Cut outs #17

Random Network. Courtesy of screenpunk / Flickr.com 

Innovation: The value of Networks vs. Nodes

Automotive: How autonomous vehicles will change the insurance industry and analytics can help automotive firms find profits in the after sale and service markets

With the trend in bank branch closures continuing, how can branch networks be reimagined for the digital era?

Practical uses for Blockchain: Where and how can it be applied?

Taking risks and accepting failure: important ingredients for successful leadership through digital change

YouTube to launch paid music streaming service in 2018?

Market Trends: Early Stage and Seed Investment markets cooling off?

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Leadership and Open Innovation

Yesterday, Innovation Excellence published a forthright post by Paul Sloane about the factors impeding the growth of open innovation. IE lays the responsibility squarely on CEOs, who, the post argues, say all the right things about innovation, but aren’t following up with enough action.

The post made me think of this profile of Jack Welch, reflecting on his time as chairman and CEO of General Electric. Towards the end of the film he talks about how he saw his role as leader, as moving around the corporation “with a can of water in one hand and a can of fertilizer in the other”, using his knowledge, experience and expertise to help the companies and people who make GE to grow.

I’ve never worked for GE, so I’ve no idea how closely Jack Welch’s perception of his role matched the reality of what he did, but what is interesting is that of the few companies Paul Sloane names as making strides forward in open innovation, GE is on the list.