The End of Insurance as We Know It by Rob Galbraith

Author:Rob Galbraith [Galbraith, Rob]
Language: eng
Format: epub
ISBN: 1591846358
Published: 2019-02-16T05:00:00+00:00

THE OBSTACLE IS THE WAY

Blinding flash of the obvious: there are obstacles in your organization that inhibit innovation. Taking the time to identify those obstacles, understand them and determine whether they provide valuable checks and balance or create bottlenecks to success is key. Some of the more common organizational barriers to innovation that adds business value include:

•a limited mindset best summarized as “that’s the way we’ve always done it”

•conversely, falling in love with bright, shiny objects

•a top-down mentality where all ideas must receive prior approval from senior executives

•worse yet, only pursuing innovative ideas that come from the top of the organization

•having good ideas bubble up from the front lines only to have supervisors quash them

•being too quick to fold new innovations into existing framework of products and services

•valuing the “sizzle” more than the “steak”

•over-promising and under-delivering

•betting too much on a single innovation rather than managing a portfolio of projects

•falling in love with a technology rather than the capabilities it can support

•admitting failure too soon without sufficient iterations of test-and-learn

•never admitting failure and moving on to other ideas which hold more promise

•prioritizing short-term results over long-term viability of your organization

•failure to engender a sense of urgency to match our accelerating pace of change

•rushing ideas to implementation without performing a thorough vetting about compatibility with other technologies, products and services along with receptivity of the market to your new invention

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