Diverse teams with different backgrounds and perspectives foster a culture of innovation and drive better outcomes.
Embracing innovation requires defying the expectation of expertise and combining existing ideas in new ways.
Deep dives
Machine Learning and AI Accelerating World-Changing Insights
Machine learning and AI are expected to accelerate world-changing insights. The guest, Franz Johansson, expresses bullishness on this idea. The ability of machine learning and AI to process vast amounts of data and discover patterns can lead to significant breakthroughs and advancements in various fields.
Diverse Teams Driving Innovation
Franz Johansson strongly believes that diverse teams are better at innovation. He states that this notion is no longer just about gender diversity but extends to diversity in thinking styles, language, country, and more. By bringing together people with different backgrounds, perspectives, and ideas, organizations can foster a culture of innovation and drive better outcomes.
Robots Fishing
Franz Johansson expresses agreement that robots can already fish, illustrating his point with his personal interest in fishing. This light-hearted discussion prompts the exploration of unconventional connections between unrelated fields and the potential for innovation.
The Value of Expertise is Changing
Franz Johansson challenges the traditional notion of expertise and argues that in rapidly evolving fields like retail, it is difficult to be an expert as the future is uncertain. Instead, he encourages individuals and organizations to embrace innovation by combining existing ideas in new ways and leveraging their unique resources, knowledge, and relationships. By defying the expectation of expertise, one can create new concepts and ideas at a faster pace.
Welcome to the What's Next! Podcast with Tiffani Bova.
This week, I’m reflecting on a conversation I had with Frans Johansson a while back and want to share these valuable insights with you once again.
Frans is an author, entrepreneur, and the CEO of The Medici Group. He has inspired readers worldwide with his ideas on leadership and success, innovation, and diversity. His debut book, The Medici Effect, has been called “one of the most insightful books on managing innovation.”
THIS EPISODE IS PERFECT FOR… anyone looking to find ways to stimulate innovation.
TODAY’S MAIN MESSAGE… there are two main themes rising around the world today: Innovation and Diversity and Inclusion. That is not by accident. If you are able to combine concepts, perspectives, and people from different backgrounds, from different industries and fields, and from different cultures, you can uncover new innovative ideas.
Don’t get caught in the “we’ve always done it this way” trap or try to mimic another business model (the “Uber of X” or the AirBnB of Y”). Use your talents and ambition to try something new.
Keep producing. Put out another product if the first one fails. Keep going.
WHAT I LOVE MOST… in order to innovate, you need the best people – period. You will need those people to work together and collaborate regardless of race, gender, or religion.