innovation
129 posts
In Praise Of Curiosity
Not so long ago conversations with strangers just happened anywhere and everywhere. This was especially true in Dublin where I grew up. It was not unusual for someone you’d never met to practically tell you their life story while you were standing waiting for the 16A bus into the city. Showing an in
Knowing What You Don’t Know
The most unhelpful assumption we make as marketers is that our customers know why they need our products or services. From there we think our job is to offer proof—to tell people why we are the best alternative. The first rule of innovation, sales and marketing is to understand the customer’s pain p
Exactly What To Do
When faced with a challenge, we seek out a sure-fire solution. We want to know exactly what to do. We long for the step-by-step guide. The right answer. A formula to follow and faithfully replicate. Formulas work. They give us the answer to questions that have been asked before. But it’s only by bei
Keeping Score
Kill rivals, don’t collaborate. That’s what “fire-in-the-belly visionaries” do. The recent article in the Financial Review was reporting remarks from a speaker at their innovation summit. In his opinion, Australian businesses are too friendly. If we are to survive, we need to behave more like Amazon
Why Not Make Something Great?
Like his grandfather, before him, Shane was in the textiles business. He made good socks for a living until the day he realised that pretty soon there would be no living to be made in a product that was good enough. His company was struggling to differentiate from and compete with big retailers who
We And Us
The group of colleagues on a business trip say goodbye as they board their respective flights. The boss congratulates them on a job well done. Their smiles slip as soon as he’s out of earshot. How could he possibly think that meeting was a success? The company is just going from bad to worse. It’s…
The Art Of Customer Loyalty
How many store loyalty cards do you have in your wallet? How many more will you be offered this week? Do you still carry a wallet? We’ve tried to turn customer loyalty into a data-driven science. A game of, if we do this, customers will do that. In our desire for something to measure, or…
The Opportunity In Shifting Expectations
Your customers are changing. You are changing too. Notice how impatient we get now if we are second or third in a queue. In our world of one-click-ordering, instant downloads and movie streaming, we believe waiting is unacceptable. ‘Why can’t they just open more checkouts?!’ While it’s true that you
Anticipating The Next Move
Every successful business strategy is dependent upon making a good decision about the next move. In a commercial world, we spend a lot of time planning to create growth. Often those plans rely on getting the customer to do what we want them to do—so we can make our next move. The businesses that not
How Much Do The Answers Matter?
Asking questions is a big part of our job whatever our role. We know we can enhance our products and services and improve client outcomes by asking the right ones and acting on the answers. So we send surveys. We listen to what people say and watch what they do. We go to the trouble…
What Are You In A Hurry To Do?
In our world of infinite information and seemingly endless opportunities there’s a temptation to fill every moment—to make every available second a productive one. So we multitask. We eat at our desks instead of taking a break. We always listen to podcasts on our commute, neglecting to pay attention
The Two Questions Behind Every Successful Product And Service
There’s a subtle difference between a product or service that stems from an idea and one that’s born from recognising an opportunity. Ideas are solutions in search of problems. Opportunities are problems begging for a solution. The magic of solving problems for a specific customer is that the market
You Know More Than You Think
We could be forgiven for thinking that facts and figures communicate the whole truth and hold the keys to unlocking the value in every future opportunity. New digital tools and technologies not only give us more information about the world around us and the people in it but also help us to know more
Where Will Your Next Big Idea Come From?
A few weeks before Hillary Clinton was defeated in the US presidental election I met a guy selling hats emblazoned with both candidates’ names outside the Rockerfeller Center in New York. ‘There will be a big upset in this election. Trump hats are selling like hotcakes,’ he said. It was hard to beli
The Power Of The Constant In A Changing World
In a commercial world, we’re always trying to predict and keep pace with the future. A bit like a toddler failing to outrun his shadow. It’s a race none of us will ever quite know enough to win. Because we’re focused on the future, naturally we worry about change and disruption, often overlooking wh
Who Do Good Ideas Come From?
Everyone knows a good idea is a shortcut to success, profits and growth. Bad ideas lose. Good ideas win. This is why we are obsessed as a culture about where good ideas come from and how to have more of them. As we go in pursuit of a breakthrough idea we turn our gaze outward…
The Value Question
What’s the one unanswered question you believe would unlock the most value in your business? Why does it matter? How would knowing the answer change your strategy? Where can you find the information you need? What’s stopping you? Image by Derrick Story.
The Benefits Of Adopting An Ostrich Mindset
Think about how many hours you’ve wasted this year worrying about how well your competitors are doing. The meetings where you focused on how to get ahead. The private angst when your numbers wobbled and theirs stayed steady. Can you name one time when your business gained an advantage by obsessing a
What’s Your Reason?
The pressure to take part in the race to be first is real, and not just in business. We’re subtly enrolled and invested in this quest from the moment our parents start comparing our progress from cutting teeth to crawling, with that of our peers. Our culture associates coming first with being happie
The Best Opportunity
One of the best things about our family’s move to Melbourne two years ago has been the rediscovery of local shopping strips. In beautiful Perth, where we lived for ten years, our grocery shopping involved a car trip to one of the dominant, big chain supermarkets. In Melbourne, we live a two-minute s
