Motley Fool Money How to Win in Business: Be Right, Be Positive
11 snips
Apr 28, 2024 Elliott Parker, CEO of High Alpha Innovation and author of "The Illusion of Innovation," shares valuable insights on corporate innovation. He emphasizes the significance of contrarian thinking in business success. Parker exposes the dangers of 'innovation theater' and discusses how partnerships with startups can spark genuine growth. He critiques the reliability of Return on Invested Capital (ROIC) as a metric for investors, and explores the challenges monopolies face in today's antitrust climate while highlighting the necessity of consistent innovation for longevity.
AI Snips
Chapters
Books
Transcript
Episode notes
Corporate Optimization Dilemma
- Large corporations are optimized for safety and predictability, hindering their ability to innovate.
- This optimization, while making them capital efficient, reduces their capacity for breakthroughs.
Embrace Deliberate Inefficiency
- Big companies should embrace "deliberate inefficiency" by partnering with startups.
- This allows them to access innovation without disrupting their core operations.
Outdated Corporate Model
- Corporations are still operating under an outdated model of centralizing resources.
- In today's decentralized world, they should focus on coordinating outside resources.
