Top Tips for Leading Innovation and Change Initiatives
Investing Early in Innovation
- Innovations almost never end poorly; they start poorly.
- Many affected change initiatives are asymptomatic early in the project lifecycle.
- It is beneficial to invest early on in innovation projects.
- President Lincoln's advice: "If I had six hours to chop down a tree, I'd spend the first four hours sharpening my axe."
- A naive leader starts chopping immediately and becomes tired without making great progress.
- A wise leader spends time sharpening the axe before chopping.
- Model for innovation change: Spend the first two-thirds of the time on the front end before even announcing the initiative.
- Fundraising example: Harvard raises 60-70% of the goal before publicly announcing it.
- Change initiatives shouldn't start poorly to avoid ending poorly.
Resistance to Change
- People will be resistant to change, it's human nature.
- The body maintains the status quo (homeostasis). If the temperature goes up or down too much, it may lead to death.
- Buddha's insights:
- People suffer change due to fear.
- Fears include fear of the unknown and the impact of the change on one's job.
- Impossible to get anyone to change when their job security depends on not changing.
- the suffering of change. People fear change even when it's for the good.
- Leaders need to understand that positive change can still be scary.
The Purple Squirrel
- For leading successfully, be a "purple squirrel."
- A purple squirrel has the perfect combination of hard and soft skills.
- Ideal professional/leader/employee is ambidextrous: possessing both hard and soft skills.
- Mentoring: cultivate both hard and soft skills.
- Example: Someone with great soft skills but lacking technical skills or vice versa; someone with fantastic hard skills but poor emotional intelligence.