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Mentoring transforms big ideas into high-impact innovations. Having worked with dozens of the Fortune 1000 companies , coached startups, and founded three companies, I can say there’s a universal truth when it comes to innovation: big ideas are just ideas until they deliver real value to the world. Nat Friedman, CEO of GitHub.
He’s the founder and Managing Editor for IEDP – covering the global executive development sector– and cofounder of IEDP’s sister organization, Ideas for Leaders , which reviews, distills and shares the latest research on business leadership coming out of universities and business schools around the globe.
What’s more critical to producing a breakthrough innovation – finding creative people or finding creative ideas? It is the intensity of its people’s passion for innovation that animates IDEOs processes, he contends, forming a culture that’s “not typical, and not easy to emulate.”
As brand equity investment, innovation playground and — most important of all — a novel way to interact with millions of curious and engaged customers, Google Labs was a brilliant institutional initiative. It offered an innovation model worthy of emulation by enterprises worldwide. Just how valuable were these data?
The tech sector, which has become as famous for toxic company cultures as for innovation, and as well-known for human resource headaches as for hoodie-wearing CEOs, could use a little of the mellowness and wisdom that comes with age. I imagined myself as a cultural anthropologist, intrigued and fascinated by this new habitat.
For instance, Snapchat’s cofounders, Evan Spiegel and Bobby Murphy, started working together on a website for students called Future Freshman, among other projects, while at Stanford University. Moreover, the innovations lying at the heart of the unicorns’ success stories are digital innovations. Narrowly focused.
Later, when Ben mentioned his desire to make a positive impact in his community, the CEO assured Ben that the venture would impact the very way the human race communicated with each other, across cultures, political differences and national territories — literally bringing the world together. And so, he decided to join in the effort.
Frequently cited as one of the world’s most vibrant innovation hubs, Israel boasts more startups per capita than any other country in the world. Somewhat counterintuitively, they argue that mandatory military service helps build entrepreneurial culture. Both cohorts can bridge cultural and geographical gaps.
To be sure, entrepreneurs in highly specialized and technical industries need the knowledge that only users (doctors, lawyers, engineers, and the like) can provide. In fact, my colleagues and I have found that innovation thrives when expert users make up about 40% of an invention team. If you need an appendectomy, call a surgeon.
Corporate executives seek to inject “Silicon Valley DNA” into their cultures, and policy makers point to venture-funded entrepreneurship as a solution for all manner of problems. For deeper technologies, you can’t always innovate at a venture capital cadence, where you have to get big super fast.”
Long before its current crises , tech gained a reputation for elitism, ” brogrammer “ culture, and an overrepresentation of white and East Asian men (albeit with mostly white ones in management.) And there are other models worth exploring to improve racial inclusion in high-tech entrepreneurship and within the tech industry.
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