Would you want to invest in an U.S. industry that despite receiving billions from the federal government, lost $35 billion and got rid of 66,000 employees last year? Not likely. But that what’s happening. The first new U.S. air carriers in 14 years are using timing and innovation to enter the market as air travel […]
Archive for the ‘Executing Your Strategy in a Systematic Manner’ Category
October 2020 – How Successful Companies Mine Innovative Ideas During the Pandemic
The COVID-19 pandemic reared its ugly head in the United States back in January this year and it has changed all our lives, including how each of us thinks, makes decisions, and acts. One big decision that people have to deal with is, since the COVID-19 virus remains on surfaces of various things that are […]
September 2020 – If You Are Drowning in Difficulties, Innovation Can Be Your Lifeboat
One of my favorite comic strips is Pearls Before Swine. Recently the author, Stephan Pastis, had a particularly funny and poignant comic strip. In it, Goat asks Pig if he was worried about being able to pay his rent. Pig responds by asking Goat “What day is today?” Goat responds “Sunday”. Then as Pig ticks […]
July 2020 – Building a Team of Innovators to Conquer COVID-19
This week a Phase 3 clinical trial of the very promising COVID-19 vaccine known as mRNA-1273 began. The vaccine, which was co-developed by the U.S. biotechnology company Moderna, Inc., and the National Institute of Allergy and Infectious Diseases (NIAID) will involve approximately 30,000 adult volunteers who do not have COVID-19. The “mRNA” stands for “messenger […]
June 2020 – How to Fan the Flame of Innovation Within Your Company
Last week Major League Baseball announced that the 2020 Major League Baseball season, which had been delayed as a result of COVID-19, will begin on July 23. To successfully play baseball in an environment that has been and will continue to be so heavily impacted by the COVID-19 pandemic requires the adoption of a number of changes. Some of the […]
May 2020 – Effectively Translating an Innovation into a Successful, Thriving Business
Let’s assume you have a developed a great invention or innovation, or even just a breakthrough idea. How do you effectively translate your innovation into a successful, thriving business during the COVID-19 pandemic? First consider, what do the following companies have in common? A&W Restaurants Big Boy Restaurants Carvel Ice Cream Dairy Queen Gallo Winery […]
April 2020 – With COVID-19, Necessity Is the Mother of Innovation
As the world finds itself in the COVID-19 pandemic, many people and organizations are trying to overcome it or help mankind deal with it through innovation. Relatedly, one of the key components of successful innovation is to celebrate innovation successes, which is what I would like to in this Innovation Newsletter with regards to COVID-19. […]
February 2020 – Using Innovation, Walmart is Trying Not to Go the Way of Sears
In its effort to avoid what happened to Sears, (its former competitor), Walmart is in the process of developing and rolling out a number of innovations, including what experts are calling the most advanced robotic system in use to fill shopping orders. Walmart’s game plan is to use its grocery-shopping robots to help win the […]
July 2019 – Great Ways to Celebrate Innovation Successes Within Your Organization
Ten days ago, the United States and most of the world celebrated the 50th anniversary of one of mankind’s greatest achievements, Americans landing and walking on the Moon. This unique accomplishment was the result of an untold stream of innovations that led to two of the crew members of Apollo 11, Neil Armstrong and Edwin […]
June 2019 – A Key Ingredient for Getting Your Personnel Fully Engaged in Innovation
Most likely you did not attend the Recognition Professionals International (RPI) Annual Experience Conference that took place in Atlanta, Georgia in April this year. If you did, you would have seen a display of the world’s largest array of programs, tools, and options for rewarding employee engagement, innovation, and performance. A common theme during the […]