The Innovation Show

Gary Hamel on Leading the Revolution Part 1 In this episode, renowned business thinker Gary Hamel discusses his book 'Leading the Revolution' with Aidan McCullen, offering an innovative action plan for companies or individuals aiming to stay ahead of the industry. Drawing on successful examples from companies like Charles Schwab, Virgin, GE Capital, and profiling innovators like Ken Kutaragi of Sony PlayStation, Hamel shares how to grow and innovate amidst market chaos. He explores the origin of revolutionary business concepts, key criteria for building activist-friendly and revolutionary-ready companies, the dangers of becoming ‘one vision wonders,’ and harnessing employee imagination. The conversation also reflects on business failures, the cyclical nature of market success, and the essential need for continuous reinvention. Join for invaluable insights on thriving in turbulent times. 00:00 Introduction to Industry Revolutionaries 00:41 Exploring Revolutionary Business Concepts 00:48 Key Criteria for Building Revolutionary Companies 00:55 Avoiding One Vision Wonders 00:59 Harnessing Employee Imagination 01:11 Practical Advice for 21st Century Success 01:23 Welcoming Back a Business Thinker 01:50 Insights from Leading the Revolution 02:37 Honoring Professor Paul Hamel 03:23 Corporate Climate in 2000 03:56 Technological Advancements and Market Shifts 04:43 The Importance of Innovation 05:16 Challenges for Established Companies 06:15 Digital Transformation and Its Pitfalls 06:53 Investment in Technology 09:04 Organizational Orthodoxies 10:42 The Danger of Unchallenged Assumptions 11:19 Examples of Missed Opportunities 15:25 The Future of Retail and Education 17:23 The Importance of Humility in Leadership 18:24 Case Study: Sony's Rise and Challenges 20:44 Leadership and Organizational Dynamics 23:31 Encouraging Innovation from the Periphery 24:32 Case Study: Haier's Entrepreneurial Platform 29:07 Changing the Rules for Success 31:17 Forming Partnerships with Young Companies 32:22 Understanding Innovation Risk 36:31 De-Risking Innovation 37:55 The Importance of Intellectual Commitment 39:17 Challenges of Business Model Innovation 44:37 Strategic Planning vs. Strategy 50:27 The Illusion of Corporate Vitality 59:11 The Need for Innovative Leadership 01:01:13 Conclusion and Next Steps Find Gary:

In this episode of The Innovation Show, host Aidan McCullen welcomes back esteemed guest Gary Hamel, celebrated business strategist and co-author of the revolutionary article on core competencies. They dive deep into the concept of competence-based competition, discussing the origins, importance, and modern applications of core competencies. Gary shares insights from his extensive work alongside CK Prahalad and reflects on how their ideas shaped corporate strategy. Using historical and contemporary examples, including Tesla and HAIER, they explore how focusing on deep skills can lead to enduring competitive advantages. This episode is a must-listen for anyone interested in innovation, strategy, and the future of business in a rapidly evolving world. 00:00 Introduction and Welcome 00:23 The Concept of Competence-Based Competition 01:24 Historical Context and Development 02:26 Core Competence and Strategic Implications 05:03 Challenges and Misinterpretations 13:37 Modern Examples and Applications 28:23 Strategic Conversations and Future Focus 35:12 The Danger of Viewing Companies as Product Sets 35:33 Intel vs. TSMC: A Strategic Misstep 37:56 Bounded Innovation and Core Competencies 38:49 Uber's Broader Vision Beyond Ride-Hailing 42:23 Amazon's Evolution from Online Retailer to Logistics Giant 43:21 US Car Makers' Myopia and Missed Opportunities 44:24 Historical Examples: Honda and Sony 47:01 Tesla: An Energy Company, Not Just a Car Maker 48:08 Microsoft's Myopic View and Missed Opportunities 56:00 The Importance of Organizational Flexibility 01:02:26 Encouraging Internal Innovation 01:08:42 Conclusion and Next Steps

Pedro Oliveira: User Innovation in Healthcare Welcome to a new series inspired by Eric Von Hippel, and sponsored by Wazoku. In today's episode, we are joined by Professor Pedro Oliveira, founder and president of Patient Innovation, to explore the role of patients and caregivers in developing new medical products and services. Discover remarkable stories of user-generated medical innovations, such as Tal Golesworthy's life-saving aortic support and Louis Plante's innovative lung-clearing device. Learn how Patient Innovation is helping to bring these solutions to market through a multi-sided platform that connects patient innovators with industry. Find out more about this transformative approach to healthcare innovation and the positive impact it has had on countless lives. 00:00 Introduction to the Series and Sponsor 00:29 Focus on User Innovation in Healthcare 00:53 Interview with Professor Pedro Oliveira 01:20 Eric von Hippel's Influence on User Innovation 03:55 Patient Innovator Stories: Tal Golesworthy 05:17 Patient Innovator Stories: Louis Plante 12:35 Patient Innovator Stories: Hans and Be My Eyes 19:06 The Multi-Sided Platform for Patient Innovation 25:35 Encouraging More Patient Innovations 27:26 Conclusion and Sponsor Message Find Pedro Find Wazoku: User Innovation, Healthcare Innovation, Patient-Driven Innovation, Medical Breakthroughs, Pedro Oliveira, Eric von Hippel, Tal Golesworthy, ExoVasc, Louis Plante, Flutter Device, Hans Be My Eyes, Be My Eyes, Multi-Sided Platforms, Patient Entrepreneurship, Medical Devices, Assistive Technology, Digital Health, Open Innovation, Future of Medicine, Patient Advocacy, Caregiver Innovation

The Future of Foresight & Innovation: Insights with Gary Hamel | The Innovation Show In this episode, we have the pleasure of welcoming back Gary Hamel, a leading expert in business strategy and management. Host Aidan McCullen and Gary Hamel dive deep into the concept of foresight, stressing the importance of understanding broad themes and emerging trends to guide companies toward future opportunities. They discuss companies' common blind spots and failures in anticipating the future, as well as ways to leverage resources effectively. Gary shares insights on the necessity of innovation at all levels of an organization, the perils of becoming too attached to current successes, and how organizations can think more creatively about emerging technologies. They also cover historical examples from companies like IBM, Kodak, and 3M to illustrate key lessons in foresight and innovation. 00:00 Introduction and Welcome 00:20 The Importance of Foresight 02:19 Recognizing Emerging Trends 04:30 Challenges of Organizational Change 09:13 Cultural Perspectives on Innovation 14:31 Historical Examples of Foresight Failures 30:58 Innovation in Cost Structures 34:34 The Urgency of Innovation in Healthcare 35:10 The Need for Builders in Leadership 35:55 Resource Leverage: Doing More with Less 36:55 Learning from Guerrilla Warfare and 9/11 39:06 Speed to Market: Lessons from Japanese Companies 40:24 The Importance of Rapid Iteration 44:00 Building Consensus and Leveraging Employee Insights 47:47 The Role of Strategic Focus in Innovation 53:30 Learning from Kodak and 3M 57:48 Metaphors and Organizational Change 01:07:12 Predicting the Future: The Smartphone and Cloud Computing 01:10:04 Final Thoughts and Contact Information

Gary Hamel Part 1: Competing for the Future 1 In this episode of the Innovation Show, renowned management thinker Gary Hamel discusses his extensive work in the field of organizational transformation and innovation. Reflecting on his early experiences at the University of Michigan and the London Business School, Hamel shares insights into the impact of foreign competition on American businesses in the late 1970s, and the critical importance of foresight and humility for executives. He delves into his consulting work with companies like Nokia and Apple, emphasizing the need for open strategy, diversity of thought, and the constant reinvention of competencies. Hamel also offers practical advice for leaders on avoiding the pitfalls of complacency and short-term thinking, urging them to build organizations that can thrive and innovate in a rapidly changing world. 00:00 Introduction and Welcome 00:43 Early Career and Influences 02:38 Teaching at London Business School 04:50 Consulting and Industry Experience 07:27 Collaboration with CK Prahalad 08:23 Lessons from Global Competition 22:10 Nokia's Rise and Fall 37:22 Innovative Leadership Through Video Messaging 37:42 Predicting the Future: Challenges and Insights 39:12 The Rise of Streaming and the Fall of Broadcast TV 40:39 Executive Resistance to Change 42:05 The Importance of Forgetting and Unlearning 43:49 Youthful Perspectives in Strategy Meetings 44:32 The Downfall of Nokia: Lessons in Innovation 47:06 Apple's Commitment to Silicon Mastery 48:44 Building Competencies for Future Success 53:28 The Persistence of Corporate Failings 01:04:54 The Role of Leadership in Innovation 01:10:15 Conclusion and Call to Action Find Gary:

To Ian Morrison, Rest in Peace. In this inaugural episode of 'Innovation Show X,' host Aidan McCullen is joined by renowned guests Ian Morrison and Paul Nunes to discuss navigating the complex landscape of innovation. They explore key concepts from their influential books, 'The Second Curve' and 'Jumping the S-Curve,' providing insights into managing transitions in business, the challenges of risk and asset allocation, and how companies can sustain high performance over time. The episode also pays tribute to the late Ian Morrison for his contributions to thought leadership and innovation. Tune in to learn about the profound changes in industries like healthcare and technology and the essential balance between legacy systems and new ventures. 00:00 Sad News and Dedication to Ian Morrison 01:27 Introduction to Innovation Show X 01:52 Ian Morrison's Second Curve 04:17 Paul Nunez on Jumping the S Curve 06:38 Discussion on Technology and Market Changes 21:46 Healthcare and Digital Disruption 33:59 Challenges in Innovation and Risk Management 40:15 The Phoenix Metaphor and Organizational Change 53:39 Conclusion and Reflections

Henry Mintzberg - Bedtime Stories for Managers In this episode, our guest is Henry Mintzberg, celebrated management thinker and author of 'Bedtime Stories for Managers.' We explore key themes from his 20th book, which is a collection of insightful essays from his widely read blog. Henry discusses the importance of managers getting out of their lofty offices to truly understand their organizations, the myth of the managerial 'maestro,' and the dangers of over-reliance on hard data. We also delve into the pitfalls of MBA programs, short-term strategy thinking, and the importance of engaging with employees and customers. This episode is a must-watch for anyone interested in thoughtful, experience-based approaches to management. Get ready for a wealth of metaphors, real-world examples, and thought-provoking anecdotes from one of the most respected voices in the field. 00:00 Introduction to Bedtime Stories for Managers 02:01 The Scrambled Eggs Story 04:28 The Myth of the Maestro Manager 06:20 Critique of MBA Programs 10:55 Emergent Strategy Explained 16:12 Leadership vs. Management 21:20 The Importance of Measuring the Right Things 23:55 The Symphony Orchestra Fallacy 24:50 Executive Boredom and Misguided Changes 26:44 The Right Leadership for Different Business Stages 29:52 Challenges of Legacy Organizations 31:53 The Family Business Dilemma 36:11 Short-Term Gains vs. Long-Term Success 44:21 Organizing Like a Cow 48:11 The Role of the Board 49:39 The Illusion of Constant Change Find the book here:

Episode Summary: Eric von Hippel - Free User Innovation (Part 2) Introduction Host Aidan McCullen welcomes back Eric von Hippel for Part 2 of their discussion on Free User Innovation, supported by Wazoku, a company pioneering Total Innovation by connecting people, ideas, and technology. Aidan highlights the great feedback received from Part 1 and sets the stage for a deeper dive into the division of labor between users and producers in the innovation process. Key Themes & Discussions 1. Users as the Real Innovators Traditionally, innovation is associated with manufacturers, but users actually drive pioneering innovation. From skateboards to mountain bikes to heart-lung machines, users create solutions out of necessity, while manufacturers enter the scene later. Manufacturers avoid new markets because they require scale and certainty before investing resources. 2. The Heart-Lung Machine Story (User Innovation in Medicine) John Haysham Gibbon, a surgeon, saw the urgent need for a heart-lung machine to save children needing heart surgery. He approached manufacturers, but they rejected him because there was no proven market. Using charitable funding, Gibbon developed the machine himself and successfully used it on a patient. Other surgeons saw the proof of concept, replicated it in their own hospitals, and slowly created a market for manufacturers to step in and refine the machine. This illustrates user-driven pioneering innovation followed by manufacturer refinement and scaling. 3. The Corporate Rebel Dilemma (Why Organizations Resist Innovation) Employees who spot future opportunities (corporate rebels) often face internal resistance. Example: Ken Kutaragi, the man behind the PlayStation, initially faced rejection from Sony’s leadership. Change only happened when a new executive backed him, allowing the idea to flourish. The challenge: CEOs see corporate rebels as resource drains on an unproven idea. Corporate rebels feel frustrated that leadership doesn’t recognize obvious opportunities. Balancing both perspectives is crucial for organizational innovation. 4. Kodak and the Digital Camera - A Cautionary Tale The first digital camera was invented inside Kodak, but executives rejected it. Why? Kodak was built on film—their expertise, business model, and infrastructure all depended on film. Employees resisted the shift because it threatened their roles. The result? Kodak missed the digital revolution, proving that organizations often resist innovations that threaten their existing business model. 5. Hidden Roadblocks to Innovation (The Reward System Problem) Even when innovation is recognized, company structures resist change. Example: A head of manufacturing refused to introduce an innovation because his bonus depended on reducing scrap waste—and every new product increased waste. Organizations are hardwired to maintain existing incentives, even when they conflict with innovation goals. 6. Users Innovate, Manufacturers Improve (The Division of Labor in Innovation) Users innovate for function, manufacturers innovate for refinement and scale. Example: Mountain bikes were first created by users modifying existing bicycles. Once enough demand existed, manufacturers stepped in and improved features like suspension systems. The orthopedic surgeon who added a spring-loaded seat post to absorb shocks is a great example of this process. 7. The Challenge of Recognizing Frontline Innovation (Listening to the Right People) Innovations often come from unexpected sources, but organizations fail to listen. Example: A furniture upholsterer noticed unusual wear on waiting room chairs at a cardiologist’s office. This led to the discovery of Type A personality, as anxious patients wore down chairs faster. Who notices early warning signs in an organization? Often, it’s not management but cleaners, frontline workers, or maintenance staff. 8. The Hilton Hotel Internet Story (Why Systems Fail to Observe User Needs)...

Rebalancing Society with Henry Mintzberg: Addressing Imbalances in Politics, Economy, and Community In this episode, Aidan McCullen is joined by renowned business strategist Henry Mintzberg to discuss his book on radical renewal. Mintzberg explores the root causes of our current societal crisis, emphasizing the need for balance among the public, private, and plural sectors. They delve into historical and contemporary issues that have led to extreme imbalances, from capitalism's dominance post-1989 to today's political polarization. Offering insights grounded in history and strategy, Mintzberg advocates for a strengthened community sector to restore equilibrium. Addressing not only societal but also personal imbalances, Mintzberg highlights the urgency for action amid global challenges like economic disparity, environmental degradation, and political unrest. The conversation serves as a wake-up call encouraging listeners to engage in meaningful change at both the individual and community levels. 00:00 Introduction: Enough is Enough! 00:38 Welcoming the Guest: Henry Mintzberg 02:44 Understanding Imbalance in Society 05:47 The Role of Business and Government 08:05 Historical Context and Current Issues 11:30 The Concept of Rebalancing Society 18:16 Personal Responsibility and Action 23:56 Closing Thoughts and Call to Action Find more info here:

A conversation with Aidan McCullen, host of The Innovation Show and author of 'Undisruptable'. This a re-edited version of Tech Tonic, the world's first AI Thought Show with hosts (and friends) Scott Wolfson and Kes Sampanthar. Each episode, they explore the world of artificial intelligence, emerging technologies, and their impact on our lives. With engaging discussions, expert guests, and a dash of humor, Tech Tonic provides a unique perspect. Aidan shares his origin story, detailing his transition from professional rugby to digital transformation and media. Discover the inspiration behind his podcast, the importance of continuous learning, and the concept of 'the show before the show'. Aidan's journey is filled with insights on overcoming resistance, embracing reinvention, and the value of autodidactic learning. Don't miss this deep dive into the life of a true innovator. 00:00 Introduction and Initial Struggles 00:29 Welcome to the Innovation Show 00:58 Aidan McCullen's Journey 01:24 Early Days and Learning Curves 03:45 The Birth of the Innovation Show 05:59 Challenges and Resistance 10:07 Taking the Leap 11:26 Seth Godin and the First Episode 13:24 The Concept of Reinvention 18:45 The Power of Discipline and Consistency 29:05 Digital Transformation and Creative Destruction 34:59 The Power of Education and Strategic Alignment 36:03 Embracing Failure and the Path to Success 37:04 The Journey of an Autodidact 38:31 Overcoming Skepticism and Building Credibility 42:44 The Importance of Coachability and Learnability 46:10 The Role of Passion in Professional Growth 57:45 The Reinvention Summit and Its Vision 01:00:48 The Neuroscience of Learning and Thinking 01:07:13 The Journey and Future of Reinvention 01:16:26 Reflections and Final Thoughts Find TechTonic here: https://www.youtube.com/@theAIthoughtshow/streams #InnovationShow #AidanMcCullen #DigitalTransformation #ContinuousLearning #Reinvention #Podcast

In this episode of The Innovation Show, Aiden McCullen interviews Byron Reese, author of 'We Are Agora: How Humanity Functions as a Single Super Organism that Shapes Our World and Our Future.' The discussion delves into Byron's groundbreaking Agora Theory, which suggests that humans may function as part of a larger, conscious superorganism. Topics include the origins of life, the emergence of multicellular organisms, the complexity of DNA, and the potential impacts of understanding life as part of this collective superorganism. The conversation also touches on the role of death, the concept of emergence, and how these insights can apply to organizational strategies and societal progress. 00:00 Introduction to Agora Theory 02:40 Understanding Superorganisms 04:06 The Origin of Life and Cells 19:53 The Mystery of DNA 30:07 Understanding Multicellular Life 32:09 Symbiosis and Multicellular Origins 33:39 Theories of Multicellular Life 38:12 The Universe and Life's Complexity 44:02 DNA: The Blueprint of Life 47:11 Human Evolution and Intelligence 49:41 Bottleneck Events and Human Survival 55:02 Emergence and Superorganisms 57:46 Final Thoughts and Reflections Links Aidan mentioned in the episode: Men In Black sequence: https://youtu.be/OKnpPCQyUec?si=KSGb25FeP72Nvi7T Family Guy: https://youtu.be/7et6-nByfw8?si=6zIfUIQE1XlFL-oH Byron Reese:

In this episode of the Thursday Thought, we delve into the intricate balance between immediate survival and long-term growth, drawing parallels between the human body's stress response and corporate strategies. We explore the concept of temporal discounting, the impact of chronic stress on leadership, and the necessity of preparing for the future during times of calm. Featuring insights from Bruce Lipton, Art Markman, Henry Mintzberg, and Stan Deetz, along with quotes and research, this discussion highlights the importance of balancing short-term reactivity with long-term vision for sustained success. 00:00 Introduction to Thursday Thought 00:21 Bodies Under Stress: Balancing Immediate Survival and Long-Term Growth 01:26 The Stress Response: Short-Term Focus 02:22 Temporal Discounting and Leadership Compensation 05:16 The Long-Term Cost of Chronic Stress 06:15 Stress and Cognitive Shifts in Leadership 08:28 Balancing the Present with the Future 09:54 Conclusion and New Year Wishes

In the second part of our 'Energy Rising' series, host Aiden McCullen welcomes back Dr. Julia DiGangi, a renowned neuropsychologist and author of 'Energy Rising: The Neuroscience of Leading with Emotional Power'. Dr. DiGangi delves into her eight transformative codes designed to help us navigate challenges both in and out of the workplace. This episode focuses on the first two codes: transforming emotional pain into power, and building your power pattern by harnessing the brain's pattern recognition abilities. Listeners will gain valuable insights into how to deal with emotional struggles, the impact of words and emotions on our brain, and strategies to create meaningful change in life and leadership. Don't miss out on the chance to win a copy of Dr. DiGangi's acclaimed book. Subscribe to the Innovation Show's Substack for your chance to win! 00:00 Introduction and Guest Welcome 01:41 The Eight Codes Overview 02:05 Code One: Transforming Emotional Pain into Power 04:03 The Importance of Emotional Energy 04:28 Overcoming Fear and Embracing Misunderstanding 08:05 The Role of Emotional Patterns 15:03 Code Two: Building Your Power Pattern 22:28 Identifying Patterns and Changing Them 23:36 The Brain's Primitive Interpretations 24:40 Personal Story: Overcoming Sports Challenges 27:47 The Power of Leadership and Creation Energy 30:02 The Meaning Making Machine: Trauma and Success 31:48 The Power of Words and Emotions 38:26 Becoming the Emotional Standard 44:08 Magnetic Leadership and Human Connection 45:27 Conclusion and Contact Information Find Julia here: Win a copy by signing up to our Substack here: Hidden Messages of water and the power of sound: Power of Words:

In this episode, we are joined by neuropsychologist and author Dr. Julia DiGanji, who discusses her book 'Energy Rising: The Neuroscience of Leading with Emotional Power.' Dr. DiGanji reveals eight powerful codes to effectively navigate challenges and shares transformative stories from business leaders, parents, couples, and combat veterans. Learn about the concept of emotions as real neurological energy, how mastering emotional intelligence can change your leadership game, and the importance of embracing difficult emotions to achieve personal and professional growth. Don't miss the opportunity to grab a copy of Dr. DiGanji's book by signing up for our Innovation Show Substack. This conversation is a profound exploration of how our nervous system regulates our life experiences and practical steps to turn emotional pain into power. 00:00 Introduction to Emotional Energy 00:44 Meet Julia D. Ganji 01:03 Understanding Emotions as Energy 02:21 The Power of Emotional Intelligence 06:19 Emotional Pain vs. Emotional Power 06:56 Navigating Uncertainty and High Emotions 18:47 The Concept of Self Division 28:56 Leadership and Emotional Energy 35:34 Exploring Ineffective Extrinsic Rewards 36:09 Addressing Leadership Engagement 37:01 Understanding Emotional Contagion 38:08 The Role of Leadership in Emotional Pain 39:43 The Power of Authentic Leadership 41:18 Navigating Uncertainty and Self-Trust 42:53 The Brain as a Pattern Detection Machine 49:15 The Impact of Overworking and Overgiving 53:44 The Importance of Clarity and Connection 01:05:21 Final Thoughts and Call to Action Find Julia here: Win a copy by signing up to our Substack here:

Navigating Organizational Transitions with Stan Deetz In this episode, we cap off a brilliant year of growth with the insightful Stan Deetz, author of 'Leading Organizations Through Transitions'. Stan shares his expertise on managing change within organizations, focusing on technological disruptions, mergers and acquisitions, and the intricate dynamics of power shifts. We dive deep into the effects of AI on organizational structures, the concept of tacit knowledge, and the adjustments required for a healthy and resilient workforce. Stan also discusses the importance of humility and measurement in driving successful change, with practical advice on maintaining the delicate balance between efficiency and adaptability. Join us for an engaging conversation that offers valuable lessons for navigating complex organizational transitions. 00:00 Introduction and Recap 00:43 New Books and Projects 01:50 Technological Disruption and Organizational Change 03:09 The Sophomoric Effect and AI Challenges 04:44 AI's Impact on Knowledge Workers 06:17 Bias and Vigilance in AI Systems 09:05 Tacit Knowledge and Organizational Expertise 29:45 Forms, Data, and Organizational Decisions 39:14 Understanding the Impact of Our Products 39:53 Leadership and Institutional Knowledge 40:31 Navigating Organizational Transitions 41:56 The Myth of Stable Environments 43:56 The Importance of Diversity and Systems 47:43 Challenges of Short-Term Measurements 50:10 The Value of Long-Term Organizational Health 01:04:47 Cultural Sensitivity in Multinational Operations 01:11:02 The Need for Customization in Management 01:13:43 Starting Organizational Change with Humility 01:17:03 Personal and Organizational Growth Find Stan here:

Corporate Explorer Fieldbook Finale: Leadership, AI, and Open Innovation In the concluding episode of the Corporate Explorer Fieldbook series, we reflect on insights and contributions from various industry experts throughout 2024. We'll delve into the necessity of leadership for scaling innovation and explore the transformative potential of AI. Joined by Andy Binns and Eugene Ivanov, we discuss the evolution of the corporate explorer concept, emphasize the importance of a supportive network, and highlight Wazoku's role in pioneering total innovation. Tune in for an engaging discussion on the future of corporate exploration and the pivotal role of leadership and technological advancements. 00:00 Introduction and Gratitude 01:26 Preface and Genesis of the Book 02:25 Challenges and Insights in Corporate Exploration 08:37 The Role of AI in Corporate Exploration 11:11 Open Innovation and Ecosystems 16:47 Leadership and Scaling 23:16 Conclusion and Future Directions

Honoring Charles Handy: Wisdom on Innovation, Leadership, and Life In this episode, we pay tribute to the late Charles Handy, an influential philosopher, storyteller, and thought leader. The host re-releases a special episode recorded at Handy's London home following his stroke. Despite his condition, Handy remained impressively positive, attributing his enhanced creativity to his impairment. He shares profound insights on various concepts like the 'white stone,' 'citizenship within organizations,' and his famous 'shamrock organization.' Handy emphasizes the importance of making changes before they become critical and inspires with his reflections on challenging orthodoxy, dreaming big, and understanding leadership versus management. This episode is a treasure trove of wisdom on how to navigate and innovate in both personal and organizational spheres. 00:00 Remembering Charles Handy 01:33 Introduction to the Second Curve 02:37 The Concept of the Second Curve 04:32 Davy's Bar and the Importance of Change 09:50 Personal Stories and Life Lessons 18:54 The Three Selves and Identity 36:03 Leadership vs. Management 39:56 The Shamrock Organization 42:13 Citizenship in Organizations 45:36 Efficiency vs. Effectiveness 48:31 The Donut Theory 54:52 Final Thoughts and Legacy

Creating Effective Reward Systems In this episode of The Innovation Show, we welcome back Steve Kerr to discuss how to create positive reward systems within organizations. Steve details the 'bullseye exercise' and emphasizes the importance of defining performance in actionable terms. He shares insights from his experience at GE, covering the implementation of the 'wing to wing' approach, the impact of stretch goals, and strategies for devising comprehensive metrics. Throughout the conversation, Steve highlights the necessity of aligning rewards with business objectives and fostering a culture of candor and innovation. 00:00 Introduction and Overview 01:12 Defining Performance in Actionable Terms 01:28 The Bullseye Exercise 02:47 Connecting Incentives and Rewards 04:25 Challenges in Measurement and Bureaucracy 05:35 Real-World Examples and Cost Analysis 07:13 The Importance of Candor and Rational Behavior 14:04 Stretch Goals and Organizational Culture 23:06 Challenges in Rewarding Employees 23:23 Understanding Quartiling and Quotas 24:07 Jack Welch's Bottom 10% Rule 29:31 Financial and Non-Financial Rewards 31:54 The Importance of Timeliness in Rewards 37:31 Wing to Wing: Seeing Through the Customer's Eyes 42:26 Conclusion and Final Thoughts On the Folly of Rewarding A,While Hoping for B Aidan McCullen, Steve Kerr, reward systems, employee behavior, BF Skinner, dysfunctional behaviors, fixing reward systems, CEO memo, leadership development, GE, Goldman Sachs, ultimate rewards, boundaryless organization, performance measurement, innovative culture, healthcare system, preventive care, stretch goals, Jack Welch, candid culture

Fixing Dysfunctional Behaviors in Organizations In this episode, our guest Steve Kerr shares insights from his book on reward systems. He explains how flawed reward systems can lead to irrational behaviors in employees similar to B.F. Skinner's 'blaming the rat' theory. Kerr discusses the importance of effective measurement and reward systems in organizations and provides practical steps to realign them for better outcomes. He uses analogies from the healthcare system and historical military examples to highlight the pervasive issues and solutions for leadership in various contexts. This discussion is crucial for anyone involved in organizational transformation and leadership. 00:00 Introduction to Reward Systems 00:52 Meet Steve Kerr: Leadership and Legacy 01:28 The Folly of Rewarding A While Hoping for B 01:49 Three-Step Process to Realign Reward Systems 02:38 Measurement and Performance: Key Insights 04:31 Healthcare System Example: Misaligned Rewards 08:08 Stretch Goals and Innovation Challenges 12:33 Military Analogy: World War II vs. Vietnam 14:28 Organizational Dynamics and Leadership Challenges 16:04 Effective Performance Reviews 20:22 Creating a Candid Culture 22:07 Conclusion and Next Episode On the Folly of Rewarding A,While Hoping for B Aidan McCullen, Steve Kerr, reward systems, employee behavior, BF Skinner, dysfunctional behaviors, fixing reward systems, CEO memo, leadership development, GE, Goldman Sachs, ultimate rewards, boundaryless organization, performance measurement, innovative culture, healthcare system, preventive care, stretch goals, Jack Welch, candid culture

Explore how innovative leadership principles and storytelling can transform personal and professional growth with 3M's Chief Science Advocate, Jayshree Seth. In this episode of The Innovation Show, Jayshree shares memorable acrostics and blueprints for success from her trio of books, discusses key elements of effective leadership, and delves into the importance of advocacy and diverse perspectives. Gain insights on balancing long-term vision with detailed execution and the role of positive emotions in fostering a creative and innovative environment. 00:00 Introduction and Guest Welcome 02:34 The Importance of Leadership 04:31 Leak Proof Leadership Explained 09:01 The Role of Storytelling in Innovation 11:08 The Five I's of Innovation 17:01 Advocacy and Leadership 22:24 Supervisory Skills and Employee Relationships 27:13 The Future is Already Here 28:35 Understanding Trends and Megatrends 30:35 The TNT Factor: Trends, Needs, Threats 31:24 Exploring the TREND Mnemonic 35:14 Bridging the Business-Technical Gap 41:39 Effective Leadership Communication 50:54 The Kaleidoscope of Leadership 56:58 Conclusion and Final Thoughts Jayshree previously on the show: innovation, Jayshree Seth, 3M, Chief Science Advocate, engineering, empathy, collaboration, patents, creativity, storytelling, visionary leadership, purpose-driven leadership, resilience, engineering innovation, STEM, scientific advocacy, women in science, leadership strategies