Disruptive Entrepreneurship & Innovation
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Disruptive Entrepreneurship & Innovation
Entrepreneurship based on "blue ocean" principles, i.e., "disrupting and changing the rules of the game".
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How to Innovate, From Sephora’s Innovation Lab

How to Innovate, From Sephora’s Innovation Lab | Disruptive Entrepreneurship & Innovation | Scoop.it
Senior Director of Sephora’s Innovation Lab Johnna Marcus spoke at the L2 Mobile Clinic about how the Lab creates and fosters a culture of innovation.
Russ Merz, Ph.D.'s insight:
Need a lesson in how to be an innovative brand? See how Sephora does it.
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Russ Merz, Ph.D.'s curator insight, April 18, 4:04 PM
Need a lesson in how to be an innovative brand? See how Sephora does it.
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Three Ways Niche Players Can Connect With the C-Suite

Three Ways Niche Players Can Connect With the C-Suite | Disruptive Entrepreneurship & Innovation | Scoop.it
Customer Relationships - We all have dream clients—company logos we'd love to place on our homepage. The only way to get there, in most cases, is by engaging with senior decision-makers over time—starting ...
Russ Merz, Ph.D.'s insight:
Do You Know How Niche Players Can Connect With the C-Suite? Here are 3 Ways.
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Customer Discovery Scoreboard: Survey 0; FieldTrip 1 - The SearchLite

Customer Discovery Scoreboard: Survey 0; FieldTrip 1 - The SearchLite | Disruptive Entrepreneurship & Innovation | Scoop.it
There are many tools that can be used within the realm of Customer Discovery Research for early-phase startups, including interviews, phone engagements, sur
Russ Merz, Ph.D.'s insight:

A great example of how building networks can help digital startups take innovation to market. 

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Dutch police are training eagles to take out drones

The anti-drone arms race just got serious. As tech firms and law enforcement experiment with radio jammers and net-wielding interceptor drones to take down rogue quadcopters, police in the...
Russ Merz, Ph.D.'s insight:

Want to ruin a drone's day? Get one of these "interceptor raptors".

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Retailers Ignoring Digital Opportunity. Disruption Awaits.

Retailers Ignoring Digital Opportunity. Disruption Awaits. | Disruptive Entrepreneurship & Innovation | Scoop.it
Digital #disruption is both a threat and an opportunity. Retailers realized only 15 percent of #Digital Value at Stake in 2015. Read http://c-cf.link/?S15R13
Russ Merz, Ph.D.'s insight:

If you are a retailer, or working in retailing, new research suggests that digital disruption in your industry is both a threat and an opportunity. #digitalmarketing  #digitaltransformation  

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Let’s Talk About Scale | Mattermark

Let’s Talk About Scale | Mattermark | Disruptive Entrepreneurship & Innovation | Scoop.it
This is a guest post by Steven Carpenter, an Executive-in-Residence at Accel, and former Global Sales & Operations at Dropbox. Scale. Ready or not, you’ll be forced to figure out how to scale your company as you gain momentum. But, don’t start worrying about scale too soon…though don’t wait too long either! If you are … Read More
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Know what scale means for startups? Here's a useful primer.

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How To Successfully Incubate Your Incubator - Brand Quarterly

How To Successfully Incubate Your Incubator - Brand Quarterly | Disruptive Entrepreneurship & Innovation | Scoop.it
While there's PR value and cultural topspin in simply having an incubator, the point is to ensure you get more powerful pipelines and attractive ROI on all the resources you pour in. Here's a short, sharp set of killer questions to help stir up meaningful, profitable change.
Russ Merz, Ph.D.'s insight:

How can you ensure that your "innovation lab" will deliver value? Here are 9 critical questions that you need to answer.

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Who are the crowdfunding investors? (Infographic) | Netimperative - latest digital marketing news

Who are the crowdfunding investors? (Infographic) | Netimperative - latest digital marketing news | Disruptive Entrepreneurship & Innovation | Scoop.it
Crowdfunding has become a popular alternative finance method, with investors choosing to back a huge variety of projects – but who are these investors? This infographic, from ChoiceLoans.co.uk, looks at 10 Insights on Crowdfunders, with some of the findings including the following: · 64% of crowdfunders are men. · Crowdfunders are most likely to contribute ...
Russ Merz, Ph.D.'s insight:

Curious about the profiles of crowdfunding contributors? Here are some demographics and other stats about their characteristics.

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BarnRaisers30 statistics explain struggles and success of Startups | BarnRaisers

BarnRaisers30 statistics explain struggles and success of Startups | BarnRaisers | Disruptive Entrepreneurship & Innovation | Scoop.it
We've been inspired by Startups' success but also know the many struggles. We have to make decisions knowing the facts and you should too.
Russ Merz, Ph.D.'s insight:

Do you know what makes the difference between success and struggle for start-up businesses? Here are 30 facts to consider.

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Speed as a Habit

Speed as a Habit | Disruptive Entrepreneurship & Innovation | Scoop.it
All things being equal, speed will determine whether your company succeeds or not. Here's how to make it core to your culture.
Russ Merz, Ph.D.'s insight:

Looking for some good rules to guide your decision-making? Here are some good ones.

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The Disney Recipe

The Disney Recipe | Disruptive Entrepreneurship & Innovation | Scoop.it
A corporate strategy that keeps on giving.
Russ Merz, Ph.D.'s insight:

A great example of how the business model envisioned by one of the 20th centuries greatest entrepreneurs spawned an entertainment industry giant.

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The 5 Requirements of a Truly Innovative Company

The 5 Requirements of a Truly Innovative Company | Disruptive Entrepreneurship & Innovation | Scoop.it

Can you think of any business topic that’s been hotter for longer than innovation? Trouble is, it’s hard to think of any business challenge where real pro­gress has been harder to come by. By now, your company probably has a new busi­ness incubator, an idea wiki, a disciplined process for mining customer insights, an awards program for successful innovators, and maybe even an outpost in Silicon Valley—all fine ideas—and yet, most likely, it still struggles to meet its growth goals and seldom thrills its customers. And it’s not just your company. In a McKinsey poll, 94% of the managers surveyed said they were dissatisfied with their company’s innovation performance.

 

By comparison, think of the long strides many businesses have made in reengineering their supply chains, boosting product quality, and rolling out lean six sigma. These efforts have paid huge dividends. And yet when it comes to innovation, the gap between aspiration and accomplishment seems as big as ever. What’s the problem?

 
Russ Merz, Ph.D.'s insight:

Do you know what it takes to be an innovative company? Here are 5 key requirements by Gary Hamel and Nancy Tennant. Definitely worth reading and saving for future reference.

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How To Measure Innovation (To Get Real Results)

How To Measure Innovation (To Get Real Results) | Disruptive Entrepreneurship & Innovation | Scoop.it

Metrics are a combination of art and science. The trick is to inspire action around the goals you set.

 

There’s an elephant in the room when it comes to "innovation." And it’s an ironic elephant given that we're all so hooked on data analytics, a/b testing, and getting metrics for anything and everything. Yet we all throw around terms like creativity, breakthroughs, and disruptive innovation. Companies eat up this stuff—they're fully on board. Innovation is going to shape the future. Sure—if we track and shape it. 

 

SOME MIGHT ARGUE THAT INNOVATION IS IMPOSSIBLE TO QUANTIFY. THEY'RE WRONG.

 

According to McKinsey, more than 70% of corporate leaders tout innovation as a top three business priority, but only 22% set innovation performance metrics.

The gap is problematic. Why aren't more companies measuring innovation? Because innovation is nebulous. Definitions differ. Expectations vary.

Russ Merz, Ph.D.'s insight:

Measuring and then managing anything based on the measures requires a theory about cause and effect. This article provides some thinking about some possible structure for measuring innovation. While the need is great,  clearly lots of work still needs to be done.

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cwilliams's curator insight, March 26, 2015 5:59 PM

22% of companies utilize an innovation metric. 

The Technopolicy Network's curator insight, April 29, 2015 5:06 AM

Innovation can be quantified

clara noble's curator insight, August 29, 2015 5:30 AM

Strategy, focus and metrics, a wining combination!

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Don’t Take Money from VCs Until You’ve Asked 4 Questions

Don’t Take Money from VCs Until You’ve Asked 4 Questions | Disruptive Entrepreneurship & Innovation | Scoop.it
Due diligence should go both ways.
Russ Merz, Ph.D.'s insight:
Are you thinking about starting a new venture and looking for VC capital to support the launch of your business? Here are 4 key questions to ask before taking their money.
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Borges’ Map: Navigating a World of Digital Disruption

Borges’ Map: Navigating a World of Digital Disruption | Disruptive Entrepreneurship & Innovation | Scoop.it
Three distinct waves of digital disruption have transformed information economics—and are challenging traditional notions of economies of scale. The new strategies this shift enables have the power to break the compromise between efficiency and innovation and to reshape entire industries.
Russ Merz, Ph.D.'s insight:

Do you know how "hyper-scaling", the most recent form of digital disruption, will transform business strategy? Here's a thought provoking discussion by BCG of this emerging new ecosystem. 

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What Are the Most Challenging Best Practices? - eMarketer

What Are the Most Challenging Best Practices? - eMarketer | Disruptive Entrepreneurship & Innovation | Scoop.it

Best practices can help businesses run more efficiently, but sometimes identifying and integrating them internally is challenging, according to December 2015 research.

In a survey by General Electric (GE) and Edelman Berland, which asked respondents to choose their three most challenging best practices to implement for enabling innovation, almost half (43%) of business executives worldwide said that creating a connected culture where idea-sharing is facilitated and where all the contributing parties are recognized and rewarded was one of them.

And nearly the same amount of respondents said that creating a set of metrics to decide which product or service should be funded or killed, as well as having a clear process and structure in place to manage innovation, were among the most challenging best practices to implement.

 

Russ Merz, Ph.D.'s insight:

Do you know the most challenging best practices for enabling innovation? Here are the top 8 reported by executives in a recent research study. 

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Customer Validation Before Marketing Investment

Are you REALLY ready to invest?

Many life science companies may be facing a chasm even though they are well beyond start-up mode with many years in business, increasing revenues, and a growing customer base. It's quite common for these organizations to invest in expensive technologies, eg, marketing automation, to accelerate top-line sales growth, but two key questions to ask are

Has the organization truly identified a specific target customer?Does the organization understand the buyer persona and customer organization well enough to justify significant investments in marketing?

Steve Blank's Customer Development Framework offers good perspective on this situation (Figure 2). History has shown that many early-stage organizations leap to Customer Creation (let's use marketing automation as an example), before they truly validate their customer. When a marketing team or agency doesn't have sufficiently granular insights into the buyer, throwing money at marketing and sales can be wasteful.

Russ Merz, Ph.D.'s insight:

Why is customer validation critical to start-up success? This article lays out the reasons.

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Top 3 Innovation Highlights in the News (wk. ending 12/18) - G51 Amplify

Top 3 Innovation Highlights in the News (wk. ending 12/18) - G51 Amplify | Disruptive Entrepreneurship & Innovation | Scoop.it
The following articles are the Top 3 Innovation Highlights in the recent week with a brief snapshot summary of their strategic importance to your firm: 1) Demystifying Cisco's Five-Pillar Innovation Strategy (Forbes); 2) What Research Tells Us About Creativity and Innovation (Harvard Business Review) and 3) Patents: The Mother of All Innovation Challenges (Forbes).
Russ Merz, Ph.D.'s insight:

Three ways to assess the strategic importance and impact of innovation to the firm.

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Google Analytics Infographic to improve your Marketing

Google Analytics Infographic to improve your Marketing | Disruptive Entrepreneurship & Innovation | Scoop.it
Use this Google Analytics Infographic to improve traffic building and conversion. Google Analytics provides a wealth of analytics, more than basic stats.
Russ Merz, Ph.D.'s insight:

10 Ways to Use Google Analytics for Improving Your Digital Marketing 

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It’s Not You…It’s Your Metrics: 3 Steps To Measuring Innovation in Real-Time

It’s Not You…It’s Your Metrics: 3 Steps To Measuring Innovation in Real-Time | Disruptive Entrepreneurship & Innovation | Scoop.it
This article was previously published by Forbes. Do your metrics reveal your company’s innovation snags and successes in real-time? Unless you’re tra
Russ Merz, Ph.D.'s insight:

Look for a way to measure your firm's innovation? Check out this measurement framework for some ideas.

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Secrets To Scaling Up: Not All Funding Is Created Equal

Secrets To Scaling Up: Not All Funding Is Created Equal | Disruptive Entrepreneurship & Innovation | Scoop.it

GUEST POST WRITTEN BY

Maria Pinelli

EY Global Vice Chair, Strategic Growth Markets

When you are scaling up your business one of the most important elements to get right is funding. Without sufficient investment coming into the business at the right time, all efforts to grow it from startup to the next big thing will be thwarted.

The past few years have seen the emergence of several new funding options for growth businesses, so it is more important than ever to choose the right kind of deal for your venture. It’s also important that the availability of funding doesn’t lead to the wrong growth decisions being made.

 

Alongside the traditional routes of venture capital, angel funding, private equity and bank loans, growth firms now also have the choice of equity crowdfunding, which amasses small investments from many individual investors; peer to peer lending, which amalgamates small loans from many individual lenders; and even customer bonds, where customers lend you the money you need. All of these are increasingly creeping into the traditional growth funding space – crowdfunding platform Crowdcube for example has already funded a number VC-level deals of between £1 million and £2 million.

 

The first factor to consider when making a decision is whether your business only needs money to help it scale up, or whether it needs expert advice, mentoring and contacts too.  Angel funding is typically offered by experienced business people so the mentoring role can be as valuable as the investment itself. Venture capital comes with much useful advice and contacts but can also come with tough love – if the management is not up to the task they may be shown the door. Equity crowdfunding, peer to peer lending and customer bonds come with no advice at all, unless you count the enthusiastic input of several hundred individuals keen to offer their unsolicited thoughts.

 

You also need to think about how long you will need the money for – and when you can realistically pay it back. Venture capitalists expect quick returns, typically demanding a return on investment after three to five years. Angel and private equity investors generally run on a gentler timescale of at least five to seven years, while equity crowdfunding comes with no timescale at all. Peer to peer lending, as provided by Funding Circle, for example, offers loan terms of up to five years, while customer bonds are usually fixed for periods of three or four years. If your business is at the stage where it needs the freedom to grow at its own pace, choose an option that gives you this flexibility.

   

Make sure you understand your timing constraints too. Peer to peer lending can be arranged within a week and equity crowdfunding in the space of a few weeks, but finding the right venture capitalist, angel or private equity investor can take many months, or even years. Give yourself enough time to get a funding deal in place. If you leave it too late and run out of cash, you may no longer have a business to invest in.

 

One more thing to consider – equity crowdfunding is still in its infancy and although it has funded many businesses, investors have largely yet to see any returns. The valuations currently being placed on businesses are also extremely high, meaning any future returns may be small. Therefore there has to be some concern about how sustainable this model can be in the longer term. Already it is increasingly the case that ventures are having to bring along their own crowd of investors to get funding secured.

 

Finally, ask yourself if you do really need to get funding right now. Just because it’s available doesn’t automatically mean you should grab it. If your business is growing then the longer you are able to wait, the less equity you will need to give away for the same amount of investment. Also, growth plans should be established first, with the right funding being chosen to meet those plans rather than vice versa.

 

http://www.forbes.com/sites/groupthink/2015/09/01/secrets-to-scaling-up-not-all-funding-is-created-equal/

Russ Merz, Ph.D.'s insight:

Are you looking for funding sources to scale your start-up business? Here are some things to consider.

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The Top 5 Industries for Disruptive Growth in 2015 (Infographic)

The Top 5 Industries for Disruptive Growth in 2015 (Infographic) | Disruptive Entrepreneurship & Innovation | Scoop.it
Inc. 500 CEOs don't fear tech's changes--and sense vulnerability in some very serious sectors.
Russ Merz, Ph.D.'s insight:

Watch for big changes in these 5 industries, they are ripe for disruptive innovation.

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This 'Uber For Car Mechanics' Startup Will Keep You From Spending Hours at the Auto Shop

This 'Uber For Car Mechanics' Startup Will Keep You From Spending Hours at the Auto Shop | Disruptive Entrepreneurship & Innovation | Scoop.it

Spending a Saturday at the auto body shop can feel like a giant waste of time. Long lines, overworked mechanics, and tiny waiting rooms with luke-warm coffee is no way to spend your free time. Understanding that frustration, one Chicago startup wants you to skip the mechanic's shop all together, and instead have the mechanic come to you, on-demand.

 

Capitalizing on the popularity of the sharing economy and Uber-for-X model, Chicago-basedoToBOTS is set to launch on Monday, providing an app and website for users to request a car mechanic within an hour.

Russ Merz, Ph.D.'s insight:

Looking for a way to get your auto repaired or serviced without the hassle of going to a mechanic's shop? Here's a new sharing economy service offering along the lines of Uber that might take off.

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What Big Companies Get Wrong About Innovation Metrics

What Big Companies Get Wrong About Innovation Metrics | Disruptive Entrepreneurship & Innovation | Scoop.it

They’re all measuring it, but few are doing it right.

 

The fear of getting Netflix-ed or Uber-ized is spurring big companies to dial up their investment in innovation. Companies as diverse as AIG, Disney, and Intuit have been building innovation teams, launching “accelerator” programs to attract promising startups, and giving employees seed funding to test out new ideas with real customers.

 

But as investment increases, many companies are struggling with a challenging question: how do you know whether your chosen innovation strategy is actually bearing fruit?

 

Beneath that question is a very real worry. If this new crop of Chief Innovation Officers, company-bred venture capitalists, and creative catalysts can’t prove that they’re moving the needle on things that actually matter to their employer, their jobs will almost certainly evaporate.

Russ Merz, Ph.D.'s insight:

Are you worried about using the right #innovation #metrics for your company? This article by Scott Kirsner gives an overview about the types of metrics commonly used and the five ways most measurement efforts fail.

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clara noble's curator insight, August 29, 2015 5:28 AM

Even more important than measuring is knowing exactly what to measure!

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How Startups Can Leverage Big Data For Success (Infographic)

How Startups Can Leverage Big Data For Success (Infographic) | Disruptive Entrepreneurship & Innovation | Scoop.it

Big data and analytics have exploded across industries and professions. Yet more than one-third of startups aren’t leveraging big data to their advantage.

In less than five years, the world is expected to have 50 times the amount of data that we have today, so it’s important that all companies—high-growth startups included—start taking advantage of tools to pull results and make strategic decisions.

There are many advantages to understanding data, and with the right tools, companies can analyze and manage data to help predict and reduce churn, and properly target new and current customers.

What else is big data good for, besides predicting and reducing churn? Check out the infographic below created by customer success platform Bluenose, for five ways your startup can leverage big data.

 

Russ Merz, Ph.D.'s insight:

Small businesses and startups, are you leveraging #bigdata to improve your success? Here are 5 ways to do it.

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