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Nine Short Innovation Lessons from Lego

Destination Innovation

Jorgen Vig Knudstorp joined in 2001 and was promoted to CEO three years later at the age of 36. He created a sense of urgency to undertake the changes ahead. David Gram, Head of Marketing at Lego’s Future Lab, said, “We only develop the few key features that are really needed. They appointed a new CEO.

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The Next Supply-Chain Challenge Isn’t a Shortage — It’s Inventory Glut

Harvard Business Review

Electronics littered shelves in 2001 after the dot-com bubble burst. And now, the high-tech industry is feeling the weight of a volatile market that has led to excess component inventory. It’s a forward-looking metric based on the classic momentum equation: current inventory x rate of inventory change.

Industry 144
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Summaries of the 50 Best Business Books

Destination Innovation

Would you like to have read the best 50 books on sales, marketing, leadership, innovation, entrepreneurship and self-improvement? Just imagine all the insights and lessons you would have learned and how that would have helped you in your business career. But how much time would it have taken?

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Retaining the innovative spark

Jeffrey Phillips

They were in a desperate fight with Fuji to retain market share in film, as the digital camera sales were ramping up. They are willing to do almost anything in order to succeed, and often change direction as their experimentation and new products succeed or fail. Complacency took precedence over innovation and change.

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Seven Companies That Failed to Innovate and What Happened to Them

IdeaScale

These seven companies lost out on entering major new markets, got acquired by competitors, or accumulated billions on bad bets, all by failing to innovate or grasp the value of their innovations. The mistake in innovation was to assume that minor cosmetic changes and rougher play were the only things sports fans wanted. The lesson?

Company 130
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Covering Innovation My Way

Paul Hobcraft

You do need to find out more of the emerging Work to be done approach as it is a far more dynamic place for innovation to happen.The W ork-to-be-done is focused on connecting to the emerging areas of Organizational need being faced in today’s rapidly changing markets and diminishing resources. Its areas of focus: [link].

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The Leader of Innovation Paints a Vision of a Better Future

Destination Innovation

in 2001, many people were surprised, including Mulcahy herself. The financial market had little confidence in her ability to turn around the stumbling giant. If you want to lead change you have to communicate your vision. When Anne Mulcahy was appointed CEO of Xerox Corp. Mulcahy devoted time to talking to people and listening.