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Published on: Monday, October 13, 2014

Peter Sims: The Origins of Breakthrough Ideas

Posted By: William Flamme
Filed Under: innovation, william flamme, william flammé, peter sims
 
The modern industrial corporation is well-suited to executing on known problems but poorly equipped to execute on discovery, experimentation and entrepreneurship. Companies and people today need to be more creative and entrepreneurial in order to meet with success. Peter Sims, coauthor with Bill George of the bestseller True North: Discover Your Authentic Leadership and a member of General Electric's Innovation Advisory Panel, shared his views on the real life dynamics behind the creative process.

"Innovation and discovery in general don't often come in three to five million dollar chunks," said Sims. He warned that when you are doing something new you can't put it into a spreadsheet. Predicting how people will respond is an uncertain venture at best. It is better to place a series of small bets than to place a large bet. It is like in — — the batter is better off trying to get on base than swinging for the fences looking for a homerun. Small, concrete bets that you can learn from to drive discovery, with a hit rate of about 6 percent is a better approach.

 

Published on: Friday, October 10, 2014

The Best Strategy for Reducing Stress

 
Imagine you're sailing in the Bahamas, sipping a cold drink and listening to the water lapping the sides of the boat.

Relaxing, right? Not for my friend Rob.*

Rob is not usually stressed-out. For many people, Rob's daily work would be hair-pulling stressful — he's a real estate developer who routinely deals with a multitude of nagging problems related to renters, banks, lawsuits, property management, and rapidly changing valuations. But Rob routinely handles it all with steadiness and perspective.

 

Published on: Wednesday, October 08, 2014

Judy Robinett: How Entrepreneurs Can Become Power Networkers

Posted By: William Flamme
Filed Under: networking, forbes, judy robinett
 
How does one go about networking with more successful people? Building a network composed of the "right" people? What is the role of social media in networking? One member of the ExecuNet community, Judy Robinett — known as "the woman with the titanium Rolodex" — was interviewed for Forbes recently, and in that interview she answered these challenging questions and more.

 

 
Over the summer, we met with some of the thought leaders in the ExecuNet community and asked them for their viewpoints on the challenges leaders face now and in the coming years. They shared their thoughts on tough choices that still influence them, the future of work and the toughest challenges leaders need to overcome to lead into the future.

In this, the final installment of the summer's interviews, we asked them to share lessons they've learned that leaders need to know as they face the challenges of leading in this ever-changing world.

 

 
Hunter Lovins, author of the international bestseller Natural Capitalism and a business leader dedicated to understanding and communicating the transformative power of sustainable business, argued that embracing efficiency, renewables, carbon markets, and new technologies is the smartest decision any organization can make — leading to disruptive new products and business models that generate increased profits and economic growth.

Lovins said that unsustainable business practices contributed to the economic collapse, which will not be resolvable until the fundamental issues are addressed. She said, "This is not about polar bears. It's about your profitability. This is the sweet spot of innovation combined with sustainability. We are beyond what the edge of what the planet can tolerate."

 

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Finding new ways to do business is always a challenge, but for success in an ever-changing world, business leaders today must be willing to try new things and remain extremely flexible. Read what some of the world's greatest innovators had to say in this ExecuNet exclusive.


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