innovation insights

More about our guest:

Peter Compo is the author of “The Emergent Approach to Strategy: Adaptive Design & Execution.” Unlike many strategy authors from universities and consulting firms, Compo’s professional experience was spent working in the “corporate trenches” at E. I. DuPont. Hired as a research scientist, he held leadership positions in product management, marketing, supply chain, business management, and integrated business planning. He left DuPont after 25 years to work full-time on developing the Emergent Approach.

Dr. Compo hails from a multi-generational family of musicians. However, he went on to earn a Ph.D. in chemical engineering from the City University of New York before joining DuPont. His mission is to create a new level of clarity on strategy theory and practice to enable organizations in any domain to innovate and achieve their aspirations.

Know more about him here:

• Peter Compo
• Company: The Emergent Approach to Strategy: Adaptive Design & Execution

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Episode Guide:

00:39 - What is Innovation?  

4:00 - Evolution is Innovation

4:54 - Process to Innovation vs innovation process  

6:25 - Innovation direction in biology

8:00 - Exploiting an Innovation Opportunity

10:41 - Innovation, Evolution, and Business inspirations

13:18 - Innovation and risk management in organizations

16:58 - Practical Questions in Innovation

19:38 - Answering the 5-10 year plan questions

21:17 - Innovation, music, creativity, and cliches

24:39 - Innovation, Jazz, and Discipline

28:28 - South Americas' Mercado Libre

34:02 - Consistency and alignment in group goals

36:11 - Advice to Innovators
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OUTLAST Consulting offers professional development and strategic advisory services in the areas of innovation and diversity management

Paul is a season executive in the cpass and mobile services. He has worked as a lobbyist and has a comprehensive strategic consulting background. He’s also a skiing coach for more than 25 years. I truly had a fun discussion with him ranging from sports to business strategy to books and how emerging economies are spurring new innovations.

This is an extended conversation with him on the following topics:

·       Journey into skiing

·       Hemang’s experience with Downhill Mountain Biking in Colorado – Girl Scouts Trail

·       Negotiating tricky slopes when skiing

·       Skiing Coaching levels

·       Crafting your strategy for complex situations

·       Difference between German and American armies during World War II

·       Bringing audacious goals to reality

·       Books

·       Reverse Innovation

·       Working with an open mind for projects spanning geographies

Books Paul Recommends

The Art of War by Sun Tzu: Ancient Chinese text provides profound insights into strategy, tactics, intelligence gathering and leadership. Relevant not just in war fighting but all aspects of decision making and conflict. The “OG” of strategists.

The Mind of the Strategist by Kenichi Ohmae: Pivotal work by Japanese management consultant, book illuminates art of business strategy from Eastern perspective. Emphasizes a comprehensive, integrated and holistic approach to problem solving.

Competitive Advantage by Michael Porter. Seminal text on business strategy, introduces the concept and structural rubric of the “value chain” framework for analyzing and optimizing the various elements of a business. Key to HBS (Harvard Business School) case study methodology.

Innovator’s Dilemma, plus Innovator’s DNA, by Clayton Christensen. Ground breaking works exploring how even when successful companies do everything right, they can still loose market leadership to smaller, innovative companies with disruptive technologies, usually by targeting segments or adjacencies the larger “incumbents” overlook. Innovator’s DNA is a map as to how anyone can become the disruptive market innovator. Every entrepreneur should read both.

The Prince by Niccolo Machiavelli. Thought as exclusive to political strategy, it offers great insights into the dynamics of power, leadership and psychology, with insights of morally complex, strategic decision making.

Playing to Win: How Strategy Really Works by A.G. Lafley. Penned by former CEO of Procter & Gamble, provides an “in  the trenches,” insider perspective on what it takes to create and execute a winning turnaround strategy in a complex corporate environment.

Sea Power: The History and Geopolitics of the World’s Oceans, by Admiral James G. Stavridis, US Navy. (Stavridis was four star Admiral who became Commander of NATO, later Dean of Tuft’s Fletcher School of Law and Diplomacy.). Provides an extensive exploration of the strategic significance—economically, politically, and geo-security—of the world’s oceans.  Examines how naval power, and global logistics, has shaped the history of nations and international relations.  Delves into current strategic issues such as the rise of China’s naval power, piracy, importance of maritime trade routes and the environmental challenges from c

Follow Hemang Shah at https://www.linkedin.com/in/hemang

Join his FREE newsletter at https://www.innovationsportslife.com/

Welcome to the final installment of our miniseries on Profitable Pricing for freelancers on the Design Break podcast! In this episode, we delve into the world of subscription-based pricing for design services, exploring how it can transform your design career and freelance pricing strategies. Join us as we uncover effective approaches to pricing, discuss the challenges faced by freelancers, and explore the benefits of design subscriptions.

As design professionals, pricing our services effectively is crucial, and we provide insights into different pricing approaches to ensure you value your expertise appropriately. But we don't stop there—we take it a step further and explore the concept of design subscriptions. Discover the advantages of recurring revenue, client loyalty, and streamlined workflows that design subscriptions offer, revolutionizing the way you structure your services and provide ongoing value.

Throughout the episode, we touch on important aspects of the design career landscape, from the evolving nature of freelance pricing to the exciting opportunities that design subscriptions present. We share practical tips and real-world examples to empower you in your design career journey.

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Get ready to revolutionize your approach to freelance pricing and explore the possibilities of design subscriptions. Tune in now for this enlightening journey, and remember to follow us on Twitter @thedesignbreak. Don't forget to leave a rating and review if you enjoy the episode. Your support means the world to us as we continue to deliver valuable content to our incredible community of design professionals and freelancers.