Idea To Value - Creativity And Innovation

In today's episode of the Idea to Value podcast, we speak with Professor Rita McGrath, one of the world's most respected experts on the intersection between strategy and innovation. See the full episode at https://wp.me/p6pllj-1sJ  One of the interesting points we cover is the concept of Inflection Points in innovation, and the management structures and governance from leadership required for innovation to thrive in a company. Topics covered in today's episode: 00:02:00 - Competitive advantages are no longer sustainable, and innovation is needed to replace these constantly 00:03:00 - Resource allocation is really at the core of strategy, and innovation requires these investments as well 00:04:30 - Major inflection points (a 10x change) at the time don't look like huge shifts, it is only afterwards that they become apparent 00:07:00 - The recipe of previous success is baked into the working practices of a company, but was once true will not always be true 00:09:30 - Many leaders can get into their positions w