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Innovation Excellence | Guiding Principles of Learned Innovation

Innovation Excellence | Guiding Principles of Learned Innovation | maverick | Scoop.it

1. Think Small. Peter Drucker once wrote, “Effective innovations start small. They are not grandiose.”

2. Disruptive Innovations are Crappy

3. Innovation is Combination. Important breakthroughs usually come from synthesizing ideas from different domains.

4. Passion and Perseverance Are Key

5. The 70/20/10 Portfolio

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Bye-Bye to the Billable Hour? Rash of Legal Startups Offer a Dot JD

Bye-Bye to the Billable Hour? Rash of Legal Startups Offer a Dot JD | maverick | Scoop.it
“So, for decades, clients have essentially underwritten the training of new lawyers, paying as much as $300 an hour for the time of associates learning on the job,” Mr. Segal wrote in July.

 

Perhaps that’s why engagement letters are now being drafted with stipulations that clients won’t shell out for the time of junior associates. “During the recession, you saw this shift in leverage away from law firms and lawyers and towards consumers and clients,” David Lat, managing editor of the widely-read legal blog, Above the Law, told Betabeat. “People are not willing to pay for what they used to pay for.”

 

By and large, these upstart young companies trying to capitalize on that frustration can be divided into two camps: startups make it easier and cheaper to get legal documents and startups that do the same for legal advice.

 

Think of them as an updated version of predecessors like LegalZoom, co-founded in 2001 by Robert Shapiro—the man better known as O.J. Simpson’s non-rhyming defense attorney—and Nolo.com.
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Knowledge@Wharton Today | Technology and Teaching: Flipping the Model

One of the most impressive innovators in education today is Salman Khan, founder of Khan Academy, an online learning portal.

 

he started making 10-minute videos of math lessons and posting them on YouTube. Much to his surprise, Khan found his cousins preferred learning from him via YouTube to learning from him in person. While they were grappling with new concepts for the first time, it was less intimidating to have their cousin not hovering over them, asking, “Did you understand this?”

 

According to Khan, several teachers have written to him, saying, “You’ve already given the lectures, so we assign watching the lectures for homework. And what used to be homework [solving problems] is now done in the classroom.” This shift has had a non-intuitive outcome, according to Khan, because “when teachers do that, they remove the one-size-fits-all lecture from the classroom and let students watch self-paced lectures at home.” What happens in class is interactive problem solving – which means, in effect, that the “teachers have used technology to humanize the classroom,” he says.

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The Joke’s On iTunes | The Drucker Exchange

The Joke’s On iTunes | The Drucker Exchange | maverick | Scoop.it

“In a time of rapid change distributors and distribution channels tend to change faster than anything else. And it is also on the distributors and distribution channels that the ‘Information Revolution’ is likely to have the greatest impact.” Peter Drucker in "Management Challenges for the 21st Century"

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Smart Innovators Value Smaller Teams Over Better Processes

Smart Innovators Value Smaller Teams Over Better Processes | maverick | Scoop.it
Instead of investing more in innovation process or cultural transformation, I'm observing more large organizations giving greater resources and responsibilities to ever-smaller teams. Innovation initiatives that were once handled by dozens a decade ago are now run by only handfuls.
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The Future of Self-Improvement, Part II: The Dilemma of Coaching Yourself

The Future of Self-Improvement, Part II: The Dilemma of Coaching Yourself | maverick | Scoop.it
Outstanding achievements don't just fall from the sky, they come from the relentless cultivation of learning and expertise. But how do we go about it?

 

According to author and researcher Joshua Foer, it's the dedication and willpower to doggedly push beyond the "OK Plateau." When most of us learn a new skill, we work to get just "good enough" and then we go on autopilot.

 

Foer identified four principles that he saw the experts using to remain alert and to keep learning:

1. Experts tend to operate outside their comfort zone and study themselves failing.

2. Experts will try to walk in the shoes of someone who's more competent than them.

3. Experts crave and thrive on immediate and constant feedback.

4. Experts treat what they do like a science. They collect data, they analyze data, they create theories, and they test them.

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InnoCentive Releases New Flagship Enterprise Innovation Management Platform - MarketWatch (press release)

InnoCentive Releases New Flagship Enterprise Innovation Management PlatformMarketWatch (press release)The ICCP is a one-stop shop for open innovation that allows commercial, government, and nonprofit organizations to easily engage the right individuals,...
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SKMurphy, Inc. » Appreciate Why Prospects Say “Your Baby Is Ugly”

I can't remember what the exact remark was, perhaps something about how a feature had been poorly implemented and should have been done a different way. My temptation was to ask "how would that help you on your designs" but the founder stood up and went into a short but animated speech about all of the really good reasons why the feature had been implemented that way. The demo proceeded somewhat uneventfully from that point with the lead manager from the prospect saying something to the effect of

 

"You have given us a lot to think about, give us a chance to discuss this and get back to you."

 

I was not sophisticated enough, or cynical enough, to understand that they would not be calling back. I was talking about it afterward with the other support person and I still remember his critique:

 

"Kim reacted like that guy was calling his baby ugly didn't he? He shut down their interest in working with us."

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Innovation Excellence | Innovation Insights From Four Types of Customers

Innovation Excellence |  Innovation Insights From Four Types of Customers | maverick | Scoop.it

Customers are a rich source of innovation insight, and the ultimate authority on what innovation is useful. All customers have "jobs to be done" but emerging, lead, and creative customers enable you to get ahead of the curve with insights into emerging requirements.

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SKMurphy, Inc. » Tips for B2B Customer Development Interviews

Lessons learned from taking part in interviews where the startup planned to offer a product or service to a business.

Have Two People Interview
Work From an Outline of 3-5 Key Questions
Focus on Past Behavior, Actual Situations, and Events To Bound the Problem.
Listen: You should be talking perhaps 1/6 to 1/4 of the time.
Probe for Quantities and Ranges
Probe For What’s Changed
Don’t Talk About Possible Solutions Until You Have Thoroughly Bounded Their Problem or Need.
Don’t Overstay Your Welcome.
De-Brief That Same Day
Follow Up By E-Mail.

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5 Principles of Innovation

5 Principles of Innovation | maverick | Scoop.it
The point is that it’s the mundane stuff that makes breakthrough innovations possible. Without that, you just have a bunch of wild ideas that you’ll never be able to see through.
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About Samuel Maverick | Maxims for Mavericks by Kent Healy

About Samuel Maverick | Maxims for Mavericks by Kent Healy | maverick | Scoop.it

The original Maverick – A true story

Samuel A. Maverick was a lawyer in south Texas during the middle of the nineteenth century. To settle a debt of $1,200, a client gave Maverick four hundred head of cattle. Little did Mr. Maverick know that these cattle would immortalize his name.

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