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Make Room for Innovation: Key Characteristics of Innovative Companies
Lisa Bodell, founder of the innovation research and training firm futurethink, explains that with the right knowledge and tools, everyone has the power to innovate.
Lisa Bodell believes in the power of simplification. She is the founder and CEO of futurethink, a company that uses simple techniques to help organizations embrace change and increase their capability for innovation. She brings her compelling message to over 100,000 people a year, showing them how to eliminate mundane and unnecessary tasks from their everyday routine so that they have more time for work that matters. Bodell has transformed teams within organizations like Google, Novartis, Accenture, and more. Drawing on her practical Midwestern upbringing and entrepreneurial background, she has used the power of simplification to launch three successful businesses, write two books (Kill the Company and Why Simple Wins), travel to over 40 countries and 48 states, and sit on boards such as Novartis' Diversity and Inclusion Board and the Global Advisory Council for the World Economic Forum.
Lisa Bodell: I talk a lot about this in my book Kill The Company, is that there are many key skills that make up an innovative company. And these skills and behaviors I think are important for people to know. I don't think any one person typically has all these skills or exemplifies all these behaviors, but it's important as a small company or your team to have a mix of these so you can be very innovative or better embrace change. So let me tell you what those are. The first is strategic imagination. And what I mean by that is dreaming with purpose. There are a lot of companies that are strategic, there are a lot of companies that are creative, but there are very few that have the blend of both. So you need dreaming with purpose and we call that strategic imagination.
The second thing I think you need is you need smart risk-taking. So you need people that are willing to take risks within certain boundaries and they know what those boundaries are. When we talk about boundaries what we're trying to get people to do is to stop operating with handcuffs and start operating with guardrails, and that's something that a really good company does all the time. The next thing is we think that winning companies or innovative companies are resilient. They do not give up when they are faced with unforeseen challenges, they know that when something fails that maybe that's just getting them one step closer to the perfect solution, but they don't give up.
Next is agility; being able to deal with the wildcards because change is going to be constant. And then finally it's being future focused. So if you're a company that's only looking to the next quarter, and most people say that they aren't doing that but many of them are, that's a problem. You need people that are looking far beyond the next quarter or the next year but actually thinking about trends the next ten or 20 years out to not stay ahead of the curve but look way beyond the curve.
Lisa Bodell, founder of the internationally recognized innovation research and training firm futurethink, explains that with the right knowledge and tools, everyone has the power to innovate. She breaks this down into five key skills:
First is strategic imagination. Original ideas are great, but in order to make your ideas stick you need to dream with purpose.
Second, you need smart risk-taking — experimentation and risk are essential to success, but careless risk-taking can lead to disaster.
Third is resiliency, resiliency, resiliency. Innovative companies understand that failure gets them one step closer to the perfect solution.
Fourth, are you agile? You need to be able to deal with wildcards because change is going to be constant.
Fifth is future focus. You've got to look 10-20 years beyond where the curve is now to spot emerging trends. If your time horizon is quarterly earnings, you've got a real problem.
Educators and administrators must build new supports for faculty and student success in a world where the classroom might become virtual in the blink of an eye.
- If you or someone you know is attending school remotely, you are more than likely learning through emergency remote instruction, which is not the same as online learning, write Rich DeMillo and Steve Harmon.
- Education institutions must properly define and understand the difference between a course that is designed from inception to be taught in an online format and a course that has been rapidly converted to be offered to remote students.
- In a future involving more online instruction than any of us ever imagined, it will be crucial to meticulously design factors like learner navigation, interactive recordings, feedback loops, exams and office hours in order to maximize learning potential within the virtual environment.
Placing science and religion at opposite ends of the belief spectrum is to ignore their unique purposes.
- Science and religion (fact versus faith) are often seen as two incongruous groups. When you consider the purpose of each and the questions that they seek to answer, the comparison becomes less black and white.
- This video features religious scholars, a primatologist, a neuroendocrinologist, a comedian, and other brilliant minds considering, among other things, the evolutionary function that religion serves, the power of symbols, and the human need to learn, explore, and know the world around us so that it becomes a less scary place.
- "I think most people are actually kind of comfortable with the idea that science is a reliable way to learn about nature, but it's not the whole story and there's a place also for religion, for faith, for theology, for philosophy," says Francis Collins, American geneticist and director of the National Institutes of Health (NIH). "But that harmony perspective doesn't get as much attention. Nobody is as interested in harmony as they are in conflict."
Studying voice recordings of infected but asymptomatic people reveals potential indicators of Covid-19.
A leading British space scientist thinks there is life under the ice sheets of Europa.
- A British scientist named Professor Monica Grady recently came out in support of extraterrestrial life on Europa.
- Europa, the sixth largest moon in the solar system, may have favorable conditions for life under its miles of ice.
- The moon is one of Jupiter's 79.
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A study finds people are more influenced by what the other party says than their own. What gives?
- A new study has found evidence suggesting that conservative climate skepticism is driven by reactions to liberal support for science.
- This was determined both by comparing polling data to records of cues given by leaders, and through a survey.
- The findings could lead to new methods of influencing public opinion.