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.