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The First Six Rules Of Innovation

December 2, 2006 Blog No Comments

Rules(WII-FM)Whenever I go into a company or organization to train, or teach any marketing class the first thing I teach is always ask “What’s In It For Me?”, WII-FM. What do I get out of it? What do I walk away with? What are my take-a-ways?

You either will ask yourself this consciously or subconsciously? Everything you do is a transaction, even reading a blog. With a buy / sell transaction you always valuate what you are buying against what you are spending. And, in your mind, if you are at least getting what you are paying for, then you are happy with the transaction and the transaction is successful and your are satisfied.

 

 

 

When you pay for a seminar, go to a conference, take a class, buy a book, or read a blog, you need to ask WII-FM. Even if you aren’t spending your money per se, you are spending your time. And time is a valuable and scarce commodity. Time, really is money.

With that said, I’ll share with you’re the WII-FM’s that I learned from many of my experiences. I’ll give you the take-a-ways that I benefited from and that have guided me through my career of being a successful entrepreneur. Some are obvious. Some I’ll point out. Some I’ll explain in detail. And some I will leave for you to discover on your own. Those are usually the best.

Here are some of the WII-FM Innovation Rules you can find buried in my last blog entry; Founding The Assistive Technology Industry. These Rules apply to large corpations who want to be more innovative, with existing products or service, companies who want to launch new produsts, small companies who want to be more competitive, or even the small entrepreneurial start-ups. These Rules will help anyone who wants their business to be more Innovative:

Rule #1
Shift Your Perspective
Look outside of your industry. If you are trying to find a solution to a problem that is pervasive in your industry, don’t look in your industry. If there were a solution already available, you would have known about it. You are trained in that industry and are probably well informed about the latest techniques and solutions. You have to look outside of your industry to find your answer.

When I present my Creative Thinking Conference I discuss the story of Henry Ford and what made him famous. Take a moment right now and answer this question. What Made Henry Ford famous as an entrepreneur and inventor?… The Assembly Line, right?

Until Henry Ford’s assembly line, every automobile was made by hand and one at a time. Ol’ Henry came up with the idea that instead for putting the car in one spot and have all of the different assembly technicians work on the car one after the other moving their tools and parts from car to car, keep the technicians, parts and tools stationary and have the car come to them.

Where did that idea come from? Certainly not from within the auto industry. Everyone was doing the same way, the old inefficient way. The idea came from a Michigan potato farm.

One afternoon Henry was out on a local potato farm and saw potatoes rolling up a conveyor belt into the back of a truck. He immediately imagined each potato an automobile moving on a conveyor belt past his technicians. Henry Ford and the potato conveyor belt provided the solution to mass production through assembly line that is used in every manufacturing industry to this day and revolutionized the auto industry.

When looking at a problem or challenge, remember what Albert Einstein said about insanity. “Insanity is doing the same thing, the same way, and expecting different results.”

Rule #2
Pick Up The Phone

Don’t be afraid to pick up the phone and start calling people. At first I was intimidated about calling Apple, IBM, the voice board developer at his home. Do you know what? They are people just like us. They really do put their pants on one leg at a time. Whenever you ask for help, people always rise to the occasion. Almost always, if you have a legitimate reason for calling (not trying to just sell something or make a complaint), you can actually get to the top. It’s surprising how many presidents and CEO of major corporations I’ve spoke with over the years once I learned and felt comfortable with this rule.

Rule #3
Listen To The Answers

I didn’t want to hear the answer I was being told. I didn’t want to be told I couldn’t do it. I didn’t want to hear that the hardware, peripherals, and all of the individual software wouldn’t work together that way.

If I had listened, I would have heard that the solution I was trying to develop wasn’t the right solution. That moment of “inspiration” or “Innovation”, was when I instantly understood that the solution was to throw it all away and look at the problem from one lever higher. Don’t try to make each piece all of the existing software work together, throw it away, and write one piece of software that communicates to everything at the same time. As soon as I realized this, the solution was clear and actually took less time to create than the time I spent trying to make the wrong solution work.

Rule #4
Set Impossible Deadlines
In this case, I didn’t set the deadline. The deadline was set for me. That fact in retrospect was a good thing. If there were no deadline, I probably would have worked on it half heartedly until I gave up. By having a specific date of completion and the consequence of blowing off a commitment to an entire hospital staff and a human who’s life was in the balance was sufficient motivation for me to get it completed on time and at any cost.

Set impossible deadlines for yourself, and keep them. If you have to move one occasionally, that’s O.K., but don’t make it a habit. Respect those deadlines. Also, commit. Put yourself in a position where if you don’t make a deadline there is consequence. The greater the consequence the more likely it will be that you’ll succeed. Commitment is a huge motivator and an important underlying cause that drives us entrepreneurs. Because of the importance of commitment, I’ll speak to it more, later.

Rule #5
Don’t Ever Give UpDont Ever Give Up
Rules #5 and #6 are by far the most important rules and always apply to every great innovation. These two rules will be the cornerstone of every successful entrepreneur’s story and permeates all my stories.

You can’t fail if you don’t quit. Let me restate this: quitting is the only way you can fail. The number one rule in being an entrepreneur is to Never Give Up ! Keep trying. Failure is only telling you that this isn’t the way to solve the problem, keep trying. Remember a solution is forever. Sometimes you’ll build an entire company around one solution. It has to be the right one.

Thomas Edison successfully filed 1,093 U.S. Patents in his career. When he was asked about his first patent, the light bulb and of his many failed attempts, Tom replied, “I have not failed. I’ve just found 10,000 ways that won’t work.” He didn’t give up and one was the right way to make a light bulb.

Rule #6
Don’t Be Afraid To Fail

The fear of failing can be debilitating. Obviously, Thom had this emotion under control. If you don’t try, you can’t possibly succeed. I joke around with my wife that when I die, I want on my tombstone “Don’t judge me as much by my successes, but as how many times I’ve tried.” Remember, the people who will judge you on your failures haven’t anything better to do because they aren’t out there trying because they are afraid to fail.

You can succeed at anything you try. Don’t be afraid to try and don’t ever give up trying!

 

Lon Safko
Innovative Thinking

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    Amazon Book Reviews

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    Amazon 6 Stars
    This book is an 800-pound guerilla when it comes to social media marketing. Four thumbs up!

    By: Jeff Lippincott "www.Jlippin.com" (Princeton, NJ USA)

    Great book! Loved it! It's huge and heavy and not particularly pricey. I found it to be well organized and well written. And it was certainly packed to the gills with content. There are 43 chapters split into three different sections: (1) Background basics & tactics, (2) Tools, & (3) Strategy. The chapters in the first part provide an introduction and framework regarding the book. The numerous chapters in the second part cover 100+ social media tools. And the last five or six chapters in the third part can help you do an audit of the social media marketing your company does (or doesn't do).

    The book is comprehensive. I haven't seen a book that covers so much and in such depth on the topic of social media marketing (or Internet Marketing). There were a ton of "Expert Insights" sprinkled throughout the text that really made the book shine. And each chapter ended with three summaries: (1) Commandments, (2) Conclusion, & (3) Readings & Resources. Each were well done. In particular the Readings & Resources for each chapter were better than most books have at the end of an entire book. 6 stars!

    PS. To see the chapter titles and how the book is specifically organized I encourage you to peek at the Search Inside feature Amazon offers for this book. With 43 chapters there are a lot of chapter titles to read.

    Amazon 6 Stars
    A Comprehensive Social Media Resource

    By David J. Perdue "MINDSTORMS author" (St. Paul, MN)

    Ask a hundred people what "social media" is, and you may get a hundred different definitions. Frankly, social media doesn't just connect people--it baffles them, too. The authors of "The Social Media Bible," however, have made a considerable attempt at creating a resource that helps readers gain an overall understanding of the social media "ecosystem" (to put it in the authors' terms) and how the social media phenomenon relates to business.

    First, I think it's in order to discuss what this tome covers. Part I, Background Basics and Tactics, comprises the first 23 chapters. This section of the book defines social media, explains the different types of social media, and helps you understand why it's important. You get coverage here of everything from social networks to microblogging to virtual worlds. If you've read other books about social media, you may already be familiar with some of this content. If you're brand new to social media, you'll find it especially helpful.

    Part II, Tools, comprises chapters 24-38 and revisits the different categories of social media, focusing on current popular tools. The authors discuss each tool, focusing on who should use them and why; you'll even find some more technical information in these chapters. Although I appreciated the broad look at all the different types of the social media, I felt that the sections could have gone into more detail. However, you could easily write an entire book on each type of social media presented, so the authors clearly had to limit coverage of each type of social media resource.

    Part III, Strategy, includes the final chapters of 39-43 and offers some excellent advice on how to apply everything learned in the book. I appreciated the bits of advice spread throughout as well as the cohesive strategies presented. I especially found the chapter "The Four Pillars of Social Media Strategy" helpful, which discusses how a social media strategy should have goals of communication, collaboration, education, and entertainment.

    Although some of the principles in this book will endure, much of the descriptions for current social media tools will quickly go out of date (as some already have). However, the author clearly recognized this and intended it to be a timely book. If you're new to the concept of social media and seeking how to apply social media to your business, the "Social Media Bible" is a great resource. If you're already familiar with using social media, you may find yourself skipping some of the basic information in the book. Overall, I believe there is wisdom for everyone to find in this useful guide--the kind of wisdom that will help you to give new life to your company's online marketing efforts in the social media world.

    Amazon 6 Stars
    From A to Z- it's all here!

    By Mark Amtower "Mark Amtower, consultant, autho... (Highland, MD)

    Lon Safko's 2nd edition of The Social Media Bible literally covers everything from A (apps) to Z (Zooomr) and everything in between. This is the most comprehensive book on social media available! If you currently use or plan to use social media in ANY form, I suggest you add this to your library TODAY!

    Amazon 6 Stars
    Good resource for business leaders wanting a greater understanding of social media

    By Chris Ray

    Rapidly advancing technology has produced new ways for individuals, groups, and businesses to communicate, collaborate, and market their products to consumers. Social media is leading the way in improving how business is conducted but many businesses and individuals are nervous about when and how to enter this new wave. In The Social Media Bible the author indicates the book is a comprehensive guide on social media intended to help readers increase revenues, profits, and competiveness in the marketplace. The book is divided into three main sections; part one, the background and basics of social media; part two, the plethora of social media tools available; and part three, developing a social media strategy. Within each of these sections the author provides the reader with the overall footprint of social media: its uses, platforms, and strategies currently employed by various companies. The book is well organized with each chapter providing definitions, examples of successful strategies, and multiple references that afford the reader a helpful guide should they continue their own research on the specific topic.

    Clearly the freshness of the content of any book on social media is limited given the rapid pace of technological innovation in the social media universe. However, for the reader who needs a starting point for discovering the basics of utilizing social media strategically, The Social Media Bible is an excellent resource from which to begin. Furthermore, the author effectively communicates the necessity for business leaders to get in the social media race or risk becoming extinct. This is true for both businesses and the individual business worker. Social media holds promise for improving both the internal and external communication strategies of companies. The book outlines both how social media can improve productivity as well as penetrate new and existing markets more effectively. The chapters on the various social media tools available provide the reader an extensive list of platforms to research, explore, and choose from when considering how one medium might be a more effective choice depending on the reader's particular business environment.

    The author could have improved the book by shortening the history and background section that contained too much basic information. In addition, for readers already active in utilizing social media tools in business it is doubtful they will discover any earth shattering new information in The Social Media Bible. However, for those just beginning to consider social media as part of their business strategy, the author does provide sufficient information readers will find helpful. Certainly there are companies and organizations that have yet to utilize social media as part of their overall business strategy. Readers who find themselves working for those companies will find the book to be effective in giving them an adequate knowledge base in social media that could be useful in educating their organizational leaders on the potential benefits of including social media in their business model. The book may also inspire some readers to launch new initiatives at their workplace or even to become entrepreneurs themselves.

    Amazon 6 Stars
    Book & Purchase experience review

    By R. Freeman (Sharon, MA United States)

    Great book. Really covers Social Media and related online marketing concepts (like SEO). Worth the price. And, the buying process was efficient, easy and painless. I would buy this all over again in a minute.

    Amazon 6 Stars
    Highly recommended for any business collection

    By Midwest Book Review (Oregon, WI USA)

    The second updated edition of The Social Media Bible has been revised and updated with user feedback and content, and offers the latest techniques, platforms and technologies for understanding and effectively using social media marketing. Interviews with 50 experts accompany keys to winning in social media efforts in this fine survey, highly recommended for any business collection.

    Amazon 6 Stars
    If you need to know about Social Media - OWN THIS BOOK TODAY - Six Stars !!!!

    By Richard Stoyeck "StocksAtBottom.com" (Westport, CT)

    The BOTTOM LINE If you must know about social media (SM), this is the only book to get on the market RIGHT NOW. First of all it was copyrighted in September 2010. This material changes quickly and new books are being printed all the time. At this time this is the most current and best book on the market. If it involves the Internet, you do not want to order anything that is more than one year old. So my first tip is always look at the copyright date. Older than a year, it's no thank you.

    The second tip is that you want something that you do not need to read from cover to cover, so the table of contents and the index is very important. The author went to a 1000 people involved with the Internet and asked them what do you need from a social media book. More than 66% couldn't define social media, while 99% recognized that SM would have a direct impact on their firm's bottom line. Based on their input, the author selected and developed the chapters, and the content.

    ORGANIZATION of the BOOK
    The 723 page SM Bible is divided intelligently into 3 parts.

    Part I TACTICS This runs from page 3 to page 447 and is contained in 15 chapters. This is where you will find out about podcasting, vlogs, blogs, followers, SEO, life casting, and flaming among others.

    Part II TOOLS of the TRADE This section runs from pge 447 to page 675. Here you will find the results of 100 companies that the author interviewed including marketing providers, game platforms, and the software you will need, plus the apps, websites, text messaging, mobile insights, and e-mail.

    Part III STRATEGY Here we have the Five Steps to Social Media Success. Each step gets a chapter, they are:


    * Analyze your existing media
    * The Social Media Trinity
    * Integrate Strategies
    * Resources
    * Implement and Measure

    CONCLUSION:
    If you need to learn more about social media, if you need to employ it for your business on whatever level, this is the book for you until the next new thing comes along. You have to be current, and stay current, and that means you do not want an old book. If you are a one person company or you have a thousand people in the company, at the moment there is no better source of information than this book. I heartily recommend it and thank you for reading this review.

    Richard C. Stoyeck