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Seven principles to ignite a culture of innovators (Alex Goryachev)

Every big company was a lean and mean startup at one time. Now, confronted with digital disruption all around us, we’re all rushing to rekindle the entrepreneurial flame that first put our businesses on the map.

Every company wants to be “innovative,” but “innovation” has become an overused buzzword that has lost its meaning. Executives at companies of all sizes toss the word around as if they’re doing it. They point to experiments that range from departmental contests and monetary awards to innovation fairs, idea boxes and time to dream big. Executives at one company even dressed up as innovation superheroes in an “intervention” to rally employees around innovation…

Source: Seven principles to ignite a culture of innovators | TechCrunch

Great Article on purpose-driven Entrepreneurship: Does Your Company Know Why It Exists? (John Battelle)

Many of the World’s Top Companies Can’t Explain Their Purpose. Why Knowing Yours Will Be a Competitive Advantage.

It’s remarkable to think that in an age defined by purpose, most large companies have no idea what their reason for existing actually is. The next 10-to-20 years will bring extraordinary challenges for big companies — nearly all of the Fortune 500 is threatened by massive secular change. If ever there was a time to identify your business’s core purpose, it’s now…

Source: Does Your Company Know Why It Exists? — NewCo Shift — Medium

A really great one on Innovation and what can be learned from China: Mindsets for Thinking about Innovation In – and Competition from – China (Connie Chan)

China has been in the headlines lately for the ongoing acceleration of its capital outflows and concerns over the reliability of its reported economic data. As various businesses and investors hastily adjust their forecasts and expectations, to me, this period of uncertainty represents an opportunity for U.S. companies: To take the time to learn, reflect, and consider what their China strategy should be. (I share specific strategies for how to approach a China strategy in part two of this post.)

But first, doing business with — or in — China requires understanding nuances that go beyond the stats and typical headlines. Until now, most entrepreneurs and commenters have been so focused on the obvious market size opportunity that they often forget the less obvious reason to study China: That there is much to learn from, not just about, Chinese companies. This includes everything from redefining how we think of innovation and how internet companies can monetize beyond advertising revenue to lessons on how startups can scale in a hyper-urban environment…

Source: Mindsets for Thinking about Innovation In — and Competition from — China – Andreessen Horowitz

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