently from those who recognize the uncertainties of a developing market."

You may know those to be the words of Clayton Christensen, but what you may not know is that this concept of discovery-driven growth stems from the work of a very special friend of the Innovation Show, it is an immense pleasure to welcome Rita McGrath.

Topics Covered on this episode:

00:00:00 - Intro and Sponsor

00:02:28 Rita McGrath Welcome

00:04:15 Clayton Christensen Relationship

00:07:35 Discovery-Driven Planning

00:12:05 Client Example of Too Attached to Outcome

00:13:23 Redefining Failure: Failing Fast is Not Always Failing

00:14:04 Example of Varo Bank

00:18:51 KittyHawk Example

00:20:54 The Role of Luck

00:24:51 Honda SuperCub and NonConsumers

00:27:50 Jobs To Be Done and The McLean Hamburger

00:29:51 Origins of Discovery-Driven Planning

00:31:41 Most Mutations in Nature Fail, as do most ideas

00:32:47 Origins of Innovation Thinking From Schumpeter to Today

00:34:08 Discovery-Driven Planning Overview in a Nutshell

00:37:55 Disasters: EuroDisney

00:42:09 Disasters: PolaVision

00:43:15 Organisational Capabilities, Arenas and Kao

00:46:23 Selling an Idea to a CFO/Incumbent Gatekeeper

00:51:06 UPM Example: United Paper Mills Example

00:55:00 R.A.C.E.

Find Rita here:

https://www.ritamcgrath.com/

Find Valize here:

https://www.valize.com/

Joseph L. Bower - Disruptive Technologies: Catching the Wave Jan 25, 2023

Show notes

In part 2 of our series to honour the work, life and theories of Clayton Christensen, Joseph Bower unpacks that famous HBR article, "Disruptive Technologies: Catching the Wave" This article spawned the book, "The Innovator's Dilemma" Joe Bower s the father of "Resource Allocation theory" included in his 1970 groundbreaking book, Managing the Resource Allocation Process. He has been a leader in general management at Harvard Business School for over five decades where he is the Donald K. David Professor Emeritus. He was Clayton Christensen's doctoral thesis adviser and worked with Clay to develop and stress-test his theories.

Just some of the topics covered in this episode:

00:00:00 Intro
00:01:46 Managing Resource Allocation
00:02:57 Dissertation Supervisor for Clayton Christensen
00:04:11 Traits of Great Leaders
00:06:19 Resource Allocation
00:08:44 Group Decision Making
00:26:56 The Human Element of Change
00:46:46 Advice for Changemakers and Leaders
00:51:25 Getting People to Change Their Mind
00:56:29 Final Thoughts on Clayton Christensen

The Innovator's Dilemma with Matthew Christensen Jan 22, 2023

Show notes

The logical, competent decisions of management that are critical to the success of their companies are also the reasons why they lose their positions of leadership." How can executives simultaneously do what is right for the near-term health of their established businesses while focusing adequate resources on the disruptive technologies that ultimately could lead to their downfall? The Innovator's Dilemma!!!

Clayton Christensen fathered the "theory of disruptive innovation", but he also fathered wonderful people who have built on his pioneering work. We are honoured to be joined by one such pioneer. The apple does not fall far from the tree; he is offspring in mind and body and spirit we welcome Co-Founder, CEO, and Managing Partner of Rose Park Advisors, Matt Christensen, welcome to the show.

The Brain-Friendly Workplace with Friederike Fabritius Jan 17, 2023

Show notes

Today's book takes a fresh perspective on what it takes for people to flourish in the workplace. Our guest suggests that when we focus on neurodiversity, we respect people's deeper drives and motivations, and then companies will naturally achieve better results as a side effect. One thing we must keep in mind is that neurosignatures shouldn't be thought of as static.

Our neurosignatures change throughout the day. When I get out of bed in the morning, my testosterone neurosignature is very high. But by evening, it's almost nonexistent. I don't want to conquer my goals at eight at night; I want to watch Netflix and chill.

We welcome back a great friend of the show, Friederike Fabritius, a multiple-time guest with her WSJ best seller: The Brain-Friendly Workplace.

Find Friederike here: https://friederikefabritius.com

The Language Game - Nick Chater and Morten H. Christiansen Jan 11, 2023

Show notes

The story of language is the story of humanity; the new understanding of language that our guests outline in this book radically revises our conception of ourselves. In today's book, our guests outline a revolutionary perspective that overhauls almost everything we thought we knew about language.

We will hear how the game of charades reveals deep insights into how language works. We'll hear how our brain can improvise linguistic 'moves' at an astonishingly rapid rate. We'll hear how languages are in continual flux, how people without a common tongue can rapidly create a language from scratch, and why it's likely that language has been independently reinvented countless times. We will realise how the creation of language is not only essential but also changes the nature of evolution. It's a pleasure to welcome the authors of "The Language Game- How Improvisation Created Language and Changed the World", Nick Chater and Morten H. Christiansen.

Find Nick here:

https://www.wbs.ac.uk/about/person/nick-chater/

https://twitter.com/nickjchater

Find Morten here:

https://csl-lab.psych.cornell.edu

https://twitter.com/mh_christiansen

The Exploit-Explore Continuum with Alex Osterwalder Jan 05, 2023

Show notes

Senior leaders often want to know how they can build an environment to allow innovation to thrive. In order to do that, they first need to realise that business activities live on an uncertainty continuum - that we call the Explore-Exploit Continuum - and that creating new growth engines and managing existing business(es) are on opposite ends of this continuum. A better understanding of the Explore-Exploit Continuum will help executives and innovation teams put in place the right investment and management processes, the required skill set and culture to explore new business ideas as successfully as they exploit current businesses.

Everything Is a Story - Martin Grunburg Dec 30, 2022

Show notes

As a cognitive device, STORY is so woven into our language and thought process that it is inextricable. Since thought is at the heart of one's life experience, it's your stories—the ones you tell yourself habitually, for days, weeks, months, years, and even decades, that either move you closer to your goals and ideals or tragically, push them further away. Building upon his prior works and leaning upon advanced theories of thought and meta-cognition, Grunburg produces an epic finale and at the same time, introduces an innovative and simplified behaviour change model already impacting the coaching and behaviour change professions. Find Martin here: https://thehabitfactor.com

The Banking Reinvention Quadrant with Paolo Sironi Dec 26, 2022

Show notes

It is a pleasure to welcome back the author of "Banks and Fintech on Platform Economies: Contextual and Conscious Banking " Paolo Sironi, welcome to the show Evolving bank business models on outcome economies, resolving the tension between information and communication, which requires overcoming the fears of abandoning the shore of established operational models, and all the products and services rendered. In the dark of the new digital, financial and economic normal, only a crisp and clear vision can guide all stakeholders in the transformation effort. Furthermore, the regulators need to be aligned on the new digital strategies that will ferry the whole industry to more sustainable shores. What is needed is a business map and a compass to guide the navigation. The map is the Banking Reinvention Quadrant (BRQ), and the compass pointing to the North Star of higher business value is the theory of Financial Market Transparency (FMT)

MOJO Meetings and Wreckoon - Paul Cobban Dec 20, 2022

Show notes

Co-author of "Eat Sleep Innovate", Paul Cobban, shares the importance of reframing your competitive set and the concept of MOJO Meetings and Wreckoon. Singapore's DBS Bank has been voted the world's best bank for five years in a row! It wasn't always like that. Today's guest remembered his first day at DBS in 2009: when he asked his taxi driver to take him to DBS, the driver said, "Ah, DBS—Damn Bloody Slow," referring to the notoriously long queues that plagued its ATMs. We are joined today on Innovation Bytes by the man who led the transformation from Damn Bloddy Slow to the best bank five years in a row. He is also the co-author of Eat Sleep Innovate with a friend of the Show, Scott D Anthony. He is going to share some nuggets about the transformation It is a pleasure to welcome Paul Cobban. Find Paul here: https://paulcobban.com/book/

Netflix Blockbuster and The Innovators Dilemma with Matt Christensen Dec 15, 2022

Show notes

The work of Clayton Christensen changed my worldview and, ultimately, my life. I have been lining up all his co-authors to celebrate his life and share his theories. We have been interviewing each of these great thinkers over the last few months and into 2023. We will bring you each of those episodes in chronological order of his book releases. It includes Matt Christensen, Clay's son and CEO of Rose Park Advisors, Rita McGrath, Joseph L. Bower, Michael Raynor, Scott D. Anthony Hal Gregerson, Taddy Hall Bob Moesta, Michael B. Horn Efosa Ojomo and Karen Dillon.

Coming Jan 23, 2023

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