If you are having trouble viewing this ezine, click here.

 

IN THIS ISSUE:

www.powerpatterns.com

click here to send Sarah an email

Connect with Sarah Twitter Facebook LinkedIn
 

 

Letter From Sarah
August 2011      

 

Sarah Miller Caldicott
Great Grandniece of
Thomas Edison, MBA

Dear Innovator:

 

Little did I know last month when selecting "Inspirational Leadership" as August's theme that this month's business headlines would blast word of Steve Jobs' resignation as Apple CEO.

 

Ever since the big news broke just days ago, the internet and Twittersphere have been jammed with retrospectives of Steve Jobs' storied career. And many position Jobs as the Thomas Edison of our time.

 

While a bit clichéd, the comparison could not be more compelling. I can think of no other 21st century executive who embodies so many of the qualities Edison himself possessed. Questions about similarities between Edison and Jobs arise in almost every innovation session I moderate.

 

This month's issue focuses on the most quintessential - yet quixotic - quality of innovation success: inspiration. What is its power? Why is inspiration so crucial? How do we encourage it? What happens to innovation when inspiration is lacking?

 

Inspiration Is the Foundation of Courage, Risking
During a recent Dale Carnegie leadership seminar I was invited to attend, I learned the core definition of leadership this 70+ year old organization maintains is: "The ability to guide others where they would not willingly go."

 

Consider how often you've been reluctant to step out and try something new! Reflect on the last time you tested out a nascent talent you've been developing, putting yourself at risk in front of others. Having trouble remembering? Without inspiration, we often lack the courage to risk anything - to even take the smallest gamble.

 

In his legendary book How to Win Friends and Influence People, Dale Carnegie believed a leader's role was to help people conquer their fears and develop courage. He felt that without courage, there is no risking...there is no willingness to try and fail.

 

Sarah with Randall Ledford

Sarah with Emerson CTO Randall Ledford at Emerson’s Global Technology Conference.

I'm told that Edison and Dale Carnegie actually met in the 1920's, and that a photo exists of the two deep within the Carnegie archives. Perhaps I'll have a chance to see it someday...

 

To learn more about the importance of inspiration in the innovation process, read in this month's Out-of-the-Box why inspirational leadership is key to drawing out the latent talents of others. Learn why inspiration is crucial to impassioning employees to deliver beyond what they believe is possible, increasing the odds for breakthroughs to occur. See where Steve Jobs' philosophy is similar to Edison's own.

 

Compression of Innovation Cycles Here to Stay
Does it feel like everything is speeding up? Are your project timetables shortening? Do product lifecycles seem like a breath of what they used to be? In Events & Resources, check out my August post on why "cycle time compression" is becoming a major factor for marketers and innovators today, and what we can do about it.

 

A similar theme is sounded in this month's TableStakes section. A McKinsey Global Institute study suggests we're currently in the third economic revolution in human history. This era will be 10 times shorter than the last economic revolution - which lasted 300 years. Read why time compression is going to challenge every innovator to succeed - faster, and how the TableStakes innovation simulation game allows leaders to unlock value more rapidly than traditional methods.

 

Congratulations to Alan Morrison, Rachel Houck, and Scott Trajan for winning a personally signed copy of Innovate Like Edison last month! They found the hidden Edison quote in last month's issue.

 

This month, scroll down to find the hidden Edison question! Send me your answer to the question either by posting it on my Facebook page, in a Twitter message, or in a LinkedIn message. You can also email me! The theme of the hidden question relates to a TED talk I'll be giving in November for TEDxPeachtree. More on this in the September issue!

 

The first three readers who post a response to the hidden question will be eligible to receive a table listing in the Top 10 greatest innovations of Edison's career, which I am featuring as part of my upcoming TED talk. Also, watch next month for the start of the 2012 Edison Awards nominations season!

 

Stay inspired and keep innovating,

 

 

 

signature

PS: Please share this newsletter with a co-worker or a friend!

Connect with Sarah Twitter Facebook Facebook



 







   

Out of the Box



 

Is Steve Jobs the 21st Century Edison? How Inspirational Leaders Drive Innovation

 

"Genius is one-percent inspiration and ninety-nine percent perspiration." These are the most frequently cited words ever spoken by Thomas Edison. For better or for worse, they stand as a benchmark for the relationship between inspiration and human effort.

 

Every time he hears these words, Edison fan and IDEO geek Tom Stat, retorts that "99% perspiration means we're applying too much effort. Things just shouldn't be that hard."

 

Steve Jobs

Steve Jobs with the new MacIntosh computer (1984), challenging IBM's dominance in the budding PC market. Sporting a bow-tie, Jobs' attire is reminiscent of Edison's signature look. (AP wire)

Although I agree things shouldn't be that hard, my objection to too much "perspiration" is different than Tom's. Most people actually need more than 1% inspiration to DO ANYTHING! As a genius, Edison only needed 1% inspiration...but the rest of us need closer to 50% (maybe more!) to move us to action.

 

The mark of an inspirational leader lies in his or her ability to get others to risk something visible and important...often reputation, fame, money, friendship, or power. Inspirational leaders move others off dead zero - even people they don't know, or will never meet. They exude a contagious authenticity that motivates others to "take risks" they would otherwise never consider, in pursuit of a goal whose outcome is unknown.

 

While it's a bit cliché to compare Steve Jobs and Thomas Edison (see also 5 media articles and videos in this month's Events & Resources) there are two key qualities that position them both as inspirational leaders whose legacy will endure.

 

Innovation Catalysts: Edison and Jobs Created Dense Networks Inspiring Action, Creativity
In the US, we admire risk-takers. We admire inventors and entrepreneurs who start from scratch and build something new that offers value.

 

Although both Steve Jobs and Thomas Edison were certainly entrepreneurs early in their careers, what's different about them is their sustained ability not only to endeavor risks themselves, but to be catalysts who inspired employees to take risks right along with them.

 

The endpoint for these risks was never positioned by Edison or Jobs as financial gain. Instead, the goals they envisioned entailed creating sweeping changes to the world and our ways of doing things...goals that would improve life on a daily basis.

 

Scores of business leaders and CEO's have held a higher "purpose" in their mission, and many enjoy a storied legacy. Consider Walt Disney (Disney), Akio Morita (Sony), Thomas Watson (IBM), or Sam Walton, (Wal-Mart).

 

But inspirational leaders like Edison and Jobs created value in a different way than these other successful folks. They created value through big juicy networks of people and resources called "dense networks." (See the February 2011 edition of Edison's Notebook for more on dense networks.)

 

Both Edison and Jobs built complex networks which combined an intangible combination of their respective philosophies plus a unique work environment, unique product development processes, and deep passion. As well, they took aim at "institutions" - concepts or actual bodies that we either fear, or hold dear - such as the faceless "black box" nature of Dense Networkscomputers (Jobs), or the desire to disrupt the unquestioned purveyor of scientific knowledge in the late 1800’s, the Royal Academy of Science (Edison).

 

In this graphic is a "map" of what a dense network looks like. A term coined by author and University of Virginia professor James Davison Hunter in his book To Change the World, dense networks are a unique structure for driving change.

 

In the right hand section of the chart you can see the spot for the inspirational leader. Working around the map, you also see where "institution" is referenced, and where "passionate focus" and "network access" come into play.

 

The unique philosophies of each leader stirred deep passion in others, satisfying the "passionate focus" facet of the dense network. This passionate focus attracted a unique type of employee, and prompted them to take different kinds of risks than were being endeavored by competitors:

"My philosophy of life is work - bringing out the secrets of nature and applying them for the happiness of man. I know of no better service to render during the short time we are in this world." - Thomas Edison

 

"I want to put a dent in the universe." - Steve Jobs, Apple CEO

Reaching outside their organizations into communities of customers, engineers, and scientists, both Jobs and Edison also allowed "network access" to forces outside the walls of their firm. Ironically, both leaders actually came to invent new forms of network access which revolutionized society and the way we live. For Jobs this came in the form of iTunes, and for Edison in the platforms of light, sound, and moving pictures.

 

By creating dense networks, each leader inspired creativity and risk-taking behaviors in their employees which became self-perpetuating. Neither Jobs nor Edison had to be physically present for these actions to carry on. They were both consistently able to attract employees who would contribute to the innovation culture in a self-designed, self-propelled way, creating new innovation catalysts within the organization itself.

 

Are you shaping your company in ways that echo these two extraordinary leaders? What could you do to shift your course, and employ more of the dense network elements they used?

Edison and Jobs as Inspirational Heroes: Innovation Czars or Game-changers?
The second facet of what makes Steve Jobs and Thomas Edison inspirational leaders brings us to their dark side...the "contagious authenticity" part. 

 

LightbulbWithin the "innovation catalyst" role they each played lurked the fiery tongue of both leaders. Woven through the inspirational environment, the disruptive product development process, the radical designs, the endless experimentation, and the conquering of new markets was each man's relentless drive for perfection, and their stark willingness to let you know if it had been achieved.

 

Simultaneously feared and admired by employees and competitors alike, Edison and Jobs garnered passionate enemies as well as unwavering followers.  Yet, their "take no prisoners" attitude remained a key driver of a unique ability to crack the code in finding new markets, and getting employees to take action alongside them.

 

Here are two quintessential comments about Steve Jobs that summarize his inspirational leadership style. The first comes from a competitor, the second from an employee:

"Steve Jobs is on my eternal heroes list.  There's nothing he can ever do to get off it. He's also obnoxious. This comes from his high standards. He has extremely high standards. And he has no patience with people who don't share those standards or perform to them."

- Bob Metcalf - Founder, 3Com (in a video interview)

 

"He wanted you to be great. And he wanted you to create something that was great, and he was going to make you do that."

- Larry Tesler, Chief Scientist, Apple Computer (in a video interview) 

Edison engendered similarly dichotomous emotions.  Called "muckers" by Edison as a term of endearment for the cadre of employees who labored tirelessly to deliver the breakthrough innovations which were the signature of his laboratory, the first quote comes from an unnamed "mucker."  The second is from Arthur Kennelly, a valued expert in electricity who left Edison's lab and started his own successful enterprise:

One mucker said that Edison "could wither a man with his biting sarcasm or ridicule one into extinction."

"The privilege which I had being with this great man for six years was the greatest inspiration of my life."

- Former Edison employee and electrical expert, Arthur Kennelly

By pushing people to the extreme limits of their potential, Edison and Jobs succeeded in creating innovation-driven cultures which churned out leading edge products and services.  Through inspiring others in their roles as innovation catalysts, Jobs and Edison created dense networks of resources and self-propelling creative capacities that expanded the footprint of their operations beyond the walls of their organizations.

 

Thinking back on your own career, who has inspired you? What does it take to inspire you? In the coming weeks, reflect on what moves you to take risks. Make a list of the risks you've taken, and who has encouraged you to take them. See if you can find any patterns in your answers that will move you one step closer to becoming an inspirational leader who inspires action in those around you.

 

Next month: In the Next Issue: Structuring the Ideal Innovation Team


TableStakes™

2009 Edison Awards

 

An Innovation Simulation Game

 

The U.S. economy has expanded at a healthy clip for most of the last 70 years, but by a wide range of measures, it stagnated in the first decade of the new millennium.

 

Job growth was essentially zero from 2001 - 2010.  With two recessions in one decade (bursting of the tech bubble in 2000 - 01, then the Great Recession in 2008) the modest rate of job creation from 2003 to 2007 wasn't enough to exceed those losses.

 

Long Road
Source: 2011 McKinsey Global Institute report.

There weren't many other bright spots. US GDP growth was weak, and real household net worth fell.  Stock prices stagnated. Home prices declined. And perhaps most brutal of all, government and consumer debt skyrocketed.

 

Many have termed this unprecedented era of stagnation "The Lost Decade" for the U.S. economy.


Adding to this view, in a milestone report issued earlier this year, the McKinsey Global Institute estimates it will take the U.S. 60 months to recover jobs lost during the Great Recession...a rate 10 times slower than what the economy would have required in the 1980's. (See chart above.)

 

Rapid Time Compression a Signature of the Third Economic Revolution
At the same time that job markets are recovering more slowly, an unprecedented level of acceleration in economic cycles is occurring - including innovation cycles. Underlying this rapid cycle time compression is McKinsey's belief that the world has entered the third great economic revolution in human history.

 

Structural changes have been so significant that this third era will pass 100 times faster than the first great revolution...ie in only 30 years. Here's what that looks like:

 

Global Cycle


Judging from what McKinsey is saying, we've already burned through the first 10 years of this economic cycle.  We have only 20 years left!

 

How can we recreate innovation cycle times in a way that rapidly unlocks new market value, and accelerates growth over the next two decades?

 

TableStakes™Rapidly Unlocks Market Value
Simulation games offer us a way to view reality in a time-compressed way.  Through games, we can accelerate "outcomes" and develop market analyses using novel and powerful options. Games allow us to bring our existing knowledge to a particular market scenario, then create new insights based on data from each gaming cycle.

 

Colored BallsTableStakes™ is an innovation simulation game that allows organizations to build a pipeline of viable innovation initiatives in a single day . TableStakes brings together dozens of individuals from both inside and outside an organization, and guides them through diverse testing cycles as well as market scenarios.

 

These scenarios - developed in real-time during an 8 to 10 hour period - are evaluated through a wagering process undertaken by audience members observing the game.

 

Importantly, TableStakes draws upon the same Five Competencies of Innovation™ that Edison used in his world-famous laboratories. The game integrates:

  1. An environment of debate
  2. Diverse perspectives and skill sets
  3. Novel interconnections between data and market environments
  4. Mechanisms for determining "fitness" of the best ideas

TableStakes allows your organization to outline the fundamentals of new products and services - or revamp existing ones - in a single day!

 

To learn more about how you can accelerate innovation through the TableStakes innovation simulation game, contact Sarah at info@powerpatterns.com today!

"The way out is not to slash and burn, it's to innovate."
- Steve Jobs, Apple CEO, interview with Louis Rukeyser 

Question Aug 2011

   

Events and Resources

Sarah and Gautam Sinha"It's Never Been Done Before" - That's the provocative
tagline for Emerson, a global Fortune 500 technology and power systems company headquartered in St. Louis. This tagline is used all over the world as an inspiration to Emerson employees to "find breakthrough solutions every day."

 

Founded in 1890, its sales today exceed $20 billion. With over 120,000 employees worldwide, Emerson wields clout in diverse industries including oil, natural gas, water filtration, foods, and power (electric, solar, nuclear).

 

Standing at left with me is Dr. Gautam Sinha, Director of Technology Planning, who reports to Emerson CTO Randall Ledford (pictured in this month's Letter from Sarah.) My thanks to Gautam and his colleagues for the opportunity to keynote Emerson's 2011 Global Technology Conference! Edison would revel in the diversity of engineering talents your organization has assembled!

 

Sarah and Matthew GreeleyBrightIdea Software Broadens "Reach" of the
Innovation Process -
Broadening employee
engagement in the innovation process represents a major challenge for leaders at every level today, and BrightIdea has developed a sophisticated yet flexible enterprise software to help.

 

Working with major companies including Motorola, Kraft, Cisco, Emerson, and many others, BrightIdea recently held a client consortium event at Kraft Foods called "Birds of a Feather," which I had the honor to keynote.

 

Standing at right is BrightIdea CEO and co-founder Matthew Greeley. Matt is seeing a new surge in his sales as more organizations realize the power that virtual networks can play in accelerating innovation.  Edison would be using this to help employees "think like innovators" today.

 

Sarah and Krishna ErramilliStuart School of Business at the Illinois Institute of Technology (IIT) Embraces Innovation - This month at IIT's 5th annual faculty retreat for its Stuart School of Business staff, I had a chance to serve as an innovation panelist along with local Chicago innovation mavens Tom Kuczmarski, Dr. Raghavan Ramanan, and Tom Tresser.

 

Each panelist took up the challenge of speaking to the theme "the future of business education." This controversial topic sparked strong debate!  My thanks to Dr. Krishna Erramilli, Dean of the Stuart MBA program, for his invitation to participate in this year's retreat.

 

Meng LogoDefining Customer Needs in Volatile Times - Check out my August MENG blog post which reveals two steps organizations can take to accelerate their internal innovation processes. By re-evaluating how needs are defined, companies can unlock new perspectives on what current customers want, and how to spot entirely new target audiences.

 

Check out these excellent articles and videos on Steve Jobs career. (The 4th article has a particularly provocative title...see this month's Out-of-the-box segment for more!)

 

Steve's Seven Insights for 21st Century Capitalists - Harvard Business Review

Four Tales of Companies After Their Legendary Leaders Leave - Wall Street Journal

Jobs' Resignation Marks Storied Career - technolog at msnbc.com (Note: this article also features several fabulous videos)

Steve Jobs is Thomas Edison - The Atlantic

 

Jobs Rare Among CEOs Engendered Affection - New York Times

Upcoming Events:
DATE
ACTIVITY
Sept 15

Keynote and workshop, International Hearing Society, Boston, MA.

Oct 11

Keynote, Metropolitan Capital Bank, Chicago, IL.

Oct 12

Keynote, Wisconsin Manufacturing Extension Partnership, Milwaukee, WI.

Nov 4

TEDxPeachtree speech: "What Would Thomas Edison Be Doing Today?"


About Sarah Caldicott

     

 

Sarah Miller Caldicott is a great grandniece of Thomas Edison, a 25-year marketing veteran, and co-author of "Innovate Like Edison: The Five-Step System for Breakthrough Business Success." She has assembled teams of highly experienced consultants and trainers to assist her in bringing Edison's Five Competencies of Innovation™ to organizations of all sizes. Sarah and her teams are capable of addressing business challenges from a diverse array of industries, in either a business-to-consumer or business-to-business environment.

 

Sarah is a dynamic and award-winning speaker, whose engaging style combines substantive business content with humor. Her invaluable experience offers an ideal resource for organizations seeking innovation success in today's rapidly integrating global marketplace.

 

Born and raised in the Midwest, Sarah received a BA from Wellesley College, where she was named a Wellesley College Scholar. She also holds an MBA from the Amos Tuck School of Business at Dartmouth. Sarah resides in Oak Park, Illinois, and has two teenage boys, Nicholas and Connor. For additional information on Sarah, click here.

 


©2011 by Sarah Miller Caldicott. All Rights Reserved.

   
 
© 2011 PowerPatterns www.powerpatterns.com