It’s always rewarding to to soak up knowledge from a great thought leader (or six!). Here are some of The Garage Group team’s favorite new books about innovation, entrepreneurism, leadership and more. There’s still time to tack these onto the end of your summer reading list!
That’s Not How We Do It Here!
James Kotter and Holger Rathgeber
This meaningful read leverages the story of a meerkat clan to demonstrate how research and innovation can come from outside the executive team. The book focuses on Nadia, a frontline member of her clan of meerkats, who recognizes the need for change in order to stay alive in the quickly-growing predator world. She ventures out and explores the values and practices of other clans in order to make a strong case for creating a stronger, more effective and sustainable clan culture of her own.
Leadership and management are not separate; they have to work together and can be found at all levels of any company. Team members should empower and enable each other to lead according to their strengths. Overall, we create value and build more effective organizations by eschewing the belief that only upper-level management can make decisions for everyone.
The Startup Game: Inside the Partnership Between Venture Capitalists and Entrepreneurs
William Henry Draper III
This book offers a fascinating behind-the-scenes look into the genesis of venture capital and angel investors. The story is told from the perspective of three generations of venture capitalists (the author is the second generation). Draper’s keen ability to draw from all perspectives of the Draper empire is what sets this story apart from any other. Draper was alive to see Silicon Valley become what it is today, and he shares that wealth of knowledge in this book, illustrating his past successes and failures by revealing the details of some of his biggest business deals. The book helps to explain just what venture capitalism is, how it got started and where it is today.
It pays to do your homework when it comes to research. Throughout his narrative, Draper demonstrates through many examples of successful companies that the more time and energy that was spent on research, the better the product and/or company did overall.
The Lean Product Playbook: How to Innovate with Minimum Viable Products and Rapid Customer Feedback
Olsen’s book is often featured in lists of the top 10 startup books, and for good reason. It’s a practical how-to review of techniques and case study applications, with lots of emphasis on customer feedback. Startup customer feedback techniques like those outlined by Olsen remind us of ways that we can take smart shortcuts in our research practices, compared to traditional market research thinking.
Our favorite quote from the book is: “The main reason products fail is because they don’t meet customer needs in a way that’s better than other alternatives.” A direct application of this caution is to be sure to continue asking, “What difference would this make in your life?” when concept testing. If customers can’t come up with a meaningful answer, then we need to keep pushing the envelope on innovation.
Grit: The Power of Passion and Perseverance
Relentless drive, persistence and passion can be far more effective than raw talent; yet, as a society, we tend to “prefer our excellence fully-formed,” placing more of a natural bias toward people who have natural aptitude for certain skills. Through Duckworth’s study of grit (determination + direction), she discovers commonalities among people who pick one thing and stick with it over time. In a world where enthusiasm runs rampant, endurance is a more rare trait that must be equally embraced in order to get the important things done. Duckworth explores how paragons of grit (from child contestants at the National Spelling Bee, to world-class athletes and cadets in boot camp) approach and succeed tough, marathon challenges–and gives us actionable steps to build grit in our own lives.
Enthusiasm is common, but endurance is rare. Grit is simply enthusiasm + the direction to guide it. Major paragons of grit who Duckworth studied had four psychological assets in common: interest in a particular topic, capacity to practice, purpose, and hope. For successful ongoing practice and cultivation of a grittier attitude, we must start with a clearly-defined stretch goal, give full concentration and effort, get immediate and informative feedback and repeat with reflection and refinement.
Ego Is the Enemy
Although it seems like many “geniuses” or success stories are egomaniacs (Steve Jobs, Kanye West, etc.), Holiday argues that correlation does not necessarily equal causation; a bloated sense of self is not in and of itself a factor of success. Some of the most brilliant thinkers and doers have gone through life with a level head and a quiet purpose. Though most of us don’t realize it, the ego is a quiet force that can make or break our careers, personal lives and more. Drawing on tenets of Stoic philosophy, this book heroes humility and confidence while explaining how to be realistic about aspirations, graciously maneuver successes, take failures in stride, and to ultimately take back the power of our own egos.
Ego hurts us in different ways when it comes to aspiration, success, and failure. Ego can become a hurdle to aspiration in that we think we already know everything and refuse to learn more to become better. When we finally do reach success, it makes us act entitled and big-headed. In failure, it can stop us from getting back up and trying again. We can stop ego from hindering our efforts with a strong sense of purpose, dignity and persistent curiosity.
Bonus: The Lean Startup
A classic “oldie but goodie,” there is always something new to take away from Eric Ries’ foundational book on how to use continuous innovation to drive business. This book gets down to the nitty-gritty on how to quickly identify what’s working and what’s not for innovation within any company.
Steer the car; don’t just tune the engine. It’s entirely possible to “achieve failure” by perfectly executing the wrong strategy, and the majority of Lean Startup is focused on helping entrepreneurs avoid this pitfall. Companies need to routinely evaluate their destination and route, and oftentimes this is doable without even needing to build the car.
The Garage Group helps corporates innovate and grow like startups.
Breaking through to bigger ideas can only happen when we examine problems with a fresh perspective. Too often, brands stay within the safe walls of their go-to ideas and processes, leaving valuable alternative views on the table that could potentially shift their thinking in a whole new way. Here are some ways to leverage external perspective to get brand teams to sprint forward faster.
It is crucial to have constant consumer input during every step of idea development to get a full picture of the needs and wants of your target audience–and so you don’t waste money developing ideas that don’t meet a real consumer need. And, you don’t need as many external opinions as you think you do; the Sprint team at Google Ventures posits that just five consumer opinions are enough to start seeing trends and patterns in answers.
The Garage Group helps corporates innovate and grow like startups through approaches grounded in speed, iteration and external perspective.
In The Inevitable: 12 Technological Forces that will Shape our Future, Kevin Kelly paints a futuristic picture of 12 macro certainties coming together to completely reshape how we live, work and play in the next 15-30 years. Rather than delving into how these forces will materialize (which is less known), he focuses on the forces themselves; noting that while the concept of the internet was inevitable, the kind of internet we chose (public vs. closed, profit vs. nonprofit, national vs. international) was not. His book not only reinforces the importance of brands continually figuring out how to stay relevant, but the excitement that comes with being a part of one of the best times in our history to innovate.
Here’s a brief summary of the 12 forces that Kelly highlights:
Photo credit: Unsplash user Bethany Legg
Becoming: With current technologies consistently upgrading and a significant increase in new technologies to emerge over the next 30 years, we will be in a constant “newbie” state. Kelly notes that this protopia (a constant state of always improving) will be less noted in our everyday lives since it’s much more about marginal improvements over time. This constant state of becoming is partly why today is the best moment in history to create a startup.
Photo credit: Unsplash user Andy Fitzsimon
Cognifying: Similar to when we took any non-electric item and added electricity, the same will be true with artificial intelligence. There will be a boom in businesses that revolve around taking a dumb item and making it smarter with AI, leading to many types of AI all with different capabilities. For example, before electricity, we washed clothes by hand. After electricity, we used a washer and dryer. In the future, clothes will tell the washing machines how to be washed, and the wash cycle will adjust as directed by the clothes. Consider this force in healthcare, where patients outfitted with sensors that track their bio markers 24 hours a day can generate highly personalized treatments that are adjusted and refined daily. While AI can be thought of as scary (as it will replace many jobs), it will realistically help us define which human activities are indispensable. According to Kelly, “The greatest benefit of the arrival of artificial intelligence is that AIs will help define humanity. We need AIs to tell us who we are.”
Photo credit: Unsplash user Corey Blaz
Flowing: Much of our world today is built on copies of an original (think of viral videos, digital music, etc.) which are entirely free. This free flow of copies will continue to expand on a greater scale. While people have tried to stop the free flow, they have not been successful (e.g., Taylor Swift refusing to distribute her music through Spotify has not stopped the success of the subscription service). The implication is not to try and stop the free flow of copies, but rather to find our unique advantage on why our offering is better than free.
Photo credit: Unsplash user timothy muza
Screening: Today we think of screens in the capacity of our TVs, phones, tablets and computers. The number of screens in our lives will continue to increase, and they will become significantly better at interacting with us via virtual and augmented reality. Consider this scenario: “In the morning, I begin my screening while still in bed. I check the screen on my wrist for the time, my wake-up alarm, and also to see what urgent news and weather scrolls by… As I eat my cereal, I query the screen on the box to see if it’s still fresh and whether the cereal has the genetic markers a friend said it did… At my son’s school, I check one of the public wall displays in the side hallway. I raise my palm and the screen recognizes me. It switches to my personal interface. I can screen my messages if I don’t mind the lack of privacy in the hall.”
Photo credit: Unsplash user Kevin Fernandez
Accessing: “Possession is not as important as it once was. Accessing is more important than ever.” The world continues to move away from ownership and toward renting (think of tangible services Uber and AirBnb as well as intangible service like movie streaming, etc). We will continue to see Accessing playing a role, with the Cloud playing a critical role in enabling us to access what we want, when we want it.
Photo credit: Unsplash user William Iven
Sharing: We are entering into a phase of digital “socialism,” where sites like Pinterest rely on people for their power. Within digital socialism, there are levels to this sharing. At its fundamental level, there is the beginning stage of Sharing (posting videos, FB posts, etc). Cooperation takes it to another level, whereby people are working toward a common goal (e.g., sharing their photos but tagging each other for easy sorting). Soon, we’ll see more consistently Collaboration, the idea of generating/working from a stream of thousands of people (e.g. the Linux operating system which underpins most servers and is coordinated by tens of thousands of members).
Photo credit: Unsplash user freestocks.org
Filtering: “In our lifetime, the entire library of all books, all games, all movies, every text ever printed will be available 24/7… and every day, the library swells.” With the library of everything continuing to swell, we will need help to sort it in order to make sense of it. While there are many traditional filters that exist today (e.g., retail stores acting as a natural filter by only storing certain items, brand names helping us figure out what to buy, or friend recommendations influencing purchases), we will need more filters simply due to the escalation in quantity of content. Filtering will go beyond “you’ll like this because you viewed this,” and more to a complete personalization; “anywhere we want personalization, filtering will follow.”
Photo credit: Unsplash user Luke Chesser
Remixing: “Modern technologies are combinations of earlier, primitive technologies that have been rearranged and remixed. Since one can combine hundreds of simpler technologies with hundreds of thousands of more complex technologies, there is an unlimited number of possible new technologies–but they are all remixes. We are in a period of productive remixing.” As new technologies emerge and the influx of content comes (with not only artists creating the content, but amateurs as well), we’ll be able to create anything we want. “All these inventions permit any literate person to cut and paste ideas, annotate them with her own thoughts, link them to related ideas, search through vast libraries of work, browse subjects quickly, resequence texts, refine material, remix ideas, quote experts, and sample bits of beloved artists.”
Photo credit: Creative Commons 2.0 user Maurizio Pesce
Interacting: The gaming industry has been the primary investor in virtual reality to date, yet VR will expand significantly beyond gaming. The advances in VR will be both in presence (making it feel absolutely real) and interaction (to make it feel like you’re actually interacting with the VR). Growth will come from equipping machines to be able to better interact with us via more sensors. Technology will become our second skin. “A person mumbling to herself while her hands dance in front of her will be the signal in the future that she is working on her computer.” Not just computers, either; all devices will interact. If it doesn’t interact, it will be considered broken.
Photo credit: Creative Commons 2.0 user Vernon Chan
Tracking: We’re on our way to develop 54 billion sensors by 2020. Always-on tracking will continue to explode leading to a more “quantitative self.” For example., rather than a once a year check-up at a doctor, we’ll have all day, every day monitoring of blood sugar, heart rate, etc. “We’ll keep tracking ourselves, we’ll keep tracking our friends, and our friends will track us. Companies and governments will track us more. Fifty years from now ubiquitous tracking will be the norm.” Similar to Accessing, people will try to fight tracking because they are concerned about security. Those who figure out how to normalize tracking will prosper, while those who fight it will not.
Photo credit: Creative Commons 2.0 user Duncan Hull
Questioning: The onset of new technology will always create more questions. Before Google, 50% of Americans used the Yellow Pages once a week. Now, we’re asking Google 4+ times a day for answers. This continual growth in the availability of answers will continue to highlight how much we don’t know, leading to more more thoughtful and complex questions.
Photo credit: Unsplash user Ian Schneider
Beginning: “This is the time when inhabitants of this planet first linked themselves together into one very large thing. Future people will envy us, wishing they could have witnessed the birth that we saw. It was in these years that humans began animating inert objects with tiny bits of intelligence, weaving them into a cloud of machine intelligences and then linking billions of their own minds into this single super mind. This convergence will be recognized as the largest, most complex and most surprising event on the planet until this time.”
So, how should we think about these certain trajectories in the context of innovation? A few implications to consider that will affect our mindset as much as our approach with innovation:
The Garage Group helps corporates innovate and grow like startups by helping implement forward-thinking strategies to help brands evolve with our ever-changing technological world.
Photo credit: Creative Commons 2.0 user Markus Spiske
This week, we said goodbye to our amazing Associate Innovation & Growth Strategist summer intern, Amber Hallmann. Amber brought so much value to our team (plus, she brought a mean foosball game!), and we are sad to see her go. The team treated her like a full-time employee right off the bat, and she took each challenge head-on like a true entrepreneur. Amber has a bright future ahead, and we can’t wait to see what she does next. Watch her Miami University Snapchat takeover that she recorded to document a day in the life at The Garage Group, and read her thoughts below about what she learned this summer. The team misses you already, Amber!
What was the most important thing you learned while working at The Garage Group?
I learned to jump into new projects and skill areas without hesitation and to look for opportunities to grow and learn wherever possible. I was always encouraged to learn and ask questions in many areas of the business, and I appreciated that.
What are your three biggest takeaways about innovating like a startup?
1. Flexibility and willing to try new things is crucial
2. Never be afraid of crazy ideas
3. It’s so important to be open to the concept of connecting dots between concepts that seem unrelated
What’s something unexpected that you experienced at The Garage Group?
Definitely the team. Everyone was so collaborative and supportive, both in and out of the office. Of course, I expected to meet good people, but I didn’t expect that they would feel like family, or that everyone would be so consistently and genuinely there for each other, no matter what. It was such a special environment to come into as an intern.
What do you feel your greatest accomplishment was during your time at The Garage Group?
I got to go on my first business trip this summer, which was such a cool experience! During the trip, I was also able to present at the session and be on a client team. I helped the team innovate and generate some great ideas that came out of the process. That trip also gave me so invaluable insight into how The Garage Group process comes together, from research to execution in the client sessions.
If you had to do it all over again, what would you have done differently?
I would have tried to get more involved with marketing tasks when I had down time. In the beginning, I struggled to figure out what to do, and I got better at inserting myself into tasks and projects toward the end of the summer. Next time, I’ll try out as many different areas of the business as I can to gain even more experience.
Do you feel like your thinking and/or way of working changed at all this summer? If so, how?
I definitely connect dots in a more strategic way now. I thought that way before, but I had never done the research piece behind it myself, so gaining that experience really helped me see how it all connects from the back end.
How has this experience impacted what you think you might like to do in the future, career-wise and internship-wise?
Through both The Garage Group internship experience and the Altman networking events, I met so many people in my cohort who interned at corporate companies. Just last week, a friend of mine asked me whether there were any aspects of a more corporate internship that I wished I could have experienced. I realized that I didn’t personally feel like I missed out on anything by foregoing an internship at a more corporate company; I truly loved my experience working for a startup and wouldn’t want to be anywhere else. I like having the space to innovate and grow and try new things, and a startup environment provides exactly that. I’ve been back and forth on my career path in the past, and realizing that this environment and support system is what I want after college was such a weight off my shoulders.
Anything else you want to add before you sign off?
I’m just really thankful that I was able to come into a team that’s so supportive and that cares about the work we do–and about each other. I was treated as a full-time employee, working with real clients rather than doing training projects, and I’m grateful to have had that opportunity here. I will definitely be back; you haven’t seen the last of me!
On July 21st, the Cincinnati startup community came together for its second annual #NewCoCincy event, a showcase of purpose-focused businesses that are driving industry transformation and community connection in our city. Started by John Battelle (founding editor at Wired magazine and former CEO) and Brian Monahan (former Marketing VP at Walmart), NewCo is self-described as a meeting of the minds with “the focus of a business conference, the feel of a music festival, and the model of an artist open studio.” Cincinnati is honored to be one of 12 NewCo host cities stationed around the world. Last week, over 95 companies (from startups, to breweries, to Fortune 500 corporations) opened their doors to the Cincinnati region to share insights, tips and tricks for smarter innovation, growth and development. We’re excited to make it even bigger and better in the years to come! Still not sure what it means to be a NewCo? This blog post from NewCo’s website provides a great explanation.
The Garage Group was excited to be part of NewCo once again this year. We hosted over 40 people in our Longworth Hall office to talk about five truths and actionable hacks for bringing startup thinking to bigcos. If you missed out, don’t worry–we captured the whole presentation on video, which you can access below.
Thanks to all participating companies and attendees at #NewCoCincy2016! We’re looking forward to knocking it out of the park again next year.
The Garage Group enables corporates to innovate and grow like startups.
Unless you’ve been avoiding the internet and all other news outlets for the past couple of weeks, you’ve probably heard about Pokemon GO, the instantly viral mobile app sensation that has spread across the U.S., New Zealand and Australia. Since its launch earlier this month, the joint smartphone app from Nintendo and Google spinoff Niantic has inspired throngs of people to gather together and explore their cities to catch virtual monsters in augmented reality (AR). Unlike virtual reality (VR), which even further separates gamers from the outside world, it turns out that AR could be a widely-accessible answer to humanizing interactions in the virtual world. In a staggering few weeks, Pokemon GO has become one of the most viral mobile apps of all time–and has opened the floodgates of game innovation with a new IP that could potentially change the way we game forever.
The creators of Pokemon GO were incredibly thoughtful in the way they designed the game, and we noticed a few hallmarks of entrepreneurial innovation that were instrumental to the success this new phenomenon:
It will be fascinating to see the implications Pokemon GO has for other unique gamified experiences. What other applications could there be in this space for consumer education about health problems or awareness of certain causes, for example? Could Niantic’s IP be the answer to a new wave of widespread human interaction and/or education? And furthermore, how can brands potentially use this new platform as a monetization vehicle? We’re excited to find out.
The Garage Group helps corporates innovate and grow like startups with ideation that disrupts industries.
Photo credit: Creative Commons 2.0 user Eduardo Woo
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“Loved our time with The Garage Group to re-imagine our brand’s architecture. They pushed our thinking and helped us build out a model that will carry us into the next several years.”
– Director, Global Insights and Planning, Kellogg’s
“The lean approach to concept development got us to great concepts, so much faster and with less internal debate, than any focus group approach we’ve used in the past.”
– VP, Consumer Insights, Yankee Candle Company