With no business model and a company that was barely solvent, Baidu CEO Robin Li quickly realized that his customer base didn't want to buy the best technology; only the cheapest. The entire strategy of his company needed to change, and he revamped his enterprise from a back-end search utility to a front-end, consumer-focused provider. Since making this change in 2001, Baidu has gone on to become one of the most successful online search tools on the planet.
Opportunities in China at the Age of Innovation
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Developing Cultures of Innovation and Intrapreneurs within Corporate Settings
In our first session of INNOVIEW (our new interview series, in partnership with FEI and Culturevate), Scott Millward (Chief Learning Officer, Farmers Insurance) and Anthony Ferrier (CEO, Culturevate) talk about Innovation Culture and how learning and HR professionals are playing a more active role within the innovation space.
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How do You Address Impediments to Innovation?
In this clip of InnoView (a new interview series in partnership with FEI and Culturevate), Scott Millward (Chief Learning Officer, Farmers Insurance) and Anthony Ferrier (CEO, Culturevate) talk about impediments to innovation in a corporate environment and what you personally can do to deal with these challenges or perhaps avoid them all together.
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What’s the Interaction between Design and Design Thinking?
Design Thinking—a powerful methodology principally used in product design—is now influencing corporate culture, allowing everyone to be part of the creative process. Companies today are moving beyond simple brand and product design and are developing a strategic process to work more effectively and improve the customer experience. But how does this democratization of design principals within an organization effect the role and responsibilities of the designer? How does it change the way companies are thinking about design? In this clip from InnoView, Lee Fain (Design & Innovation at Electrolux) and Anthony Ferrier (CEO, Culturevate) discuss how design is changing in a corporate context.
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How Facebook Makes Decisions
At Facebook, rather than asking permission, teams are encouraged to build and try things and then course correct if necessary, says Jocelyn Goldfein, director of engineering at Facebook. In response to a question from STVP Executive Director Tina Seelig, Goldfein also explains how Facebook CEO Mark Zuckerberg manages to stay tapped into product development across the organization.
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How to Implement Design Leadership in Your Organization
While discussing the role of a designer in a corporate context, Lee Fain (Design & Innovation at Electrolux) and Anthony Ferrier (CEO, Culturevate) exchange views on a number of questions that are critical to the implementation of design leadership: How can design leaders scale their influence? Does the designer’s representation need to come directly from a designer, or can it come from another leader with an interest in design? Finally, where does design typically sit within an organization? Join us for this latest clip from Innoview - a new interview series with a focus on developing cultures of innovation and intrapreneurs within corporate settings.
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Systematize Innovation: Create an Environment where Employees are Encouraged to be Audacious
Astro Teller, director of the moonshot factory at Alphabet known simply as X, explains how he is a "culture engineer" and how he systematizes innovation by creating a work environment where employees are encouraged to be audacious. He says they are given the freedom to work on projects that inspire them and that they want to own – whether they fail or succeed.
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Keeping a Fresh Perspective
Emerald Therapeutics Co-Founder DJ Kleinbaum describes an exercise that allows his company to constantly re-examine its operations and culture, where all new employees are asked to keep a journal and write down their initial impressions of anything unusual. They are then asked to turn to coworkers with more tenure for an explanation, and possibly suggest solutions.
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What Problem are You Solving?
Play Bigger Advisors Co-Founder Dave Peterson emphasizes that entrepreneurs must be able to articulate the problem they seek to solve if others are to understand their vision. Successful marketing also persuades people to care about a problem they weren't aware of before, and your solution for it. "Understanding the problem is the first step," Peterson says.
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Company Culture and Customer Care
William Perry, emeritus professor of management science and engineering at Stanford University, explains how employee ownership of his early startup, ESL, resulted in a positive workplace culture. "To succeed, the leadership of the company has to identify and associate themselves with the customers' problems," the former U.S. Secretary of Defense tells interviewer Steve Blank.
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Don’t Stop at STEM – Innovators Require a Lot More than Technical Knowledge
In this clip, Olin College President Richard Miller, a prominent voice in the movement to reform engineering curriculum, explains how higher education can create more innovators by better integrating studies that have traditionally segregated students, in order to show them that the potential for large-scale impact is at the intersection of feasibility, viability and desirability.
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Thinking Like a Traveler
Like taking vitamins or exercising daily, Tom Kelley, General Manager of IDEO, points out that fostering lifelong creativity depends on instituting good, healthy mental habits. This first habit on his list of five encourages thinkers to become hyper-aware of their environment, and to notice the common and everyday with new eyes. Capture fresh ideas and don't be afraid to use them later, he insists.
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The Dynamics of Change and Fear
Carly Fiorina, Former CEO at HP, talks about the dynamics of change and fear. She notes that entrepreneurship is about risk-taking, and this is always associated with trying something new. Fiorina concludes by asserting that change involves gathering enough energy and force to overcome the power of status quo.
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How to Reward Your Innovation Champions
As companies increasingly look to drive innovative and intrepreneurial behavior with their employees, they are examining ways to recognize and reward around these efforts. Both Shannon Lucas (Director of Innovation, Vodafone Global Enterprise) and Anthony Ferrier (CEO, Culturevate) have deep levels of insight to this area of growing importance to innovation and HR leaders.
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What KPIs are Most Common for an Innovation Team?
In this session of InnoView focusing on 'Rewarding, Recognizing and Recruiting to Drive Innovation Development' Anthony Ferrier, Innovation Author and CEO of Culturevate, and Shannon Lucas, Director of Innovation at Vodefone Global Enterprise look at how to measure the success of an innovation program. They discuss whether innovation leaders mistakenly rely on counting the number of activities, when what really matters is how these activities generate results that leadership cares about. How can you balance the focus on revenue and maintain the space to explore the next big idea?
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Swim Toward Blue Oceans
Mike Rothenberg encourages entrepreneurs to avoid "red oceans," a business-strategy term for cutthroat markets where competitors struggle for incremental gains. The CEO of Rothenberg Ventures says entrepreneurs should instead swim toward blue oceans, rivers and ponds, while developing the instincts to discover these emerging, wide-open markets.
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Technology Must Solve Problems
Whether you are designing a feature, creating a product, or building a company, your technology needs to be solving a real problem for your customers, says Cyriac Roeding, founder and CEO of Shopkick. Roeding describes how his company only began working on technology when it was explicitly needed to solve a key problem.
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Imperfections Aren’t Always Important
During a special appearance at Stanford University, Elon Musk discusses the double-edged sword of paying close attention to tiny details. The iconic entrepreneur behind SpaceX, Tesla Motors and Paypal was on stage with DFJ General Partner Steve Jurvetson to kick off STVP Future Fest, a daylong series of events exploring how technology and scientific breakthroughs will shape society.
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Exponential Edge for Startups
Mike Maples Jr., co-founder of venture capital firm Floodgate, explains how three laws of exponential growth favor tech entrepreneurs: Moore's law ensures products will possess unprecedented computing power; Metcalfe's law of network effects compounds the number of users; and the "power law" shows that top performers can achieve runaway success if they get everything right.
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Look for Culture Fit
Jeff Seibert, senior director of product at Twitter, describes how several companies made offers to acquire the technology behind his first startup, a file-conversion engine. Faced with multiple offers, Seibert explains how culture fit and the chance to continue working on the product was more important in the decision-making process than how much money was offered.
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