The Innovation Show

We continue our series with Paul Nunes. This is part 2 of Big Bang Disruption where we dive into the Shark Fin and look at Nintendo, Regulation, Pinball and more.   00:00:00.000 The birth of a new company in the face of disruption 00:02:42.027 The impact of heavy regulation on industries and innovation 00:10:32.944 The value and promise of smart talent placement 00:14:05.668 The life cycle stages and business strategy adaptation 00:16:26.230 The shift from bell curve to shark fin curve in sales 00:19:26.977 Saturation and the importance of inventory management 00:21:47.284 The Challenge of Optimising Sales and Market Demand 00:24:22.756 Balancing Inventory and Strategic Shortages 00:25:35.386 The Challenge of Competitors in a Powerful Marketplace 00:30:08.325 The Impact of Production and Overproduction on Sales 00:34:41.138 The Challenge of Innovation and Versioning Problem 00:45:20.894 The Importance of Apple's Ecosystem and Interoperability

We have entered a fourth stage of innovation— the era of Big Bang Disruption. The new disrupters attack existing markets not just from the top, bottom, and sides but from all three at once. By tying their products to the exponential growth and falling costs of new technologies, their offerings can be simultaneously better, cheaper, and more customized. Not just for one group of users, but for all (or nearly all) customers. This isn’t disruptive innovation. It’s devastating innovation.   00:00:00.000 The Evolution of Innovation: Addressing Disruption 00:02:36.657 Three Styles of Innovation: Traditional, Cost, and Blue Ocean 00:06:23.894 Simplifying Business Strategies: Differentiation, Cost, and Customer Focus 00:07:20.966 The Challenge of Competing with Better Products 00:17:12.447 Leveraging cameras for innovative bottle tracking technology 00:19:56.153 The cost advantage of digital products and services 00:23:54.145 The phenomenon of better and cheaper innovation in various industries 00:26:44.172 The Impact of Information Spread and Market Realities 00:34:52.300 The Importance of Meeting Customer Breakthrough Points 00:36:20.074 Introduction to the concept of disciplined innovation 00:38:56.498 The power of recombining components in innovation 00:39:26.799 The Rise of Drones: A Phenomenon Explained 00:42:13.962 Rapid Fire Experiments and the Democratization of Customer Insight 00:47:26.683 Information and Access: The Challenges of Finding Information 00:49:04.340 The Power of Low Cost Components 00:49:31.700 Putting Screens on Refrigerators - Why Not? 00:52:04.248 Exponential Technologies Drive Down the Cost of R&D 00:54:40.337 The Challenge of Finding the Threshold for Product Success 00:57:51.377 Broadening Horizons and Taking Time to Think for Workplace Change

Paul Nunes has found that what matters is not just climbing your current S-curve, which is what you do to reach the top of a single successful business. Instead, he emphasises the equal importance of the moves you must make to your next business: making the jump to your future S-curve. His book reveals crucial insights for making such transitions, including: * Why traditional strategic planning won't allow you to find the "big-enough" market insights that are critical to superior performance * Why your top team must be refreshed before performance starts to wane * Why you need much more talent than you think, especially "serious talent" that will find you worthy of their time We welcome back for Par 2, “Jumping the S-Curve: How to Beat the Growth Cycle, Get on Top, and Stay There”, Paul Nunes.   00:00:00.094 Introduction and Importance of Recognizing Stall Points 00:01:51.468 The Real Question: Where Are You in Your Products? 00:09:00.634 Shifting Focus from Cool Phone Features to Reliable Networks 00:12:42.280 Potential Impact of 20% Price Increase on Buyers 00:12:49.050 The Power of Pricing and Competitors 00:15:46.209 The Importance of Scaling and Servicing Demand 00:19:14.833 Strategic Flexibility and Divestment for High Performers 00:23:15.986 The Danger of Fixating on Efficiency and Cost Management 00:25:00.592 Focusing on current success, time to think about next steps 00:29:03.240 The importance of seeing the bigger picture and avoiding tunnel vision 00:32:45.856 Waiting too long for the next big move 00:35:03.439 The Challenge of Technological Obsolescence 00:38:50.137 The Need for Resale Markets and Recycling 00:42:11.000 Letting Go of Stranded Assets in Business 00:46:44.796 Borrowing vs. Profits: Paying off the Mortgage 00:50:47.794 Add-Centric Strategy: Edge of the Organization and Edge of Chaos 00:57:29.565 The Nature of Strategic Transitions and Leadership Selection 01:02:34.211 Changing Management Succession and Ownership of Capabilities 01:05:34.274 Establishing Hotbed Conditions for Talent Development 01:10:28.171 Investing in People and Building Capable Teams

Paul Nunes has found that what matters is not just climbing your current S-curve, which is what you do to reach the top of a single successful business. Instead, he emphasises the equal importance of the moves you must make to your next business: making the jump to your future S-curve. His book reveals crucial insights for making such transitions, including: * Why traditional strategic planning won't allow you to find the "big-enough" market insights that are critical to superior performance * Why your top team must be refreshed before performance starts to wane * Why you need much more talent than you think, especially "serious talent" that will find you worthy of their time We welcome “Jumping the S-Curve: How to Beat the Growth Cycle, Get on Top, and Stay There”, Paul Nunes.   In this episode, we discuss 00:00:00.000 Filling the Gap: Repeated Peaks of Business Performance 00:06:38.522 The Origin: Defining High-Performance Business 00:09:34.223 Kroger's Mistake: Not Investing in the Future 00:12:23.282 Creating Sustained Value and Jumping an S-Curve 00:16:49.711 The Nature of S-Curves and Technology's Impact 00:20:07.341 Jumping Three Curves Simultaneously: A Mind-Blowing Challenge 00:23:44.811 The Zenith Example: Jumping S-Curves or Getting Left Behind 00:26:29.471 The Importance of Big Hairy Audacious Goals 00:28:26.303 The Problem with BHAG and Matching Aspirations to Capabilities 00:34:11.000 The Importance of Listening to Insights and Sourcing Strategy 00:38:48.440 Average and low performers rely on their phones too much 00:41:53.306 The missed step of Apple with iTunes and the acquisition of Beats 00:44:59.325 Balancing short-term profits and investing in future waves 00:48:20.841 Balancing streaming profits and investing in new content creation 00:50:59.949 Surprising Price Difference in India 00:51:06.609 Scaling too hastily can lead to problems 00:54:16.844 The importance of understanding what creates value before scaling 01:00:30.502 Designing with shared components in automotive industry 01:03:32.600 Price point and competence before scaling in consumer products 01:06:29.449 Collecting vinyl records and now books

Discover the importance of prioritization and how it relates to lawns, planning, protection, and growth. Gain insights from real-life examples that illustrate the need to prioritize for individuals and organizations to survive and thrive. Explore how the redistribution of energy reserves in response to a threat leads to a curtailment of growth, comparing it to the human stress response and organizational fight or flight mode. Learn how cells switch between protection and growth modes and apply this concept to work environments, emphasizing the need for an environment that allows for planning, thinking, and growth.

It is a pleasure to welcome the author of The Hidden Spring: A Journey to the Source of Consciousness, Mark Solms. In this episode, we unpack "The Hard Problem" and culminate on Mark's latest challenge: Making a Mind, where he and his team have built a conscious intelligence. 00:00:00.508 The Final Chapter: Exploring the Source of Consciousness 00:06:03.237 Understanding the Underlying Mechanism and the Free Energy Principle 00:12:35.699 Mechanism: Substrate-Independent and Irrelevant to Appearance 00:24:05.372 The cortex and brainstem: the wrong place to look 00:26:57.108 The mechanism of feeling predicts conscious experience 00:34:18.887 Making a Mind: Exploring Consciousness and Mechanisms of Feeling 00:42:00.900 Richard Feynman's Last Words: "If I can't create it, I don't understand it." 00:46:47.955 The Imperative for Artificial Intelligence: Maintaining Homeostatic States 00:47:39.085 The Functioning of the Robot and its Activities 00:52:53.276 The Final Chapter: Artificial Feelings and Ethical Considerations

Author Mark Solms discusses the brain's predictive system, emotions connecting us to ancestors, brain's attempt to contain environmental effects, innate predictions like fear, brain as organization of predictions and errors, and emotional needs and scripts in the podcast.

"No structure, even an artificial one, enjoys the process of entropy. It is the ultimate fate of everything, and everything resists it.' - Philip K. Dick Homeostasis refers to the maintenance of relatively constant internal conditions in an organism. For example, we maintain a body temperature of around 98.6°F (37°C). In a cold environment, we shiver to return to this temperature. In a warm climate, we cool ourselves down to restore balance. In our 9-part series on The Innovation Show, Mark Solms explains the relationship between homeostasis and entropy. Entropy is the natural tendency of things to lose order and fall into chaos. It's why ice melts; batteries lose charge, billiard balls stop, and hot water merges with cold. Homeostasis resists entropy. It keeps us in a limited range of ideal states, like a perfect body temperature. Our bodies need a constant energy supply to maintain homeostasis and resist entropy. Energy can be useful or useless, depending on its ability to work. As useful energy depletes, system entropy increases. This explains why our bodies eventually decline. We need to generate effort to counter entropy, like a balance. This includes exercising to prevent muscle loss, learning new skills for job relevance, and innovating to stay competitive. Like organisms, organisations are living entities that constantly need to reinvent and regenerate energy to maintain balance. Organisations can become stagnant, with experienced managers sometimes lacking the initiative to innovate or drive change. This can lead to inefficiencies and bureaucracy, causing the organisation to become less effective over time. If you think of people as molecules of energy, they dissipate and find areas of the business where they can do the least amount possible. Bureaucracy grows like a bacterial plaque throughout the organisation. The lifeblood of the organisation clogs up and becomes less effective. Information flows become inefficient, like varicose veins. In effect, the organisation atrophies. Injecting new energy into an organisation can revitalise it, realign its workforce, and increase efficiency. As discussed in my book "Undisruptable", this continuous revitalisation is essential for an organisation's health, especially during rapid technological change. Resisting entropy is a fundamental function of living things. Similarly, organisations that resist change become victims of entropy, disrupting the balance of their systems and tipping the scales towards entropy. Maintaining homeostasis is not an event. It is a continual process. Maintaining success requires effort, constant renewal and permanent reinvention.

Mark Solms, author of The Hidden Spring, discusses the Free Energy Principle, Homeostasis, and the neuroscience of innovation. Topics include Markov Blankets, maintaining organization against entropy, predictive models, and self-organization in nature.

Author Mark Solms discusses the source of consciousness, exploring topics like arousal anatomy, volitional feelings, synaptic transmission, neurotransmitters, and the role of the PAG in regulating consciousness and behavior. The podcast delves into the impact of dopamine on emotional states, psychiatric treatments, and the brain's internal model for adaptability.