XPrize is a pretty big deal, but does it actually work? Is the world finally saved? This article in Inc. Magazine explains. Read the whole thing, but here is Steve Faktor’s quote from the piece: “The person who is motivated by social good may not always be the best executive to take the idea forward to […]
Four months after leaving American Express, I got a distressed call from a startup I brought into the company to build an innovative new service. Even though I was already deep into my book tour, I did exactly what Batman would have done – put on a flowy cape and agreed to meet. They needed advice –
At first, it was funny to hear insurers, IT firms, and startups with no revenues compare themselves to Apple. Since the iPod launched in 2001, I’ve seen hundreds of presentations that liberally use “learnings” from Apple. 1) The word is LESSONS, not “learnings”, my Hillbilly friend. 2) The comparison feels as fresh as that Michael Jackson impression your
Here’s the audio of a fun interview I did this morning on NPR’s Chicago station WBEZ about my 9 Corporate Personality Types article on Forbes.
I’ll be first to admit that I’m a reforming “innovation” trollop. I’ve thrown the word around too lightly, at any old sailor. I need a hot shower and a Brillo pad… What’s so bad about “innovation”? It doesn’t mean much…and maybe never did. Today, we use it to describe an iPhone newsreader app and the reinvention of space
This is a repost of Steve Faktor’s original viral article on Forbes. In a way, innovation is like sex: those talking about it most are probably doing it the least. Before founding IdeaFaktory, I’ve had the privilege (and collateral hair loss) of innovating at top Fortune 100 firms, where ‘talk’ was unavoidable. So I decided to codify my lessons
This is a re-post of Steve Faktor’s original article on Forbes Writing “HP is in trouble” is like a newscast starting with “Trouble in the Middle East today…” A sad cliché. Lucky for HP, no one dies… But no one truly lives, either. The company just laid off 29,000 people, its stock dropped 50% in a year,
Signing copies of Econovation after my speech at the CFO Magazine Conference in Orlando. Eat your heart out, Justin Bieber!