Diversity is essential to producing innovation. Diversity allows for an inflow of a more widespread information quantity, making the production of innovative ideas more likely to fit a market need. Unfortunately, creating diversity is resources intensive exercise. One way to overcome the resource constraint while achieving diversity, and thereby access to knowledge, is through networking. Networking, in this context, is the creation of both formal and informal ties between people who share a similar meaning. Walter Powell and Stine Grodal have studied networking within the field of innovation; in summary, there are four different types of networking: Community Members of these networks have similar interests, passions, values, and problems. These connections typically exist before the formulation of a specific innovation.[…]

The word “Innovation” is used when describing a wide range of new outcomes that didn’t exist before. “Innovation” is used to describe the invention of a new ice cream flavor or the creation of an entirely new industry. Often the same word can be used within a conversation but with different intentions. The result is frustrating discussions that do not produce the desired outcomes. The solution lies in the intention of the conversation. Some might say the ambition of the conversation. So, what are the different types of innovation conversations and how could they be classified? Bansi Nagji and Geoff Tuff are the creators of the “Innovation Ambition Matrix“. This matrix groups innovation into 1 of 3 categories based on[…]

Gene Klein, a Holocaust survivor, reflects on the life lessons he has extracted from his trials in a German concentration camp. 2 strategies he utilized to survive his life-threatening circumstances are: Accelerated opportunity taking Gene explains how he had to seize opportunities at the moment they were presented. Assessing the outcome of the status quo enabled Gene to construct a strategy that would enable him reach the goal of survival. The establishment of a predefined strategy enabled Gene to assess opportunities faster than others which ultimately saved his life. Gamificaiton Gene implemented a simple incentive model: If he survived the day he would consider his goal successfully accomplished for the day. Every morning the “game” would initiate and every night[…]