Leadership in Manufacturing

A startup is a risky business. There are so many unknown variables that it’s difficult to predict what could happen if you fail. That’s why it’s important to learn how to navigate uncertainty. When you do, you’ll be able to avoid making costly mistakes. You’ll also be able to make better decisions when things go south. In this episode, we have guests Kim & Todd Saxton, Award-winning professors at the Indiana University Kelly School of Business and co-authors of 'The Titanic Effect'. Kim & Todd talks about how the entrepreneurial journey involves navigating uncertainty rather than taking risks. They talk about that if you can handle uncertainty and create opportunities as well as create challenges then you're in a better position to not just navigate but to take advantage of that uncertainty to create a positive inflection point for your business. They also talk about the two main reasons why startup fails - one is the lack of good market fit and the other one is they are running out of money. Market fit refers to how well a company fits into its target audience. It’s also known as customer fit or product fit. If you don’t know who your customers are, you won’t be able to create the products they want. You may think you know what your customers want, but if you don’t test your assumptions with real customers, you could end up building something nobody wants. "We're both very passionate about enabling the innovators." Kim and Todd Saxton Key takeaways: Startups fail because they lack a good product/market fit & they are running out of money The importance of learning how to navigate and address the uncertainties and unknowns when you start a new venture. Having good discovery skills is important for startups There are many things that make up successful startups. A passionate, driven, and committed founder is very important. Being patient and persistent is also important. Observing, listening, and learning is other things that make up successful startups. A successful leader should be passionate about what he or she does. He or she should also be able to lead by example. Startups need leaders who know how to manage people and projects. Leaders must be able to work well with others, and they must know how to make decisions. Startups are always trying new things. You should too. Don't be afraid to try something new or different. You can reach Kim and Todd on LinkedIn: https://www.linkedin.com/in/profmkimsaxton/ https://www.linkedin.com/in/todd-saxton-7625368/ To learn more about The Titanic Effect - click here: https://www.titaniceffect.com/ For more content like this, subscribe to Mind The Innovation on Apple or Spotify, or wherever you like to listen. you can find Sannah on LinkedIn: https://www.linkedin.com/in/sannahvinding/ or visit this website: https://mindtheinnovation.com Thanks for Listening! #sannahvinding #mindtheinnovation #innovation #leadership #strategy #innovationstrategy #leadershipdevelopment #futureleaders #leadershippodcast #peopleskills #changemanagement #communication #keeplearning #problemsolving #startups #peoplecentric #entrepreneurs #entrepreneurship #companyculture #professionaldevelopment #innominders

Bonus Episode. Interview with Norbert about his new book called: Winning Innovation - An engaging business novel, Winning Innovation dives into the art and science of innovation. In today’s fast-paced business environment, leaders need to develop innovative ways to drive organizational success. This requires a shift in mindset – away from traditional management practices towards more agile and collaborative approaches. In Winning Innovation, Norbert Majerus takes you on an exciting and interesting R&D transformation journey, the business novel explores a lot of the ups and downs everyone experiences when working in research and development (R&D). It shows that for successful business transformation, organizations must focus on people, communication, and processes. You can reach Norbert on LinkedIn: https://www.linkedin.com/in/norbert-majerus-5a746235/ Buy the book here: https://www.amazon.com/Winning-Innovation-Excellence-Sustained-Prosperity-ebook/dp/B09V3G7LN8/ref=sr_1_1?crid=3V4CJBRJQ6Q5H&keywords=norbert+majerus&qid=1652548112&sprefix=norbert+majerus%2Caps%2C123&sr=8-1 or here: https://www.routledge.com/Winning-Innovation-How-Innovation-Excellence-Propels-an-Industry-Icon-Toward/Majerus-Taninecz/p/book/9781032139890 For more content like this, subscribe to Mind The Innovation on Apple or Spotify, or wherever you like to listen. you can find Sannah on LinkedIn: https://www.linkedin.com/in/sannahvinding/ or visit this website: https://mindtheinnovation.com Thanks for Listening! #sannahvinding #mindtheinnovation #innovation #leadership #strategy #innovationstrategy #leadershipdevelopment #futureleaders #leadershippodcast #peopleskills #changemanagement #communication #keeplearning #problemsolving #peoplecentric #effectiveness #companyculture #professionaldevelopment #innominders

People-centric Leadership doesn't mean being soft or forgetting the profits. It means thinking of the impact of leadership on the people who worked for you and behaving in such a way that brings out their best for you and the company. As a leader in business, you need to understand what makes people tick. You need to be able to connect with them on a personal level. You need to be empathetic. You need to be a people person. In this episode, we have guest Heather Polivka, CEO of Heather P Solutions. Heather talks about why (and how) to embrace a more people-centric leadership style and why leadership development is essential for any company to succeed. People are the most valuable asset in any company and leaders should focus on making sure that everyone feels valued. She talks about how brands start from the beginning with the brand itself and then define values in terms of behaviors. It's all about making sure they hold themselves accountable for leading inside these behaviors that will make their company succeed. Leaders must take time out to examine ways in which their employees can be inspired to perform better. This can be done by recognizing them for their efforts and giving them positive feedback. Key takeaways: Why does fear impact our productivity zone versus the reward response in our brain The stuff that most companies miss is they do not then define the values in terms of behaviors Why you should adopt a more people-centric approach to leadership. You can reach Heather on LinkedIn: https://www.linkedin.com/in/heatherpolivka/ Learn more about Heather and HeatherP Solutions at: https://www.heatherpsolutions.com For more content like this, subscribe to Mind The Innovation on Apple or Spotify, or wherever you like to listen. you can find Sannah on LinkedIn: https://www.linkedin.com/in/sannahvinding/ or visit this website: https://mindtheinnovation.com Thanks for Listening! #sannahvinding #mindtheinnovation #innovation #leadership #strategy #innovationstrategy #leadershipdevelopment #futureleaders #leadershippodcast #peopleskills #changemanagement #communication #keeplearning #problemsolving #peoplecentric #effectiveness #companyculture #professionaldevelopment #innominders

Audacious leaders are those who are willing to admit when they are wrong. They are also honest about what they do not know. This makes them vulnerable and shows others that they are human. They are brave enough to make mistakes and learn from them. Audacious leaders work alongside their people. In this episode, we have guest Roy Osing, former president, CMO, and entrepreneur. Roy talks about how audacious leaders work alongside their people. They let them know why they are doing what they're doing. They involve their people in problem-solving and opportunity making. He also talks about how audacious leaders are willing to get the best results through honest collaborations and compromises, and that they're open to new ideas and ways of doing business. They exercise humility to allow communal successes and network growth. "Motivating people was all about connecting with them emotionally" Roy Osing Learn more here: https://mindtheinnovation.com/why-you-need-to-be-an-audacious-leader-roy-osing-episode-36/ For more content like this, subscribe to Mind The Innovation on Apple or Spotify, or wherever you like to listen. you can find Sannah on LinkedIn: https://www.linkedin.com/in/sannahvinding/ or visit this website: https://mindtheinnovation.com Thanks for Listening!

An intrapreneur is a person who creates something from nothing. They are usually self-starters who are able to think outside the box and come up with innovative solutions. They are often seen as the future leaders of companies because they are constantly looking for ways to improve their own work environment. In this episode, we have guest RJ Grimshaw, CEO for UniFi , Intrapreneur, Investor, Growth Champion. For more content like this, subscribe to Mind The Innovation on Apple or Spotify, or wherever you like to listen. you can find Sannah on LinkedIn: https://www.linkedin.com/in/sannahvinding/ or visit this website: https://mindtheinnovation.com Thanks for Listening!

Problems are always solved by people, and business problems today are increasingly more complex and ambiguous. That makes it harder to clearly define and articulate them. Framing helps to structure thinking about these problems by giving them a specific light. In the end, framing helps people to see things in a particular light. In this episode, we have guest Jamie Flinchbaugh Entrepreneur, Senior Executive, Consultant, and Author. Jamie talks about how he has watched people struggle to get better at problem-solving and the most important one is just framing the problem that you're dealing with. So, if we're stuck with any kind of a problem, then we need to have a little bit of tension, a little bit of conflict, challenge each other to think harder, and then break out of our current situation. And those breakthroughs require so much more effort. And so I believe that good problem solving should invite disagreement. "Ownership is about taking the next step, not just seeing a problem and looking back and admiring the problem and just hoping somebody comes along." Jamie Flinchbaugh. For more content like this, subscribe to Mind The Innovation on Apple or Spotify, or wherever you like to listen. Jamie Flinchbaugh ►LinkedIn https://www.linkedin.com/in/jamieflinchbaugh/ ►Website https://www.jflinch.com/ you can find Sannah on LinkedIn: https://www.linkedin.com/in/sannahvinding/ or visit this website: https://mindtheinnovation.com Thanks for Listening!

Keep Investing In Leadership Skills And Become A Better Leader. In today’s world, organizations need to be proactive about leadership development. Leaders must develop their skills and abilities to meet the challenges of the future. Only two out of five businesses think they are developing leaders who benefit the company. Leaders who adapt well are those who are quick to learn new things. Adaptation is a key part of leadership because you need to know when to change your approach based on what happens around you. You also need to be flexible enough to understand that people may behave differently depending on the situation or environment. Leadership development is an important part of change management. In this episode, we have guest Mark Herschberg, MIT Instructor, Fractional CTO, and the author of the book, The Career Toolkit.

Change management is an integral part of any business strategy because it helps employees feel comfortable with the changes occurring around them. People should feel safe when making changes, and they should also know what they're getting into before they start. Companies should provide support for employees who are going through change, and they should also help them prepare for the changes. In this episode, we have guest Charlotte Allen, CEO of Rebel Success for Leaders.

Reflecting on what you've learned helps you retain information better. It also allows you to apply what you know to new situations. So this episode is a re-run where I had a great conversation with Terry Barnhart about how to teach people to think better - especially the advantages of skill stack, work in collaboration, and how to think outside of your own experience.

Strategy is about choosing between a number of different options to get the best possible result. Innovation is just one of the methods used to achieve your strategic goal. Without a good innovation strategy, it's hard to achieve long-term results. An innovation strategy is a plan for developing new products or services that will help you grow your business. In this episode, we have guest Bruno Pešec, who helps business leaders innovate profitably & President of Pesec Global. Bruno talks about how an innovation strategy is an approach to managing change that focuses on new ideas and ways of doing things. It helps companies think about how they will respond to changes in their environment. An innovation strategy can help a company plan for the future, make decisions about its products and services, and communicate these plans effectively.