Podcasts about innovation stack

David Rogers - The Digital Transformation Roadmap Part 2   Mastering Digital Transformation: Insights from David Rogers   In this engaging episode, Aidan sits down with David Rogers, the author of 'The Digital Transformation Roadmap'. They delve into the significant challenges and strategies for digital transformation within organisations. Key topics include overcoming psychological and organisational debt, technical capabilities required for transformation, the importance of suitable technology, retaining key talent, and evolving organisational culture. David also shares insights on governance and iterative funding, emphasising the need for smart shutdowns and resource allocation. The episode is packed with practical examples, including successful digital transformations at Walmart and Netflix. David's profound experience and practical tools make this essential listening for business leaders and innovators.   00:00 Introduction and Welcome 00:13 Understanding Organisational and Technical Debt 02:18 The Importance of Tech Capabilities 03:29 Talent and Culture in Digital Transformation 05:19 Governance in Digital Transformation 08:27 The Role of Teams and Boards 20:00 Smart Shutdowns and Innovation Governance 26:07 The Corporate Innovation Stack 29:34 The Broken Model of Innovation 30:02 Governance Model for Innovation 30:42 Path Three Innovations: Challenges and Management 32:15 Innovation Structures and Strategies 34:12 Skipping Vision and Priorities 35:07 Walmart's Strategic Innovation in Online Grocery 41:24 Four Stages of Validation 49:21 Case Studies: Netflix and Diapers.com 54:37 Conclusion and Final Thoughts   Find David here:   Find Aidan McCullen for Keynotes and Corporate Workshops here:   David Rogers, Aidan McCullen, Digital Transformation, Innovation Governance, Iterative Funding, Corporate Innovation, Organizational Change, Innovation Strategy, Technical Debt, Psychological Debt, Innovation Boards, Startup Culture, Agile Methodology, Product Validation, Strategic Priorities, Business Validation, Smart Shutdowns, Innovation Stack, Customer Validation, Executive Insights  

How does a 170-year-old derivatives marketplace keep pace with changing customer needs and rapidly evolving technologies? Join host Pari Natarajan, CEO, Zinnov, as he talks to Sunil Cutinho, CIO, CME Group and Prabhuram Duraiswami (PD), India Center Head, CME Group - the leaders spearheading the company's cutting-edge engineering efforts. Hear first-hand how CME Group has built a 700+ member strong global technology workforce, with India playing a crucial role. PD and Sunil pull back the curtain on attracting top talent, promoting a culture of continuous learning, and fostering grassroots innovation through hackathons and ideation challenges. They also discuss how they are leveraging strategic partnerships to harness the power of Generative AI, Cloud, and advanced data analytics. Whether you're in Fintech, an established firm undergoing disruption, or simply fascinated by the future of finance - get invaluable insights on building globally distributed teams, upskilling talent, and driving digital transformation in a regulated, high-stakes industry. TIMESTAMPS 00:00 Intro 01:29 Upcoming tech trends in the finance sector 03:14 AI's role in CME's digital transformation strategy 06:38 How CME's India GCC enables 24/7 operations 11:56 How the India center helped turn CME Group into a global firm 14:14 What is CME Group's data and analytics strategy? 15:41 Retaining talent in India, and building a culture of collaboration 20:33 How CME Group is managing high customer demands, with talent strategy

How do you find your new idea?What does it take to attract a team of true believers?And what does glass-blowing have to do with entrepreneurship? Hint: the key is timing.All of these questions are answered in my newest episode of From Start-Up to Grown-Up with Jim McKelvey, the Co-Founder of Block (previously known as Square)!Jim McKelvey is best known for co-founding Square, now called Block.  He also founded LaunchCode.org, which has provided free training and jobs for thousands of aspiring programmers.  He is the former Chair of the St. Louis Federal Reserve and a trustee of Washington University. Jim is also an artist/designer. Art of Fire is the world's top textbook on glassblowing and his industrial designs are in both the Smithsonian and Museum of Modern Art. He co-founded Third Degree Glass Factory, one of the top centers for glass artwork.   He is currently working on a plastic-free diaper. Jim's book, The Innovation Stack, explains how industry-creating innovations actually happen.Learn more about Block | Websitehttps://block.xyz/Connect with Alisa! Follow Alisa Cohn on Instagram: @alisacohn Twitter: @alisacohn Facebook: facebook.com/alisa.cohn LinkedIn: https://www.linkedin.com/in/alisacohn/ Website: http://www.alisacohn.com Download her 5 scripts for delicate conversations (and 1 to make your life better) Grab a copy of From Start-Up to Grown-Up by Alisa Cohn from AmazonLove the show? Subscribe, Rate, Review, Like, and Share!

My guest today is Justin Ishbia. Justin is the Founding Partner of Shore Capital. Shore is a private equity firm that invests in microcap businesses within industry niches. With $7 billion in capital deployed but an average transaction size of just $12 million, Justin has worked to build a system to drive success for hundreds of businesses through replicable operating procedures and championing young professionals.  The firm has created a moat around volume with nearly 600 acquisitions over the last three years, some of the highest numbers in the world. We discuss identifying growth prospects, constructing a meaningful board, and the business mentality behind "main street," not wall street, as Justin puts it. Please enjoy my conversation with Justin Ishbia.  Listen to Founders Podcast For the full show notes, transcript, and links to mentioned content, check out the episode page here. ----- This episode is brought to you by Tegus, the modern research platform for leading investors. Stretch your research budget with flexible expert calls you can trust. At a fraction of the cost of traditional expert networks, Tegus customers pay only what an expert charges – with zero markups and no confusing call credits – netting an average 70% savings. Don't want to conduct a full hour call? Tegus offers the ability to schedule 30-minutes, an offer you won't find anywhere else. And they don't stop there. With white-glove custom sourcing for every project and robust compliance measures, including a dedicated 50+ analyst team that vets every call transcript, Tegus ensures your privacy and protection. As the industry innovator for qualitative insights, Tegus helps you find the right experts you need at a quality and speed that can't be matched. For a limited time, as a listener, you can trial Tegus for free by visiting tegus.co/patrick. ----- Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes.  Past guests include Tobi Lutke, Kevin Systrom, Mike Krieger, John Collison, Kat Cole, Marc Andreessen, Matthew Ball, Bill Gurley, Anu Hariharan, Ben Thompson, and many more. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @patrick_oshag | @JoinColossus Show Notes: (00:03:10) - (first question) - “The system is the star” and how it applies to Shore Capital  (00:07:10) - Shore Capital's origin story (00:12:48) - What the perfect type of deal looks like for Justin  (00:16:34) - The historical rates of return for their deals  (00:18:12) - Shore Capital's defensibility and strategic advantages  (00:22:13) - Their board system and incentive structure  (00:28:20) - Why they focus on the industrial subsector  (00:31:21) - Overview of thesis evaluation and generation  (00:37:24) - What they're looking for during the diligence stage (00:40:45) - The bad reputation of levered rollups     (00:43:57) - What he's learned about negotiations (00:46:39) - The weak points of Shore Capital's system (00:48:59) - The Innovation Stack; Thinking about stacking unfair advantages  (00:52:11) - Selling a business and what buyers are looking for   (00:55:08) - Heavy focus on operations and their portfolio performance group  (00:58:00) - Why nobody above an associate level has ever left Shore Capital  (00:60:46) - Lessons learned becoming the owner of a major sports franchise  (01:03:56) - What's surprising about how the league functions  (01:05:05) - Key people and firms he's learned the most from  (01:07:17) - Where Shore Capital's system could improve the most  (01:11:06) - The kindest thing anyone has ever done for Justin

"Building an Unbeatable Business One Crazy Idea at a Time"

William Gibson famously observed. The future is already here. It's just not evenly distributed. If you are an irrigation professional, old or new, who designs, installs or maintains high end residential, commercial, or municipal properties, And you want to use technology to improve your business, to get a leg up on your competition, even if you're an old school irrigator from the days of hydraulic systems, this show is for you. This is Andy. Welcome back to the Sprinkler Nerd Show. This is episode one 19 and it's gonna be a kind of brief episode, but I'm actually excited to share what I've been thinking about the last couple days because I think I may have been wrong about something. Well, Maybe not wrong. I, I just may have changed my mind on something again based on new information. So if you've been listening to this podcast, you know that I love to question what I think I know and I love to hear. Maybe not other opinions, let's say. Well, sure you could say other opinions, but I love to look at different angles on things. And I want you to, if you haven't listened to episode 90, I want you to lip listen to episode 90 because it's about, My thoughts on becoming a pioneer and in episode 90 I talked about how I used to think that being a pioneer was the goal as an entrepreneur. The goal of an entrepreneur is to pioneer new territory, right? Go out there and pioneer something. And I heard a quote from Howard Schultz, who's the former, well, he may still be the ceo, the founder of Starbucks. And I talked about how Howard said he would not choose to be a pioneer. He would rather disrupt something. And I'm gonna play that quote for you. And my thoughts are back in episode 90. So take a listen to episode 90 and I will play the quote from Howard here in just a moment. But earlier this week I heard. A quote on the very same topic that totally contradict or countered what Howard Schultz was talking about. And uh, this person, Jim McKelvey, who was the, he co-founded Square. Uh, which I'm sure you guys know about, it's the card, you know, the little card swiper that, uh, can attach to a smartphone. He co-founded Square with Jack Dorsey, I don't know, way back in like 2006, and he wrote this book called The Innovation Stack. And if you are, Well, I, I'd say anybody would enjoy this book, but particularly if you are an entrepreneur and you were building a company, could be a service company, contracting company, could be software company. It could be product company. Really any company. This book, the innovation stack is phenomenal and. Jim McKelvey count contradicts what Howard was talking about, and Jim says that you don't ever disrupt, you don't want to disrupt the market. And so what I wanted to do today was play both of these quotes and kind of share that. I think I might have been wrong, or I'm still not sure, or maybe it depends. Maybe you could pioneer something, maybe you could disrupt something. Maybe there's another variable at play that makes both of these people right. So the first thing I want to do right now is play the quote from Howard Schultz on why you should not be a pioneer and instead be a disruptor. There's always this question about what's the best road to take? Uh, should I disrupt the category? Or should I create a new one? I would say on balance. I generally don't want to be in the pioneering business. And by that I mean it's so hard to change consumer behavior. It takes a long time, a lot of resources. And unless you have the most compelling story, idea and form factor and platform, uh, and I think. Are willing to run the long race of losing money, which is fine. Uh, I think the easier route is to disrupt a category that already exists. Uh, but there's an opportunity cuz the large companies feel as if they're entitled to it. And I love that opportunity. Where the entrepreneur can be disruptive, much more innovative than anyone else. Excellent. I hope you liked that. I hope it made sense. It probably did make sense. Now I'm gonna play the quote from Jim, which I heard just a couple days ago from the book, the Innovation Stack. If you like to listen to your books, like you listen to a podcast, go on Audible, download this book. It's so good. And the, the premise of the book, I'll just share it with you real quick, is that a company becomes, Let's say defensible and significant based on not one feature or one thing, but an entire stack of innovations that the company develops. And he uses great examples like Southwest Airlines that figured out how they could charge a rate at half the market. But in order to do that, They had to turn the plane around in 10 minutes, right? And so sometimes when you want to do something, you gotta figure out how to do something else entirely. And that that stack, that compound of innovations is called an innovation stack. And that stack of innovations is what is becomes really valuable over time. So when they started Square, there was just one innovation after another, after another, after another. That kept getting unlocked as they went to build the company, and that innovation stack is what allowed them to compete against Amazon. And Amazon rolled out a card reader shortly after they did that could certainly have put them outta business, but Amazon didn't realize all the pieces of the puzzle or all the pieces of the innovation stack that was going to be required in order to do what Square had already. Done. So I wanna share with you this quote from Jim so that you can see how it compares to what Howard just said about he'd rather be a disruptor. And what Jim says is the opposite of that. So I think this is fascinating and I hope you enjoy this Next quote, is disruption bad? Not by itself, but disruption has also never been the focus of good entrepreneurs. The entrepreneurs profiled in this book set out to build and not destroy. To focus on disruption is to look over one's shoulder into the past. But if you are trying to solve a perfect problem or expand a market, shouldn't you study that industry? No, you look at your customers, or I should say your potential customers for they do not even know your product or service is possible. William Gibson famously observed The future is already here. It's just not evenly distributed. Unfair as this situation sounds, Gibson's words contain a hopeful promise while only a few of us enjoy the latest cool thing. Eventually, the future will deliver it to us all. Who will make that delivery? Entrepreneurs distribute that future. The companies they build are not disruptors. They are market expanders for the people waiting for their slice of the future. If disruption occurs, it is merely a side effect. The focus of the entrepreneur is the people who cannot get a loan or travel or furnish their home or get paid. The focus of the entrepreneur is on the horizon beyond the wall. If we glance at the system, it is neither to copy it nor to destroy it, but simply to see how much more can be done. Holy cow. Did you guys not just hear what I heard? I'm going to read this again probably in my own words in just a moment because I also took some notes. But like I have, is it weird to say that I almost have like goosebumps or chills listening to that? It's much more compelling than, uh, than Howard's quote about being a disruptor. And I love how these, they don't really contradict each other and they might be coming from two different vantage points. So my sort of, my thought here today is not to say one is wrong or ru one is right, but to have you think. And to sort of portray or relay this information that, that I came across because I think it's super powerful. And just listening to the final part of that quote gave me kind of chills, honestly. Like the, the final quote there says, it is, this is crazy. If we glance at the system, it is neither to copy nor destroy it, but simply to see how much more can be done. Like that alone. Simply see how much more can be done. That's the goal. That's what entrepreneurs do. That's what you guys are probably doing in your own day, and if you're not, let's take a chance on it. See how much more could be. Done. And there's a, there's a middle part here that I really like also, and that is that, you know, essentially the entrepreneur's job is to distribute the future. Okay? So they start out by saying, well, only a few of us enjoy the latest cool thing. Eventually the future will deliver it to us All. Question then becomes who will make the delivery? Entrepreneurs distribute that future. The companies they build are not disruptors. Let me read that again. The companies they build are not disruptors. Take that. Howard Companies they build are not disruptors. They are market expanders for the people waiting for their slice of the future. I love that because it talks about the people, the customer. That's the most important thing, waiting for the customer, for the people waiting for their slice of the future. If disruption occurs, and this is key, it is merely a side effect. Disrupting was not the goal, it was just the side effect. Because the focus of the entrepreneur is on the people, the people that want it, the customer, the focus of the entrepreneur is on the horizon beyond. The wall man, that just gives me shivers. It's like, yeah, behind the wall. It's like as soon as you get somewhere, don't put a wall up. Let's go more. Let's go bigger. Let's figure this out. Let's see what could happen next beyond the wall. And that makes me think I should re-watch that kid's movie over the hedge. What? Hedge, what wall? It's why I can't stand the quote. You know, think outside the box because a true entrepreneur doesn't see a box. There is no box. Somebody had to say there was a box for there to be a box, but what if there was no damn box? So that's it. That's all I had today guys. I just wanted you to kind of see that I am on a daily basis, I think about what I think I know and try to understand and learn more. And back Last fall, episode number 90. I thought that disruption would be the better choice because I heard it from Howard s Schulz, and maybe he meant it through a different lens. I don't know. But now I think disruption is the byproduct. After, after listening to Jim. I think disruption is the byproduct and I think it's just at the end of the day fun to, fun to think all of these things and to see it and then to, you know, use that thought that you're maybe having right now and put it into perspective in our industry. How do the major brands, the major companies, from products to services, to software to contractors, how do they think. Right. How are they growing their business? And if you are one of them starting up, how can you position yourself with great technology, great people, a great innovation stack focused on what the customer wants and uh, yeah. That's what I have this week. Guys, thank you so much for listening. I appreciate all of you guys and uh, we'll catch you on the next episode. Happy sprinkling.

On this episode, we talk with Jim McKelvey, Co-Founder of Square, Founder of Invisibly, and Author of “The Innovation Stack.”Jim opens with the interesting story of why he started Square. He was originally a professional glass blower and he lost a sale because he couldn't accept American Express. He teamed up with Jack Dorsey, formerly of Twitter to start Square. Eventually, Amazon tried to copy Square, which is usually a fatal attack for any small business. Surprisingly, Amazon didn't manage to kill Square and the lessons Jim learned from the experience led to him writing his book, “The Innovation Stack.”He talks about his struggles with writing the book, including hiring and firing three different ghostwriters. He ended up writing every word himself, although it took several years to complete. We also talk about his new venture, Invisibly. An app that empowers users to take control of their personal information that gets sold to marketers; resulting in the elimination of paywalls, allowing users to enjoy premium content without ads. Ready to get started with Rebar?Head to rebartechnology.com or email info@rebartechnology.com to schedule a call today. #Saas #subscriptions #subscriptionbusiness #subscriptionservice

Jim McKelvey and Jack Dorsey created the payment tool Square to fix a problem small businesses had with credit card transactions. In the early days of Square, Amazon made a competing tool. For most small businesses, that usually means the beginning of the end. But not for Square. Jim and Jack did the unthinkable: they beat Amazon. Jim tells Nicole how they did it through what Jim calls Innovation Stack.  Find Jim's book The Innovation Stack here: https://www.jimmckelvey.com/books/ Learn more about your ad choices. Visit megaphone.fm/adchoices

収録日: 2022/10/30 The post 他人の書評で書評する『INNOVATION STACK』(Gota) first appeared on Concast.

 Más que un balance entre la vida profesional y la familiar, se trata de una integración que se va dando conforme a tus prioridades, según cuenta Carla Ávila, fundadora de Electa Capital Partners.Tema que tomó muy en serio cuando se tomó un sabático para acompañar a su hijo en su selectivo de deporte de alto rendimiento.De acuerdo con ella, ya sea que estés o no trabajando, es muy importante mantener una curiosidad profesional y seguir nutriendo tu círculo, además de aprovechar tu network para seguir creciendo.Pero considera muy importante el cuidarte y darte tiempos, si puedes de meses, pero aunque sea de minutos, utilizando la meditación, para poder valorar hacia dónde te quieres mover.También nos recuerda que en las inversiones a largo plazo, hay que confiar el proceso una vez que eliges invertir con convicción.De libros recomienda The Innovation Stack,  https://amzn.to/3XksQ00  un libro que habla sobre qué es lo que hace a una empresa de tecnología exitosa en temas generales, de las que destaca que el servicio al cliente es básico, en todos los sectores y posiciones.

In a search for business mentors, Square founder Jim McKelvey looked to the past, seeking insights from three companies you are sure to have heard of. In this episode, we touch on those three companies and leave you with some business thoughts that are perfectly applicable to your life. ... Get this book here: The Innovation Stack To inquire about assemblies and speaking: Speaking Form Learn more about Spaniard School online membership: Spaniard School Purchase all your books here: Spaniard Show Reading List Get my two books here: DRIVEN, Becoming the World's Toughest Lifelong Learner Connect on social media: Instagram: @charliespaniard YouTube: Charlie "The Spaniard" Brenneman Facebook: Charlie "The Spaniard" Brenneman Twitter: @charliespaniard

I can remember the first time I heard of Square, and I can remember receiving that little white square phone attachment. How was this free? I can just swipe someone's credit card and sell a shirt? It seemed too easy to be true, revolutionary. Author/founder Jim McKelvey (and eventual Twitter founder Jack Dorsey) set out to "square up" the credit card industry, and this is how they did it. ... Get this book here: The Innovation Stack To inquire about assemblies and speaking: Speaking Form Learn more about Spaniard School online membership: Spaniard School Purchase all your books here: Spaniard Show Reading List Get my two books here: DRIVEN, Becoming the World's Toughest Lifelong Learner Connect on social media: Instagram: @charliespaniard YouTube: Charlie "The Spaniard" Brenneman Facebook: Charlie "The Spaniard" Brenneman Twitter: @charliespaniard

There are two types of entrepreneurs: those who copy other people's businesses and those who create an entirely new market. When you disrupt an existing market, you run the risk of being lumped in with your competitors. For example, you can probably name five of your local coffee shops off the top of your head.  While some entrepreneurs thrive off of copying other business ideas, the most successful businesses are the ones who solve a problem that nobody else has solved. If your business idea is completely original, then whoever needs your product will come to you because nobody else is filling that hole in the market.  Over the years, Jim McKelvey has become an expert at building businesses that solve problems no one else is addressing. He has founded several groundbreaking businesses like Square and LaunchCode, both of which fill a hole in their respective markets.  In this episode of YAP Classic, Hala and Jim break down the two different types of entrepreneurs. Jim tells Hala about how he met Jack Dorsey, co-founder of Square and Twitter. They also talked about why money is a weak motivator in entrepreneurship and how Jim and Jack survived an attack from Amazon.  Topics Include: - The impact of his mother's suicide  - Jim's relationship with social media - ‘Don't do' list  - How does Jim define entrepreneurship?  - Pros of copying someone  - Our copy-centric world - Becoming aware of solvable problems - Why money is a weak motivator - How Jim met Jack Dorsey - Age bias - Starting Square  - The Innovation Stack  - Competing successfully against Amazon  - Writing The Innovation Stack  - And other topics… Jim McKelvey is a serial entrepreneur who co-founded Square. He also founded Invisbily, LaunchCode, and Third Degree Glass Factory. He still serves as the owner of all seven companies he started, but does not hold a leadership position at any of them. In 2017, he was appointed as an independent director of the Federal Reserve Bank of St. Louis.  He's the author of three books, the most popular being The Innovation Stack, an inside look into the world of entrepreneurship that details Square's battle with Amazon. He also wrote The Birth of Baking, a graphic novel about The Bank of America's conception, and The Art of Fire, a beginner's guide to glassblowing.  Sponsored By: The Jordan Harbinger Show - Check out jordanharbinger.com/start for some episode recommendations Indeed - Visit Indeed.com/YAP to start hiring now. Resources Mentioned: YAP episode #69: https://podcasts.apple.com/us/podcast/69-the-innovation-stack-with-jim-mckelvey/id1368888880?i=1000478091591  Jim's Book, The Innovation Stack: https://www.jimmckelvey.com/books/  Jim's Website: https://www.jimmckelvey.com/  Connect with Young and Profiting: Hala's LinkedIn: https://www.linkedin.com/in/htaha/     Hala's Instagram:https://www.instagram.com/yapwithhala/     Hala's Twitter: https://twitter.com/yapwithhala  Clubhouse: https://www.clubhouse.com/@halataha   Website: https://www.youngandprofiting.com/  Text Hala: https://youngandprofiting.co/TextHala or text “YAP” to 28046 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Jim McKelvey was about to sell a piece of his glass blowing which hadn't moved from the shelf in years if it weren't for the fact that smart phones couldn't accept credit cards. This was the crazy idea that lead to him to build Square in 2009. To Jim's wonder, Square triumphed over it's behemoth competitor, Amazon. Jim studied what Square had done differently. That's when he saw it. A strategy he now calls the Innovation Stack. Discover how to become competition-proof and build an unbeatable business. Subscribe for ad-free interviews and bonus episodes https://plus.acast.com/s/the-unmistakable-creative-podcast. Hosted on Acast. See acast.com/privacy for more information.

Jeff speaks to serial entrepreneur and tech legend Jim McKelvey about entrepreneurship, his founding of ‘Square,' and his fascinating new take on innovation that emerged from that experience. Jim shares this innovation theory in his book: “Innovation Stack: Building an Unbeatable Business One Crazy Idea at a time.” Jeff and Jim also talked about his new start up “Invisibly,” Jim's loyalty to St Louis, and what it's like to work with Jack Dorsey. A long-time entrepreneur, Jim explains how he built his first software company out of the proceeds of his glass-blowing business. Jim's Square story will have you on the edge of your seat! Square wasn't just a single innovation, but instead a creative new ‘Innovation Stack' comprised of 14 interlocking and interdependent breakthroughs. Jim touches on the importance of an emotional connection with a product and why it can make sense to spend $1 on the product and $2 on the box. Enjoy a discussion with one of the innovation legends of our time!

Today's guest is a NYT Bestselling Author, the Co-Founder of Square, the Chairman of the St Louis Federal Reserve, and a Professional Glass Blower. That's not all either. Jim McKelvey is one of the most purebred entrepreneurs we've ever met, and he's here to help us tell ourselves the truth about innovation, entrepreneurship, and how to stack your laptop on laundry baskets for a zoom call. What we discuss with Jim McKelvey:00:25 - Paul recounts how he was introduced to Jim's book, “The Innovation Stack,” and how it completely changed his perspective on entrepreneurship. Jim offers a realistic and hope filled look at entrepreneurship by creating a space where it's normal to fail often and learn from one's mistakes — a stark contrast to the beaming “checklist” culture that has been perpetuated online. 04:31 - Jim immediately disarms any nerves Paul, Kyle, and Michael might've had prior to the interview by joining from a remote cabin in Wisconsin. “Total disclosure, this is the bedroom ‘cuz it's the quietest room in the house and I've got my laptop stacked on laundry baskets.” 05:28 - Jim offers his thoughts about everything that's happening inside the retail automobile industry from his vantage point as an “outsider.”“It's really interesting. You've got some direct sales models that are breaking up dealerships, cars are lasting longer, so service is becoming a greater profit component than sales. The used car market is crazy. One of my friends runs Enterprise, so I get to hear about buying cars by the tens of thousands, and it's nuts!”08:40 - In addition to being the founder of Square, Jim is also involved deeply in the economist side of small businesses and the role they play in the economy. As the Chair of the St. Louis Federal Reserve, Jim has a unique vantage point into economic drivers and what possible impacts there may be across several industries, including automotive. He explains that automotive is a great leading indicator for the rest of the economy, albeit skewed by the last two years of the pandemic. “Does the chip shortage sort of mess up that indicator? If we could get the car, we'd buy the car, but we can't get the car so we're going to satisfy ourselves with something else.”11:54 - Is it even possible to create a predictable business formula when the last two years have provided a skewed outlook on the market? “It's driving predictable business people. Crazy. Like if you're used to following a formula and that formula's been working for 25 years, the last thing you want is what we've just lived through. And we're what we're gonna go live through. Like, it's, it's just so much change. And what I talk about a lot in the book is that there's this mindset of the entrepreneur and it's not something that's pleasant.”Listen to the full episode for more insights and context from our conversation with Jim McKelvey!⭐️ Love the podcast? Please leave us a review here — even one sentence helps! Consider including your LinkedIn or Instagram handle so we can thank you personally! We have a newsletter! ✉️ Sign up for our free and fun-to-read daily email for a quick shot of relevant news in automotive retail, media, and pop culture. 

Finding the perfect problem is like falling in love. You can't always choose the when or the what, but when it happens, you need to be ready to take action. In the second half of this two-part episode with Jim McKelvey, author of The Innovation Stack, we dive into the ways that finding your perfect problem parallels falling in love, and why having a lot of money doesn't solve all business problems; often it creates more. More About Jim: Jim McKelvey is a glassblower, father, entrepreneur, author, aviator, computer programmer, chairman of the St. Louis Federal Reserve, and inventor, and that is just scratching the surface. As for where to connect? As he puts it, “Please don't ask me to connect on Facebook, WhatsApp or Instagram. I'm not there. I've got better things to do. And frankly, so do you.”

How can you find — and attempt the great feat of solving — your perfect problem? That's what I'm talking about today with my guest, Square co-founder Jim McKelvey. His book, The Innovation Stack: Building an Unbeatable Business One Crazy Idea at a Time, is one of the funniest and most engaging business books I've read. We met at TED through our mutual friend Jon Levy, and had the great joy of recording together in person at a studio in midtown Manhattan. In the first half of this two-part episode, we delve into fending off an attack from “the perfect predator” of competition, Amazon. More About Jim: Jim McKelvey is a glassblower, father, entrepreneur, author, aviator, computer programmer, chairman of the St. Louis Federal Reserve, and inventor, and that is just scratching the surface. As for where to connect? As he puts it, “Please don't ask me to connect on Facebook, WhatsApp or Instagram. I'm not there. I've got better things to do. And frankly, so do you.” “People who want to build something new often feel they lack sufficient expertise. Their assertion is correct, but not complete. The same lack of expertise applies to everyone on the planet. Innovation has no experts.” —Jim McKelvey

When Jim McKelvey and Jack Dorsey were building Square, they were met with legal issues, major challenges from Amazon, and more. But necessity is the mother of innovation, and anger is the fuel that kept Jim going. Hear the lessons Jim and Jack learned and where Jim thinks the world of content is headed on this episode. Tune in to learn:How did Square beat Amazon? (2:00)How did Jim and Jack Dorsey build Square? (6:00)How do you create the idiot-proof inbox? (11:00)Is a newsfeed just a digital feedlot? (15:015)Can you incentivize good content and, as a result, save journalism? (20:00)How should we think about de-centralized systems and why is it good to have rules and regulations? (25:12)What's the first step to disruption? Anger (34:00)Up Next in Commerce is brought to you by Salesforce Commerce Cloud. Learn more at salesforce.com/commerceMission.org is a media studio producing content for world-class clients. Learn more at mission.org.

639: In this interview, Jim McKelvey, Co-Founder of Square and Founder of Invisibly, discusses the beginnings of his career and how his early experiences inspired the genesis of Square. He shares a couple key strategies that he pursued to compete with large players like Amazon and how this led to the concept of his book, The Innovation Stack: Building an Unbeatable Business One Crazy Idea at a Time. Finally, Jim gives an overview of Invisibly's business, gives his perspective on the problems with the business model of existing platforms, and looks ahead at what the future holds for the company.

639: In this interview, Jim McKelvey, Co-Founder of Square and Founder of Invisibly, discusses the beginnings of his career and how his early experiences inspired the genesis of Square. He shares a couple key strategies that he pursued to compete with large players like Amazon and how this led to the concept of his book, The Innovation Stack: Building an Unbeatable Business One Crazy Idea at a Time. Finally, Jim gives an overview of Invisibly's business, gives his perspective on the problems with the business model of existing platforms, and looks ahead at what the future holds for the company.

Jim McKelvey author of "The Innovation Stack" by The Best Business Minds

Changing a company or product name in a rebrand is a big decision. That's because renames are usually seen as a way to cement a changed identity. But what if we told you that names are only as valuable as what we build around them? We're exploring the concept through the recent Square-to-Block rename, and what to consider when putting a name to your own product.  Want to add your own take? Write a note or record a voice memo, and send it to erica.irish@innovatemap.com to join the conversation.  Follow us on LinkedIn and Twitter to see the latest in Better Product, a show part of the Better Product Community powered by Innovatemap. The community is the connection point for product leaders & practitioners to learn and share what it takes to design, build, market, and sell better products. Learn more at betterproduct.community.  Takeaways:  Names are significant, but what you build around them matters more.  It's the burden of brand & positioning to make a name mean something.  Big Tech names are trending towards generic words—but does that actually limit creativity for others?  Things To Listen For: [1:00] How Meghan & Christian got their own names  [2:30] A name change isn't just about a word; it's about an evolved identity [2:50] What really matters to a name is the strength of your brand & positioning  [3:00] Good names don't have to make sense, but they should be memorable... [4:00] …and what you do with your name usually matters more than the meaning [5:20] Introducing the Square story through a book, The Innovation Stack  [6:20] Why Square chose the new name Block [9:30] An established name should influence how you think about brand & product  [10:20] Why there's no “one way” to name your company  [11:00] It's the burden of brand & positioning to make names mean something  [11:15] Revisiting the Mailchimp & Surveymonkey rebrand  [14:00] Names don't always reflect the product—and that's OK  [15:00] Names tend to evolve with how they'll be used  [15:45] When it might be time for a company to consider a rename  [17:00] Understanding how names and renames can influence growth  [19:00] Are current trends in Big Tech names “land grabs”? 

We are firmly planted in the digital age. As such, the rules of competition are vastly different from just 20 years ago. Ram Charan joins Kevin to talk about the “new” rules of competition. He also encourages us to ask ourselves each morning how we can use our day and how we can make the people around us more successful. This episode was recorded during Virtual LeaderCon 2021. Key Points Ram discusses changes in the digital world. He runs through the rules of competition. A personalized consumer experience is key to exponential growth. Algorithms and data are essential weapons. A company does not compete. Its ecosystem does. Moneymaking is geared for huge cash generation, not earnings per share, and the new law of increasing returns. People, culture, and work design for a social engine that drives innovation and execution personalized for each customer. Leaders continuously learn, imagine, and break through obstacles to create the change that other companies must contend with. Advice for managers at any level. Meet Ram Name: Ram Charan His Story: Author Rethinking Competitive Advantage: New Rules for Success in the Digital Age in addition to more than 30 books. In his work with companies around the world, he is known for cutting through the complexity of running a business in today's fast changing environment to uncover the core business problem. Worth Mentioning: “Professor Charan has coached more than a dozen leaders who went on to become CEOs. He reaches many more up and coming business leaders through in-house executive education programs. His energetic, interactive teaching style has won him several awards, including the Bell Ringer award at GE's famous Crotonville Institute and best teacher award at Northwestern. Ram was elected a Distinguished Fellow of the National Academy of Human Resources and was named one of the most influential people in corporate governance and the board room by Directorship magazine. He has served on the Blue Ribbon Commission on Corporate Governance and serves or has served on a dozen boards in the US, Brazil, China, India, Canada, and Dubai.” This episode is brought to you by… The Daily Email, daily inspiration for leaders sent Monday-Friday every week. Kevin writes a short message to inform, inspire, engage, and focus you on becoming the best you and the best leader you can be. Book Recommendations Rethinking Competitive Advantage: New Rules for Success in the Digital Age by Ram Charan Related Podcast Episodes Turning Culture into Competitive Advantage with Jeff Grimshaw. The Innovation Stack with Jim McKelvey.

This weekend, Kyle finally caught up to Paul in reading 'The Innovation Stack' by Jim McKelvey. We look at how the insights of that book square up

So you invested in a business...but do you know who ACTUALLY owns that business? Do you know what the management is like and how that can drastically affect the success of your investment? For sports fans — especially racing fans — Formula One Racing (owned by Liberty Media Corporation) seems like an attractive stock to add to your portfolio, as it's one of the few opportunities to invest in sports. As Phil returns from the United States Grand Prix, he and Danielle reflect on the sport growing in popularity and discuss when to give stock, like Formula 1, the green light to drive into your portfolio. Phil and Danielle dive deep into the first step of the investing checklist to explain what the history of Formula One can teach you about investing and the importance of understanding the business behind your investment...before you actually buy. Download the easy-to-use checklist discussed in the episode and learn how to find the best companies for your portfolio: https://bit.ly/3mivmDe  Topics discussed in this podcast: Warren Buffett's investing strategies Value investing Real-life investing Investing in Trusted Management Formula 1 Stock Resources discussed in this podcast: The Innovation Stack by Jim McKelvey Bill Ackman's 8 Principles Phil's Go-To Investing Checklist Learn more about your ad choices. Visit megaphone.fm/adchoices

Barry O'Reilly's guest is Jim McKelvey, who has been everything from a glassblowing artist, to a founder of a multibillion-dollar organization. Just recently, he was appointed Chairman of the Federal Reserve Bank of St. Louis. Jim is the co-founder of Square, a leading financial services and digital payments company, and the author of The Innovation Stack: Building an Unbeatable Business One Crazy Idea at a Time, where he shares the story of building Square and his philosophy for building disruptive companies. His most recent startup, Invisibly, gives consumers control of how their personal data is monetized by advertisers. Jim treats listeners to some fun facts and tips he learned from his own journey in this week's episode.   Be Grumpy, Optimistic and Tenacious Innovation requires a “wonderful blend of grumpiness and optimism”, as well as a healthy dose of tenacity, Jim argues. Grumpiness makes you upset about a problem, and optimism inspires you to come up with a solution. Tenacity keeps you going through the tough times. “A lot of the companies that are now household names ... began with a founder who just found themselves in a really unpleasant situation and didn't quit,” Jim says. The mix of work ethic and stubbornness is often the secret sauce to your ultimate breakthrough. The most successful founders are just regular people; you just need the right tools, which Jim describes in his book. [Listen from 2:10]    Entertain Them Barry loves The Innovation Stack for its amusing anecdotes and contrary approaches, one of his favorites being Jim's approach to pitching investors. “People get pitching wrong,” Jim explains. “People spend a lot of time pitching as if they are trying to sell somebody something. I pitch as if I'm trying to entertain and invite them to partner with me, and it's a subtle difference.” It's your duty to entertain your listeners, he argues, especially if you want them to listen to you for more than 30 seconds. [Listen from 8:55]   Make it an Experience Your product or service should be an unforgettable experience for your customers, one they want to revisit. Jim describes thinking through the design of a new drinking glass that will invoke the users' senses and help them see the world in a new way. These types of hidden experiences are key. “What I noticed was that immediately after an experience like that, you have this window of attention that may last 2 seconds or 5 seconds or 20 seconds,” Jim tells Barry. [Listen from 14:15]   Make Space in Your Head What used to work well before may stop working, and you have to be flexible enough to unlearn. “If you stick too rigidly to what has worked, you'll find that you end up one of these fossils who is so out of step with what's working that you no longer have any success,” Jim warns. “To me, unlearning is a Marie Kondo approach to your brain.” You have to get rid of the stuff that no longer works, to make space in your head for new ideas and approaches. This is a continuous process. [Listen from 20:40]   Looking Ahead Jim is excited about his new position as Chairman of the Federal Reserve Bank of St. Louis. He is responsible for ensuring that the right information gets to the people who need it, he says. “But it's also about gathering economic data and then going to Washington a couple times a year to make decisions on how that data gets used.” The main focus is to bring the economy back to health post-pandemic. “The key unlearning there is to just continually recognize that you don't get to copy the solution from some previous crisis because we haven't had one like this,” he tells Barry, “so just keep your mind open and be willing to listen to the person who proposes something that sounds radical, but in fact might actually be the solution.” [Listen from 26:35]   Read full show notes at BarryO'Reilly.com Resources Jim McKelvey Website | LinkedIn | Twitter | Instagram The Innovation Stack: Building an Unbeatable Business One Crazy Idea at a Time  

Many people think it's too late to start an Internet business, or it's too late to start a new billion dollar industry. The Innovation Stack is a guide towards not only the growth every business experiences as they deal with obstacles but also how to think about disruption. There are always new billion dollar businesses to start in every industry. There are always entrenched industries to disrupt. Jim McKelvey and Square did both. The Innovation Stack is a methodology and map towards navigating the constantly changing terrain of American entrepreneurship. In this SXSW Session, McKelvey and podcaster/entrepreneur James Altucher examine what it takes to navigate the constantly changing terrain of American entrepreneurship, learn to mitigate the risks, create new ideas, and new billion dollar businesses. It's about the DNA of innovation, and the tools for anyone to succeed.

We had never met a billionaire before and were curious to know what a day in the life was like! While we certainly had a lot of fun asking this question, Jim ALSO gave such great insight about entrepreneurship as we asked many questions about his book, The Innovation Stack: Building an Unbeatable Business One Crazy Idea at a Time. Jim's hope in writing the book was to empower everyday people to address some of our world's toughest problems through changing how we think about new ideas.This interview is such a treat, and we think you're really going to enjoy it! And, for what it's worth, Jim doesn't sound like a stereotypical billionaire, so we'll still have to find another someday for different awkward questions!*******Jim McKelvey is a serial entrepreneur, inventor, philanthropist, artist, and author of The Innovation Stack: Building an Unbeatable Business One Crazy Idea at a Time. He is the cofounder of Square, and served as the chairman of its board until 2010, and still serves on the Board of Directors. In 2011, his iconic card reader design was inducted into the Museum of Modern Art. McKelvey founded Invisibly, an ambitious project to rewire the economics of online content, in 2016. He is a Deputy Chair of the St. Louis Federal Reserve.jimmckelvey.com*******The Third Place Podcast is a weekly podcast that invites listeners into the hard conversations that we have a tendency to avoid.We “go there” on things such as…How anger is beautifulHow to find presence amidst chaosHow to have difficult conversationsHow to be an allyHow to live with griefThe Third Place is a safe place where curiosity is encouraged, differences are welcomed, and empathy is embraced through healthy dialogue.We've forgotten how to talk to each other… Life has become polarized and dualistic - you're either with me or against me. To embrace the complex human experience is to see the world through other's eyes. The Third Place podcast helps with the disconnect. This looks like less conflict and tension and more like a peaceful existence with others. The Third Place podcast restores the art of dialogue.For additional resources and if you're interested in supporting the work of The Third Place Podcast, check out our Patreon page.Support this podcast at — https://redcircle.com/the-third-place/donations

On this episode of #ThePlaybook, Jim McKelvey, Co-Founder of Square, Founder of Invisibly, and author of “The Innovation Stack”, shares his thoughts on: [1:45] - How entrepreneurs can leverage people's tendency to overemphasize the past and underweight the future [4:32] - Why explaining the problems with your solution to potential customers can lead to even higher sales [6:58] - Why you should choose to innovate and never spend your life copying other people's solutions [9:25] - The reason that ignorance can be just as useful for innovators as their own self-belief Learn more about your ad choices. Visit podcastchoices.com/adchoices

When Jim McKelvey invented the Square card reader with Twitter Founder Jack Dorsey, he had no idea he was headed into a David vs. Goliath battle with Amazon that he would ultimately win! On this episode, you will hear what drove Jim to make payment simpler, how he and the team conquered competition, and what he's up to next. After listening to the podcast, you can read more in Jim's new book, The Innovation Stack. Grey Interviewer: Kenny Gold, Executive Director, Social

In an unprecedented moment in Clarity Compressed history, we have a second consecutive episode about…a book. This week's book, The Innovation Stack by Square Co-founder Jim McKelvey. If you are a Creative, an Entrepreneur, or BOTH, I couldn't recommend this more. I share my takeaways and mostly, the encouragement to my fellow entrepreneurs and creators that the AUDACITY to do something new and release it into the world is a brave thing indeed. Keep doing it! Audacity takes CLARITY. Pursue both. Paul. . .pauljdaly.comConnect with Paul J Daly on LinkedInFollow along on InstagramFollow Paul J Daly on TwitterLike Paul J Daly on Facebook

In this episode we interview Jim McKelvey, Co-Founder of Square and Author of The Innovation Stack. We dive into how you can utilize innovation to build an unbeatable business one crazy idea at a time.Jim McKelvey is a serial entrepreneur, inventor, philanthropist, artist, and author of The Innovation Stack: Building an Unbeatable Business One Crazy Idea at a Time. He is the cofounder of Square, and served as the chairman of its board until 2010, and still serves on the Board of Directors. In 2011, his iconic card reader design was inducted into the Museum of Modern Art. McKelvey founded Invisibly, an ambitious project to rewire the economics of online content, in 2016. He is a Deputy Chair of the St. Louis Federal Reserve. Find out more here: https://www.jimmckelvey.com/

Good morning everyone! Welcome back to the podcast. I'm your host, Dean Booty. Today is Saturday, the 5th of June. Today we have a book review called "The Innovation Stack" by Jim McKelvey. The Innovation Stack is a thrilling business narrative that's much bigger than the story of Square. It is an irreverent first-person look inside the world of entrepreneurship, and a call to action for all of us to find the entrepreneur within ourselves and identify and fix unsolved problems--one crazy idea at a time. Listen on Spotify: https://spoti.fi/2VkXGHq Listen on Apple Podcast: https://apple.co/39TYebQ Motivated Entrepreneurs Website: https://motivatedentrepreneurs.co.uk/ Please Like, Share, and Subscribe to Motivated Entrepreneurs Youtube Channel: https://bit.ly/3eA64u5   Please give it a listen, Dean

Good morning everyone! Welcome back to Hacking Self Storage podcast. I'm your host, Dean Booty. Today we have a combined episode with the Motivated Entrepreneurs podcast. And today we have a book review called "The Innovation Stack" by Jim McKelvey. The Innovation Stack is a thrilling business narrative that's much bigger than the story of Square. It is an irreverent first-person look inside the world of entrepreneurship, and a call to action for all of us to find the entrepreneur within ourselves and identify and fix unsolved problems--one crazy idea at a time. Please give it a listen. Thanks to our Sponsors! StorageBox Marketing Website: http://storageboxmarketing.com/ StorageBox Marketing Email: kerry@storageboxmarketing.com StorageBox Marketing Contact: http://storageboxmarketing.com/contact-us/   Janus International Europe Ltd Website: www.janusintl.co.uk Janus International Europe Ltd Email: sales@januseurope.com Janus International Europe Ltd Contact: 020 8744944   Willbox Website: http://willbox.co.uk Willbox Email: selfstorage@willbox.co.uk Willbox Contact: 0800 023 5060   Hacking Self Storage Website: https://hackingselfstorage.co.uk/ Hacking Self Storage on Spotify: https://open.spotify.com/show/2eb1gpBCts2RRFFUl2k9OS Hacking Self Storage on Apple Podcast: https://podcasts.apple.com/gb/podcast/hacking-self-storage/id1481445995

How do new ideas come about? Cyril Bouquet is the co-author of ALIEN THINKING: The Unconventional Path to Breakthrough Ideas. Although new, innovative ideas seem to appear magically, they take time to emerge, mature and become successful. Cyril and his co-authors studied professions of people who challenge existing paradigms (inventors, artists, scientists). They found these folks use five patterns of thinking that distinguish them from the rest of us. These patterns -Attention, Levitation, Imagination, Experimentation, and Navigation- can help innovative thinking and problem-solving. He also says the navigation piece can be the most difficult because this is where the “rubber meets the road” and often where we face the most resistance. This episode is brought to you by… 13 Days to Remarkable Leadership, a free leadership video series based on Kevin's book, Remarkable Leadership. Additional Leadership Resources Book Recommendations: ALIEN Thinking: The Unconventional Path to Breakthrough Ideas by Cyril Bouquet, Jean-Louis Barsoux, Michael Wade Changing Places: A Tale of Two Campuses by David Lodge The Little Prince by Antoine de Saint-Exupéry (Author), Richard Howard (Translator) Connect with Cyril Bouquet: Website | Twitter | LinkedIn Related Podcast Episodes: Business Experimentation an Innovation with Stefan Thomke. The Innovation Stack with Jim McKelvey. Innovation is Everybody's Business with Tamara Ghandour. Making Creativity an Everyday Habit with Scott Anthony. Follow the Podcast Don't miss an episode! Follow this podcast through the options below. iTunes Stitcher TuneIn Soundcloud RSS Or your favorite podcast app. Join Our Facebook Group Join our Facebook community to network with like-minded leaders, ask us questions, suggest guests and more. We welcome your wealth of experience and hope you will join us in sharing it with others on their leadership journey. You can join the group here: facebook.com/groups/RemarkableLeadershipPodcast/

Thank you for taking our quick and painless listener survey at friend.nicepodcast.co.  Arnie Malham is an entrepreneur, proud parent, culture consultant, and the founder and president of BetterBookClub.com. He is also the author of Worth Doing Wrong - Build a Culture that Rocks. The Innovation Stack book Greenlights audiobook.  Walk in the Woods book. How to retain what you read.  We learn the most when we teach. Ryan Holiday’s notecard method (VIDEO).   The value of pattern recognition. How to group ideas and outline a book. Better Book Club. Camel Culture at CJ Advertising.  How leaders can attract and retain talent. Send a morale survey. Leaders need to take ownership of issues with culture.  Jack Daly is a hero of Arnie’s. He speaks about how you can smell the culture. Onboarding new employees. Who are your ‘But, not, for’ people? Book recommendation “Love is Free. Guac is Extra” by Monty Moran. Theme song is “Little Jane May” and the end song is “Funny Feeling” by AlistairChristl.ca Get your free copy of Improve with Improv by subscribing to the Nice Maker Newsletter at nicemaker.co     ❤️  Friends of the Nice Podcast visit friend.nicepodcast.co

Not many start-ups can survive a direct attack from Amazon. So, when digital payment services company, Square, came up against the retail giant and won, it set Jim McKelvey on a mission to find out why. In this episode, Jim reveals the part innovation has to play in survival, the two classes of innovation and why they’re important, and how crises accelerate transformative change. Press play to hear Jim McKelvey's thoughts on... The “Hero” Myth “The people that I studied are not heroes. They are people who for one reason or another ended up in these weird situations where they had to become adventurers. They had to learn how to survive in the jungle. And learning that survival skill set is something that we're all capable of.” Survival and Innovation “Occasionally somebody gets dropped in the jungle. For some reason or another, they get put in a very hostile environment and then just don't die. And the process of not dying is what I study in the book. And it turns out to have this repeatable path. And that's what I call an innovation stack.” The Role of Disruption in Innovation “Throughout history, there were these companies who not only survived existential threat, but they then grew up later to become the biggest in their business. The biggest bank in the world, the biggest furniture company in the world, the biggest airline in the United States, the biggest frozen foods company in the world, the biggest automaker.”

Build an unbeatable business, one crazy idea at a time. The post Building An Innovation Stack (with Jim McKelvey) appeared first on Accidental Creative.

Imagine sitting in a cab in New Orleans as the driver pulls out a small device, hooks it up to his phone, and begins raving about how excited he is to be able to take credit cards for the first time. Now, imagine that you are the co-founder of the company that made it possible. Jim McKelvey is the co-founder of Square, a company that has opened a door for small businesses to take credit cards simply and securely. He’s also the author of a new book called The Innovation Stack in which he shares the core principles by which effective companies develop products that resonate deeply in the marketplace. In this interview, we discuss the founding of Square, that an innovation stack is and why it’s important, and what he’s learned from companies such as Southwest Airlines and IKEA about gaining a footing in a crowded marketplace. AC Premium subscribers: stick around at the end, where I’ll share my personal takeaways from the interview.

Jim McKelvey is the Co-Founder of Square and Author of The Innovation Stack: Building an Unbeatable Business One Crazy Idea at a Time. Jim had the idea to start Square when he couldn't take a customer's credit card at his glassblowing studio. Square would go on to survive a major challenge from Amazon due to its Innovation Stack. “If you put yourself in a situation where the only solution is to create something new, then you need to understand that the process of innovation is different.” An Innovation Stack is a series of interlocking inventions. While individual elements cannot be viewed individually, the entire Stack fails if one block is missing. We are surrounded by hundreds of examples, but we don't consider them innovative because they serve as the basis for entire industries. ————————————————————————— To learn more about this episode, including podcast transcripts and show notes, visit *salt.org/talks* ( http://salt.org/talks ) Moderated by Anthony Scaramucci.

In 2009, a St. Louis glassblowing artist and recovering computer scientist named Jim McKelvey lost a sale because he couldn't accept American Express cards. Frustrated by the high costs and difficulty of accepting credit card payments, McKelvey joined his friend Jack Dorsey (the cofounder of Twitter) to launch Square, a startup that would enable small merchants to accept credit card payments on their mobile phones. After finding out that major credit card companies were profiting off small businesses at a rate of forty-five times higher than big billion-dollar corporations, McKelvey realized that his problem was a big issue for a lot of people, and a good reason to start a company. In this episode, Jim McKelvey recounts the startup's against-the-odds survival of a direct attack from the most dangerous company on the planet—Amazon — and reveals the business strategy that made Square impenetrable: —what he calls the Innovation Stack. Drawing on his firsthand experience as the cofounder of Square, McKelvey shares how they approached the problem of credit cards with a new perspective, questioning the industry's assumptions, experimenting and innovating their way through early challenges, and ultimately achieving widespread adoption from merchants small and large—with no expertise in the world of payments. Check out Jim's new book “THE INNOVATION STACK: Building an Unbeatable Business One Crazy Idea at a Time” here: https://www.jimmckelvey.com/books/

Why do existing organizations with resources find themselves irrelevant (or no longer in existence), whether through new technology, changes in demographics, competition? Chances are they did not plan for the disruption, which can come from any direction or place, especially where we least expect it. Sameer Hasija is co-author of The Phoenix Encounter Method: Lead Like Your Business Is On Fire. Just like the mythical phoenix that is born again from the ashes, this method requires you to think of your business truly being disrupted (burning to the ground) so you can build it again. Shifting your mindset to create a burning platform, allows you to build a playbook to defend against the attacks (in whatever form they take). This is an on-going process and can take your organization to the next level. This episode is brought to you by… From Manager to Remarkable Leader, Kevin's Flagship workshop based on his proven leadership model. Additional Leadership Resources Book Recommendations: The Phoenix Encounter Method: Lead Like Your Business Is on Fire! by Ian Woodward, V. “Paddy” Padmanabhan, Sameer Hasija, and Ram Charan The Goal: A Process of Ongoing Improvement by Eliyahu M. Goldratt The Dragons and the Snakes: How the Rest Learned to Fight the West by David Kilcullen Connect with Sameer Hasija: Book Website | Author's Website Related Podcast Episodes: Leadership Productivity Principles with Maura Thomas. The Innovation Stack with Jim McKelvey. Lead with Speed with Alan Willett. The Innovation Delusion with Lee Vinsel and Andy Russell. Subscribe to the Podcast Don't miss an episode! Subscribe to this podcast through the options below. iTunes Stitcher TuneIn Soundcloud RSS Or your favorite podcast app. Join Our Facebook Group Join our Facebook community to network with like-minded leaders, ask us questions, suggest guests and more. We welcome your wealth of experience and hope you will join us in sharing it with others on their leadership journey. You can join the group here: facebook.com/groups/RemarkableLeadershipPodcast/

Follow The Takeoff: https://thetakeoff.substack.com/ https://twitter.com/_TheTakeoff Welcome back for a new episode of The Takeoff Podcast! This is our first-ever podcast collab. Who'd we collab with? The Seed -- The Startup Journey, a podcast hosted by fellow WashU undergrad Rick Liu. Let's get into the episode itself… Today's episode is with WashU alum, billionaire philanthropist, and author of The Innovation Stack, Jim McKelvey. Jim is best known for being the co-founder of Square, which he co-founded with Jack Dorsey in 2009. Moderator: Roshan and Rick (The Seed) In today's episode, Roshan, Rick (The Seed), and Jim discuss: How Square survived against Amazon (quick note: if you're a truly innovative company, Jim suggests it may actually make sense to “ignore your competition”) What it means to be an entrepreneur, versus a businessperson Jim's new book, The Innovation Stack The most important skills for founders Jim's passion for Glassblowing And, much more. This was an incredibly special episode for us given Jim's connection to WashU. We hope you enjoy the listen and, as always, be sure to follow us on Twitter and subscribe to our Substack newsletter to have all future content sent directly to your inbox. Items mentioned in today's episode: Jim's book, The Innovation Stack Rick's podcast, The Seed -- The Startup Journey Square Amazon Jim's favorite book: Satan: His Psychotherapy and Cure by the Unfortunate Dr. Kassler, J.S.P.S.

On episode 9 of the Founders Forward Podcast we welcome Jim McKelvey, Co-Founder of Square. The now publicly traded company with a $100B+ market cap has humble beginnings dating back to Jim and his time in a glass studio. Jim recently published his book, The Innovation Stack: Building an Unbeatable Business One Crazy Idea at a Time, that studies how Square managed to thrive and beat Amazon and draws on similar stories from companies like Southwest and Ikea. 

Innovation and creativity never go out of style. However, sometimes we find ourselves in institutionalized inertia. Our creative side is stifled because of the systems, structures, and processes in place. Scott Anthony says these are things that help today and make it hard to change for tomorrow. Scott is the co-author of Eat, Sleep, Innovate: How to Make Creativity an Everyday Habit in Your Organizations, and shares with Kevin that we need balance; we need a dual transformation. Innovation is something different that creates value, and no innovation story is a straight line. Leaders need to encourage and celebrate the challenges along the way. Further, the need to create an environment that is tolerable of new behavior and trust your team wants to do it and is capable of innovation. This episode is brought to you by… 13 Days to Remarkable Leadership, a free leadership video series based on Kevin's book, Remarkable Leadership. Additional Leadership Resources Book Recommendations: Eat, Sleep, Innovate: How to Make Creativity an Everyday Habit Inside Your Organization by Scott D. Anthony, Paul Cobban, Natalie Painchaud, Andy Parker Calling Bullshit: The Art of Skepticism in a Data-Driven World by Carl T. Bergstrom, Jevin D. West by Charlotte Foltz Jones (Author), John O'Brien (Illustrator) Connect with Scott Anthony: Book Website | Learn more about Scott Anthony | LinkedIn | Twitter Related Podcast Episodes: The Creative Curve with Allen Gannett. The Innovation Stack with Jim McKelvey. Humanocracy with Gary Hamel. The Innovation Delusion with Lee Vinsel and Andy Russell. Subscribe to the Podcast Don't miss an episode! Subscribe to this podcast through the options below. iTunes Stitcher TuneIn Soundcloud RSS Or your favorite podcast app. Join Our Facebook Group Join our Facebook community to network with like-minded leaders, ask us questions, suggest guests and more. We welcome your wealth of experience and hope you will join us in sharing it with others on their leadership journey. You can join the group here: facebook.com/groups/RemarkableLeadershipPodcast/

Do you have a crystal ball to show you the future? I'm going to guess the answer is no. Yet, according to Margaret Heffernan, we think the future is hiding just behind the curtain, like in the Wizard of Oz. However, if you peek, there is nothing behind the curtain. The future is unknowable. Margaret is the author of Uncharted – How to Navigate the Future. Given that we can't know what is going to happen, she and Kevin discuss how we can be open to the fact we cannot predict the future. Data can only take us so far, and that is not who we are. Goals can be good, and we need to be careful not to turn them into a step by step process, which can narrow our focus. We can use goals to make us more observant and look for the opportunities to give us the future we want. This episode is brought to you by… From Manager to Remarkable Leader, Kevin's Flagship workshop based on his proven leadership model. Additional Leadership Resources Book Recommendations: Uncharted: How to Navigate the Future by Margaret Heffernan Learning from the Germans: Race and the Memory of Evil by Susan Neiman Connect with Margaret Heffernan: Website | Twitter Related Podcast Episodes: Creating Radical Outcomes with Juliana Stancampiano. Cracking Complexity with David Benjamin. LAgility with Leo Tilman and General Charles Jacoby. The Innovation Stack with Jim McKelvey. Subscribe to the Podcast Don't miss an episode! Subscribe to this podcast through the options below. iTunes Stitcher TuneIn Soundcloud RSS Or your favorite podcast app. Join Our Facebook Group Join our Facebook community to network with like-minded leaders, ask us questions, suggest guests and more. We welcome your wealth of experience and hope you will join us in sharing it with others on their leadership journey. You can join the group here: facebook.com/groups/RemarkableLeadershipPodcast/

Speakers: Jim McKelvey, Co-Founder, Square Stuart Cook, Chief Digital Product Officer, Valley Bank --- Send in a voice message: https://anchor.fm/techunited/message

Do you set aside the time and energy for innovation? Do you set aside the same time and energy for maintaining? Kevin sits down with Lee Vinsel and Andy Russell, authors of The Innovation Delusion: How our Obsession With the New Has Disrupted the Work that Matters Most. Vinsel and Russell are not opposed to creating and new things; however, they believe we have put too much faith in innovation to cure our problems. Therefore, we tend to neglect what is already there and create a society out of balance. A moment of innovation is just that, a moment in time. We need cognitive space to think about maintenance. Maintenance makes up a large part of human activity, yet we ignore it or even look down on the people who do that work (right now, we are calling those folks “essential workers). Leaders need to recognize that maintenance sustains success, maintenance depends on the culture, and maintenance requires constant care. For these things to happen, we may need creativity and innovation. This episode is brought to you by… 13 Days to Remarkable Leadership, a free leadership video series based on Kevin's book, Remarkable Leadership. Additional Leadership Resources Book Recommendations: The Innovation Delusion: How Our Obsession with the New Has Disrupted the Work That Matters Most by Lee Vinsel and Andrew Russell Several Short Sentences About Writing by Verlyn Klinkenborg Connect with Lee and Andrew: Website | Lee's Website | Andrew's Website | Andrew's LinkedIn | Facebook page Related Podcast Episodes: The Creative Curve with Allen Gannett. Business Experimentation and Innovation with Stefan Thomke. The Innovation Stack with Jim McKelvey. Subscribe to the Podcast Don't miss an episode! Subscribe to this podcast through the options below. iTunes Stitcher TuneIn Soundcloud RSS Or your favorite podcast app. Join Our Facebook Group Join our Facebook community to network with like-minded leaders, ask us questions, suggest guests and more. We welcome your wealth of experience and hope you will join us in sharing it with others on their leadership journey. You can join the group here: facebook.com/groups/RemarkableLeadershipPodcast/  

When you learn “how” to do something you move on to the next “how,” but ”when” is the perfect time to take that leap? Today we're riffing out of  the co-founder of Square (the little card reader that swipe's your credit card on a mobile device) Jim McKelvey's great book “The Innovation Stack.” If you've found yourself stalling, waiting for the time to be just right remember this...”Right feels early.” _____________________________________What did you think about today's episode? Text me @ 337-565-0906Show your ❤️ by sharing today's episode  with someone who needs it.

The Innovation Stack is an irreverent first-person look inside the world of entrepreneurship, and an inspiring business narrative that's much bigger than the story of Square.

Jim McKelvey, Square Co-Founder, Author of "The Innovation Stack," and St. Louis Federal Reserve Deputy Chair, discusses how much regulation Congress should wield over large tech companies. Jill Carey Hall, BofA Securities U.S. Equity Strategist, says she is cautious on the upside of U.S. markets because there could be payback risk from stimulus measures. Priya Misra, TD Securities Global Head of Rates Strategy, says the recent dollar weakness has been a result of the market listening to the Fed. Dennis Gartman, Retired Editor of The Gartman Letter, says gold has become a little too crowded. Al Broaddus, Former Richmond Fed President, weighs in on Fed policy as Congress works on fiscal aid. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

How fast are you going? How fast should you be going? Do you even know where you are going? Kevin is joined by Alan Willett, author of Lead with Speed: Fire Up Your Team, Power Your Engines of Development, and Make Your Organization Soar. Many organizations would say they need to be faster, whether that's features added, products to market, or customer response. Alan suggests our speed needs to be relevant to the value. You can go as fast as you want, yet if you aren't accomplishing your goals or are just fixing problems, are you moving forward? Sometimes it's not about working harder/faster, it's about doing something different. This episode is brought to you by... From Manager to Remarkable Leader, Kevin's Flagship workshop based on his proven leadership model. Additional Leadership Resources Book Recommendations: Lead with Speed: Fire Up Your Team, Power Your Engines of Development, and Make Your Organization Soar by Alan Willett Columbus Day (Expeditionary Force) Book 1 in the Series by Craig Alanson Black Box Thinking: Why Most People Never Learn from Their Mistakes - But Some Do by Matthew Syed Connect with Alan Willett: Website | LinkedIn | Twitter Related Podcast Episodes: Change Starts Within You with Cortney McDermott. Leading Clarity with Brad Deutser. Agility with Leo Tilman and General Charles Jacoby. The Innovation Stack with Jim McKelvey. Subscribe to the Podcast Don't miss an episode! Subscribe to this podcast through the options below. iTunes Stitcher TuneIn Soundcloud RSS Or your favorite podcast app.

Do you have a Day One or Day Two mentality and why does it matter? Alex Kantrowitz sits down with Kevin to talk about mindset and culture. Alex is a senior technology reporter at BuzzFeed News and author of Always Day One. Alex interviewed more than 130 tech insiders from hourly workers to executives to share how the “Tech Titans Plan to Stay on Top.” However, the lessons learned don't just apply to Silicon Valley. To become stronger and more successful leaders must continue to look at their business. They recognize change is constant and a Day One mindset will get you to your future state. This episode is brought to you by... From Manager to Remarkable Leader, Kevin's Flagship workshop based on his proven leadership model. Additional Leadership Resources Book Recommendations: Always Day One: How the Tech Titans Plan to Stay on Top Forever by Alex Kantrowitz The Emperor of All Maladies: A Biography of Cancer by Siddhartha Mukherjee Connect with Alex Kantrowitz: Website | Twitter Related Podcast Episodes: Connecting Your Company Culture with Your Brand with Denise Lee Yohn. The Power of Corporate Culture with Chris Dyer. How to Think Like Amazon with John Rossman. Turning Culture into Competitive Advantage with Jeff Grimshaw. The Innovation Stack with Jim McKelvey.

Are you innovative or do you leave that to other people? Tamara Ghandour discovered that innovation was something we all can do. Further, it's not if we innovate, but how we innovate (we are all unique). Tamara created The Innovation Quotient Edge (IQE) (available on her website), which reveals your unique Everyday Innovator style and offers insight into how you bring your best self in everything you do. She is also the author of Innovation is Everybody's Business: How to Ignite, Scale, & Sustain Innovation for Competitive Edge. Kevin and Tamara discuss different aspects of innovation, including human-centered vs. process centered innovation and whether you want to be better or different. They touch on why we struggle to see ourselves as innovators and how to build a team of innovators who make an impact. In this episode, Tamara shares: Science and style to innovation. Triggers of innovation. How leaders create innovation. The importance of the open loop. This episode is brought to you by... Unleashing Your Remarkable Potential, Kevin's free weekly e-newsletter. It's full of articles and resources to help you become a more confident and successful leader. Additional Leadership Resources Book Recommendations: Innovation is Everybody's Business: How to Ignite, Scale, and Sustain Innovation for Competitive Edge by Tamara Ghandour Already Free: Buddhism Meets Psychotherapy on the Path of Liberation by Bruce Tift Connect with Tamara Ghandour: Website | LinkedIn | Twitter | Facebook Related Podcast Episodes: Innovating Experiences at Work with Karen Jaw-Madson. Leading Through Disruption with Tony Hunter. Business Experimentation and Innovation with Stefan Thomke. The Innovation Stack with Jim McKelvey.

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Innovation Stack แรกๆของโลกใบนี้

สร้างนวัตกรรมจากลูกค้าอย่างแท้จริง ต้องคิดยังไง

As a leader of a team, you will most likely be asked to solve a problem. Thomas Wedell-Wedellsborg found that we often move into solution mode before thinking about whether we are solving the right problem. He and Kevin sit down to talk about problem-solving and more specifically about reframing the problem. During research for his latest book, What's Your Problem?, Thomas found that 85% of companies said they often struggle to solve the right problems. As a leader, you don't have weeks or even days to resolve issues, and we need to be quicker solving the right problem first. Thomas shares examples and tips to help master the skill of reframing because to solve some of your toughest problems, you need to change the problem you solve. In this episode, Thomas discusses 1. The importance of reframing. 2. Ways to reframe. 3. Role of team members in reframing. This episode is brought to you by... 13 Days to Remarkable Leadership, a free leadership video series based on Kevin's book, Remarkable Leadership. Learn more at RemarkablePodcast.com/13days. Additional Leadership Resources Book Recommendations: What's Your Problem?: To Solve Your Toughest Problems, Change the Problems You Solve by Thomas Wedell-Wedellsborg Upstream: The Quest to Solve Problems Before They Happen by Dan Heath Think Like a Rocket Scientist: Simple Strategies You Can Use to Make Giant Leaps in Work and Life by Ozan Varol Invisible Solutions: 25 Lenses that Reframe and Help Solve Difficult Business Problems by Stephen M. Shapiro The Age of Living Machines: How Biology Will Build the Next Technology Revolution by Susan Hockfield Connect with Thomas Wedell-Wedellsborg: Website | Book Site Related Podcast Episodes: Leadership Productivity Principles with Maura Thomas. Delivering Innovative Service with Chip Bell. Thinking in New Ways About Important Things with David Burkus. The Innovation Stack with Jim McKelvey.

Jim McKelvey cofounded Square and was chairman of its board until 2010. His book, The Innovation Stack, is an irreverent first-person look at entrepreneurship and how great companies build a cascade of interlocking solutions that create a massive advantage.

Julie Guinn combines design, research, strategy, and systems thinking to help teams build innovation capabilities, solve complex business challenges and deliver delightful, intuitive product experiences. We discuss systems awareness, leading design work inside complex systems, and ways to pull system awareness and system design into your innovation efforts. Show host: Dawan Stanford. Show Summary Julie defines the differences between systems and complex adaptive systems, and how the many elements that are highly interconnected in complex adaptive systems create complexity and how that impacts the way you approach the design process. She talks about her first foray into designing for healthcare, and how she quickly discovered that none of the typical tools in a design thinker's toolkit were working. Her discovering  Designing for Care by Peter Jones started her on the path of learning about systems and system-centered design, which led to a whole new skillset and toolbox of methods specifically geared towards designing systems and designing inside systems.  She discusses the unique challenges of designing for systems and how multiple phases and iterations are key when implementing change in complex adaptive systems. She also talks about some clients that were more challenging when it came to design implementation, and how some companies weren't ready for design, and what she did to overcome these challenges. Julie talks about how to be intentional when building a plan for convening and facilitating systems design experiences, and why you should think differently when you plan projects, especially when considering how much time each step will take. Listen in to learn: Differences between systems and complex adaptive systems Critical parts of complex adaptive systems and the elements they encompass Mapping systems and how you can use mapping systems in design Types of considerations to think about when designing for healthcare systems When you need a system-centered practice as opposed to a design-centered practice Ways to address obstacles in client work Timescale and system change with placing new interventions in place Why you should break optimized systems around your target outcomes What can you do if you find yourself in a much more complicated system than you anticipated? Our Guest's Bio Julie Guinn is a User Experience Research Principal at Dell Boomi, where she focuses on understanding complex enterprise data ecosystems. She has 20 years of experience leading human-centered design and research in technology and healthcare organizations, including Microsoft, Intuit, the University of Pennsylvania Medical System, and Elsevier. Her collaborative, human-centered approach is founded on a passion for understanding human behavior and a deep belief in the transformative power of design.  Julie's first experience with design came from watching a PBS Nova episode on the development of new snack foods when she was a teenager. Watching the research team ask consumers questions about snacks hooked her interest. She holds a Master's degree in Human-Centered Design from the Illinois Institute of Design and a Bachelor's degree in Human Factors from Tufts University. Show Highlights  [03:30] Julie talks about her path to a career in user experience and enrolling at Tufts University. [04:56] Defining Systems Design and the multiple fields of study which are encompassed in this career. [05:56] Julie defines the differences between systems and complex adaptive systems.  [08:18] Systems and mapping systems commonly found in design projects today. [10:14] Considerations when designing healthcare using mapping systems. [14:20] The “invisible furniture” that can get in the way when designing healthcare systems. [16:07] Aspects to build into your design program for healthcare design. [19:45] The importance of understanding incentive structures that influence behavior in systems.. [23:05] Creating space to work inside complex adaptive systems. [26:06] How setting boundaries on where you will work inside complex adaptive systems improves your success chances.. [27:37] What works well in the realm of collaboration for people and teams. [31:40] How can you make the system visible to everyone using it? [34:44] Changes and impacts that happen when people see the systems they inhabit. [38:38] Advice for those who are finding themselves in a much more complicated system than they expected. Links Design Thinking 101 Fluid Hive Design Innovation Julie Guinn on the Web Julie Guinn on Twitter Julie Guinn on LinkedIn Service Design Network Talk TISDD stakeholder mapping method Book Recommendation: Designing for Care Book Recommendation: Thinking in Systems Book Recommendation: Systems Thinking for Social Change Other Design Thinking 101 Episodes You Might Like Designer's Role in Healthcare & Public Health + Studio Thinking with Jess Roberts — DT101 E21 Nursing + Service Design + Healthcare Innovation with Brittany Merkle — DT101 E38 Healthcare Design Teams + Wellness + ScienceXDesign with Chris McCarthy — DT101 E24 ________________ Thank you for listening to the show and looking at the show notes. Send your questions, suggestions, and guest ideas to Dawan and the Fluid Hive team. Cheers ~ Dawan Free Download — Design Driven Innovation: Avoid Innovation Traps with These 9 Steps Innovation Smart Start Webinar — Take your innovation projects from frantic to focused!

If only. If only I had years of experience. If only I had the credentials. Jim McKelvey believes if we wait for the right moment to do things, the important things won't get done. Jim is the co-founder of Square (which was inducted into the Museum of Modern Art in 2011) and author of The Innovation Stack: Building an Unbeatable Business One Crazy Idea at a Time. He shares the inspiration for his book and why he thinks the important stuff that we do are things that have not been done before. Jim recognizes most of the work done is a replicate of previous work. We take knowledge and go. This works (sometimes even great), it just doesn't create anything new. However, when we work through solving a problem and keep solving the problems, wonderful things can happen, and the innovation evolves. In this episode, Jim talks about 1. Moving through ideas, even with restrictions. 2. Components of the Innovation Stack. 3. The importance of a checklist. This episode is brought to you by... Unleashing Your Remarkable Potential, Kevin's free weekly e-newsletter. It's full of articles and resources to help you become a more confident and successful leader. Additional Leadership Resources Book Recommendations: The Innovation Stack: Building an Unbeatable Business One Crazy Idea at a Time by Jim McKelvey Traction: Get a Grip on Your Business by Gino Wickman Frenemies: The Epic Disruption of the Ad Business (and Everything Else) by Ken Auletta Connect with Jim McKelvey: LinkedIn | Twitter Related Podcast Episodes: Leadership Resilience with Ama Marston. The Excellence Dividend with Tom Peters. Brave New Work with Aaron Dignan. How to Think Like Amazon with John Rossman.