The 11 Bad Habits Killing Innovation in Your Company

Jurate Gulbinas   |   10 Dec 2016   |   2 min read

Find out how to strategize for an effective future at your company! Alexander Osterwalder offers remedies for 11 common problems that may already be affecting your productivity. Learn how flexibility, evidence-based decisionmaking, and focusing on the customer can maximize your capacity for innovation. Improve your business model today!

Key Takeaways:

  • Big companies have great execution habits to manage and improve successful business models and value propositions.
  • Create a protected space in your org chart where you invent and test new business models and value propositions.
  • Senior leaders acquire a lot of knowledge and experience about their business over the course of their career.

“Amazon distinguishes between non-reversible decisions with substantial sunk costs (like e.g. investing in a new warehouse in Amazon’s case), and reversible decisions like experimenting with a new offer.”

https://steveblank.com/2016/10/13/the-11-bad-habits-killing-innovation-in-your-company/

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Disclaimer:
This document is intended as an information source only. The comments and references to legislation and other sources in this publication do not constitute legal advice and should not be relied upon as such. You should seek advice from a professional adviser regarding the application of any of the comments in this document to your fact scenario. Information in this publication does not take into account any person’s personal objectives, needs or financial situations. Accordingly, you should consider the appropriateness of any information, having regard to your own objectives, financial situation and needs and seek professional advice before acting on it. CST Tax Advisors exclude all liability (including liability for negligence) in relation to your reliance in this publication.

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