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Ep. 287 - Andy Binns, Coauthor of Corporate Explorer on Beating Startups at the Innovation Game
Ep. 287 - Andy Binns, Coauthor of Corporate Explorer on Beating Startups at the Innovation Game
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Length:
22 minutes
Released:
Apr 5, 2022
Format:
Podcast episode
Description
On this week's episode of Inside Outside Innovation, we sit down with Andy Binns, Coauthor of the new book, Corporate Explorer. Andy and I talk about the innovation imperative facing corporations today. And what they can do to foster an entrepreneurial environment, to create corporate explorers within their companies. Let's get started.Inside Outside Innovation is the podcast to help new innovators navigate what's next. Each week, we'll give you a front row seat into what it takes to learn, grow, and thrive in today's world of accelerating change and uncertainty. Join us as we explore, engage, and experiment with the best and the brightest innovators, entrepreneurs, and pioneering businesses. It's time to get started.Interview Transcript with Andy Binns, Coauthor of Corporate ExplorerBrian Ardinger: Welcome to another episode of Inside Outside Innovation. I'm your host Brian Ardinger. And as always, we have another amazing guest. Today, we have Andy Binns. Andy is the Cofounder of ChangeLogic and coauthor of a new book called Corporate Explorer: How Corporations Beat Startups at the Innovation Game. Welcome to the show, Andy.Andy Binns: Hey Brian, thanks very much for the invitation. I'm delighted to be here. Brian Ardinger: I'm excited to have you on the show. You have been in this innovation space for a while with McKinsey and IBM. Now you have a new book called corporate Explorer, which is exploring a lot of topics that I think are near and dear to the heart of a lot of our listeners is how can we, as corporations, become better at this whole innovation stuff? Why is innovation becoming so important for corporations to figure out?Andy Binns: That is really actually the point isn't it. And we try to open the book Corporate Explorer by saying, look, a lot of what we're talking about is really old. And it's been around forever, right? And even the notion of a corporate explorer didn't turn up in the last few years. You know, one of the earliest ones that I know of is the creation of the ATM machine. The ATM machine, Della Ru a UK based currency printer literally has the license to print money. And it's like, well, surely people want to access this differently. And this guy comes up with the notion of the ATM machine somewhere in, Surry in south of London, with Barclays Bank in the 1960s. And this was a 300-year-old corporation. This can be done by corporations, but to your point, it's got more important. And it's got more important because we know that digital is there. And transforming not only a business, but an industry. You cannot safely set within automotive and say, all those guys over in consumer devices no longer have anything to do with us. That's true there, but it’s there in a dozen other industries you care to name. And so, this notion of disruption that Clay Christiansen taught us all about. It's kind of like it's present. We don't dispute it. And we certainly don't dispute it after the last two years we've had. This high degree of uncertainty is present.And so, a lot of corporations, even those who are doing really well today, I think see that the dynamics of their industry are changing at such a pace that they can't ignore a bunch of different innovations. Either because they want new revenue streams and or they need new capability. Both of these stories are going on.Brian Ardinger: Yeah, they're being forced to. It's kind of spot on. We've got technology advancements that are coming on. We've got new changes in marketplaces. We've got a pandemic. All these things are colliding at once requiring companies to think and act to move faster than they've ever had before. And yet, we still find example after example of companies that are struggling with this. And overcoming obstacles that you would think that they'd be able to overcome. Because they have quite a few advantages from a corporate perspective.Andy Binns: Absolutely. And that's why corporate innovations beat startups at the innovation game. Now they don't
Released:
Apr 5, 2022
Format:
Podcast episode
Titles in the series (100)
Ep. 3 - Putting Innovation in Context: Today, Josh Berry and Brian Ardinger are discussing the important factors to figure out if innovation is the right step for your business and after evaluating that, determining what kind of innovation will best suite your company's needs. For information by Inside Outside Innovation