Innovation Excellence

MAY 4, 2020

If you’ve been working in innovation for at least some time, you’re probably sick and tired of hearing people talk about “thinking outside the box”, or the need to create “outside the box innovations”. How are outside the box innovations born? How are outside the box innovations born? Creating outside the box innovations.

Innovation 56

Innovation Constraint Competitive Advantage Creativity 56

Mark Sanborn

SEPTEMBER 17, 2023

This can result in poor decision-making and a lack of innovative thinking. Examples: A CEO ignores market research that suggests a new product will not be well-received because he or she firmly believes it’s a good idea. Also know as “throwing good money after bad money.”

Dunning 52

Dunning Consensus Groupthink Charisma 52

Chartered Management Institute

FEBRUARY 14, 2024

Daisy Hooper , CMI’s head of policy and innovation, appeared in BusinessGreen last week, pointing out the key role for apprenticeships in the transition to a low-carbon economy. She also offers advice in The Times on how to overcome “groupthink,” where leaders remain unchallenged and team members withhold their views.

Groupthink 52

Groupthink Newsletter Article Transportation 52

Harvard Business Review

SEPTEMBER 14, 2011

Dr Reddy's plan is to leverage Chirotech's scientific capabilities to optimize drug development processes, thus lowering manufacturing costs and speeding time-to-market. In recent years, Indian firms such as Dr Reddy's have also started globalizing their R&D footprint by moving into Western markets.

Globalization 11

Globalization Innovation Decentralization Chemicals 11

Harvard Business Review

MAY 11, 2012

Innovation teams tasked with creating new products or technologies or iterating existing ones need tension to produce breakthroughs, and tension comes from diverse points of view. This is the opposite of groupthink, the creativity-killing phenomenon of too much agreement and too similar perspectives that often paralyzes otherwise great teams.

Diversity 15

Diversity Creativity Team Groupthink 15

Harvard Business Review

MARCH 27, 2012

Private R&D spending has also tailed off since then, when it brought us breakthrough innovations like laser printing, the Ethernet, the graphical user interface, and the mouse. And that's because some of the best paths to encourage innovation are surprisingly simple. But I think the declinism is overwrought.

Creativity 20

Creativity Groupthink Stress GDP 20

Harvard Business Review

FEBRUARY 3, 2011

Recent market updates, a technical deconstruction of various trends, then product frameworks — all in quick succession. We don't get to optimize all products, go after all markets, or add all programs. It happened during the Kennedy Administration's Bay of Pigs fiasco when " groupthink " carried the day.

Merton 17

Merton Groupthink CFO Cost 17

Harvard Business Review

DECEMBER 10, 2015

Many of us are familiar with the hazards of Groupthink - when teams or organizations operate on autopilot and feel a general false sense of invulnerability. One strategy that can significantly help teams avoid the dangers of Groupthink and successfully respond to emerging threats and opportunities is to create structured debates.

Groupthink 8

Groupthink Team Consensus Christensen 8

Harvard Business Review

NOVEMBER 12, 2013

In earlier research , the Center for Talent Innovation explored the importance of finding the right sponsor. Just as companies need a diverse workforce to remain attuned to the needs of new and emerging markets and to develop innovative products that compete in a rapidly evolving marketplace, sponsors need protégés who mirror those markets.

How To 10

How To Diversity Groupthink Career 10

Harvard Business Review

JULY 10, 2017

To drive home the urgency, the coalition’s website, CEOAction.com , directs visitors to research showing that diverse teams and inclusive leaders unleash innovation, eradicate groupthink, and spur market growth. At the Center for Talent Innovation, we wanted to look into these suspicions. But as Tim Ryan, U.S.

Ryan 8

Ryan Stephenson Groupthink Politics 8

Harvard Business Review

APRIL 25, 2017

Taken together, all of us establish a “consensus” view on the markets. ” In other words, they didn’t want to hear the groupthink. Discover Real Innovations. And most of my asset manager clients were looking for something different: “Give me a contrarian perspective.”

Career 8

Career Groupthink Banking Video 8

Harvard Business Review

AUGUST 4, 2014

All too often, when marketers talk about their “social strategy,” they really mean a digital marketing strategy implemented on social platforms, rather than using social dynamics to benefit their business. Pepsi actually lost market share and fell to number three in the cola wars for the first time in modern history.

Media 10

Media Marketing Strategy Groupthink Kaplan 10

N2Growth Blog

JANUARY 16, 2025

Data supports this point: boards composed of individuals with varied experiences, ethnic backgrounds, and gender identities are more likely to generate innovative ideas and deliver superior financial results. Board members who bring new market insights or cultural understanding can help organizations pivot and innovate more effectively.

Diversity 195

Diversity Groupthink McKinsey Committee 195

N2Growth Blog

JANUARY 23, 2025

Understanding the Role of Board Evaluation in Effective Governance Board evaluations are more than a procedural formality; they represent a structured opportunity to align an organizations leadership with evolving market conditions.

360-Degree Feedback 195

360-Degree Feedback Benchmarking Groupthink Objective 195