Build a Strong Foundation for Innovation

Build a Strong Foundation for Innovation

Those of you who know me won't be shocked by the fact that I have a serious passion for innovation. I believe you always need to be constantly pushing your organization (and your life) forward. You need to focus on reinventing what you do and how you do it as often as possible to drive new value for your customers and your organization. To succeed, you need to build a strong foundation for innovation.Companies like GE or IBM who have consistently changed their business sold off core components, reinvented their primary revenue base, and evolved how they execute based on the demands of an evolving market. These are great examples of companies that innovate very well.But their innovative success isn't based solely on a mindset, fancy frameworks, or crazy wild innovators (although that helps). To earn the right to be innovative they first had to be exceptional companies. (more…)...
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Connecting Strategy and Execution

Connecting Strategy and Execution

I will be speaking next week at the Bank-IT Conference on the topic of "Building a Full Stack Strategy: Integrating Strategy from Business Vision to Tech Execution" so I felt that I would share some of my thinking more broadly here. While my discussion next week is focused on the Technology area, connecting strategy to execution is critical across the organization. Integrated strategy drives execution excellence.Too many organizations build their strategy in a silo. The strategy is separate from the business lines and supporting organizations required to execute. In many organizations, you'll find "Strategic Management" offices or "CEO Strategy Board" functions. These teams operate at the highest level of the organization and focus on the macro issue and strategy. They then pass their plans and white papers off to the supporting teams on the assumption that will result in the execution of those plans.(more…)...
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