Executive summary: Technical graduates must be accomplished value creators to thrive over their careers. Worcester Polytechnic Institute (WPI) has pioneered the experiential education needed for success in the global innovation economy. In 2016 the WSJ selected WPI as the top U.S. school for combining teaching and research. (more…)
Executive summary: Solutions to many unmet customer and market needs are enabled by the convergence of exponentially improving technologies. Convergence science requires intensely collaborative and sustained value creation methodologies.
At the Internet of Things (IoT) conference in China last fall, with a thousand participants and many from manufacturing, I listen to Alibaba’s Jack Ma. He talked about his early career and some of the mistakes he made. He then, surprisingly, told the audience that they were all losing money, whether they knew it or not, because most of them were going away.(more…)
Your Value-Creation Playbook Is Core to Your Strategy
Executive summary: Creating sustainable customer and enterprise value is the purpose of a company, and all company functions must support those objectives. Each functional area in a company has a unique “playbook” that defines its goals and operating processes. Perhaps it is surprising, but remarkably few companies include a value-creation playbook as part of their strategy to assure success. Even fewer have a value-creation playbook at the strategic level to establish shared value-creation concepts and processes across all functions. The benefits from having a comprehensive, company-wide value-creation playbook can be transformative, as illustrated by SRI International.
Disruption: Established companies, when confronted with a disruptive change to their business model, almost all go away. The odds of adapting are likely less than 5%. Today we are seeing this play out in retail, transportation, and finance. (more…)
According to Jim Clifton, CEO of Gallup, “The American workforce has more than 100 million full-time employees. One-third of those employees are … engaged at work. They love their jobs and make their organization and America better every day.
At the other end, 16% of employees are actively disengaged — they are miserable in the workplace and destroy what the most engaged employees build. The remaining 51% of employees are not engaged — they’re just there.” (more…)
President Tsai of Taiwan came to Silicon Valley to open a new center devoted to innovation and entrepreneurship between the two countries. It is an example of how regions are working to improve their competitiveness by seeking out and leveraging the best global partners and resources, including venture capital. Below is a summary of the comments I made at the ceremony. (more…)