Based on research work done by Doblin, a subsidiary of Deloitte
Many people equate innovation with the development of new products. But coming up with new products is just one way to innovate. After studying more than 2,000 business innovations throughout history, Doblin discovered that the majority of breakthroughs did not come from technical/engineering inventions or amazing discoveries. Instead, innovations resulted from within a framework of 10 dimensions and now, anyone can use this framework to develop their own innovations…
Lessons from the book Man‘s Search for Meaning by Victor Frankl
Man’s Search for Meaning is a 1946 book by Victor Frankl that describes his experience as a prisoner in the Nazi concentration camp in Auschwitz during World War II. When Victor Frankl died in 1997, the book had sold over 10 million copies in 24 language. The main theme of the book is finding meaning and purpose in life even at times of extreme suffering and setbacks and it contains important lessons for individuals in all walks of life. Here are the most striking ones:
Ir was in the early 1950’s when the concept of “management by objectives” was introduced by Peter Drucker. The idea was that the boss would agree a set of goals for the year with each subordinate and then review the performance against these goals. Managers also learned about the acronym SMART for goal setting meaning goals had to be specific, measurable, achievable, realistic and time-bound. This methodology of goal setting has become so established that few managers have actually questioned if this approach works.
One of the most important ideas that you should be aware of that has the potential to change your life is the concept of Less is More and the 80:20 rule. The 80:20 rule is also referred to as the Pareto Principle after the name of the famous 19th century Italian economist and philosopher called Vilfredo Pareto. There are two wonderful books I highly recommend that are devoted to this subject called the 80:20 Principle by Richard Koch (see https://richardkoch.net/2012/11/the-8020-principle-2/ ) and The One Thing by Gary Keller and co-author Jay Papasan ( https://www.the1thing.com/ ) that go into detail about the power of this principle. This article provides an overview of the key elements of the principle.
You go shopping for office clothes — and end up with three casual shirts and two pairs of jeans you just knew you wanted. You decide to go for a salad and soup meal and end up in an expensive restaurant with an impressive menu and end up ordering much more than you can eat. None of these incidents is unusual, but as time passes, your choices amount to a mounting and consistent trade off: You’re choosing pleasure now in exchange for some possible financial discomfort in the future.
Walt Disney is known for his imagination and ability to come up with incredibly creative ideas in converting fantasies into realities. His innovation and creativity helped to make Walt Disney a global brand and business organization. His most used method was to look at a topic from different angles including how others particularly audiences would view the idea. This pattern of thinking became known as Brainstorming using the Walt Disney Method and was further developed by Robert Dilts, an expert in Neuro-Linguistic Programmig (NLP)…
An extract from the book “The Strangest Secret” by Earl Nightingale, a famous radio show host, in the 1940’s and 1950s. He was also a successful entrepreneur, author and motivational speaker.
The amazing message that has now become known as the Strangest Secret was first played for a group of salespeople at Earl Nightingale’s insurance agency. They were utterly electrified. Word of it spread like wildfire, and everyone who heard it was positively ignited into action.