There Is A Difference Between Business Turnaround and Business Transformation. It Is Easy To Tell Which Is Harder.

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All companies go through some kind of crisis at some point but what does it take to get out of it? There aren’t many successful turnarounds in large companies and the bigger the company and the longer the history, the more difficult it is for any turnaround and its success rate is lower. 

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Harley Davidson in mid-life crisis when Richard Teerlink joined the company in 1981 as CFO, the company had US market share of 15% and reported a loss of $15m. The company was killed by its strong Japanese competitor led…
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Do You Know What A Growth Strategy Is?

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This marks the end of another year. A very busy and fruitful year for us. Personally I was on the road for more than 200 days and I need to take a break – perhaps 3 days. What about my New Year's resolution? I need to cut down on drive and email. I need to cut down on attending unprodcutive meetings. I need to find three people to mentor that they can become the best. I need to revisit places from my childhood that were memorable. I need to back up my hard drive (I am 96 days behind). I need to produce a mini feature film and shot entirely with my HTC phone. I need…
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Does Social Media Makes All Of Us Phenomenologists?

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It is every designer’s dream to design a chair. I have yet to meet an industrial designer that doesn’t want to design a chair or a car. It is designer’s dream for those who study transportation design is to design a car and I get it. Chairs and tables? The reality is how often designers get a chance to design their own chairs? And every transportation designers ended up doing is styling a car that was designed by a computer. There are disproporationately large amount of chairs being designed than to other objects and products.

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Any object whether it is chair, a table, a smartphone, or a coffee maker does not exist…
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How Do Breakthroughs Happen? Here’s My Little Secrets For Breakthroughs After Helping Executives For Decades..

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How do breakthroughs happen? Can they be engineered? Are they pure luck? Or are they the result of skills that we can develop and improve upon over time? Along with the fear of the unknown and the pressure to make it happen, breakthroughs come with an incredible sense of possibility and satisfaction.

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The experience of uncovering a breakthrough is exhilarating and hard to explain. It’s a sense of not knowing exactly where I am going, but knowing that I am going somewhere. Here’s my secrets to achieving breakthroughs:

Preserve the “Me”. The…
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The Bionic Man/Woman Is Now Possible! It Gives New Meanings To Wearables!

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Remember that Six Million Dollar Man TV Series? When ace test-pilot Steve Austin's crashed, he ended up in a poor shape that his only chance of survival was to replace human spare parts with technologies. That was the beginning of “wearables” I supposed. The government decided to invest millions to use the latest technology to rebuild him with cybernetic parts which gave him superhuman speed, response and strength and the superagent.

Thirty-five years later, DARPA's Reliable Neural-Interface Technology (RE-NET) is working on it and  trying to improve the speed and accuracy of neural interfaces. Such interfaces can happen in the brain, as in the case of Hemmes, or someplace else farther down the line, closer to the…
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Exploring The Four Biggest Myths of Creativity. Design Educators Take Note.

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The party at Idea Couture London office last week was a fantastic event. Get to meet many young talented people there and looking forward to work with them on projects. My work takes me around the world and it is hard to get to know everyone in different offices. I enjoy talking to creative people from creative engineers to designers. And I have a very different idea of what "creative" people means. Idea Couture is a creative powerhose and it is creativity in the deepest and most systematic sense, looking at challenges from new perspectives but achor in a highly logical manner. That's our creative algorithm and it is rooted in every IC office.

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What Do We Need More? Managers Or Strategists? Or Design Thinkers?

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In business school we are taught the difference between a good decision and a bad one, and how to leverage a good one to get the most out of it. We are also taught that the best decisions are those that minimize risk and produce the highest return.
On the ground, management decision-making is never that simple.

We want managers to have a vision for the long term but be flexible enough to respond to competition in the short term. We want them to produce consistent results and yet experiment with innovative ideas for growth. We want both change and stability.
If change is the only constant, its constant companion is the avoidance…
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Wearables That Promiss To Make Us Smarter. What’s Next?

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Do you wonder how we measure brain activity? Our brains communicate through the cell sending tiny electric signals to each other and the more signals the more electricity it will produce. An EEG can measure the pattern of this electrical activity. There are some who believe that if we stimulate certain part of the brain (pre-frontal cortex) will improve certain functions. For years, there had been experiments of stimulating the brain using small electric currents and see if it can make us thinker better or smarter.

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Some believe the results are…
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Many Made The Mistake Of Taking the Brand Out Of The Innovation Equation On The Fuzzy Front-End. Are You One Of Them?

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Companies make many mistakes in their innovation journeys and often they go down the same path again and again and wonder why that is the case. The four main reasons among many are:

1/ They think it is all about creativity and coming up with more ideas.

Coming up with ideas is easy. Coming with good ideas is not difficult. Coming up with more ideas is not helpful. It is the quality of ideas and once ideas are being exhausted, it is time to perform the more difficult job of sensemaking and mapping. This is where most people fail and have no ideas of what and how to do next. They lack a framework…
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Media Disruption Is Not Slowing Down. Mobile Is Now The Center Of A New Ecosystem.

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The media business is not seeing the light at the end of the tunnel yet. When people asked me about my magazine and the economics of that, they were saying why am I in publishing business. Well that is not my core business, just a hobby. It has been almost three years since the first publication of MISC and readership is growing nicely. We're now in 28 countries and we have have the digital version. I am getting a lot of positive feedback from readers from all over the world. Perhaps I should make the next issue the thickest one. This is the first cover that was shot in Milan. And the next cover will be…
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