Episode 365

The Multiplier Effect

Takeaways

  • Linking innovation to value is crucial for success.
  • Innovation should not be just for the sake of innovation.
  • Understanding market readiness is essential for new ideas.
  • Communication is often the biggest barrier in organizations.
  • Fostering a culture of innovation requires humility in leadership.
  • Innovation can occur in processes, not just products.
  • Developing people can lead to better services and products.
  • Encouraging input from all levels enhances innovation.
  • A strategy for communication is necessary for effective leadership.
  • Stakeholder involvement is key to successful idea development.

📖 Buy "Blue Ocean Strategy" by W. Chan Kim | Renee Mauborgne


Sponsors

🌱 S.E.E.D. Planning Group - https://www.seedpg.com/

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🎙️ One Big Thing Podcast - https://www.nqrmedia.com/one-big-thing


Chapter Markers:

00:00 Introduction to Blue Ocean Strategy

02:07 Linking Innovation to Value

06:19 Fostering a Culture of Innovation

09:45 Effective Communication in Leadership

About the Podcast

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Unleashing Leadership: Unlocking Greatness and Embracing Change

About your host

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Travis Maus

Travis Maus is the Chief Executive Officer of S.E.E.D. Planning Group is a fee-only financial planning firm with over 30 employees and locations in New York and Tennessee.

He hosts Unleashing Leadership and co-hosts the award-winning Ditch the Suits Podcast. Ditch the Suits aim is to help listeners get the most from their money and lives.

He is passionate, unfiltered, and committed to building great businesses.