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Disruptive Business Models

By Mike Myatt, Chief Strategy Officer, N2growth

Disruptive Business ModelsHow disruptive is your business model? While much has been written about corporate vision, mission, process, leadership, strategy, branding and a variety of other business practices, it is the engineering of these practices to be disruptive that maximizes opportunities. Without a disruptive focus you are merely building your business model on a “me too” platform of mediocrity. Few things are more critical to your efforts in increasing your revenue growth and corporate sustainability than understanding the value of disruptive innovation. So, in today’s post I’ll examine the power of disruption as a key business driver…



 

Design Matters

By Mike Myatt, Chief Strategy Officer, N2growth

Design MattersSo, does design really matter? Let me make my position very clear…design absolutely matters. Whether it is aesthetic, functional, creative, process, innovative, intellectual, technical or applicational…design matters. While I have heard many a professional downplay the value of design, it has been my experience that most business people who espouse this opinion are commenting on something outside of their domain expertise in an attempt to justify a competing agenda or a position of ignorance. While this position may seem a bit harsh, it is nonetheless true. In today’s blog post I’ll examine why design matters.



 

Social Media 3.0

By Mike Myatt, Chief Strategy Officer, N2growth

Social Media 3.0Social Media 3.0…Okay, I said it and I’m sticking to it. It is time for Social Networking tools, applications and platforms to live up to their potential and make the iterative leap to next generation Social Networking, or “Social Media 3.0″ if you will…While I have no intention of disputing the commercial success of YouTube (Google purchased it for $1.65 Billion dollars when it was only a 9-month old company), FaceBook, MySpace, LinkedIn, or any number of other organizations that have monetized on their first mover or early adopter advantage, Social Media is still in its infancy. For Social Networking to make the next leap in maturation it will need to move beyond advertising driven consumer models, and evolve to an enterprise class business platform. In today’s post I’ll examine what needs to happen for Social Media to go 3.0…



 

The Innovation Song

By Mike Myatt, Chief Strategy Officer, N2growth 

The Innovation Song you ask? That’s right…The above video contains a song performed by a Stanford student which was submitted for his final project for a class entitled: “Innovation and Implementation in Complex Organizations.” The song was intended as a tribute to Gordon MacKenzie’s “Orbiting the Giant Hairball,” a book which puts forth some thoughts on how organizations can better address the issue of innovation. The video is superb, and nails the issues surrounding a lack of innovation better than many more detailed case studies which I have read over the years.  Many a CEO could benefit from downloading this song on their iPod. If this project didn’t get an “A” it should have…



 

Measuring Innovation

By Mike Myatt, Chief Strategy Officer, N2growth

Measuring InnovationMeasuring innovation is where the rubber meets the road. While it’s very easy to wax eloquent about innovation, I’ve found that for most companies, measuring innovation is quite a tall order. Moreover, even for those organizations that do measure innovation, are they measuring the right metrics, for the right reasons? I’ve authored many posts on the topic of innovation, and have lectured often on the necessity for executives to completely embrace innovation as a core focus area. The power of innovation to totally transform a mediocre business into a category dominant company is really only deniable by the ignorant or the prejudiced. However even those businesses that embrace the concept in theoretical fashion can fail to implement productive innovation management programs if they do not understand how to measure its impact. In today’s post I’ll address how to measure innovation…



 

Intellectual Property

By Mike Myatt, Chief Strategy Officer, N2growth

While the security aspects of intellectual property (“IP”) are often sacrificed for speed to market considerations in today’s world of mash-ups and knock-offs, I believe when it comes to IP it is possible to have your cake and eat it too. The protection of all forms of intellectual property (“IP”) should constitute common sense and require no real explanation, however the courts are littered with case law precedent that has been decisioned against some of the largest and most sophisticated companies on the planet. What should be routine business 101 protocol, can easily turn into major financial and operational debacles if you don’t have a solid grasp of IP law. In today’s post I’ll discuss the basics of identifying and protecting your intellectual property.



 

Finally, A Law Firm That Gets It…

By Mike Myatt, Chief Strategy Officer, N2growth

Surely I jest…A law firm that gets it? I have been waiting to be able to make this statement for most of my professional life, and to be candid, I actually thought I would be dead and buried long before I found a firm that would wake up and smell the roses. No single industry has been guilty of lagging behind the times more than the legal profession. In fact, I think it is fair to say that no industry is more adverse to change than our venerable friends in the practice of law. In today’s post I’ll refer you to a law firm in Chicago that is going to revolutionize the way attorneys conduct business in the future…  



 

Innovation is Hot…

By Mike Myatt, Chief Strategy Officer, N2growth

Innovation is definitely hot…Yesterday’s blog on innovation tools sparked an avalanche of inquiries asking for more posts on the topic of innovation. It seems as if each time I address the subject of innovation it triggers a Pavlovian response from our readers crying out for more information. While there is an innovation category on this blog containing several posts, and one of our more popular webcasts is focused on innovation and change, in today’s post I thought I’d go back to basics and discuss what innovation is, and is not… 



 

Innovation Tools

By Mike Myatt, Chief Strategy Officer, N2growth

Innovation seems to be at the top of the list for many CEOs as they attempt to maintain their competitive edge, drive sales growth, and increase brand equity. Today’s Myatt on Monday’s question comes from an intuitive CEO looking for a bit of help with where to start. The question he submitted asked: ”Are there any toolsets that can be used to streamline the innovation process?” There was a time in the not too distant past when the answer would have been no, but that’s not the case today…in the text that follows I’ll provide a list of vendors who offer solutions in the rapidly proliferating arena of idea and innovation management… 



 

ROI Reexamined

By Mike Myatt, Chief Strategy Officer, N2growth

There is little doubt that measuring Return On Investment (ROI) is a solid business principle that helps guide corporate decisioning. However for purposes of this blog post, I want you to think of ROI as return on imagination, ideas and innovation. It is the return on innovation that will allow companies to maintain their competitive edge and create sustainable growth even during a rough recessionary period. Peter Drucker said, “An established company which, in an age demanding innovation, is not able to innovate, is doomed to decline and extinction.”



 
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