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12 episodes with change logic
3 episodes with change logic
Developing an Ecosystem Playbook for Corporate Innovation with Best Buy Case Study In this episode, we delve into the strategies corporate explorers need to develop successful partnerships and co-innovate to deliver value propositions to their consumers. Our guest, Christine Griffin, shares a six-step process for creating an ecosystem playbook, using Best Buy's expansion into the home health market as a compelling case study. We examine how Best Buy transitioned from a retail giant to an orchestrator of home health services through strategic acquisitions and partnerships. Additionally, we explore the importance of understanding value creation, identifying market breakpoints, mapping ecosystem players, and assessing financial flows. This episode also highlights the critical roles of scaling path, capabilities, capacities, and customer access in achieving business success. Special thanks to our sponsor, Wazoku, for supporting corporate innovation. 00:00 Introduction to Corporate Innovation 00:39 Sponsor Acknowledgment and Guest Introduction 01:52 Overview of Best Buy's Home Health Strategy 03:16 Best Buy's Acquisitions and Initial Footprint 03:55 Building Partnerships in the Healthcare Ecosystem 05:12 Mapping the Ecosystem and Identifying Break Points 10:04 Understanding the Players and Their Roles 12:35 Evaluating Incentives and Profit Pools 15:12 Developing a Scaling Path 18:03 The Importance of Stakeholder Involvement 19:46 Conclusion and Further Resources Corporate Explorers, Innovation Strategy, Innovation Ecosystems, Best Buy Case Study, Christine Griffin, Scaling Startups, Corporate Innovation, Business Ecosystems, Strategic Partnerships, Innovation Show, Wazoku, Sustainable Innovation, Hubert Joly, Ecosystem Playbook, Technology Adoption, Corporate Explorer Series, Corporate Strategy, Innovation Tools, Best Buy Health, Business Development, Innovation Leadership, Change Logic, Healthcare Innovation, Digital Health, Startup Scaling, Entrepreneurship, Business Growth, Market Strategy, Innovation Mapping, Corporate Transformation Find Christine here: Find Wazoku here:
Noel Sobelman, a leadership advisor from San Diego, California, helps established companies increase growth and productivity. Throughout his 35 years of professional experience, Noel has become an expert in innovation. He is also a writer and public speaker, sharing his expertise on how innovation can disrupt legacy systems. Noel is currently a partner at Accel Management Group, a business and consulting company that gives its clients data-driven competitive advantages. He specializes in working with corporate leaders in the areas of portfolio management, growth strategy, and innovation capability building. Previously, he has worked at Change Logic, Kalyspo, and Kyocera Wireless. Today, Noel is back to discuss why you need a portfolio management capability in your company to boost productivity and make the best use of your company resources. He shares his insights into using portfolio management to prevent bottlenecks in the innovation process. He identifies the impact poor portfolio management can have on a company. He reveals the nine key elements he investigates when he starts working with a new client and how to identify challenges in your company. Noel also explains how you can improve planning and review processes to stay ahead of the rapidly changing economic environment. “As we go further into this market downturn, companies are gonna be rethinking their strategies. Make sure that you have the mechanisms for making sure that any change in strategy filters down to the projects that you're prioritizing in your portfolios.” - Noel Sobelman This week on Innovation Talks: ● Why portfolio management is important ● How portfolio management affects company-wide productivity and future investments ● How to ensure your company is working on the most valuable output ● How to prevent bottlenecks in your development pipeline ● The core symptoms of poor portfolio management ● Why your annual plan needs to be revisited throughout the year ● How portfolio management can help you vet ideas ● How to build a strong portfolio management capability ● Questions to ask leadership in your company ● The types of portfolio management systems Noel has found the most effective ● Nine elements of portfolio management that Noel thinks are key to success ● How to identify where your challenges are across leadership teams ● Why complexity is the enemy ● How portfolio structure informs your portfolio management planning ● The key discoveries that need to come from a portfolio review ● Why portfolio management will become more important during an economic downturn Connect with Noel Sobelman: ● Accel Management Group (https://www.accelmg.com/) ● Noel Sobelman on LinkedIn (https://www.linkedin.com/in/noelsobelman/) ● Noel Sobleman's Articles on LinkedIn (https://www.linkedin.com/in/noelsobelman/recent-activity/posts/) This Podcast is brought to you by Sopheon Thanks for tuning into this week's episode of Innovation Talks. If you enjoyed this episode, please subscribe and leave a review wherever you get your podcasts. Apple Podcasts (https://podcasts.apple.com/us/podcast/innovation-talks/id1555857396) | TuneIn (https://tunein.com/podcasts/Technology-Podcasts/Innovation-Talks-p1412337/) | GooglePlay (https://www.google.com/podcasts?feed=aHR0cHM6Ly9pbm5vdmF0aW9udGFsa3MubGlic3luLmNvbS9yc3M%3D) | Stitcher (https://www.stitcher.com/s?fid=614195) | Spotify (https://open.spotify.com/show/1dX5b8tWI29YbgeMwZF5Uh) | iHeart (https://www.iheart.com/podcast/263-innovation-talks-82985745/) Be sure to connect with us on Facebook (https://www.facebook.com/SopheonCorp/) , Twitter (https://twitter.com/sopheon) , and LinkedIn (https://www.linkedin.com/company/sopheon/) , and share your favorite episodes on social media to help us reach more listeners like you. For additional information about new product development or corporate innovation, sign up for Sopheon's monthly newsletter, where we share news and industry best practices! The fastest way to do this is to go to sopheon.com (https://www.sopheon.com/) and click here (https://info.sopheon.com/subscribe) .
Noel Sobelman, a leadership advisor from San Diego, California, helps established companies increase growth and productivity. Throughout his 35 years of professional experience, Noel has become an expert in innovation. He is also a writer and public speaker, sharing his expertise on how innovation can disrupt legacy systems. Noel is currently a partner at Accel Management Group, a business and consulting company that gives its clients data-driven competitive advantages. He specializes in working with corporate leaders in the areas of portfolio management, growth strategy, and innovation capability building. Previously, he has worked at Change Logic, Kalyspo, and Kyocera Wireless. Today, Noel is back to discuss why you need a portfolio management capability in your company to boost productivity and make the best use of your company resources. He shares his insights into using portfolio management to prevent bottlenecks in the innovation process. He identifies the impact poor portfolio management can have on a company. He reveals the nine key elements he investigates when he starts working with a new client and how to identify challenges in your company. Noel also explains how you can improve planning and review processes to stay ahead of the rapidly changing economic environment. “As we go further into this market downturn, companies are gonna be rethinking their strategies. Make sure that you have the mechanisms for making sure that any change in strategy filters down to the projects that you're prioritizing in your portfolios.” - Noel Sobelman This week on Innovation Talks: ● Why portfolio management is important ● How portfolio management affects company-wide productivity and future investments ● How to ensure your company is working on the most valuable output ● How to prevent bottlenecks in your development pipeline ● The core symptoms of poor portfolio management ● Why your annual plan needs to be revisited throughout the year ● How portfolio management can help you vet ideas ● How to build a strong portfolio management capability ● Questions to ask leadership in your company ● The types of portfolio management systems Noel has found the most effective ● Nine elements of portfolio management that Noel thinks are key to success ● How to identify where your challenges are across leadership teams ● Why complexity is the enemy ● How portfolio structure informs your portfolio management planning ● The key discoveries that need to come from a portfolio review ● Why portfolio management will become more important during an economic downturn Connect with Noel Sobelman: ● Accel Management Group (https://www.accelmg.com/) ● Noel Sobelman on LinkedIn (https://www.linkedin.com/in/noelsobelman/) ● Noel Sobleman's Articles on LinkedIn (https://www.linkedin.com/in/noelsobelman/recent-activity/posts/) This Podcast is brought to you by Sopheon Thanks for tuning into this week's episode of Innovation Talks. If you enjoyed this episode, please subscribe and leave a review wherever you get your podcasts. Apple Podcasts (https://podcasts.apple.com/us/podcast/innovation-talks/id1555857396) | TuneIn (https://tunein.com/podcasts/Technology-Podcasts/Innovation-Talks-p1412337/) | GooglePlay (https://www.google.com/podcasts?feed=aHR0cHM6Ly9pbm5vdmF0aW9udGFsa3MubGlic3luLmNvbS9yc3M%3D) | Stitcher (https://www.stitcher.com/s?fid=614195) | Spotify (https://open.spotify.com/show/1dX5b8tWI29YbgeMwZF5Uh) | iHeart (https://www.iheart.com/podcast/263-innovation-talks-82985745/) Be sure to connect with us on Facebook (https://www.facebook.com/SopheonCorp/) , Twitter (https://twitter.com/sopheon) , and LinkedIn (https://www.linkedin.com/company/sopheon/) , and share your favorite episodes on social media to help us reach more listeners like you. For additional information about new product development or corporate innovation, sign up for Sopheon's monthly newsletter, where we share news and industry best practices! The fastest way to do this is to go to sopheon.com (https://www.sopheon.com/) and click here (https://info.sopheon.com/subscribe) .
Global Product Management Talk is pleased to bring you the next episode of... Product Mastery Now with host Chad McAllister, PhD. The podcast is all about helping people involved in innovation and managing products become more successful, grow their careers, and STANDOUT from their peers. About the Episode: Today we are talking about how established organizations can innovate, resulting in new products and ventures. Most of us who have been in established organizations, know this can be challenging as a culture of innovation is often lacking. Joining us is Andy Binns, a management advisor, award-winning author, and speaker on innovation and change. He has over twenty-five years' experience helping companies make and execute strategic choices to support business growth. He has been at the coalface of innovation, working alongside the leaders of IBM's “Emerging Business Opportunity” program. He now leads Change Logic, a strategic advisory firm, which takes a hands-on approach to enabling firms to build new businesses. He has numerous articles published about his insights and his recent book he co-authored is Corporate Explorer Fieldbook: How to Build New Ventures in Established Companies.
In this episode, Andy Binns, co-founder and Director of Change Logic, and an award-winning author who publishes articles on innovation strategy and execution in established firms is joined by an additional guest, Ellie Amirnasr, director of digital ventures at MANN+HUMMEL, who was a chapter author, alongside Andy, of Corporate Explorer Fieldbook: How to Build New Ventures In Established Companies. Their work with this just-released 2023 book brings to the forefront the corporate explorer: the individuals within your organization that have the prowess to lead innovation. In this episode, we delve deep into these pioneers brimming with new ideas._________________________________________________________________________________________In this episode, they share:What is a corporate explorer, and why are they so advantageous to your organization? How you as a leader can create a culture that paves the path for success for corporate explorers to innovate The recipe and ingredients that spark innovation within an organization and the distinct stages of innovation projects, and what metrics to consider when deciding to continue funding a project at each stage _________________________________________________________________________________________Episode Timeline:00:00—Highlight from today's episode1:18—Introducing Andy & Ellie + The topic of today's episode2:34—If you really know me, you know that...5:33—What is your definition of strategy?8:30—Could you talk to us about your organization, qlair?9:52—Could you define a "corporate explorer" for us?11:20—What are some of the aspects that an organization needs to have in place to enable corporate explorers?13:59—What are some shifts that leaders need to make to allow for corporate explorers?17:53—Could you lead us through the stages of a new venture and how it relates to decision-making and funding?26:44—What is the mechanism that makes it more likely to be successful if you state your goals and metrics at the beginning?29:13—What is the biggest mistake you see corporate explorers make that you could advise them on?31:14—How can people follow you and connect with you to continue learning from you?__________________________________________________________________________________________Additional Resources: Book Website: https://www.thecorporateexplorer.com/LinkedIn: Ellie Amirnasr, Andy Binns
In this episode, Andy Binns, co-founder and Director of Change Logic, and an award-winning author who publishes articles on innovation strategy and execution in established firms is joined by an additional guest, Ellie Amirnasr, director of digital ventures at MANN+HUMMEL, who was a chapter author, alongside Andy, of Corporate Explorer Fieldbook: How to Build New Ventures In Established Companies. Their work with this just-released 2023 book brings to the forefront the corporate explorer: the individuals within your organization that have the prowess to lead innovation. In this episode, we delve deep into these pioneers brimming with new ideas._________________________________________________________________________________________In this episode, they share:What is a corporate explorer, and why are they so advantageous to your organization? How you as a leader can create a culture that paves the path for success for corporate explorers to innovate The recipe and ingredients that spark innovation within an organization and the distinct stages of innovation projects, and what metrics to consider when deciding to continue funding a project at each stage _________________________________________________________________________________________Episode Timeline:00:00—Highlight from today's episode1:18—Introducing Andy & Ellie + The topic of today's episode2:34—If you really know me, you know that...5:33—What is your definition of strategy?8:30—Could you talk to us about your organization, qlair?9:52—Could you define a "corporate explorer" for us?11:20—What are some of the aspects that an organization needs to have in place to enable corporate explorers?13:59—What are some shifts that leaders need to make to allow for corporate explorers?17:53—Could you lead us through the stages of a new venture and how it relates to decision-making and funding?26:44—What is the mechanism that makes it more likely to be successful if you state your goals and metrics at the beginning?29:13—What is the biggest mistake you see corporate explorers make that you could advise them on?31:14—How can people follow you and connect with you to continue learning from you?__________________________________________________________________________________________Additional Resources: Book Website: https://www.thecorporateexplorer.com/LinkedIn: Ellie Amirnasr, Andy Binns
Andy Binns joins again! He works with CEOs, boards, and senior teams as they lead significant business change. He manages Change Logic, a firm he co-founded with Harvard Business School's Michael Tushman and Stanford's Charles O'Reilly. With twenty-five years of experience as both an external and internal consultant, he also held positions with McKinsey & Co. and the IBM Corporation before co-founding Change Logic.At IBM, Andy was deeply involved in the ‘Emerging Business Opportunity' program, for which he received an award from IBM's Vice-Chairman. That experience deeply influenced his belief that corporates can outpace startups at innovation and shaped his work on Corporate Explorers- a breed of managers who have the capability to build new ventures from inside established organizations. Drawing on nearly twenty years of research and work with these innovators, he wrote the books “Corporate Explorer: How Corporations Beat Startups at the Innovation Game (2022)” and “Corporate Explorer Fieldbook: How to Build New Ventures in Established Companies,”Become a supporter of this podcast: https://www.spreaker.com/podcast/success-made-to-last-legends--4302039/support.
Andy Binns joins again! He works with CEOs, boards, and senior teams as they lead significant business change. He manages Change Logic, a firm he co-founded with Harvard Business School's Michael Tushman and Stanford's Charles O'Reilly. With twenty-five years of experience as both an external and internal consultant, he also held positions with McKinsey & Co. and the IBM Corporation before co-founding Change Logic.At IBM, Andy was deeply involved in the ‘Emerging Business Opportunity' program, for which he received an award from IBM's Vice-Chairman. That experience deeply influenced his belief that corporates can outpace startups at innovation and shaped his work on Corporate Explorers- a breed of managers who have the capability to build new ventures from inside established organizations. Drawing on nearly twenty years of research and work with these innovators, he wrote the books “Corporate Explorer: How Corporations Beat Startups at the Innovation Game (2022)” and “Corporate Explorer Fieldbook: How to Build New Ventures in Established Companies,”
Innovation is both extremely important to the life of a corporation and also extremely tricky to regularly achieve and maintain. There are certain strategies that tend to yield higher innovation, but at its heart are the people, the corporate explorers that drive things forward.Andrew Binns is the co-founder and manager of Change Logic, an advisory firm, and the author of several articles and books. His latest book, Corporate Explorer: How Corporations Beat Startups at the Innovation Game, co-written with Charles O'Reilly and Michael Tushman, is about the differences in how corporations and startups approach encouraging innovation, and analyzes those efforts for how effective they are.Andrew and Greg discuss the innovation industry and the three stages of innovation. They talk about the differences between product-centric and customer-centric thinking, the paradox of limiting uncertainty and innovation, corporate explorers, and which ones end up succeeding. They discuss the concepts of feedback and it's counterpart, ‘feedforward,' and some examples of successful corporate innovation cultures. *unSILOed Podcast is produced by University FM.*Episode Quotes:It's all about passion, not process45:45: Corporations get wrapped up in thinking that the answer is about process, right? I can't tell you how many people ask me, "How do you make a repeatable process of this?" when they haven't even done it once. Have something to repeat, please. And then structure—how do we get the right organization structure around this? And we miss the importance of the individual with passion to solve a customer problem who is going to find that strong personal motivation. Because whether you're a corporate explorer or an entrepreneur, you are signing up for a really hard life. (46:37) And if you're going to live through that, you need passion. You need to be committed to solving the problem that you face. And that's what all of these examples in Corporate Explorer tell you about.18:32: The thing that we know about innovation is that you need to hold open your ability to learn and see multiple possibilities.How business logic kills the explorer in corporate innovation21:32: You've got to pursue your innovation to the scale of the opportunity, the scale of the market, not the scale of what you think can get past your manager or what you can squeeze through the stage gate process. That is exactly how exploit or core business logic kills the explorer in corporate innovation.Re-orienting ourselves when we talk about risks 25:23: This is a fundamentally important thing to re-reorient ourselves in terms of how we engage in talking about the topic of risk. Because one thing is for sure: in a traditional corporate career, you do not get rewarded by saying, "I don't know," right? That is counter-cultural. So unless you take it head-on, it's going to be hard to make progress.Show Links:Recommended Resources:Exploration and Exploitation in Organizational LearningFrancesco Starace Professional ProfileFrancesco StaraceCharles O'ReillyMichael TushmanunSILOed episode feat. Michael ArenaGuest Profile:Professional Profile on Change LogicAuthor's Profile on the Corporate ExplorerAndrew Binns on TwitterAndrew Binns on LinkedInHis Work:Andrew Binns on Google ScholarWork in California Management ReviewWork in Harvard Business ReviewCorporate Explorer: How Corporations Beat Startups at the Innovation GameThe Missing Discipline Behind Failure to Scale
Noel Sobelman, a leadership advisor from San Diego, California, helps established companies increase growth and productivity. Throughout his 35 years of professional experience, Noel has become an expert in innovation. He is also a writer and public speaker, sharing his expertise on how innovation can disrupt legacy systems. Noel is currently a partner at Accel Management Group, a business and consulting company that gives its clients data-driven competitive advantages. He specializes in working with corporate leaders in the areas of portfolio management, growth strategy, and innovation capability building. Previously, he has worked at Change Logic, Kalyspo, and Kyocera Wireless. Today, Noel is back to discuss why you need a portfolio management capability in your company to boost productivity and make the best use of your company resources. He shares his insights into using portfolio management to prevent bottlenecks in the innovation process. He identifies the impact poor portfolio management can have on a company. He reveals the nine key elements he investigates when he starts working with a new client and how to identify challenges in your company. Noel also explains how you can improve planning and review processes to stay ahead of the rapidly changing economic environment. “As we go further into this market downturn, companies are gonna be rethinking their strategies. Make sure that you have the mechanisms for making sure that any change in strategy filters down to the projects that you're prioritizing in your portfolios.” - Noel Sobelman This week on Innovation Talks: ● Why portfolio management is important ● How portfolio management affects company-wide productivity and future investments ● How to ensure your company is working on the most valuable output ● How to prevent bottlenecks in your development pipeline● The core symptoms of poor portfolio management ● Why your annual plan needs to be revisited throughout the year● How portfolio management can help you vet ideas ● How to build a strong portfolio management capability ● Questions to ask leadership in your company ● The types of portfolio management systems Noel has found the most effective● Nine elements of portfolio management that Noel thinks are key to success● How to identify where your challenges are across leadership teams ● Why complexity is the enemy ● How portfolio structure informs your portfolio management planning● The key discoveries that need to come from a portfolio review ● Why portfolio management will become more important during an economic downturn Connect with Noel Sobelman: ● Accel Management Group● Noel Sobelman on LinkedIn● Noel Sobleman's Articles on LinkedIn This Podcast is brought to you by Sopheon Thanks for tuning into this week's episode of Innovation Talks. If you enjoyed this episode, please subscribe and leave a review wherever you get your podcasts. Apple Podcasts | TuneIn | GooglePlay | Stitcher | Spotify | iHeart Be sure to connect with us on Facebook, Twitter, and LinkedIn, and share your favorite episodes on social media to help us reach more listeners like you. For additional information about new product development or corporate innovation, sign up for Sopheon's monthly newsletter, where we share news and industry best practices! The fastest way to do this is to go to sopheon.com and click here.
Andrew Binns is managing director and co-founder of Change Logic, a Boston-based strategic advisory firm. He works with CEOs, boards, and senior teams as they lead significant business change. He is the lead author of the new book Corporate Explorer: How Corporations Beat Startups at the Innovation Game and won the best article award 2020 for his article, with Charles O'Reilly in the California Management Review – "Three Stage of Disruptive Innovation."Andy has 25 years of consulting experience as both an external and internal consultant for McKinsey & Co., IBM, and Change Logic. He won an award for his work on the IBM Emerging Business Opportunity program. He is an Executive Fellow at the Center for Future Organization at the Drucker School of Management and a member of the Fast Company Executive Board. In this podcast, he shares:What a corporate explorer is and what it takes to become one What companies often get wrong why trying to unlock innovation Why you should think about the value of weaponizing your humility Why you should't accept a lot of money How to look out for silent killers __________________________________________________________________________________________""-Andrew Binns_________________________________________________________________________________________Episode Timeline:00:00—Introducing Andrew + The topic of today's episode1:47—If you really know me, you know that...2:44—What do you believe about the idea that things are never perfect, and there is always room for improvement?4:18—What is your definition of strategy?6:13—What are some key elements for a company to grow organically?7:30—How do corporate explorers work with with balancing the core of a company vs. exploring new options?8:47—What are the characteristics of someone who has the ability to do both core and exploring work?11:22—What does a "corporate explorer" look like? Is there a "type"?13:35—Could you talk more on the idea that corporate explorers "weaponize humility"?15:17—What do you think about the idea of "corporate antibodies," the idea that an explorer has to go outside the company to create something new?17:53—What are the first steps to developing a culture of "corporate explorers"?19:02—How can people continue to learn from you and follow you?__________________________________________________________________________________________Additional Resources: Corporate Explorer Page: https://www.thecorporateexplorer.com/Linkedin: https://www.linkedin.com/in/andrewjmbinnsTwitter: https://twitter.com/AJMBinns
Andrew Binns is managing director and co-founder of Change Logic, a Boston-based strategic advisory firm. He works with CEOs, boards, and senior teams as they lead significant business change. He is the lead author of the new book Corporate Explorer: How Corporations Beat Startups at the Innovation Game and won the best article award 2020 for his article, with Charles O'Reilly in the California Management Review – "Three Stage of Disruptive Innovation."Andy has 25 years of consulting experience as both an external and internal consultant for McKinsey & Co., IBM, and Change Logic. He won an award for his work on the IBM Emerging Business Opportunity program. He is an Executive Fellow at the Center for Future Organization at the Drucker School of Management and a member of the Fast Company Executive Board. In this podcast, he shares:What a corporate explorer is and what it takes to become one What companies often get wrong why trying to unlock innovation Why you should think about the value of weaponizing your humility Why you should't accept a lot of money How to look out for silent killers __________________________________________________________________________________________""-Andrew Binns_________________________________________________________________________________________Episode Timeline:00:00—Introducing Andrew + The topic of today's episode1:47—If you really know me, you know that...2:44—What do you believe about the idea that things are never perfect, and there is always room for improvement?4:18—What is your definition of strategy?6:13—What are some key elements for a company to grow organically?7:30—How do corporate explorers work with with balancing the core of a company vs. exploring new options?8:47—What are the characteristics of someone who has the ability to do both core and exploring work?11:22—What does a "corporate explorer" look like? Is there a "type"?13:35—Could you talk more on the idea that corporate explorers "weaponize humility"?15:17—What do you think about the idea of "corporate antibodies," the idea that an explorer has to go outside the company to create something new?17:53—What are the first steps to developing a culture of "corporate explorers"?19:02—How can people continue to learn from you and follow you?__________________________________________________________________________________________Additional Resources: Corporate Explorer Page: https://www.thecorporateexplorer.com/Linkedin: https://www.linkedin.com/in/andrewjmbinnsTwitter: https://twitter.com/AJMBinns
COLOMBO AND KATIE 0:00 SEG 1 Senator Amy Klobuchar tried hard to sell the American people on voting blue to get rid of climate change…which would get rid of Hurricane Ian according to her interview. WOW. Don Lemon also interviewed a top scientist in hurricane activity and asked him repeatedly about how climate change has played a role in hurricane Ian. Lemon got shut down real quick. 18:25 SEG 2 Jayson Thornton, Pocket Watching with JT Friday nights 8pm, on inflation, how to save your money, and what the greatest fear regarding inflation is for the people who are calling into his show 35:57 SEG 3 Jonathan Heslop from Rockwood CharcoalSee omnystudio.com/listener for privacy information.
In episode 50 of the Most Awesome Founder Podcast, we are happy to welcome Andy Binns to the show. Andy co-founded the innovation consultancy change logic and has more than 20 years of extensive experience overcoming innovation barriers in big corporates. Apart from his merits as a practitioner, he also published relevant academic work regarding disruptive innovation and CEO ambidexterity. Andy shares his insights into how corporations can drive disruptive innovation from within. He also talks about how corporate innovation explorers differ from classical entrepreneurs and the challenges of idea scaling. We hope you have fun exploring this exciting episode! Chapters: (01:20) Intro of Andy Binns (02:50) Andy's early career in consulting and co-founding Change Logic (07:35) Large corporations as a driver of disruption (11:12) How do companies self-disrupted themselves? (15:22) The need for separation in balancing structural ambidexterity (19:22) How do corporate innovation units successfully handle the layers of ambidexterity? (21:40) What kind of manager types are needed for corporate exploration? (28:50) A new generation of managers for corporate innovation (36:20) Gerrits and Andys discuss experimentation & failure in corporate (43:30) Moving from ideation to idea scaling phase (48:10) What are the challenges in the practice of structural ambidexterity? (51:30) Discussing the case of the German automotive industry (56:17) What advice would Andy give to young entrepreneurs? (58:55) What books would Andy recommend? (1:00:36) What is cycling on Andy's playlist?
Corporate explorers are people who use their experience within a corporation to help launch new ventures. The biggest difference between corporate explorers and entrepreneurs is speed. Entrepreneurs tend to focus on creating a great product and growing it organically, whereas corporate explorers tend to focus on finding a market and scaling rapidly. In this episode, we have guest Andy Binns, Director and Co-Founder of Change Logic, LLC Andy talks about how corporate explorers are individuals who build innovative businesses within corporations. He talks about the rise of corporate explorers as one example of how companies are stepping up their efforts to find, nurture, and deploy new technologies. Corporations already own the ideas, resources, and critical talent to create disruptive innovation. But they need a way to bring these innovations to market quickly and efficiently. He also talks about how corporate explorers are an important part of this process because they can help identify promising technologies that might not be obvious or easy to develop on your own "I look at a Corporate Explorer and I see not only somebody who is driving a new business and new business model and new capability but also incubating a culture." Andy Binns Key Takeaways: When you hire a Corporate Explorer you should expect them to bring new ideas into the company, and help change the culture Corporate explorers are people who use their experience within a corporation to help launch new ventures Creativity is the most important skill in today's workplace and creativity is about originality, innovation, and risk taking Corporate explorers can bring their knowledge of how things work in a big company to the table. They understand what resources are available to them, and can leverage those resources to make a successful business. The role of corporate explorers is evolving as companies look to build more strategic partnerships with startups and other external partners, but it's still critical to have them in place. As we move into a new era of innovation, where technology will play a larger role in driving business growth, these corporate explorers will become even more essential. Corporate explorers are the bridge between your company and the startup ecosystem. They help you understand what's happening on the ground, how startups are using emerging technologies, and how they can be applied to your own products or services Explorers don't just look at things from one perspective. They see what others might miss. Explorers think differently about problems. And they take risks. So how do you become an explorer? Start by asking yourself some questions. Are you curious about everything around you? Do you like learning new things? If you answered yes to both of those questions, you're ready to start exploring. You can reach Andy on Linkedin: https://www.linkedin.com/in/andrewjmbinns/ or learn more about the Book: Corporate Explorers: https://www.thecorporateexplorer.com/book For more content like this, subscribe to Mind The Innovation on Apple or Spotify, or wherever you like to listen. you can find Sannah on LinkedIn: https://www.linkedin.com/in/sannahvinding/ or visit this website: https://mindtheinnovation.com Thanks for Listening! #sannahvinding #mindtheinnovation #innovation #leadership #strategy #innovationstrategy #futureofwork #leadershipdevelopment #futureleaders #leadershippodcast #peopleskills #changemanagement #corporateexplorer #startup #communication #problemsolving #peoplecentric #companyculture #professionaldevelopment #podcast #innominders
On this Podcast, Diana Paiva is joined by the director and co-founder of Change Logic and co-author of Corporate Explorer, Andrew Binns. Andrew gives an insight into his new book, Corporate Explorer and the highlights that readers can expect. He talks about the difference between large companies and start-up businesses, and he explained the importance of innovation in companies, even in those that are prospering. He also talks about the reasons companies go bankrupt. The importance of innovation in corporations Andrew Binns Diana is currently interning with Irish Tech News. She graduated from Birkbeck University, with a degree in modern languages and she is currently doing a master's in Journalism at the University of Roehampton. She has an interest in technology, fashion, and the environment. Starting her master's in journalism made her realise that she has a passion to report and write people's stories. After graduation, her main priority is to find a job in communications or public relations. Diana Paiva is active on social media platforms, including Twitter, and LinkedIn. About Andrew Binns Andy works with CEOs, boards, and senior teams as they lead significant business change. He is a co-founder of Change Logic and manages the firm on behalf of the partnership. Andy has twenty-five years of consulting experience as both an external and internal consultant for McKinsey & Co., the IBM Corporation, and Change Logic. At IBM, Andy was deeply involved in the ‘Emerging Business Opportunity' program, for which he received an award from IBM's Vice-Chairman. Looking forward to speaking with @Ulwick today about Corporate Explorer, my book with Charles O'Reilly and @MichaelTushman Andy Binns (@AJMBinns) May 25, 2022 Change Logic History Change Logic was founded in 2007 by Professors?Michael Tushman ?(Harvard Business School) and Charles O'Reilly ?(Stanford Graduate School of Business),? Andrew Binns?(Managing Principal), and Peter Finkelstein, M.D. (director emeritus). The firm was born from our shared experience helping leaders and organizations adapt to a changing world. We created the firm because we believe we have a unique perspective on what it takes to do this well, one that combines the best in strategic and organizational thinking with an ability to apply it with real people working in businesses around the globe. Our foundational experiences were at IBM, working to build the Emerging Business Opportunity program from 2000-2008 and the IBM Strategic Leadership Forum, an innovative approach to agile strategy formulation. At its core was the Business Leadership Framework (also known as Congruence Model). The firm has grown since its founding, adding Principals?Christine Griffin and Kristin von Donop in 2012. See more podcasts by Diana here
On this Podcast, Diana Paiva is joined by the director and co-founder of Change Logic and co-author of Corporate Explorer, Andrew Binns. Andrew gives an insight into his new book, Corporate Explorer and the highlights that readers can expect. He talks about the difference between large companies and start-up businesses, and he explained the importance of innovation in companies, even in those that are prospering. He also talks about the reasons companies go bankrupt. Diana is currently interning with Irish Tech News. She graduated from Birkbeck University, with a degree in modern languages and she is currently doing a master's in Journalism at the University of Roehampton. She has an interest in technology, fashion, and the environment. Starting her master's in journalism made her realise that she has a passion to report and write people's stories. After graduation, her main priority is to find a job in communications or public relations. Diana Paiva is active on social media platforms, including Twitter, and LinkedIn. About Andrew Binns Andy works with CEOs, boards, and senior teams as they lead significant business change. He is a co-founder of Change Logic and manages the firm on behalf of the partnership. Andy has twenty-five years of consulting experience as both an external and internal consultant for McKinsey & Co., the IBM Corporation, and Change Logic. At IBM, Andy was deeply involved in the ‘Emerging Business Opportunity' program, for which he received an award from IBM's Vice-Chairman.
In the latest episode of Pages of HR, I am pleased to be joined by Andy Binns, co-founder of Change Logic and award-winning corporate innovation guru. Andy has teamed up with Charles O'Reilly and Michael Tushman on the new guidebook Corporate Explorer: How Corporations Beat Startups at the Innovation Game. Corporate Explorer is a guidebook to the practices that not only can help managers go from idea to action, but also shows how success is possible. Listen in as we discuss who corporate explorers are, how corporate explorers can beat startups at the innovation game, and so much more.
A SEAT at THE TABLE: Leadership, Innovation & Vision for a New Era
When we think of innovation we usually think of startups - certainly not large corporations.Typically people think that if they want to be more creative or innovative then they have to leave the corporate world and either become an entrepreneur or at least look for a job with a newer and smaller company.But the idea that startups are the right environment to cultivate innovation might be more myth than truth.In fact, a lot today's leading innovation is coming from enterprises such as Microsoft, Bosch, NexisLexis, Analog, and of course Amazon.If that's the case, what are most of us overlooking when we see corporations as stifling rather than fostering the next big ideas?Today I'm speaking with corporate innovation expert, Andrew Binns, who's co-founder of Change Logic, a US-based strategic advisory firm and co-author of ‘Corporate Explorers, How Corporations Beat Entrepreneurs at the Innovation Game'. He's worked at both McKinsey & Co. and IBM, where he was involved in the company's Emerging Business Opportunity program.In this episode of A Seat at The Table, Andrew talks about:Why a large corporation is a better place for innovation than a startup.Five ways that leadership can drive practical innovation within their organisations.The discipline practices that companies like Amazon use to drive successful innovation.Why 'Corporate Explorers' are the the key to igniting growth in your organization.USEFUL LINKSAndrew's book: Corporate Explorer: How Corporations Beat Startups at the Innovation GameConnect with Andrew Binns: https://www.linkedin.com/in/andrewjmbinns/The Current Situation in Sourcing: https://thecurrentsituation.netA Seat at The Table website: https://seatpodcast.net
Andrew Binns is a co-founder of Change Logic, a Boston-based strategic advisory firm. He works with CEOs, boards, and senior teams as they lead significant business change. His goal is to help organizations liberate their potential to excite the world with innovation. Andy has 25 years of consulting experience as both an external and internal consultant for McKinsey & Co., the IBM Corporation, and Change Logic. At IBM, Andy was deeply involved in the Emerging Business Opportunity program, for which he received an award from IBM's vice chairman.Andy is a frequent guest speaker and lecturer at companies and business schools. His article, “Three Disciplines of Innovation,” co-authored with Professor Charles O'Reilly, was named Best Article in the California Management Review for 2020. He also co-authored the “Ambidextrous CEO” in the Harvard Business Review, “The Art of Strategic Renewal” in the MIT Sloan Management Review, and a book chapter on “Getting Started with Ambidexterity.” He is an executive fellow at the Center for Future Organization at the Drucker School of Management and a member of the Fast Company Executive Board. Andy attended the University of Sussex, New York University, and the Quinlan Business School at Loyola University Chicago. He holds degrees in political science, marketing, and organizational development. https://twitter.com/AJMBinnshttps://www.linkedin.com/in/andrewjmbinns/https://www.thecorporateexplorer.com/bookRebel HR is a podcast for HR professionals and leaders of people who are ready to make some disruption in the world of work.We'll be discussing topics that are disruptive to the world of work and talk about new and different ways to approach solving those problems.Follow Rebel HR Podcast at:www.rebelhumanresources.comhttps://twitter.com/rebelhrguyhttps://www.facebook.com/rebelhrpodcastwww.kyleroed.comhttps://www.linkedin.com/in/kyle-roed/Buzzsprout - Let's get your podcast launched! Start for FREEDisclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the show
In this episode of Giant Talk we're delighted to be joined by Andy Binns, co-founder of Change Logic and corporate innovation guru. Today Andy is going to talk to us about innovation in the corporate world and how OKRs can be used to fuel innovation. You can purchase the Corporate Explore here: https://www.amazon.co.uk/Corporate-Explorer-Corporations-Entrepreneurs-Innovation/dp/1119838320 Enjoy the episode!
“The good corporate explorers puncture the bubble that leadership teams often have around their business that makes them believe it'll continue and continue and continue.” In the early days, innovation was viewed as a game best left to entrepreneurs, but a new breed of corporate executives reverses this logic. Corporate Explorers possess the knowledge, tenacity, and discipline necessary to overcome barriers and launch new initiatives inside even the largest organizations. This week on Be Customer Led with Bill Staikos, we welcome Andrew Binns, co-founder of Change Logic, a Boston-based strategic advising firm. Additionally, he is a co-author of Corporate Explorer and a founding member of The Corporate Explorers Club. Most importantly, Andy is driven by the mission to assist enterprises in unleashing their potential to innovate and delight the globe. [01:31] Background – Andy discusses his background by recounting his transition from marketing to consulting. Also, he mentions what motivated him to write his book. [06:27] Corporate Explorer - Andy explains the concept of corporate explorers and how organizations could empower such individuals. [11:27] Digital Business Transformation - Andy points out how critical it is for an organization to be tech-savvy or forward-thinking and how to ensure that the organization develops the correct attitude internally. [13:47] Three Disciplines - Andy expresses his thoughts on how the client and the workforce contribute to success via the lens of three disciplines: Ideation, Incubate, and Scale. [19:56] Time is Up – Andy highlights how to determine when it is appropriate to transition to the next discipline. [23:39] Success Models – Andy mentions his views about an optimal way to set up business ventures and ensure their success. [29:15] Change Agent - Andy explains why he considers the corporate Explorer a pioneer in innovation and transformation. [33:16] Productive Tension – Andy defines productive tension and outlines how corporate explorers create and maintain it. [39:27] Role Models - Andy shares where he finds inspiration and who he admires. Resources: Connect with Andy: LinkedIn: https://www.linkedin.com/in/andrewjmbinns/ (linkedin.com/in/andrewjmbinns/) Mentioned in the podcast: Corporate Explorer: How Corporations Beat Entrepreneurs at the Innovation Game: https://www.goodreads.com/book/show/58398731-corporate-explorer?from_search=true&from_srp=true&qid=VZ44lkuwjG&rank=1 (goodreads.com/book/show/58398731-corporate-explorer?from_search=true&from_srp=true&qid=VZ44lkuwjG&rank=1) Reimagining Capitalism in a World on Fire: https://www.goodreads.com/book/show/44064568-reimagining-capitalism-in-a-world-on-fire?from_search=true&from_srp=true&qid=efRAVEPXq3&rank=1 (goodreads.com/book/show/44064568-reimagining-capitalism-in-a-world-on-fire?from_search=true&from_srp=true&qid=efRAVEPXq3&rank=1)
Andy Binns, is the co-founder of Change Logic, a Boston-based strategic advisory firm. More about our guest:Andy works with CEOs, boards, and senior teams as they lead significant business change. His goal is to help organizations liberate their potential to excite the world with innovation. He has 25 years of consulting experience as both an external and internal consultant for McKinsey & Co., the IBM Corporation, and Change Logic. At IBM, Andy was deeply involved in the Emerging Business Opportunity program, for which he received an award from IBM's vice chairman.------------------------------------------------Episode Guide:1:25 - What Is Innovation4:34 - Atlanta Opera Company: Approach to innovation5:48 - Japanese Firm: Approach to innovation7:19 - Adoption and Adoption Chains: Pfizer and inhalable insulin11:24 - Book: Corporate Explorer13:03 - Risk and Resilience14:33 - Silent Killers of Exploration14:55 - Silent Killer: Risk Aversion16:48 - Why "what isn't innovation?"17:23 - Stanford, Harvard, Corporations, and Research18:16 - The 3 Classic Errors21:44 - $10 billion companies: Pampers22:09 - Google and Microsoft23:08 - LexisNexis24:03 - Uniqa (European Insurance Company) and Shared Risk25:45 - Corporate Explorers' Compensation Models and Reputation Risks30:15 - Silent Killer: Professional Identity32:22 - Advice for Innovators-------------------------Resources Mentioned: Companies mentioned: Microsoft 365 LexisNexisGE DigitalUniqaHavasVictors and SpoilsDeloitteAtlanta Opera CompanyBooks Mentioned:Corporate Explorer: How Corporations Beat Startups at the Innovation Game by: Andrew Binns buy it HEREAuthors Mentioned:Ron Adner (Tuck Business School)related works: The Wide Lens: What Successful Innovators See That Others Miss--------------------------OUTLAST Consulting offers professional development and strategic advisory services in the areas of innovation and diversity management.
Peggy and Andy Binns, cofounder, Change Logic, and author of the book Corporate Explorer, talk about how to spark innovation in the next generation. He explains why large corporations are in a good place for innovation, explaining that it is because they have assets that startups might lack to get to the innovation destination faster. They also discuss: How Netflix managed to go from DVDs by mail to streaming and how it ideated, incubated, and scaled innovations. How to give corporate explorers a license to explore and be innovative. The people who stand out and how they see a problem in the world they want to solve. thecorporateexplorer.com (4/19/22 - 767) IoT, Internet of Things, Peggy Smedley, artificial intelligence, machine learning, big data, digital transformation, cybersecurity, blockchain, 5G, cloud, sustainability, future of work, podcast, Andy Binns, Change Logic This episode is available on all major streaming platforms. If you enjoyed this segment, please consider leaving a review on Apple Podcasts.
Peggy and Andy Binns, cofounder, Change Logic, and author of the book Corporate Explorer, talk about how to spark innovation in the next generation. He explains why large corporations are in a good place for innovation, explaining that it is because they have assets that startups might lack to get to the innovation destination faster. They also discuss: How Netflix managed to go from DVDs by mail to streaming and how it ideated, incubated, and scaled innovations. How to give corporate explorers a license to explore and be innovative. The people who stand out and how they see a problem in the world they want to solve. thecorporateexplorer.com (4/19/22 - 767) IoT, Internet of Things, Peggy Smedley, artificial intelligence, machine learning, big data, digital transformation, cybersecurity, blockchain, 5G, cloud, sustainability, future of work, podcast, Andy Binns, Change Logic This episode is available on all major streaming platforms. If you enjoyed this segment, please consider leaving a review on Apple Podcasts.
The Unconventional Path: Entrepreneurship and Innovation Stories and Ideas With Bela and Mike
In this episode of the podcast, we are joined by Andy Binns. Andy is a corporate innovation guru, co-founder of Change Logic, and the co-author of “Corporate Explorer: How Corporations Beat Startup at the Innovation Game”. We had a fascinating conversation about innovation and entrepreneurship, both in large corporations and start-ups. So give the episode a listen! You can find more info about Change Logic here: https://changelogic.com/team/andy-binns/ Check out Andy's book here: https://www.amazon.com/Corporate-Explorer-Corporations-Entrepreneurs-Innovation/dp/1119838320 If you know of someone who would be a good guest for the show, let us know and we will try to get them as a guest. We also love to hear from our listeners, send us your questions, comments, and suggestions at bela.and.mike@gmail.com - we will answer your questions in a future episode. Thanks for listening, Bela and Mike --- Send in a voice message: https://anchor.fm/bela-musits/message Support this podcast: https://anchor.fm/bela-musits/support
Idea to Value - Creativity and Innovation with Nick Skillicorn
In today's episode of the Idea to Value Podcast, we speak with Andy Binns, Co-Founder of Change Logic and author of Corporate Explorer: How corporations can beat startups at the innovation game. See the full episode at https://wp.me/p6pllj-1Lr #podcast #innovation #disruption Andy has worked as a strategic advisor to Leaders for decades, with experience at McKinsey, IBM and now Change Logic. We speak about the myth of only startups being able to innovate, and what it takes for large corporations to be able to execute disruptive innovations. Topics covered in this episode: 00:01:30 - Andy's background with IBM's Emerging Business opportunities, and how this brought him to the idea that corporations can innovate better than startups 00:04:15 - Where the myth that large corporations cannot innovate comes from 00:07:00 - How survivorship and confirmation bias make people forget all the startups who tried but failed, and how corporations should not try to copy startups 00:08:30 - How LexisNexis innovated to create an entirely new business model 00:11:00 - You need different capabilities to execute disruptive and transformational innovations, rather than incremental improvements 00:12:30 - Insights from Steve Blank on running an ambidextrous organisation, and it not just being about exploring vs exploiting 00:18:00 - The importance of social capital and overcoming corporate antibodies 00:22:00 - Two case studies of a company which successfully and unsuccessfully attempted to disrupt themselves Links mentioned in this episode: Book Link: https://www.thecorporateexplorer.com Change Logic: https://www.changelogic.com Bonus: This episode was made possible by our premium innovation and creativity training. Take your innovation and creativity capabilities to the next level by investing in yourself now, at https://www.ideatovalue.com/all-access-pass-insider-secrets/ * Subscribe on iTunes to the Idea to Value Podcast: https://itunes.apple.com/gb/podcast/idea-to-value-creativity-innovation/id1199964981?mt=2 * Subscribe on Spotify to the Idea to Value Podcast: https://open.spotify.com/show/4x1kANUSv7UJoCJ8GavUrN * Subscribe on Stitcher to the Idea to Value Podcast: http://www.stitcher.com/s?fid=129437&refid=stpr * Subscribe on Google Podcasts to the Idea to Value Podcast: https://podcasts.google.com/?feed=aHR0cHM6Ly9pZGVhdG92YWx1ZS5saWJzeW4uY29tL3Jzcw Want to rapidly validate new ideas and innovative products and GROW your online business? These are the tools I actually use to run my online businesses (and you can too): * The best email management and campaigns system: ActiveCampaign (Free Trial) http://www.activecampaign.com/?_r=M17NLG2X * Best value web hosting: BlueHost WordPress http://www.activecampaign.com/?_r=M17NLG2X * Landing pages, Sales Pages and Lead collection: LeadPages (Free Trial) http://leadpages.pxf.io/c/1385771/390538/5673 * Sharing & List building: Sumo (Free) https://sumo.com/?src=partner_ideatovalue * Payments, Shopping Cart, affiliate management and Upsell generator: ThriveCart https://improvides--checkout.thrivecart.com/thrivecart-standard-account/ * Video Webinars for sales: WebinarJam and Everwebinar ($1 Trial) https://nickskillicorn.krtra.com/t/lwIBaKzMP1oQ * Membership for protecting content: Membermouse (Free Trial) http://affiliates.membermouse.com/idevaffiliate.php?id=735 * eLearning System for students: WP Courseware https://flyplugins.com/?fly=293 * Video Editing: Techsmith Camtasia http://techsmith.z6rjha.net/vvGPv I have used all of the above products myself to build IdeatoValue and Improvides, which is why I can confidently recommend them. I may also receive affiliate payments for any business I bring to them using the links above. Copyright https://www.ideatovalue.com
Joining the podcast today is Andy Binns, co-author of the book Corporate Explorer. This book and Andy's perspective goes against much of what we have learned as the right way to retain talent. What Andy brings to the table today is how to develop an entrepreneurial mindset to large corporate organizations. In his experience, large organizations are great to incubate and nurture this entrepreneurial attitude and skill set. Why is this important and why aren't more organizations implementing this? In addition, Andy and I discuss the challenges this current generation of talent is experiencing and what organizations can do to manage constant change. Developing an environment to retain people longer is different than it used to be and in this episode, you'll discover that it is entirely different than you might think. This topic is very timely in the current climate that we are in and I know you will find great value in Andy's perspective. His book Corporate Explorer is highly recommended. Enjoy listening to this conversation! What We Talked About in This Episode: Andy's Background and Experience Corporate Life and Entrepreneurship Can Go Together What is a Corporate Explorer? Large Companies Have Opportunities for Innovation What Companies Do to Foster Entrepreneurial Culture The Type of Culture for this Approach to Exist Cultural Incubators Within the Company Examples of Large Organizations That Use This Model Current Challenges in Business and Startups Things to Master and Managing Change Common Challenges for the Corporate Explorer Andy's Book Recommendations and Daily Rituals About Our Guest: Andrew Binns is a co-founder of Change Logic, a Boston-based strategic advisory firm. He works with CEOs, boards, and senior teams as they lead significant business change. His goal is to help organizations liberate their potential to excite the world with innovation. Andy has 25 years of consulting experience as both an external and internal consultant for McKinsey & Co., the IBM Corporation, and Change Logic. At IBM, Andy was deeply involved in the Emerging Business Opportunity program, for which he received an award from IBM's vice chairman. Andy is a frequent guest speaker and lecturer at companies and business schools. His article, “Three Disciplines of Innovation,” co-authored with Professor Charles O'Reilly, was named Best Article in the California Management Review for 2020. He also co-authored the “Ambidextrous CEO” in the Harvard Business Review, “The Art of Strategic Renewal” in the MIT Sloan Management Review, and a book chapter on “Getting Started with Ambidexterity.” He is an executive fellow at the Center for Future Organization at the Drucker School of Management and a member of the Fast Company Executive Board. Andy attended the University of Sussex, New York University, and the Quinlan Business School at Loyola University Chicago. He holds degrees in political science, marketing, and organizational development. Connect with Andy Binns: https://thecorporateexplorer.com/ Connect with John Murphy: LinkedIn Twitter YouTube Facebook If you liked this episode, please don't forget to subscribe, tune in, and share this podcast. Thanks for tuning in!
Season 2 of the Workplace Solutions Podcast and Webinar Series! Andy Binns is co-author of Corporate Explorer: How Corporations Beat Startups at the Innovation Game, together with Professor Michael Tushman from Harvard Business School and Professor Charles O'Reilly from Stanford. The book will be published by Wiley on February 2nd, 2022. He is a director of the Boston-based innovation advisory firm, Change Logic, which works with CEOs and senior teams to help design and execute growth strategies. Before Change Logic, he was with IBM, where he won an award for his work on the company's Emerging Business Opportunity Program, and McKinsey & Co. Social media and website information: https://thecorporateexplorer.com/ https://www.linkedin.com/in/andrewjmbinns/ ________________________________________________ Thank you again for joining us today! If you know anybody that would benefit from this episode please share it with them and help spread the knowledge and motivation. -- Subscribe and rise up for you to be your best: https://www.youtube.com/c/riseupforyou -- Enroll in one of our Coaching Programs today to improve your life, deepen your success and increase your potential in work and life: https://www.riseupforyou.com/coaching -- Check Out our Book, Rise Up For You: Closing the Gap Between You and Your Potential https://www.nadalena.com/book -- Follow us on Social Media: LinkedIn: https://www.linkedin.com/in/nadalena/ Facebook: https://www.facebook.com/RiseUpForYou/ Instagram: https://www.instagram.com/riseupforyou Sign up for our FREE Master Success Kit: https://www.riseupforyou.com/successkit Looking for more support? Grab your free coaching call with our team completely FREE! Bring your questions about Confidence, Leadership or Business and we will assign you the best coach to provide customizable support. SCHEDULE YOUR FREE CALL HERE https://calendly.com/riseupforyou/coaching?back=1&month=2021-09
Corporate Innovation Innovation used to be seen as a game best left to entrepreneurs, but now a new breed of corporate managers is flipping this logic on its head. These Corporate Explorers have the insight, resilience, and discipline to overcome the obstacles and build new ventures from inside even the largest organisations. In this interview with co-author Andrew Binns, we explore how all companies and organisations can make innovation shine within. Connect with Andrew here. Guest Bio. Andrew Binns is a co-founder of Change Logic, a Boston-based strategic advisory firm. He works with CEOs, boards, and senior teams as they lead significant business change. His goal is to help organisations liberate their potential to excite the world with innovation. Andy has 25 years of consulting experience as both an external and internal consultant for McKinsey & Co., the IBM Corporation, and Change Logic. At IBM, Andy was deeply involved in the Emerging Business Opportunity program, for which he received an award from IBM's vice chairman.
Andrew Binns and Charles O'Reilly are co-founders of Change Logic, a Boston-based strategic advisory firm. Charles is a Professor at the Stanford Graduate School of Business and author of multiple other books on business management. They partnered with Michael Tushman, Professor at Harvard Business School, to coalesce their decades of collective experience in innovation and corporate transformation to create the Corporate Explorer: How Corporations can Beat Startups at the Innovation Game. In a conversation with Martin Reeves, Chairman of the BCG Henderson Institute, Andy and Charles discuss insights from the new book. While large corporations have relationships, assets, and capabilities to leverage at an advantage over startups, they must overcome impediments to innovation such as bureaucracy, a bend towards efficiency, and risk aversion. The book serves as a philosophical and tactical playbook to help large established corporations overcome these obstacles through all three stages of innovation: from ideation, and incubation, to scaling. The authors aim to encourage more managers to follow the path to become a Corporate Explorer and for more senior leadership teams to give them the strategic, financial, and organizational support they need. *** About the BCG Henderson Institute The BCG Henderson Institute is the Boston Consulting Group's think tank, dedicated to exploring and developing valuable new insights from business, technology, economics, and science by embracing the powerful technology of ideas. The Institute engages leaders in provocative discussion and experimentation to expand the boundaries of business theory and practice and to translate innovative ideas from within and beyond business. For more ideas and inspiration, sign up to receive BHI INSIGHTS, our monthly newsletter, and follow us on LinkedIn and Twitter.
Andy Binns is the Co-founder and Director at Change Logic, working with clients that are ideating, incubating, and scaling new businesses inside existing organizations. He's also the author of Corporate Explorer: How Corporations Beat Startups at the Innovation Game: https://thecorporateexplorer.com/book He's also an Executive Board Member at Fast Company and an Executive Fellow at the Drucker School of Management. On this episode of the Strategy & Leadership Podcast, Andy joins us to discuss corporate explorers - who they are, what they do, and how to become one. He also poses an important question near the end: What's the scale of your ambition? // Learn more about strategic planning & implementation: ► Subscribe so you never miss a video: www.youtube.com/channel/UCOHLNRrp…ub_confirmation=1 ► Get free workbook to guide you along the process: www.smestrategy.net/strategic-plann…mplate-workbook ► Learn how to successfully lead your next strategic planning process: www.smestrategy.net/strategic-plann…ng-steps-course // More strategic planning resources: ► Join our free community: strategy-and-leadership.mn.co/ ► Are you looking for someone to facilitate your strategic planning process? www.smestrategy.net/strategic-plann…ator-consultant ► Want software to track your strategic plan. Get a 90-day free trial of Cascade Strategy: www.smestrategy.net/cascade // Connect with us: Blog ► www.smestrategy.net/blog Strategy & Leadership Podcast ►www.smestrategy.net/podcast Alignment Book ► www.smestrategy.net/alignment-book Contact us ►www.smestrategy.net/contact Subscribe on YouTube ► www.youtube.com/channel/UCOHLNRrp…ub_confirmation=1 // ABOUT SME STRATEGY CONSULTING: SME Strategy is a management consulting firm that specializes in helping organizations develop and implement their strategic plans. We work with teams to facilitate conversations about strategic direction and business strategy so that our clients can focus their energy on what will move them forward faster. Based out of Vancouver, BC, we've worked with organizations all over North American and beyond in various industries including nonprofits, universities & government organizations. For more information on working with a facilitator for your next strategy session: www.smestrategy.net/strategic-plann…ator-consultant
Noel Sobelman is the Principal at Change Logic, where he works with corporate leadership to accelerate new growth business and core business vitality. Noel has led venture programs that received natio
Noel Sobelman is the Principal at Change Logic, where he works with corporate leadership to accelerate new growth business and core business vitality. Noel has led venture programs that received national accolades, including PR Week's Best High Tech Consumer Launch, PC Magazine's Editors' Choice, USA Today/Rochester Institute of Technology's Quality Cup, and CNET's [...] The post Ambidexterity in Business Innovation appeared first on Sopheon.
Noel Sobelman is the Principal at Change Logic, where he works with corporate leadership to accelerate new growth business and core business vitality. Noel has led venture programs that received national accolades, including PR Week's Best High Tech Consumer Launch, PC Magazine's Editors' Choice, USA Today/Rochester Institute of Technology's Quality Cup, and CNET's Best of CES awards. With a career spanning 25 years, Noel was the Managing Director at Kalypso, Segment Director at Kyocera Wireless Corporation, and Director of Worldwide Marketing and Business Development at Mobility Electronics. Noel has a Master of Business Administration degree in Innovation and Technology Management from the University of Virginia Darden School of Business and a Bachelor of Science degree in Mechanical Engineering from Arizona University. Noel joins me today to discuss ambidexterity: the concept of having to simultaneously manage your core business and your exploratory business. He outlines how leadership should tackle processes and resource balancing for short and long-term opportunities with low and high risk. He reveals why it is vital to create new behaviors and a pull for change from the top-down and the bottom-up. Noel also shares why PPM systems are necessary enablers for allowing ambidexterity and facilitating future growth. "The companies that can figure this out and effectively manage both sides of this equation without trading off for the other are going to set themselves up for success in the future." - Noel Sobelman This week on Innovation Talks: The dangers of focusing only on optimizing the core business in the current environment with a heightened pace of change How transformative innovation differs from core innovation and managing your business when it is in a transformative state The challenge of balancing and allocating resources to short and long-term opportunities The pros and cons of creating a spin-off versus business integration Examples of businesses that are capitalizing well on new sources of growth Why it is vital to confront tensions, introduce new behaviors, and build capabilities top-down and bottom-up The benefits of using a PPM system to ensure you execute your growth and innovation strategies Resources Mentioned: Podcast: A deeper dive into Portfolio Management with Noel Sobelman Podcast: Evidence-Based Innovation Portfolio Management Book: Lead and Disrupt: How to Solve the Innovator's Dilemma, Second Edition by Charles O'Reilly and Michael Tushman Connect with Noel Sobelman: Change Logic Change Logic on LinkedIn Change Logic on Twitter Noel Sobelman on LinkedIn Email: noel.sobelman@changelogic.com This Podcast is brought to you by Sopheon Thanks for tuning into this week's episode of Innovation Talks. If you enjoyed this episode, please subscribe and leave a review wherever you get your podcasts. Apple Podcasts | TuneIn | GooglePlay | Stitcher | Spotify | iHeart Be sure to connect with us on Facebook, Twitter, and LinkedIn, and share your favorite episodes on social media to help us reach more listeners, like you. For additional information around new product development or corporate innovation, sign up for Sopheon's newsletter where we share news and industry best practices monthly! The fastest way to do this is to go to sopheon.com and click here.
Andy Binns and his company Change Logic love innovation, disruption and the ways companies and leaders think differently. Tomer Zvulun asks him about his work, his view on Steve Jobs and other visionaries, and his upcoming book. Binns' upcoming book, Corporate Explorer: how corporations beat startups at the innovation game, is a guide book for managers and executives seeking to build new businesses inside existing organizations. It was co-written with last week's Business of Opera podcast guest, Dr. Michael Tushman. Book website is: https://thecorporateexplorer.com/
Michael Tushman is a Baker Foundation Professor, Paul R Lawrence Professor Emeritus, and faculty chair of the Advanced Management Program (AMP) at Harvard Business School. He is also a founding director of Change Logic, a Boston-based strategic advisory firm. Michael is internationally recognized for his work on the relations between technological change, executive leadership and organization adaptation, and for his work on innovation streams and organization design. Mike is an active business consultant and educator, working with CEOs and senior teams around the world. Mike leads several Harvard Business School's premier learning opportunities for executives. In addition to AMP, he is faculty co-chair of Leading Change and Organizational Renewal and is a former Faculty Chair for the Professional Leadership Development Program. He also teaches on the Business Analytics Program, HBS's first online only program. Mike's publications include Lead and Disrupt, Winning Through Innovation: A Practical Guide to Leading Organizational Renewal and Change, both with Charles O'Reilly; and Corporate Explorer: how corporates beat startups at the innovation game with Andy Binns. In this podcast he shares: How to structure a company so it can simultaneously exploit your current business and explore new businesses The definition of an ambidextrous organizationWhy it's so critical that you think about your firm's “identity” and purpose And why the greatest barrier to your ability to innovate may be dealing with “identity threats” __________________________________________________________________________________________"My experience with ambidexterity is the structure is pretty trivial. You just put the past in the future. Oftentimes the reason that ambidextrous structures fail is that the senior team cannot deal with the paradox and tensions and contradictions associated with both exploiting and exploring simultaneously. So I would beg the strategy types in the room to help your colleagues attend to inconsistent strategies simultaneously in service of the overarching identity and help their colleagues deal with tension in the room is that is not there exploit always kills, explore."-Michael Tushman__________________________________________________________________________________________Episode Timeline:00:00—Introducing Michael Tushman + The topic of today's episode2:38—If you really know me, you know that...2:01—What is your definition of strategy?4:50—What are you most well-known for?7:25—Could you explain to us the concept of an ambidextrous organization?10:15—How do you find leaders that can manage the tension between exploit and explore?15:40—Could you explain how explore companies differ in how they shape the context and rules?16:50—Could you explain a little more about this identity conflict that companies experience?19:18—What are you working on now and how should people connect with you?__________________________________________________________________________________________Additional Resources:Faculty Page at HBS: https://www.hbs.edu/faculty/Pages/profile.aspx?facId=6584LinkedIn: https://www.linkedin.com/in/michael-tushman-b356a57/Most recent book: https://hbswk.hbs.edu/item/is-company-failure-inevitable
Michael Tushman is a Baker Foundation Professor, Paul R Lawrence Professor Emeritus, and faculty chair of the Advanced Management Program (AMP) at Harvard Business School. He is also a founding director of Change Logic, a Boston-based strategic advisory firm. Michael is internationally recognized for his work on the relations between technological change, executive leadership and organization adaptation, and for his work on innovation streams and organization design. Mike is an active business consultant and educator, working with CEOs and senior teams around the world. Mike leads several Harvard Business School's premier learning opportunities for executives. In addition to AMP, he is faculty co-chair of Leading Change and Organizational Renewal and is a former Faculty Chair for the Professional Leadership Development Program. He also teaches on the Business Analytics Program, HBS's first online only program. Mike's publications include Lead and Disrupt, Winning Through Innovation: A Practical Guide to Leading Organizational Renewal and Change, both with Charles O'Reilly; and Corporate Explorer: how corporates beat startups at the innovation game with Andy Binns. In this podcast he shares: How to structure a company so it can simultaneously exploit your current business and explore new businesses The definition of an ambidextrous organizationWhy it's so critical that you think about your firm's “identity” and purpose And why the greatest barrier to your ability to innovate may be dealing with “identity threats” __________________________________________________________________________________________"My experience with ambidexterity is the structure is pretty trivial. You just put the past in the future. Oftentimes the reason that ambidextrous structures fail is that the senior team cannot deal with the paradox and tensions and contradictions associated with both exploiting and exploring simultaneously. So I would beg the strategy types in the room to help your colleagues attend to inconsistent strategies simultaneously in service of the overarching identity and help their colleagues deal with tension in the room is that is not there exploit always kills, explore."-Michael Tushman__________________________________________________________________________________________Episode Timeline:00:00—Introducing Michael Tushman + The topic of today's episode2:38—If you really know me, you know that...2:01—What is your definition of strategy?4:50—What are you most well-known for?7:25—Could you explain to us the concept of an ambidextrous organization?10:15—How do you find leaders that can manage the tension between exploit and explore?15:40—Could you explain how explore companies differ in how they shape the context and rules?16:50—Could you explain a little more about this identity conflict that companies experience?19:18—What are you working on now and how should people connect with you?__________________________________________________________________________________________Additional Resources:Faculty Page at HBS: https://www.hbs.edu/faculty/Pages/profile.aspx?facId=6584LinkedIn: https://www.linkedin.com/in/michael-tushman-b356a57/Most recent book: https://hbswk.hbs.edu/item/is-company-failure-inevitable
Noel Sobelman is the Principal Innovation Practice Leader at Change Logic. He has worked in portfolio management, growth strategy, innovation capability building, ecosystem development, digital enable
Noel Sobelman is the Principal Innovation Practice Leader at Change Logic. He has worked in portfolio management, growth strategy, innovation capability building, ecosystem development, digital enablement, and organizational design for more than 25 years. Noel has held senior-level corporate roles and has received recognition through PC Magazine's Editors' Choice, USA Today/Rochester Institute of [...] The post Evidence-Based Innovation Portfolio Management appeared first on Sopheon.
Noel Sobelman is the Principal Innovation Practice Leader at Change Logic. He has worked in portfolio management, growth strategy, innovation capability building, ecosystem development, digital enablement, and organizational design for more than 25 years. Noel has held senior-level corporate roles and has received recognition through PC Magazine's Editors' Choice, USA Today/Rochester Institute of Technology's Quality Cup, CNET's ‘Best of CES' awards, and PR Week's ‘Best High Tech Consumer Launch.' He has a Master of Business Administration degree from the University of Virginia's Darden School and a Bachelor of Science degree in Mechanical Engineering from the University of Arizona. Noel joins me today to discuss evidence-based innovation portfolio management. He shares why it is vital to have facts in the form of what customers think and how these validate assumptions and have more impact the further away they are from the core. He shares various methodologies for testing hypotheses and the viability of potential products and solutions. Noel also explores the human side of behavioral change, the different methods of making decisions, and the advantages of getting leadership out there running an experimentation loop. “Innovation is really a continuum from your core business where you're working in fairly known markets with known technologies and products.” - Noel Sobelman This week on Innovation Talks: Why evidence-based innovation in portfolio management is necessary whenever there is uncertainty in numbers Running experiments to test behavioral change when a product is put in front of customers Determining early on what must be true to make a business model/case viable Different types of validation evidence throughout development stages Making better decisions by using leading indicators in conversation Working together and approaches for bringing cross-functional software and hardware teams together Connect with Noel Sobelman: Change Logic Change Logic on Twitter Noel Sobelman on LinkedIn Paper: “Evidence-Based Innovation Portfolio Management” This Podcast is brought to you by Sopheon Thanks for tuning into this week's episode of Innovation Talks. If you enjoyed this episode, please subscribe and leave a review wherever you get your podcasts. Apple Podcasts | TuneIn | GooglePlay | Stitcher | Spotify | iHeart Be sure to connect with us on Facebook, Twitter, and LinkedIn, and share your favorite episodes on social media to help us reach more listeners, like you. For additional information around new product development or corporate innovation, sign up for Sopheon's newsletter where we share news and industry best practices monthly! The fastest way to do this is to go to sopheon.com and click here.
Noel Sobelman is the Principal Innovation Practice Lead at Change Logic, where he works with corporate leadership to accelerate core business vitality and new-growth business. Noel has led venture pro
Noel Sobelman is the Principal Innovation Practice Lead at Change Logic, where he works with corporate leadership to accelerate core business vitality and new-growth business. Noel has led venture programs that received national accolades, including USA Today/Rochester Institute of Technology's Quality Cup, PR Week's Best High Tech Consumer Launch, PC Magazine's Editors' Choice, [...] The post A deeper dive into Portfolio Management with Noel Sobelman appeared first on Sopheon.
Noel Sobelman is the Principal Innovation Practice Lead at Change Logic, where he works with corporate leadership to accelerate core business vitality and new-growth business. Noel has led venture programs that received national accolades, including USA Today/Rochester Institute of Technology's Quality Cup, PR Week's Best High Tech Consumer Launch, PC Magazine's Editors' Choice, and CNET's Best of CES awards. Over the past 25 years, he was a partner and managing director at Kalypso, segment director at Kyocera Wireless Corporation, and Director of Worldwide Marketing and Business Development at Mobility Electronics. Noel has a Master of Business Administration in Innovation & Technology Management from the University of Virginia Darden School of Business and a Bachelor of Science, Mechanical Engineering from the University of Arizona. Noel joins me today to take a deeper dive into portfolio management. He highlights why companies need to consider manufacturability in innovation and structure teams to understand cross-function dependencies. He reveals how to use a closed-loop process and early mindset to improve quality and the customer experience over the current state product. Noel shares what portfolio management is and how to view it as the link between strategy and execution. He describes the criteria and methodology that helps avoid an overloaded pipeline and late-stage firefighting. Noel also shares how companies handle new growth and develop new business models while maintaining and growing their core business. “The incentive for the short term translates into taking safe bets, predictable bets, and over time if you do that too much, you're gonna have a very conservative portfolio.” - Noel Sobelman This week on Innovation Talks: Why manufacturability needs careful consideration in innovation How to structure a team so that it understands the different dependencies across functions, enabling companies to scale the right way How to avoid assumptions, innovate, and develop new sources of growth where high uncertainty exists The discrepancies many companies have between their investment mix and company ambition, and how to avoid an overly-conservative portfolio Today's strategic and operational challenges and how to make better decisions with more objective evaluation criteria Allocating investments and determining the different dimensions of your portfolio using strategies such as the growth horizon and co-creating with start-ups Resources Mentioned: Book: Collective Disruption: How Corporations & Startups Can Co-Create Transformative New Businesses by Michael Docherty Connect with Noel Sobelman: Change Logic Change Logic on LinkedIn Change Logic on Twitter Noel Sobelman on LinkedIn Email: noel.sobelman@changelogic.com This Podcast is brought to you by Sopheon Thanks for tuning into this week's episode of Innovation Talks. If you enjoyed this episode, please subscribe and leave a review wherever you get your podcasts. Apple Podcasts | TuneIn | GooglePlay | Stitcher | Spotify | iHeart Be sure to connect with us on Facebook, Twitter, and LinkedIn, and share your favorite episodes on social media to help us reach more listeners, like you. For additional information around new product development or corporate innovation, sign up for Sopheon's newsletter where we share news and industry best practices monthly! The fastest way to do this is to go to sopheon.com and click here.
In this HCI Podcast episode, Dr. Jonathan H. Westover talks with Andrew Binns about leading disruption by ideating, incubating, and scaling new businesses inside existing organizations. See the video here: https://youtu.be/LYUTLRi2phg. Andrew Binns (https://www.linkedin.com/in/andrewjmbinns/) is the co-founder and managing principal of Change Logic, a strategic innovation advisory firm focused on helping CEOs and senior teams. Andy has over 30 years of expertise in corporate entrepreneurship, innovation, and the future of business. He most recently has worked with clients including Intel, UNIQA, Analog Devices, IMCA, CUNA, CloudFactory, The Atlanta Opera, Zoox, and LexisNexis. Andy is also a frequent guest speaker and lecturer both for companies and business schools. Andy has published widely, including as co-author of ‘Three Disciplines of Innovation' in the California Management Review (named Best Article 2020), 'Ambidextrous CEO' in the Harvard Business Review, the 'Art of Strategic Renewal' in the MIT Sloan Management Review and a book chapter on 'Getting Started with Ambidexterity'. He is an Executive Fellow in the Center for Future Organization at the Drucker School of Management. Check out Dr. Westover's new book, The Alchemy of Truly Remarkable Leadership, here: https://www.innovativehumancapital.com/leadershipalchemy. Check out the latest issue of the Human Capital Leadership magazine, here: https://www.innovativehumancapital.com/hci-magazine. Ranked in the Top 10 Performance Management Podcasts: https://blog.feedspot.com/performance_management_podcasts/ ; Ranked in the Top 10 Workplace Podcasts: https://blog.feedspot.com/workplace_podcasts/ ; Ranked in the Top 15 HR Podcasts: https://blog.feedspot.com/hr_podcasts/ ; Ranked in the Top 15 Talent Management Podcasts: https://blog.feedspot.com/talent_management_podcasts/ ; Ranked in the Top 15 Personal Development and Self-Improvement Podcasts: https://blog.feedspot.com/personal_development_podcasts/ ; Ranked in the Top 30 Leadership Podcasts: https://blog.feedspot.com/leadership_podcasts/
When you're this good, who needs a plan? From the scattered intro to the return of Grizzly Chris, this one's pure Garage Hour. There's Grizzlies Gone Wild, Mr. Dustin's (Top Earner) report from Irwindale Speedway, Dirty Dave and Black Ryan, plus big new truck bumpers and where we're going to put them (in a Prius), plus the Happy Patrol, how to rate an idiot's stupidity, Juan Williams versus Howard Dean (we all lose), fraternity chef and Guadalcanal first-wave Bob Hansen, and that's just to get things rolling. Once the Garage Hour's crack team of gearhead consultants get started on the retrograde traffic of the silly season, it's all ball bearings - Miata rage, bumper rage, lane-change rage, Ryan rage, grizzly rage, and then it's conserving ammunition, shotguns, the Deathmobile, Wikileaks, and the government taking over the web (we warned you - didn't we warn you?).
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