Blog
The Democratization of Math
Historically speaking, why haven’t companies used statistics to manage their innovation portfolios? I’ve had this question a lot lately. It’s a great question. Innovation is one of the most risky
The Low-Down on Down Under: Australia
Why Australia? I’ve had this question a lot since my decision to relocate to Brisbane. Apart from sunshine, koalas and barbecue, what’s the draw? I’d be lying if I said
Start Small, Finish Big
I can’t tell you how many times I’ve heard venture capitalists and executives insist new businesses should target big markets. They also love chasing “hot” markets that are en vogue. There was the
Forgetful Elephants
They say elephants never forget. In addition to describing big, lumbering animals, the word “elephant” can also be a nickname for big, lumbering companies (ex. IBM, GE, Walmart). However unlike
Overconfidence, bad models and delusion
How bad can a predictive model be before people abandon it? Intuitively, most people assume a model or decision process has to be right at least 51% of the time.
The Future: bigger companies, faster deaths
There are more huge companies than ever before. That may surprise you, but if you count the number of companies in the Fortune 500 with $5 billion or more in
Hey big innovator, get out of your way!
Why is it so hard for big companies to successfully innovate and launch new businesses? This has been one of the most popular questions in management theory for decades. Despite
Measuring Innovation: The Blind Spot
I was recently at an event where executives from the world’s biggest companies spent hours griping about innovation. They knew innovation was important, but bemoaned its aversion to hard metrics.