This post by Gino Chirio is a gold mine in so many critical areas: strategy, innovation and process improvement. The tension today between lowering cost through process improvement and how many priorities should be directed toward innovation is what makes companies win or fail. I promise the graph alone is worth the read:
“The term “innovation” is often associated with geniuses turning startups into gold mines — the next Google, Apple, or Amazon, with products no one even knew they needed. Private equity firms place hundreds of little bets on these startups, hoping one produces a windfall that covers the rest. These bets on the next growth engine often depend on luck more than insight.”