Killer Innovations with Phil McKinney - A Show About Ideas Creativity And Innovation show

Killer Innovations with Phil McKinney - A Show About Ideas Creativity And Innovation

Summary: An award-winning podcast and nationally syndicated talk radio show that looks at the innovations that are changing our lives and how their innovators used creativity and design to take their raw idea and create they're game-changing product or service. Phil McKinney and his guests share real-world practical advice on how to harness the power of creativity and design to create ideas that turn into innovations that radically improve your personal, career and business success. The show is hosted by Phil McKinney, retired CTO of Hewlett-Packard (HP) and author of Beyond The Obvious. The complete backlog of content (going back to 2005) is available at http://killerinnovations.com. Follow Phil on Facebook at http://bit.ly/phil-facebook and Twitter at http://twitter.com/philmckinney

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 AI Opens on Broadway | File Type: audio/mpeg | Duration: 38:08

This week's guest applies AI innovation to an industry where you usually wouldn't think it can be possible. Micah Hollingworth, the CEO & Co-founder of Broadw.ai, joins us for a discussion. On the show, we will discuss AI in the theater industry and what Micah and Broadw.ai are doing to change the game. Micah's Background Micah grew up in rural Massachusetts and had a passion for theater at a young age. He ended up attending UMass Amherst, which was the total opposite experience of his rural upbringing. His time at UMass Amherst set him up on a path to entrepreneurship and technology. The program wasn't focused on performance but took a more generalist approach, which was similar to starting a startup. From an initial idea,  raising capital, and then working to find the audience. Working together as a team is very important because even if one show isn't successful, there is no knowing if the next one will be as well. Everyone always thinks there is a secret formula to success, but in reality, there isn't. One can never know what the audience will think about a product until it is put out there. Look at the famous show Hamilton for example. If someone pitched it to investors in an elevator, they would probably have no interest in it. That's just how the industry works. Being comfortable in uncertainty is key. AI in the Theater Industry Differentiating the experience is key to drawing in crowds. When the theater industry looks to innovate, they are often stuck with a lot of constraints. They have limited space and often have old, worn-down buildings. They focus on creating a special experience that is deep and powerful so that the fan is willing to accept things like waiting in lines to get tickets. There is a lot of competition for live events. People only have so many hours in the day and a limited attention span. You have to be where your fans are. It's not as simple as just putting up a website. Shows are typically not selling their shows directly. They often rent a property, like a stadium, and use a ticketing system that they don't have full control over. Broadw.ai helps partners find what they are looking for in tickets and at a specific price-point in a personalized way. In most cases, the partner is the event producer of a show. They aren't a ticket reseller or broker. They are just facilitating the sale and generating data for the event producer to see what most people are looking for. Broadw.ai Micah never thought he would end up in the tech field, given his background. His last employment opportunity was with Jujamcyn Theaters as the VP of Company Operations. During this time, he met a company called Satisfi Labs that pitched them an idea for an AI product in large arenas. This product would use location services to help people find things near them or ask questions if needed. They didn't have much of a use of this product, as Broadway theaters are generally tiny. His current partner, Jon Scott, asked what would happen if they used this approach for selling tickets. Micah jumped on the idea and got to work. He brought it up to the owner and was encouraged to take steps to do it. Micah and his team branched off and raised funds to launch their own company and invested some of the funds into Satisfi and their partnership. Advice for the Listeners Micah says that any good idea will take time. One needs to be patient. In the tech world, processes are rarely complete.

 AI Opens on Broadway | File Type: audio/mpeg | Duration: 38:08

This week's guest applies AI innovation to an industry where you usually wouldn't think it can be possible. Micah Hollingworth, the CEO & Co-founder of Broadw.ai, joins us for a discussion. On the show, we will discuss AI in the theater industry and what Micah and Broadw.ai are doing to change the game. Micah's Background Micah grew up in rural Massachusetts and had a passion for theater at a young age. He ended up attending UMass Amherst, which was the total opposite experience of his rural upbringing. His time at UMass Amherst set him up on a path to entrepreneurship and technology. The program wasn't focused on performance but took a more generalist approach, which was similar to starting a startup. From an initial idea,  raising capital, and then working to find the audience. Working together as a team is very important because even if one show isn't successful, there is no knowing if the next one will be as well. Everyone always thinks there is a secret formula to success, but in reality, there isn't. One can never know what the audience will think about a product until it is put out there. Look at the famous show Hamilton for example. If someone pitched it to investors in an elevator, they would probably have no interest in it. That's just how the industry works. Being comfortable in uncertainty is key. AI in the Theater Industry Differentiating the experience is key to drawing in crowds. When the theater industry looks to innovate, they are often stuck with a lot of constraints. They have limited space and often have old, worn-down buildings. They focus on creating a special experience that is deep and powerful so that the fan is willing to accept things like waiting in lines to get tickets. There is a lot of competition for live events. People only have so many hours in the day and a limited attention span. You have to be where your fans are. It's not as simple as just putting up a website. Shows are typically not selling their shows directly. They often rent a property, like a stadium, and use a ticketing system that they don't have full control over. Broadw.ai helps partners find what they are looking for in tickets and at a specific price-point in a personalized way. In most cases, the partner is the event producer of a show. They aren't a ticket reseller or broker. They are just facilitating the sale and generating data for the event producer to see what most people are looking for. Broadw.ai Micah never thought he would end up in the tech field, given his background. His last employment opportunity was with Jujamcyn Theaters as the VP of Company Operations. During this time, he met a company called Satisfi Labs that pitched them an idea for an AI product in large arenas. This product would use location services to help people find things near them or ask questions if needed. They didn't have much of a use of this product, as Broadway theaters are generally tiny. His current partner, Jon Scott, asked what would happen if they used this approach for selling tickets. Micah jumped on the idea and got to work. He brought it up to the owner and was encouraged to take steps to do it. Micah and his team branched off and raised funds to launch their own company and invested some of the funds into Satisfi and their partnership. Advice for the Listeners Micah says that any good idea will take time. One needs to be patient. In the tech world, processes are rarely complete.

 4 Required Elements of an Innovation Framework | File Type: audio/mpeg | Duration: 38:09

Many organizations have weak innovation frameworks, which weaken their overall effectiveness. Innovation efforts require a structure (framework) to stay organized and for successful execution. This week, we'll look at an innovation framework that I use and have used throughout my career, known as FIRE. We'll also discuss how you can use this framework within your organization. Framework Versus Process Think of a framework as the components needed to empower your team to be highly successful within innovation. Innovation frameworks and processes are not the same things. A framework is a construct that all organizations understand they need to have. A process is built on top of the framework to do the individual elements. I am not a big fan of processes as they rarely work because they require tailoring to the individual organization. In the past, organizations have tried to use the process that I used at HP. Kroger used it, and Stanford and Harvard's business schools teach it. If you pick up this process and use it, you will not be successful. The process needs specific tailoring to work for you. Each organization requires a unique procedure, as each one has unique structures, needs, and resources. FIRE A framework gives your team a mental model for conversations, motivation, and overall understanding. Here are four vital elements needed in every innovation framework: Focus: Focus defines and researches the opportunity or problem area where you are going to point your team. It would be best if you investigate and determine the focus area. I create a list of 4-6 areas of focus with my team. Next, you need to create a problem statement that drives people to find a solution. Creating a problem statement is not a straightforward task, but it is vital. With a problem statement, you will increase the quantity and quality of your ideas. Ideation: Based on your focus, create a funnel of ideas that address the opportunity or problem. The funnel is where you generate your ideas. Step one is to do both individual and team ideation. I have found that when you combine both individual and team ideation, you increase the quality of your ideas by 30%. Step two is grouping the ideas. You can use Jamboard or post-it notes to bring those ideas together and generate that funnel. You want to capture all those ideas and make sure nothing gets thrown out. Ranking: This is the element that most innovation frameworks leave out. The driver for ranking is to use it to identify the best ideas based on specific criteria. The goal is to create criteria to identify a ranked list so that you can take the top two or three ideas. I teach a two-stage ranking process. The first stage is what I call the “wow stage.” We give everyone five dots and walk up to the list of ideas and puts their dots on ideas they think are the best. Next, you have criteria ranking, which varies by organization. It would help if you did the ranking in the same session as the “wow stage.” Execution: You have to drive execution, which is very specific to an organization. It would be best if you had a test/experimentation on the idea. Next, have an experimentation culture that is continuously experimenting and getting feedback. Last, get a minimally viable product into the customer's hands. Innovation Framework Let's review what we learned about the innovation framework. I refer to this framework as the FIRE (Focus,

 4 Required Elements of an Innovation Framework | File Type: audio/mpeg | Duration: 38:09

Innovation efforts require a structure to stay organized and for successful execution. Many organizations have weak frameworks, which in turn, weaken their overall effectiveness. This week, we'll look at an innovation framework that I use and have used throughout my career, known as FIRE. We'll also discuss how you can utilize this framework within your organization. Framework Versus Process Think of a framework as the components needed to empower your team to be highly successful within innovation. Innovation frameworks and processes are not the same things. A framework is a construct that all organizations understand they need to have. A process is what is built on top of the framework to do the individual elements. I am not a big fan of processes as they often don't work because they require tailoring to the individual organization. In the past, organizations have tried to use the process that I used at HP. Kroger used it, and Stanford and Harvard's business schools teach it. If you pick up this process and use it, you are not going to be successful. The process needs specific tailoring to work for you. Each organization requires a unique procedure, as each one has different structures, needs, and resources. FIRE A framework gives your team a mental model for conversations, motivation, and overall understanding. Here are four vital elements needed in every innovation framework: Focus: Focus defines and researches the opportunity or problem area where you are going to point your team. It would be best if you investigate and determine the focus area. I create a list of 4-6 areas of focus with my team. Next, you need to create a problem statement that drives people to find a solution. Creating a problem statement is not an easy task, but it is vital. With a problem statement, you will increase the quantity and quality of your ideas. Ideation: Based on your focus, create a funnel of ideas that address the opportunity or problem. The funnel is where you generate your ideas. Step one is to do both individual and team ideation. I have found that when you combine both individual and team ideation, you increase the quality of your ideas by 30%. Step two is grouping the ideas. You can use Jamboard or post-it notes to bring those ideas together and generate that funnel. You want to capture all those ideas and make sure nothing gets thrown out. Ranking: This is the element that most innovation frameworks leave out. The driver for ranking is to use it to identify the best ideas based on specific criteria. The goal is to create criteria to identify a ranked list so that you can take the top two or three ideas. I teach a two-stage ranking process. The first stage is what I call the “wow stage.” Everyone is given five dots and walks up to the list of ideas and puts their dots on ideas they think are the best. Next, you have criteria ranking, which varies by organization. It would help if you did the ranking in the same session as the “wow stage.” Execution: You have to drive execution, which is very specific to an organization. It would be best if you had a test/experimentation on the idea. Next, you have to have an experimentation culture that is continuously experimenting and getting feedback. Lastly, you have to get a minimal viable product into the customer's hands. Innovation Framework Let's review what we learned about the innovation framework.

 Box Think – Crafting The Problem Statement | File Type: audio/mpeg | Duration: 38:13

Crafting well-written problem statements that focus the idea of creation are critical. Albert Einstein said, “If I only had one hour to save the world, I would spend fifty-five minutes defining the problem, and five minutes finding the solution.” This week, we will discuss combining out of the box thinking with inside the box thinking, and how this can be used to create problem statements and solve your problems. Problem Statements Well-defined problem statements are freeing because they allow a team to innovate within certain guardrails. The goal of a problem statement is to solve a problem, remove a barrier, or improve an experience. One key characteristic of a problem statement is that it has to be solvable. It's not just about solving the problem but being able to define it within the confines of your resources. Some problem validation questions need to be applied. Firstly, do you think it is a problem or is it a problem? If you think it's a problem, chances are it might not be. You are not a proxy for your customers. You have to prove that it is a problem by getting feedback from your customers. Secondly, find out how often this problem occurs and how long it has been occurring. The elements of a problem statement focus on three key areas: who the customer is, what the problem is, and why it is important. * Who is the customer – Who is the target? Outline the broad or narrow customer segments. You need to define and describe the customer. * What is the problem – Define the problem that is occurring. * Why – Find out why it is crucial to solving the problem, and why you are spending time on it. Examples Let's look at an example of a first draft problem statement. Middletown Hospital's current diagnosis protocol and tools are resulting in low diagnosis effectiveness/efficiency causing up to 40% of its critical care patients painful extended treatments while substantially reducing the hospital's earning potential and resource efficiency. Let's try to make this statement more concise. Middletown Hospitals' current diagnosis protocol and tools are resulting in low diagnosis effectiveness/efficiency, substantially reducing the hospital's earning potential and resource efficiency. This statement is better as effectiveness and efficiency stand out, but we can do better. Middletown Hospitals' current diagnosis protocol and tools are resulting in low diagnosis effectiveness and efficiency, causing up to 40% of its critical care patients painful extended treatment periods. I think this one is good because it defines the problem and why it is essential, but we're going to try to make it a little better. Up to 40% of critical care patients are experiencing painful extended treatment periods due to low diagnosis effectiveness and efficiency of current diagnosis protocols and tools. The one characteristic seen through these four examples is that they are getting shorter and more precise each time. Spending time thinking about the problem statement and making it efficient and crisp is critical. The example was an actual problem statement used to help an organization for ideation sessions they wanted to host. Here is a template that I use when crafting my problem statements. The what (describe the problem) effects the who (describe the customer), resulting in (Describe why it's important/what the benefit is). Box Think Box think is doing both inside the box thinking and out of the box thinking. Using this process,

 Box Think – Crafting The Problem Statement | File Type: audio/mpeg | Duration: 38:13

Crafting well-written problem statements that focus the idea of creation are critical. Albert Einstein said, “If I only had one hour to save the world, I would spend fifty-five minutes defining the problem, and five minutes finding the solution.” This week, we will discuss combining out of the box thinking with inside the box thinking, and how this can be used to create problem statements and solve your problems. Problem Statements Well-defined problem statements are freeing because they allow a team to innovate within certain guardrails. The goal of a problem statement is to solve a problem, remove a barrier, or improve an experience. One key characteristic of a problem statement is that it has to be solvable. It's not just about solving the problem but being able to define it within the confines of your resources. Some problem validation questions need to be applied. Firstly, do you think it is a problem or is it a problem? If you think it's a problem, chances are it might not be. You are not a proxy for your customers. You have to prove that it is a problem by getting feedback from your customers. Secondly, find out how often this problem occurs and how long it has been occurring. The elements of a problem statement focus on three key areas: who the customer is, what the problem is, and why it is important. * Who is the customer – Who is the target? Outline the broad or narrow customer segments. You need to define and describe the customer. * What is the problem – Define the problem that is occurring. * Why – Find out why it is crucial to solving the problem, and why you are spending time on it. Examples Let's look at an example of a first draft problem statement. Middletown Hospital's current diagnosis protocol and tools are resulting in low diagnosis effectiveness/efficiency causing up to 40% of its critical care patients painful extended treatments while substantially reducing the hospital's earning potential and resource efficiency. Let's try to make this statement more concise. Middletown Hospitals' current diagnosis protocol and tools are resulting in low diagnosis effectiveness/efficiency, substantially reducing the hospital's earning potential and resource efficiency. This statement is better as effectiveness and efficiency stand out, but we can do better. Middletown Hospitals' current diagnosis protocol and tools are resulting in low diagnosis effectiveness and efficiency, causing up to 40% of its critical care patients painful extended treatment periods. I think this one is good because it defines the problem and why it is essential, but we're going to try to make it a little better. Up to 40% of critical care patients are experiencing painful extended treatment periods due to low diagnosis effectiveness and efficiency of current diagnosis protocols and tools. The one characteristic seen through these four examples is that they are getting shorter and more precise each time. Spending time thinking about the problem statement and making it efficient and crisp is critical. The example was an actual problem statement used to help an organization for ideation sessions they wanted to host. Here is a template that I use when crafting my problem statements. The what (describe the problem) effects the who (describe the customer), resulting in (Describe why it's important/what the benefit is). Box Think Box think is doing both inside the box thinking and out of the box thinking. Using this process,

 Box Think – Combining out of the Box and Inside the Box Thinking | File Type: audio/mpeg | Duration: 38:09

Box Think is doing both inside the box thinking and out of the box thinking. As we discussed in past shows, out of the box thinking is what most people use when they think of creative thinking. People often overlook what I call inside the box thinking and try to stay away from it. Out Of The Box Thinking The term “out of the box thinking” is a metaphor that means to think from a new perspective. It originally came from some management consulting firms that were trying to solve problems in new ways. The term was attached to a concept known as the nine-dot problem. When challenged to do “out of the box thinking,”, you need to utilize risk-oriented thinking. You need to take all the risk constraints out of the scenario, whether it is financial, technology-based, etc. Next, you need to rely on shared thinking. Shared thinking can be hard but is necessary to accelerate your ability to “think outside the box.” Lastly, practice reflective thinking. We all love our ideas, as they are our “babies.” In some cases, we need to take a step back and take our emotions out of it. We need to distance ourselves from our ideas and look at other views as well. Set aside time to practice all of these thinking processes, and you will be able to successfully “think outside the box.” Inside The Box Thinking ‘Inside the box thinking' means to innovate within the constraints defined by the box. It is more generally described as constraint-based innovation. The idea behind it is understanding your constraints and utilizing those constraints to innovate beyond the box. The box can be an organization, government, or even a team. It defines where you are operating here and now. The box can contain inside constraints that you can change. Most people tend to think that good ideas only come from out of the box thinking, which is not true. Inside the box thinking is to constrain the problem but not the potential ways of solving it. Inside the box thinking is also to constrain the atmosphere, but not the team. Inside the box thinking is restricting the resources but not the ways to utilize them. Constraint-based innovation is hugely powerful in limiting resources and can empower a team to create something novel. Box Think Box Think is the process of combining BOTH outside the box and inside the box thinking. To ensure you have a complete view of all possibilities for innovation, you need to do both and this is done by crafting problem statements that challenge the teams during ideation/brainstorming to look at the problem in both ways. For more on Box Think, then download the free resources here. To know more about box think or combining BOTH outside the box and inside the box thinking, listen to this week's show: Box Think – Combining out of the Box and Inside the Box Thinking.  

 Box Think – Combining out of the Box and Inside the Box Thinking | File Type: audio/mpeg | Duration: 38:09

Box Think is doing both inside the box thinking and out of the box thinking. As we discussed in past shows, out of the box thinking is what most people use when they think of creative thinking. People often overlook what I call inside the box thinking and try to stay away from it. Out Of The Box Thinking The term “out of the box thinking” is a metaphor that means to think from a new perspective. It originally came from some management consulting firms that were trying to solve problems in new ways. The term was attached to a concept known as the nine-dot problem. When challenged to do “out of the box thinking,”, you need to utilize risk-oriented thinking. You need to take all the risk constraints out of the scenario, whether it is financial, technology-based, etc. Next, you need to rely on shared thinking. Shared thinking can be hard but is necessary to accelerate your ability to “think outside the box.” Lastly, practice reflective thinking. We all love our ideas, as they are our “babies.” In some cases, we need to take a step back and take our emotions out of it. We need to distance ourselves from our ideas and look at other views as well. Set aside time to practice all of these thinking processes, and you will be able to successfully “think outside the box.” Inside The Box Thinking ‘Inside the box thinking' means to innovate within the constraints defined by the box. It is more generally described as constraint-based innovation. The idea behind it is understanding your constraints and utilizing those constraints to innovate beyond the box. The box can be an organization, government, or even a team. It defines where you are operating here and now. The box can contain inside constraints that you can change. Most people tend to think that good ideas only come from out of the box thinking, which is not true. Inside the box thinking is to constrain the problem but not the potential ways of solving it. Inside the box thinking is also to constrain the atmosphere, but not the team. Inside the box thinking is restricting the resources but not the ways to utilize them. Constraint-based innovation is hugely powerful in limiting resources and can empower a team to create something novel. Box Think Box Think is the process of combining BOTH outside the box and inside the box thinking. To ensure you have a complete view of all possibilities for innovation, you need to do both and this is done by crafting problem statements that challenge the teams during ideation/brainstorming to look at the problem in both ways. For more on Box Think, then download the free resources here. To know more about box think or combining BOTH outside the box and inside the box thinking, listen to this week's show: Box Think – Combining out of the Box and Inside the Box Thinking.  

 Using Strategy to Create Innovation Advantage | File Type: audio/mpeg | Duration: 38:13

This week’s guest has been around in the innovation industry for quite some time. We know a lot of the same people as we were at two companies that worked closely together. Brad Chase is an author and a former Senior VP at Microsoft. We will discuss innovation advantage through strategy and insights from his book, Strategy First: How Businesses Win Big. Early Years Brad’s stepfather used to go to Heathkit stores to find computer parts and build computers. Through this, Brad saw a lot of future potential in personal computers. He ended up going to business school, and after finishing, he interviewed with companies such as Apple, Microsoft, and HP. He ended up landing a job with Microsoft, where he spent 14 years exploring innovative advantages. While at Microsoft, Brad led the marketing efforts for the Windows 95 launch. It was the first operating system to help PCs go mainstream. Windows 95 ushered personal computers, Microsoft and Bill Gates into the mainstream media and technology world. Exploring Innovation Advantage Brad learned a lot about strategy from Bill Gates. At Microsoft, he learned how the company had bet on the PC. They believed there would be a PC in every home on every desk, running Microsoft software. Right away, he learned that making bets is vital to success. If you bet on the wrong thing, you fail, but if you bet on the right thing, you will have a chance at success. When Brad first started, Microsoft was doing poorly on word processing and spreadsheets and was behind its competitors. Microsoft decided to bet on a GUI (Graphical User Interface) and made a big risky bet on Windows, which turned out to be very successful. They eventually went on to become the leader in applications by using innovation advantages. Microsoft built most of their applications from the ground up. A significant difference between Microsoft and Apple was that anyone could build a Windows computer as well as applications for it. Apple was a closed ecosystem where the users were not able to do that. Strategy First: How Businesses Win Big When Brad was talking strategy to different businesses and MBA students, people would always ask him if he had a book. He did some research and found out there were no books that talked about strategy in a clear and easily understandable way, and that is how his book was born. The purpose of the book is to show that strategy is the most important thing to the success of a business leader and to give a model and tips about how to build a good strategy. In many organizations, the strategy can mean a thousand different things. Brad defines strategy as a plan to compete with three key elements: execution, market potential, and customer value. Customer value is the inherent value of a product or service to a customer. The market potential is generally about how much profit you can make. At the Innovation Bootcamp, we don’t look at financials first when evaluating an idea. We say to value the idea first on the standpoint of impact and to achieve the objective. Once you’ve identified those ideas, you build a hypothesis on what the market potential is. Some people lose focus on the idea and don’t add the strategy in, which is a bad idea. Advice for the Listeners Brad gives five key tips for building a new strategy in his book. The first is to seek change. Whenever there is a change in the market, such as COVID-19, there is a strategic opportunity to put innovative advantages into play. The internet, as an example, has made some businesses fail, and others succeed. Secondly,

 Using Strategy to Create Innovation Advantage | File Type: audio/mpeg | Duration: 38:13

This week’s guest has been around in the innovation industry for quite some time. We know a lot of the same people as we were at two companies that worked closely together. Brad Chase is an author and a former Senior VP at Microsoft. We will discuss innovation advantage through strategy and insights from his book, Strategy First: How Businesses Win Big. Early Years Brad’s stepfather used to go to Heathkit stores to find computer parts and build computers. Through this, Brad saw a lot of future potential in personal computers. He ended up going to business school, and after finishing, he interviewed with companies such as Apple, Microsoft, and HP. He ended up landing a job with Microsoft, where he spent 14 years exploring innovative advantages. While at Microsoft, Brad led the marketing efforts for the Windows 95 launch. It was the first operating system to help PCs go mainstream. Windows 95 ushered personal computers, Microsoft and Bill Gates into the mainstream media and technology world. Exploring Innovation Advantage Brad learned a lot about strategy from Bill Gates. At Microsoft, he learned how the company had bet on the PC. They believed there would be a PC in every home on every desk, running Microsoft software. Right away, he learned that making bets is vital to success. If you bet on the wrong thing, you fail, but if you bet on the right thing, you will have a chance at success. When Brad first started, Microsoft was doing poorly on word processing and spreadsheets and was behind its competitors. Microsoft decided to bet on a GUI (Graphical User Interface) and made a big risky bet on Windows, which turned out to be very successful. They eventually went on to become the leader in applications by using innovation advantages. Microsoft built most of their applications from the ground up. A significant difference between Microsoft and Apple was that anyone could build a Windows computer as well as applications for it. Apple was a closed ecosystem where the users were not able to do that. Strategy First: How Businesses Win Big When Brad was talking strategy to different businesses and MBA students, people would always ask him if he had a book. He did some research and found out there were no books that talked about strategy in a clear and easily understandable way, and that is how his book was born. The purpose of the book is to show that strategy is the most important thing to the success of a business leader and to give a model and tips about how to build a good strategy. In many organizations, the strategy can mean a thousand different things. Brad defines strategy as a plan to compete with three key elements: execution, market potential, and customer value. Customer value is the inherent value of a product or service to a customer. The market potential is generally about how much profit you can make. At the Innovation Bootcamp, we don’t look at financials first when evaluating an idea. We say to value the idea first on the standpoint of impact and to achieve the objective. Once you’ve identified those ideas, you build a hypothesis on what the market potential is. Some people lose focus on the idea and don’t add the strategy in, which is a bad idea. Advice for the Listeners Brad gives five key tips for building a new strategy in his book. The first is to seek change. Whenever there is a change in the market, such as COVID-19, there is a strategic opportunity to put innovative advantages into play. The internet, as an example, has made some businesses fail, and others succeed. Secondly,

 How to Use Nature to Innovate Manufacturing | File Type: audio/mpeg | Duration: 38:09

This week’s show is a follow up of a recent episode we did about 3D printing. A lot of the listeners were interested in learning more about the overall tools and techniques of 3D printing. Andy Roberts, Vice President, inventor, and lead developer of Live Parts™ at Desktop Metal, joins us to discuss 3D printing and how they seek to innovate manufacturing processes. Background Andy Roberts was in the software industry for many years before getting involved with 3D printing. Eventually, he wanted to be involved in something more tangible, like manufacturing. When Desktop Metal started, he saw an opportunity to innovate manufacturing by mixing software with hardware through 3D printing technology. I have a little background in subtractive manufacturing, or building by removing material. My father worked at an old milling machine company. I find additive manufacturing, or construction by adding material, very interesting. The technology allows parts to be made in ways that they weren’t able to be made before. The creation of finished or near-finished products makes the technology quite sophisticated. Desktop Metal is building printers for the creation of products, as well as the software for people to use them properly. Good software is essential. If a user is not from a manufacturing background, the software will still allow them to create quality parts. Live PartsTM Andy was interested in innovating manufacturing by creating new design tools for engineers. One day, he was looking out a window and watching trees blow in the wind. Thinking about nature, he asked how no one designs a tree. One plants a seed, then it grows and adapts on its own. Andy started studying cells and how individual cells grow and take the form of different shapes. He created a prototype design tool based on this process. While it seemed like a cool idea twelve years ago, the technology was not there, so Andy put it on the shelf and pursued other ventures. Desktop Metal started four years later. He reached out to them to help build this software through 3D printing. The process begins with an assembly of existing parts. You then designate the regions that have to connect to different parts and send the information to the system. You need to specify the material which defines the strength of the parts. The system knows to get rid of excess material for less weight or to add material for more strength. Innovating Manufacturing Processes Andy walked us through a video showing the process of a skateboard being created by Live PartsTM. The parts were shown growing to fill in the regions connecting the pieces. Next, they went through a process of adapting, in which old cells were killed off, and new cells were spawned. The analysis of the part simultaneously takes place as the part grows, similarly to what happens in nature. When it comes to different materials, the parts can be very different. Engineers have the opportunity to choose different materials and change them during the process based on their wants. The parts react just like living cells and adapt accordingly, which is how Live PartsTM has innovated manufacturing through 3D printing. Advice for the Listeners In the innovator space, there is a lot of interest in rapid prototyping to get ideas tangible. Many innovators have the ideas but don’t have a mechanical background or any experience with 3D printing. Andy recommends that innovators get their feet wet with 3D printing in some capacity. If you work for an organization that has access to printing materials such as plastic or polyme...

 How to Use Nature to Innovate Manufacturing | File Type: audio/mpeg | Duration: 38:09

This week’s show is a follow up of a recent episode we did about 3D printing. A lot of the listeners were interested in learning more about the overall tools and techniques of 3D printing. Andy Roberts, Vice President, inventor, and lead developer of Live Parts™ at Desktop Metal, joins us to discuss 3D printing and how they seek to innovate manufacturing processes. Background Andy Roberts was in the software industry for many years before getting involved with 3D printing. Eventually, he wanted to be involved in something more tangible, like manufacturing. When Desktop Metal started, he saw an opportunity to innovate manufacturing by mixing software with hardware through 3D printing technology. I have a little background in subtractive manufacturing, or building by removing material. My father worked at an old milling machine company. I find additive manufacturing, or construction by adding material, very interesting. The technology allows parts to be made in ways that they weren’t able to be made before. The creation of finished or near-finished products makes the technology quite sophisticated. Desktop Metal is building printers for the creation of products, as well as the software for people to use them properly. Good software is essential. If a user is not from a manufacturing background, the software will still allow them to create quality parts. Live PartsTM Andy was interested in innovating manufacturing by creating new design tools for engineers. One day, he was looking out a window and watching trees blow in the wind. Thinking about nature, he asked how no one designs a tree. One plants a seed, then it grows and adapts on its own. Andy started studying cells and how individual cells grow and take the form of different shapes. He created a prototype design tool based on this process. While it seemed like a cool idea twelve years ago, the technology was not there, so Andy put it on the shelf and pursued other ventures. Desktop Metal started four years later. He reached out to them to help build this software through 3D printing. The process begins with an assembly of existing parts. You then designate the regions that have to connect to different parts and send the information to the system. You need to specify the material which defines the strength of the parts. The system knows to get rid of excess material for less weight or to add material for more strength. Innovating Manufacturing Processes Andy walked us through a video showing the process of a skateboard being created by Live PartsTM. The parts were shown growing to fill in the regions connecting the pieces. Next, they went through a process of adapting, in which old cells were killed off, and new cells were spawned. The analysis of the part simultaneously takes place as the part grows, similarly to what happens in nature. When it comes to different materials, the parts can be very different. Engineers have the opportunity to choose different materials and change them during the process based on their wants. The parts react just like living cells and adapt accordingly, which is how Live PartsTM has innovated manufacturing through 3D printing. Advice for the Listeners In the innovator space, there is a lot of interest in rapid prototyping to get ideas tangible. Many innovators have the ideas but don’t have a mechanical background or any experience with 3D printing. Andy recommends that innovators get their feet wet with 3D printing in some capacity. If you work for an organization that has access to printing materials such as plastic or polyme...

 Audio Innovations You Can Hear | File Type: audio/mpeg | Duration: 38:07

This week’s guest innovates in an area that most view as already being innovated to its max potential. This view can’t be further from the truth, as this innovator and his team have made game-changing new products. Dave Fabry, Chief Innovation Officer at Starkey, joins us to discuss the innovation of hearing aids. We will discuss audio innovations and what Dave and Starkey are doing to advance hearing aids technology. Dave’s Background Dave is not the typical CIO, as he didn’t come from a tech background. Growing up, he wanted to be a veterinarian and found audiology while on that path. In the early 1980s, Dave went to the Mayo Clinic as an extern, and fell in love with clinical practice and working one-on-one with those who suffered from bad hearing but were reluctant to use aids. After getting his PHD., he went on to Walter Reed Army Medical Center, where he got direct exposure to acoustic pathology that many soldiers struggle with. Later in his career, he switched over from the clinical side of audiology to the industry side, and that eventually lead him to Starkey. Hearing Aid Technology In the U.S, only one in three people that need hearing aids wear them. If people become complacent with that, they leave room for a newcomer to disrupt. The mission at Starkey is to self-disrupt the market while still focusing on its core strategy of better hearing. They wanted to provide the first hearing aid with employed sensors connected to the internet. Starkey aims to turn hearing aids from something that people have to wear, into something they want to have and wear. On the show, we have talked about battling innovation antibodies, and how people deal with their innovation antibodies in an organization. At Starkey, Dave challenges himself to look at what the needs of the patient are rather than what his perspective would lead him to believe. He wears the products at times and works directly with patients when working on new technology. Many organizations view innovation programs as lab-oriented activities. You need to get out there and see first-hand what the customer is interested in, to fill their needs and wants genuinely. Starkey’s Audio Innovations Dave has a relatively young staff under him at Starkey. The average first-time hearing aid user is 67 years old. Starkey continually has to adjust their perspective to that of the end-user as they do not see things the same way as their older users might. On top of that, they have to care enough to learn about the patient’s situation. They are increasingly taking in consideration of other elements that the family and users need. One challenge of innovating for an aging population is the intimidation factor. For me, I had my Starkey’s custom-built to help me hear questions coming from large audiences, and I’m a tech-savvy person. If it were my grandparents in the same situation, it would go right over their heads. Starkey focuses on creating hearing that is useful and effective without much effort from the user. They recently introduced Edge Mode that uses AI technology that provides an acoustic analysis of the situation by just tapping on the device. Starkey has partnered with companies like Apple, Google, and Amazon to take advantage of cloud computing. They also have a feature called thrive care that allows the family to monitor the user’s activity from an app with the user’s permission. They also have Bluetooth features that are compatible with iPhone and Android platforms. Challenges/Changes

 Audio Innovations You Can Hear | File Type: audio/mpeg | Duration: 38:07

This week’s guest innovates in an area that most view as already being innovated to its max potential. This view can’t be further from the truth, as this innovator and his team have made game-changing new products. Dave Fabry, Chief Innovation Officer at Starkey, joins us to discuss the innovation of hearing aids. We will discuss audio innovations and what Dave and Starkey are doing to advance hearing aids technology. Dave’s Background Dave is not the typical CIO, as he didn’t come from a tech background. Growing up, he wanted to be a veterinarian and found audiology while on that path. In the early 1980s, Dave went to the Mayo Clinic as an extern, and fell in love with clinical practice and working one-on-one with those who suffered from bad hearing but were reluctant to use aids. After getting his PHD., he went on to Walter Reed Army Medical Center, where he got direct exposure to acoustic pathology that many soldiers struggle with. Later in his career, he switched over from the clinical side of audiology to the industry side, and that eventually lead him to Starkey. Hearing Aid Technology In the U.S, only one in three people that need hearing aids wear them. If people become complacent with that, they leave room for a newcomer to disrupt. The mission at Starkey is to self-disrupt the market while still focusing on its core strategy of better hearing. They wanted to provide the first hearing aid with employed sensors connected to the internet. Starkey aims to turn hearing aids from something that people have to wear, into something they want to have and wear. On the show, we have talked about battling innovation antibodies, and how people deal with their innovation antibodies in an organization. At Starkey, Dave challenges himself to look at what the needs of the patient are rather than what his perspective would lead him to believe. He wears the products at times and works directly with patients when working on new technology. Many organizations view innovation programs as lab-oriented activities. You need to get out there and see first-hand what the customer is interested in, to fill their needs and wants genuinely. Starkey’s Audio Innovations Dave has a relatively young staff under him at Starkey. The average first-time hearing aid user is 67 years old. Starkey continually has to adjust their perspective to that of the end-user as they do not see things the same way as their older users might. On top of that, they have to care enough to learn about the patient’s situation. They are increasingly taking in consideration of other elements that the family and users need. One challenge of innovating for an aging population is the intimidation factor. For me, I had my Starkey’s custom-built to help me hear questions coming from large audiences, and I’m a tech-savvy person. If it were my grandparents in the same situation, it would go right over their heads. Starkey focuses on creating hearing that is useful and effective without much effort from the user. They recently introduced Edge Mode that uses AI technology that provides an acoustic analysis of the situation by just tapping on the device. Starkey has partnered with companies like Apple, Google, and Amazon to take advantage of cloud computing. They also have a feature called thrive care that allows the family to monitor the user’s activity from an app with the user’s permission. They also have Bluetooth features that are compatible with iPhone and Android platforms. Challenges/Changes

 Inside the Box Thinking | File Type: audio/mpeg | Duration: 38:07

Over the last few weeks, we have been focusing the shows on different thinking styles, such as out of the box thinking. This week's topic is a different twist on what we have been recently discussing. People often overlook what I call inside the box thinking and try to stay away from it. On today's show, we will discuss inside the box thinking and how it can be utilized in any team or organization to boost innovation success. Inside the Box Thinking ‘Inside the box thinking' means to innovate within the constraints defined by the box. It is more generally described as constraint-based innovation. The idea behind it is understanding your constraints and utilizing those constraints to innovate beyond the box. The box can be an organization, government, or even a team. It defines where you are operating here and now. The box can contain inside constraints that you can change. It may also include outside the box constraints that are out of your control. Let's look at what those constraints can look like: * Strategy/Vision – Going into a particular market with a fixed and specific plan. * Policies/Procedures – Depending on how these are set up, they can be very constraining. * Decision Making – Who makes the decisions? What are the decision-making criteria? * Resource Allocation – How does your organization allocate resources (time, people, money, equipment)?  The Seven Laws of Innovation Dealing with inside constraints can be a tough task. What I like to call the seven laws of innovation [1], are laws that are critically important for inside the box thinking. Here's what the seven laws mean: * Leadership – Having leaders within an organization that support innovation is critical. An alignment amongst the organization must happen to achieve innovation success. * Innovation Culture – Culture is key because an innovation culture encourages people to get out and try new ideas. Likewise, a bad culture can drag an organization down. * Resources – It is critical to have resources that are devoted to innovation, and to use your best resources.  * Patience – Inside innovation takes time. Stay committed. * Innovation Framework Process – You need to have an innovation framework process that is tailored to your organization's culture. * Big Hairy Audacious Goal (BHAG) – What is the colossal objective that you are going to pursue? The goal needs a timeline and plan of execution. * Execution – Remember that ideas without execution are hobbies. There is no value without execution. Outside Constraints These can include competition, outside investments, partners/suppliers, government regulations, etc. I've worked in regulated industries, which have given me a good perspective on what this is all about. Outside constraints are typically outside of your control and have been imposed upon you. These don't always have to be negative and can often be used to your advantage. Let's look at what these are: * Competition – If your competitor is much larger than you, they can invest and fund a lot more than you. You can innovate around the economy of scale by blowing it up. Look at what Uber and Lyft did to the taxi and rental car industry. * Outside Investments – Innovation requires capital. It is challenging to do game-changing innovations without capital these days. That being said, there are a ton of different ways to get capital. * Partners/Suppliers – If you combine your innovation efforts w...

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