Posts Tagged As R&D

Risk vs. Reward – How Compensation, Career Path, and Employment Stability Drive Innovation

For the better part of the last decade I had focused my career on driving innovation for Best Buy, a Fortune 100 retailer, and the undeniable king in the consumer electronics category.  When I joined the company I was focused on identifying innovative products and services that were specifically tailored for the needs of their newly identified customer segments.  I then joined a team where we focused on creating new concept and prototype stores and lead the team responsible for the Escape concept store in Chicago.  Eventually we shut down our two concept stores and I worked to reshape the team into an internal capability that could deliver new prototype stores (i.e. Best Buy Mobile), new retail models (i.e. Best Buy Express), and identify new growth product and service categories (i.e. Personal Transportation, Home Energy Management, and Health & Fitness).

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Burying acorns… the importance of rigor and planning for your future success.

With the dry weather this summer my backyard oak trees seem to have made a premature determination that fall has already arrived.  How do I know this?  By the amazing proliferation of acorns throughout my yard before August had even arrived.  As fast as the acorns could fall the family of gray squirrels was scampering across my yard burying their new found bounty. Although food was abundant the squirrels were making the effort to bury these acorns for their future survival.  While snow may come relatively early in Minnesota it wasn’t likely to start falling for at least three months but the squirrels weren’t waiting for even a moment to begin their work.

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