{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/2fec86c4-2f6a-5de0-abd4-1301a5d509fc/6540cd44d96b46001232dbf8?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"Squeezing the Juice from Innovation: Maximizing the value of creativity","thumbnail_width":200,"thumbnail_height":200,"thumbnail_url":"https://open-images.acast.com/shows/6176cca5b67d9bb6fcf7eeff/1698745460483-8f86f3c4b21fef6ae531644e353ad7b7.jpeg?height=200","description":"<p>Episode #270 // Innovation is key to sustained performance. Whether we look at it from a company perspective, or at the level of countries and global economies, innovation fuels productivity and growth.&nbsp;</p><p><br></p><p>We’ve seen this over and over throughout the centuries, where a technological or scientific breakthrough has driven new levels of prosperity that were previously unimagined.&nbsp;</p><p><br></p><p>We now live in the most affluent times in human history. Our life expectancy and our standard of living is massively higher than it’s ever been.</p><p><br></p><p>Innovation, at the market level, drives much of this prosperity. And at the level of the individual firm, innovation is an essential ingredient of competitive advantage.&nbsp;</p><p><br></p><p>Squeezing every last drop out of the innovation lemon requires trade-offs, and if you don’t make these trade-offs consciously, they’ll be made for you.</p><p>&nbsp;</p><p>This episode explores some of the key trade-offs that leaders need to make when trying to stimulate innovation, while still maintaining control, including:</p><p><br></p><ul><li>Long-term v short-term value</li><li>Process control v creative adaptation</li><li>Centralized v decentralized decision making</li><li>Accountability v collaboration</li></ul><p><br></p><p><strong>Source Material:&nbsp;</strong></p><p><strong>United Nations Poverty Statistics</strong></p><p><a href=\"https://www.un.org/millenniumgoals/poverty.shtml\" rel=\"noopener noreferrer\" target=\"_blank\">Millennium Development Goals</a></p><p><strong>Change to Life Expectancy (50 Years)</strong></p><p><a href=\"https://www.macrotrends.net/countries/WLD/world/life-expectancy\" rel=\"noopener noreferrer\" target=\"_blank\">Macrotrends Research</a></p><p><strong>Patent Filings</strong></p><p><a href=\"https://www.patentbots.com/patentverse/company\" rel=\"noopener noreferrer\" target=\"_blank\">Ranking for Top Companies</a></p><p><strong><em>No Bullsh!t Leadership</em> episodes:</strong></p><p><a href=\"https://www.yourceomentor.com/episode115\" rel=\"noopener noreferrer\" target=\"_blank\">Ep.115: Does Innovation Create Value?</a></p><p><a href=\"http://www.yourceomentor.com/episode203\" rel=\"noopener noreferrer\" target=\"_blank\">Ep.203: Defending Against Disruptive Innovation</a></p><p><br></p><p>————————</p><p><br></p><p>FREE QUIZ: I’ve developed a 3-question quiz that’ll give you a&nbsp;free personalized podcast playlist tailored to where you are right now in your leadership career!</p><p><br></p><p><a href=\"https://quiz.tryinteract.com/#/63b3ac76a9986d0016a4c785\" rel=\"noopener noreferrer\" target=\"_blank\">Click here to take the 30-second quiz now to get your on-the-go playlist</a></p><p><br></p><p>————————</p><p><br></p><p>You can connect with me at:</p><p><br></p><p>Website: <a href=\"https://www.yourceomentor.com/\" rel=\"noopener noreferrer\" target=\"_blank\">https://www.yourceomentor.com</a></p><p><br></p><p>Facebook: <a href=\"https://www.facebook.com/yourceomentor\" rel=\"noopener noreferrer\" target=\"_blank\">https://www.facebook.com/yourceomentor</a></p><p><br></p><p>Instagram: <a href=\"https://www.instagram.com/yourceomentor\" rel=\"noopener noreferrer\" target=\"_blank\">https://www.instagram.com/yourceomentor</a></p><p><br></p><p>Linkedin: <a href=\"https://www.linkedin.com/company/yourceomentor\" rel=\"noopener noreferrer\" target=\"_blank\">https://www.linkedin.com/in/martin-moore-075b001/</a></p><p><br></p><p>Youtube: <a href=\"https://www.youtube.com/@YourCEOMentor\" rel=\"noopener noreferrer\" target=\"_blank\">https://www.youtube.com/@YourCEOMentor</a></p><p><br></p><p>————————</p><p><br></p><p>Our mission here at Your CEO Mentor is to improve the quality of leaders, globally.&nbsp;</p><p><br></p>","author_name":"Martin G Moore"}