Ep. 1099: The Invincible Company and Dark Data with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Challenge of the Innovation Arm
Execution and exploitation are two different cultures. One is about planning, the other is about execution. You need to create an orgchart where both cultures have a powerful place to live. It's not that hard from a theoretical of view - it's hard to implement. When ideas mature you throw them over when they're protected enough. No one idea is going to keep the best business alive for very long. So how can i rapidly turn an idea and opportunity into a valued proposition that customers care about? And how can i do that fast and systematically? Speed is essential. Experimentation is essential. But when you experiment, you're going to fail a lot, because you don't know what
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