The cost of venture capitalism’s inherent gender (and other) biases
Deeply held assumptions about what a successful founder looks like and the financial consequences of these biases have been exposed by recent research. ...
Innovation
Creativity
How to have breakthrough ideas
Innovation can seem like an abstract concept, when in fact it’s a potent creative force. What you need is the right mindset...
Successful innovation means breaking free from conventional thinking and being willing to embrace new perspectives. That’s when breakthrough ideas happen – ideas that will generate tangible value and drive transformational change. This way of thinking might seem totally alien – and that’s the point.
Cyril Bouquet, Professor of Strategy and Innovation and author of ALIEN Thinking: The Unconventional Path to Breakthrough Ideas, offers the acronym ALIEN as a framework to encourage people to cultivate the mindset that’s needed for true innovation to flourish.
1. Attention
Cultivate a heightened awareness of your surroundings, allowing yourself to notice details that others might overlook.
2. Levitation
Create mental space, allowing your brain to break free from the confines of sequential thinking patterns.
3. Imagination
Foster connections between seemingly disparate ideas, drawing inspiration from diverse perspectives.
4. Experimentation
Approach experimentation with an open mind, viewing it as a journey of refinement rather than a mere exercise in validation.
5. Navigation
Extract valuable lessons from your experiments, continuously refining your ideas as you navigate the ever-evolving landscape of innovation.
“As innovators, we often face the challenge of introducing new ideas that may contradict established norms or procedures,” says Reynaldo P. Velasco, Chief Communications Officer at Castlekeep. “The ‘Navigating’ element from the ‘ALIEN’ framework suggests that we can present our innovative ideas in a way that doesn‘t trigger immediate resistance from the organization.“
Learn more about the book here.
This article is inspired by a session at IMD’s Orchestrating Winning Performance in Singapore, which brings together executives from diverse sectors and geographies for a week of intense learning and sharing with IMD faculty and business experts.
Authors
Related
Three ways in which CFOs can drive digital transformation
How CFOs can lead digital transformation by focusing investments, aligning strategy with execution, and embracing agile planning to drive resilience and growth....
Are you scaling, or just burning cash?
Are you scaling or just burning cash? Learn how to validate demand, use data, forecast growth, and focus your strategy to build a sustainable, profitable business....
IMD AI Safety Clock moves closer to midnight
IMD’s AI Safety Clock shows tension between rapidly expanding artificial intelligence capabilities and lack of meaningful oversight, raising risk. ...