Comments on: The 4 Laws of Enduring Innovation Success http://completeinnovator.com/2010/04/07/the-4-laws-to-enduring-innovation-success/ Ideas and Best Practices on Innovation, Collaboration, and Social Media Mon, 23 Apr 2012 16:08:04 +0000 hourly 1 http://wordpress.com/ By: Brendan http://completeinnovator.com/2010/04/07/the-4-laws-to-enduring-innovation-success/#comment-447 Thu, 03 Jun 2010 18:01:15 +0000 http://completeinnovator.com/?p=784#comment-447 Interesting post!

An additional law for enduring success may focus on imitation barriers. Inevitably imitators attempt to grab a piece of the market share and become competition following successful innovation. This is particularly true because it is not a static achievement, but a dynamic process.

However, some of the comments focus on innovation as a random/experimental process. Blue Ocean Strategy (www.strategizeblue.com), something to consider, views innovation as a systematic process rather than trial and error.

Touching on my previous point, the sustainability and renewal of strategy is important to successful innovation endurance. I look forward to your future posts!

]]> By: Silvia Zamboni http://completeinnovator.com/2010/04/07/the-4-laws-to-enduring-innovation-success/#comment-429 Tue, 01 Jun 2010 13:54:45 +0000 http://completeinnovator.com/?p=784#comment-429 Interesting post! Seneca, a Roman Stoic philosopher, wrote: “Luck is what happens when preparation meets opportunity” and I think he was right.
I agree with your 4 rules, but I think the the first one needs a (corporate and individual) preparation in term of propensity to experiment and risk, balanced by a portfolio in which not all the innovation will have a 10x ROI. Embrace everyone being focused, could be my review of the last two together, because the huge amount of information that we can collect today has to be analyzed and read throught the lenses of your business opportunities, maintaning your focus especially on your dynamic core competences.
Collaborate with the right partner (and the right way of sharing your confidential information) could be related to the last rule. How to build up a partnership or even a strong collaboration is another big chapter!

]]> By: Boris Pluskowski http://completeinnovator.com/2010/04/07/the-4-laws-to-enduring-innovation-success/#comment-343 Tue, 18 May 2010 15:28:19 +0000 http://completeinnovator.com/?p=784#comment-343 Many thanks all for the comments and additions so far – love them! Keep them coming!

and Jonathan – surely you meant to say that it would “fall apart faster than a politician’s spontaneous hike on the Appalachian Trail”?…. :)

]]> By: Jonathan Vehar http://completeinnovator.com/2010/04/07/the-4-laws-to-enduring-innovation-success/#comment-341 Sun, 16 May 2010 03:27:34 +0000 http://completeinnovator.com/?p=784#comment-341 Love these four laws! Nice way to boil it all down to the essence although I’d add one more: Make sure you’re humble enough to walk the talk — If you and other leaders aren’t REALLY listening to the ideas of others because you think you know it all, then that lack of humility and integrity will cause the whole thing will fall apart faster than a philandering politician’s campaign when he’s caught in the act.

]]> By: David Constantine http://completeinnovator.com/2010/04/07/the-4-laws-to-enduring-innovation-success/#comment-340 Sat, 15 May 2010 18:06:22 +0000 http://completeinnovator.com/?p=784#comment-340 1. Vet your ideas – Be sure you’re talking to everybody and anybody about what you’re working on.
2. Find some help – Utilize the resources around you to get help for your business.

http://www.masschallenge.org
We’re currently accepting entries for the world’s largest business competition.

]]> By: Entrepreneurship in a Nutshell: Aim High, Baby | Innovate Arkansas http://completeinnovator.com/2010/04/07/the-4-laws-to-enduring-innovation-success/#comment-335 Tue, 13 Apr 2010 20:18:40 +0000 http://completeinnovator.com/?p=784#comment-335 [...] outlining his “4 Laws of Enduring Innovation,” the Complete Innovator charges entrepreneurs to be ambitious.  (And, he includes the awesome photo [...]

]]> By: @speakology http://completeinnovator.com/2010/04/07/the-4-laws-to-enduring-innovation-success/#comment-333 Tue, 13 Apr 2010 04:05:08 +0000 http://completeinnovator.com/?p=784#comment-333 let’s add a subset to Be Lucky compliments of sam parker of givemore.com:
1. prepare. work hard to be ready for the opportunities that are important to you. research. practice. perfect.
2. be awake. pay attention to the people, events, and things around you. evaluate logically and trust your gut instinct.
3. take action. put yourself out there. explore. be vulnerable. make contact with people. take risks.
4. expect positive results. optimism improves your chances. if (when) you fail, embrace the lesson and continue on, smarter

]]> By: Heinz Essmann http://completeinnovator.com/2010/04/07/the-4-laws-to-enduring-innovation-success/#comment-330 Thu, 08 Apr 2010 15:10:04 +0000 http://completeinnovator.com/?p=784#comment-330 Hi. Very interesting post!

Regarding point (1), “Be(ing) Lucky”, companies need to try many things (failing possibly 75%) but not too many that you are spread too thin. Its a difficult balance to achieve – and thats why I see Innovation Portfolio Management as vital. Failing fast and failing smart (i.e. learning and absorbing those lessons) also helps! I don’t think you can ever increase the predictably of a single initiative through this, but the predictability of your portfolio does improve (although it will never be fully predictable, even if you had an infinite portfolio – due to “Black Swan” events).

Being ambitious, staying focussed and embracing everyone (as you put it) will however increase the odds of a single initiative (and obviously your portfolio of initiatives).

Thanks for the post!

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