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Before I share the list of the 5 best books on innovation, here’s a list of 5 things you need to know before reading that list. It’s worth it. I promise. There are 100s of books on innovation. Most are terrifyingly (and ironically) boring. They’re bought to be placed, unread, on office shelves so people can pretend they’re smart. These books are cliché in the worst way, cherry picking trendy examples and building worlds of junk theories around them, theories the heroes in the cherry picked...
Two heroes in the pantheon of inventors are Thomas Edison and Nikola Tesla. Of their many contrasts, a favorite was their divergent approaches for how to solve problems. Edison is famous for his affirmations of hard work as the key ingredient in invention: “Genius is one percent inspiration and ninety-nine per cent perspiration” “I have not failed 700 times. I have not failed once. I have succeeded in proving that those 700 ways will not work. When I have eliminated the ways that will...
Yes, you read that correctly. PAWN Stars. This reality television show on The History Channel chronicles a pawn shop outside of Las Vegas. I enjoy the show because of the history associated with the pieces that are brought in for sale. In addition to rifles from the revolutionary war and antique political documents, people bring in some unusual items like old videos games, dilapidated cars, and various novelty items. After watching the show a bit, I gathered four practical lessons that Rick Harrison, the owner...
We should consider a new certification program for innovation consumer electronics: Fair Trade Electronics. Do you have a cell phone, TV, iPad, GPS or laptop? Odds are good that most of your gadgets are the fruit of an elaborate, global supply chain hired and managed by big, brand name tech companies as HP, Dell and Apple.[i] Behind most sleek, cutting-edge consumer gadgets is a chain of good, old-fashioned human workers. Like Fair Trade coffee, Fair Trade Electronics would push technology companies to be more...
In this dog-eat-dog world of savvy customers and relentless competitors, managers should seek to be the hunters, not the hunted. Customer service can be the most effective weapon. Bear in mind, in our lean economic times Apple has continued to exceed competitors by “selling” products considered non-essential. How? They relieve an unmet desire to such a degree competitors want to become customers. Here are five things you should do: Stop being a victim. Assume complete responsibility for changing your situation...
Jim Woods makes sense of the hypercompetitive business and political landscape. With his customary lucidity, insight, and imagination, he draws on lessons from 25 years of observing businesses and why they do what they do. Jim Woods is president and founder of Bain Consulting Group; a global innovation, growth and hypercompetition consultancy. He is an author and speaker on strategic innovation, education and competitive advantage. Subscribe to our free Innovation and Competitive Advantage Newsletter. Jim argues...
Commoditization: When a competitor usurps the once seemingly insurmountable strengths of a chief rival with intentions of making them (Netflix) inconsequential. Who benefits? Everyone. Including Netflix providing they respond swiftly and unconventionally. Jim Woods makes sense of the hypercompetitive business and political landscape. With his customary lucidity, insight, and imagination, he draws on lessons from 25 years of observing businesses and why they do what they do. Jim Woods is president and founder...
Douglas R. Conant likes a challenge. The president and CEO of the Campbell Soup Company, Conant picked up the reins nine years ago when the company's share price was down and customer loyalty was on the wane. He knew that he could assemble a team to revitalize the company, revamp the product line, fuel innovation, win back customers, and make Wall Street love soup (and cookies and spaghetti sauce and juice) again. In part one of this two-part interview, Conant described how engaging the workforce was integral to...
Jim Woods makes sense of the hypercompetitive business and political landscape. With his customary lucidity, insight, and imagination, he draws on lessons from 25 years of observing businesses and why they do what they do. Jim Woods is president and founder of Bain Consulting Group; a global innovation, growth and hypercompetition consultancy. He is an author and speaker on strategic innovation, education and competitive advantage. Subscribe to our free Innovation and Competitive Advantage Newsletter. Jim argues...
When it comes to project management, most organizations put their practices before their people. They place more emphasis on rational factors -- the process itself -- and less on emotional drivers that could lead to project excellence -- like their employees' engagement with the project and company. Large projects, especially those in the IT sectors, have a poor record. But forcing team members to adapt to project management processes and procedures makes it more likely that the project will fail. The resulting...
The second of the 7 rules of brainstorming is called "Encourage ideas". We tried to do the same during our OpenSTORM in Paris, in order give rise to creative leaps and out-of-the-box concepts that might lead to creative yet feasible ones. 1. Destruction parties In order to get rid of some old falling buildings, why not have destruction parties, where people can participate in, and even pay for? 2. Create a sub-country If a region is struggling due to lack of national investments (directed unequally towards...
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• Hypercompetition and The Myths of Sustainable Advantages
• Growth in Times of Uncertainty and Complexity
• Education: Beyond the Rhetoric
• Creative Leadership
• Implicit Management Innovation
• Building A Competitive Culture
• Building an Enterprise of The Future
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Background:
Organizational Development and Competition
"Innovation without thinking in terms of competitive advantage is futile. Business is a state of war however collaborative.” Jim Woods
Jim Woods is a premier innovation and hypercompetition strategist who is obsessed about strategic maneuvering and why in times of uncertainty some companies succeed while others fail.
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Jim is strategy’s answer to theory. He is the champion of dynamic strategy over static analysis. He is a tactician in a world dominated by theorists.
Jim believes in strategic management based on temporary advantages using rapid fire maneuvering rather than defensive barriers. He is an advocate that all advantages are today assailable. Meaning innovations today have to be constant and penetrating with an aim of competitive surprise. This is a departure from most thinking which encourages leaders and managers to play it safe. To hunker down.
To reduce the risks associated with competition an organization must be adept, immensely competitive, and constantly innovative.
He has worked with government, U.S. Army, MITRE Corporation, Pitney Bowes, Whirlpool, and 3M. For over 25 years, Jim has been advancing the field of innovation and advising executives in all industries on how to modify their organizations to achieve their strategic ambitions. Reading the changes of the past three decades, Jim Woods has helped companies adapt to the hypercompetitive business environment and change the way they look at strategy.
His blog has been read by more than 250,000 readers. His new book on strategic innovations will be out June 2012.
Driven by a relentless curiosity, Jim began his research and teaching on the faculty at Dickinson State University and recently at Colorado Technical University. Jim holds a MS Organizational Development and Human Resources and a BS – Business Management and Leadership.
A sought after advisor and speaker, Woods has addressed organizations of various sizes who want to propel growth. Jim is an avid runner and hiker. Contact him today to set up a consultation.
"This is the age of rapid maneuvering rather than defensive barriers." Jim Woods
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