We interview innovation leaders from around the world and share their insights on corporate innovation.
Bob Cooper is the Chief Innovation Officer at J.W.Pepper - the world’s largest sheet music retailer with over 1 million titles in its catalog. He is responsible for helping the company identify innovative new business opportunities and practices that leverage the experience and reputation that J.W Pepper has built over the past 140 years.
My biggest learning has been to slow down. By nature, I have a "hurry up - let's go" approach to business. This is useful for instilling a sense of urgency, but in working with innovation there are a number of unknowns that can trip people - or teams - up. Doing something for the first time often requires slowing down. The Navy Seals have a great saying, "Slow is smooth and smooth is fast" which can easily be applied to business innovation.
I am most intrigued by the “no code” movement because it democratizes technology development. It puts the power of creation into the hands of the subject matter experts and business people, without having to rely on teams of custom programmers. With an "API-first" approach, these new no-code tools and platforms can dramatically reduce time and provide significant cost-savings.
The biggest barrier to change is fear; fear of the unknown, fear of failure, or fear of losing ones' income because of failure. As an innovation leader, it's important to create an environment of trust, that focuses on the future goals of the organization as opposed to reacting to or justifying the past. People have to understand that it's okay to admit when they are stuck or confused. That is how progress happens.
We are already seeing increased focus on business digitization, across the entire enterprise, spanning all industries. This requires a holistic view of how all the piece parts fit together, and how they can be improved. While this may need seem as exciting as a new paradigm shifting product or service, it represents billions of dollars of short-term benefit. Companies that ignore this trend risk finding themselves left behind.
In this ebook, we bring you an overview of the history of professional sports, how technology and business model innovations are changing the game, and what organisations can do to best adapt to these changes.