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	<title>New Lantern &#187; risk-taking</title>
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	<description>business innovation, art and design</description>
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		<title>The Gift of Inconvenience</title>
		<link>http://newlantern.com/innovation-economy/the-gift-of-inconvenience/</link>
		<comments>http://newlantern.com/innovation-economy/the-gift-of-inconvenience/#comments</comments>
		<pubDate>Thu, 15 Dec 2011 00:00:35 +0000</pubDate>
		<dc:creator>Arezu Ingle</dc:creator>
				<category><![CDATA[innovation economy]]></category>
		<category><![CDATA[management consulting]]></category>
		<category><![CDATA[customers]]></category>
		<category><![CDATA[risk-taking]]></category>

		<guid isPermaLink="false">http://newlantern.com/?p=5558</guid>
		<description><![CDATA[If you’re like me, you’re still finding gift cards that you received last Christmas, but never used...]]></description>
			<content:encoded><![CDATA[<p>If you’re like me, you’re still finding gift cards that you received last Christmas, but never used.</p>
<p>Oh joy, with Christmas 2011 only 11 days away, we’ll soon be starting the gift card mania all over again.</p>
<p>Try going to any store these days without being inundated by gift cards from scores of retailers. The supermarket. The drugstore. The office supply store. Even the <a href="http://www.7-eleven.com/" target="_blank">7-Eleven</a> down the street has umpteen variety of gift cards. I guess that’s why we call them convenience stores. But is there such a thing as too much convenience?</p>
<p>Standing in the checkout line of any of these stores, you can find yourself an arms-length away from any number of brightly colored gift cards from places like <a href="http://www.barnesandnoble.com/" target="_blank">Barnes and Noble</a>, <a href="http://applebees.com/" target="_blank">Applebee’s</a>, <a href="http://bestbuy.com" target="_blank">Best Buy</a>, and <a href="http://bassproshops.com" target="_blank">Bass Pro Shops</a>. Hey, don’t snicker. Bass fisher men and women need a little love during the holidays too.</p>
<p>What happened to the good old days when you had to actually go to an individual store to purchase that store’s gift card, or God forbid, purchase a gift itself? And try giving someone a $50 <a href="http://americanexpress.com" target="_blank">American Express</a> Gift Certificate these days, redeemable like a traveler’s check. They came in matching gold-colored envelopes and made a great Christmas or graduation gift. Nowadays, you might as well try giving someone a rotary dial phone.</p>
<p>I must admit that I too find it hard to resist buying a gift card or two each year for that special someone &#8212; or not so special. It’s easy, and requires little thought or planning. Isn’t that the American way?</p>
<p>Let’s try something bold and new this holiday season. Physically go to a store and actually buy a real gift for that friend or loved one. And pay extra to get it wrapped by a human being.</p>
<p>In fact, make it a point this year to demonstrate a little inconvenience. Go out of your way. And do the same with your customers and clients. You’ll enjoy the results and the <a href="http://newlantern.com/services" target="_blank">good cheer</a> it will bring.</p>
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		<title>Remembering America&#8217;s Chief Innovator</title>
		<link>http://newlantern.com/innovation-economy/remembering-americas-chief-innovator/</link>
		<comments>http://newlantern.com/innovation-economy/remembering-americas-chief-innovator/#comments</comments>
		<pubDate>Sat, 08 Oct 2011 22:54:44 +0000</pubDate>
		<dc:creator>Arezu Ingle</dc:creator>
				<category><![CDATA[design]]></category>
		<category><![CDATA[designers]]></category>
		<category><![CDATA[innovation economy]]></category>
		<category><![CDATA[innovators]]></category>
		<category><![CDATA[business]]></category>
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		<category><![CDATA[global]]></category>
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		<category><![CDATA[risk-taking]]></category>
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		<guid isPermaLink="false">http://newlantern.com/?p=5184</guid>
		<description><![CDATA[It's hard to add to what has already been said from so many corners of the globe about the enormous contributions of Steven Paul Jobs to the fields of technology, movies, music, telecommunications, and design itself. But I do feel compelled to say something about Mr. Jobs. We just lost our country's Chief Innovator...]]></description>
			<content:encoded><![CDATA[<p><a href="http://newlantern.com/wp-content/uploads/2011/10/Steve-Jobs-1955-2011.png"><img class="alignnone size-medium wp-image-5204" title="Steve Jobs 1955-2011" src="http://newlantern.com/wp-content/uploads/2011/10/Steve-Jobs-1955-2011-300x200.png" alt="Steve Jobs 1955 2011 300x200 Remembering Americas Chief Innovator" width="300" height="200" /></a></p>
<p>It&#8217;s hard to add to what has already been said from so many corners of the globe about the enormous contributions of <a href="http://en.wikipedia.org/wiki/Steve_jobs" target="_blank">Steven Paul Jobs</a> to the fields of technology, movies, music, telecommunications, and design itself. But I do feel compelled to say something about Mr. Jobs. We just lost our country&#8217;s Chief Innovator.</p>
<p>Steve Jobs was a once-in-a-generation visionary who demonstrated a unique blend of design, business, and marketing savvy. He took a quirky, irrelevant computer company named after a fruit, which he co-founded in the 1970s, and turned it into a global business powerhouse boasting the largest market cap of any other company on the planet  – equaled only by Exxon Mobil.</p>
<p>The last decade, in particular, has been truly impressive as Jobs led <a href="http://www.apple.com/" target="_blank">Apple</a> as it redefined the music industry via the iPod, wireless communication via the iPhone, and more recently, the computer itself via the iPad.</p>
<p>Jobs didn’t always get it right. In 1985, after being fired by Apple, he started the NeXT computer company. NeXT folded in 1996 after shipping only 50,000 units, but its high performance personal computers impressed many, including Apple, which re-hired Jobs in 1997.</p>
<p>Most important, Jobs learned from his mistakes and he wasn’t afraid to make them. At every turn in his career, he ignored traditional business school dogma, and chose to take a different path – always guided by what he felt the consumer wanted.</p>
<p>Jobs concluded that consumers would be willing to pay more for a product if it was well-designed and simple to use.  He was right, and Apple and its shareholders have benefited handsomely.</p>
<p>Business schools will be studying the “Jobs Effect” and his hyper-successful business methods for years to come, and rightfully so.</p>
<p>At some point, there will be another Steve Jobs. He or she will also achieve success by eschewing the safe path. And most likely, he or she too will succeed as a result of a keen focus on <a href="http://newlantern.com/services/innovation-program-design/" target="_blank">innovation</a>, <a href="http://newlantern.com/services/introduction-to-creative-artists-and-innovators/" target="_blank">smart design</a>, and <a href="http://newlantern.com/services" target="_blank">creative business approaches</a>.</p>
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		<title>Remembering Another Freud</title>
		<link>http://newlantern.com/artists/remembering-another-freud/</link>
		<comments>http://newlantern.com/artists/remembering-another-freud/#comments</comments>
		<pubDate>Sat, 30 Jul 2011 00:17:40 +0000</pubDate>
		<dc:creator>Arezu Ingle</dc:creator>
				<category><![CDATA[artists]]></category>
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		<description><![CDATA[British painter and portrait artist Lucian Michael Freud died last week in London at the age of 88. Not as famous as his grandfather, Sigmund Freud...]]></description>
			<content:encoded><![CDATA[<p><a href="http://newlantern.com/wp-content/uploads/2011/08/lucian_freud_self_portrait.jpg"><img class="alignnone size-medium wp-image-4984" style="margin-left: 8px;" title="lucian_freud_self_portrait" src="http://newlantern.com/wp-content/uploads/2011/08/lucian_freud_self_portrait-206x300.jpg" alt="lucian freud self portrait 206x300 Remembering Another Freud" width="206" height="300" /></a></p>
<p>British painter and portrait artist <a href="http://en.wikipedia.org/wiki/Lucian_Freud" target="_blank">Lucian Michael Freud</a> died last week in London at the age of 88.</p>
<p>Not as famous as his grandfather, <a href="http://en.wikipedia.org/wiki/Sigmund_Freud" target="_blank">Sigmund Freud</a>, Lucian was well-known nonetheless in the world of art for his “stark and revealing paintings of friends and intimates,” according to the <a href="http://www.nytimes.com/2011/07/22/arts/lucian-freud-adept-portraiture-artist-dies-at-88.html?pagewanted=1&amp;_r=2" target="_blank"><i>New York Times</i></a>.</p>
<p>Lucian Freud was born in Berlin on December 8, 1922 to Sigmund Freud’s youngest son, Ernst Ludwig Freud, who was an Austrian architect. Lucian’s mother, Lucie née Brasch, was German. As both parents were Jewish, the Freuds moved their family to the <a href="http://en.wikipedia.org/wiki/St_John%27s_Wood" target="_blank">St. John’s Wood</a> district of London in 1933 to escape Nazi Germany.</p>
<p>I know St. John’s Wood well and have walked down many of its streets given my grandfather lived in that district for many years. I also know the work of Lucian Freud and have always respected it for its thought-provoking nature. His earlier Surrealism works gave way to bluntly-presented nude portraitures by the 1950s, which served to shock the senses. For example, his “Naked Man with Rat” (1977-1978) depicted a man lying on a couch holding a sleeping rat.</p>
<p>The central figures of Freud’s paintings many times appear tired, aged, and distressed – which has unnerved some observers over the years, particularly in the United States. Yet, no matter what one thinks of Freud’s work, there is an undisputed market for it. In May 2008, his 1995 portrait “Benefits Supervisor Sleeping” sold at auction by <a href="http://christies.com/" target="_blank">Christie&#8217;s</a> in New York City for $33.6 million, which set a record for sale value of a painting by a living artist.</p>
<p><a href="http://newlantern.com/services" target="_blank">Conformity is the enemy to both the artist and the innovator</a>. Corporations are generally expert at promoting conformity, but seldom proficient in providing for a culture that promotes creative thought and action. And they do so at their peril.</p>
<p>The next time you find yourself trying to conform, ask this question: “What would Freud do?” No, not the father of psychoanalysis, but his grandson.</p>
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		<title>To the Moon and Back</title>
		<link>http://newlantern.com/innovation-economy/to-the-moon-and-back/</link>
		<comments>http://newlantern.com/innovation-economy/to-the-moon-and-back/#comments</comments>
		<pubDate>Fri, 08 Jul 2011 00:46:27 +0000</pubDate>
		<dc:creator>Arezu Ingle</dc:creator>
				<category><![CDATA[innovation economy]]></category>
		<category><![CDATA[innovators]]></category>
		<category><![CDATA[challenge]]></category>
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		<guid isPermaLink="false">http://newlantern.com/?p=4943</guid>
		<description><![CDATA[On May 25, 1961 President John F. Kennedy spoke before a joint session of Congress and laid down a challenge to the country and the U.S. space program: “I believe that this nation should commit itself to achieving the goal, before this decade is out, of landing a man on the Moon and returning him safely to the Earth.”  ...]]></description>
			<content:encoded><![CDATA[<p>On May 25, 1961 President John F. Kennedy spoke before a joint session of Congress and laid down a challenge to the country and the U.S. space program: “I believe that this nation should commit itself to achieving the goal, before this decade is out, of landing a man on the Moon and returning him safely to the Earth.”</p>
<p>With these words, the United States marshaled an unprecedented level of innovative and scientific forces to accomplish this seemingly unreachable goal. In doing so, new generations of Americans became interested in science and space. Educators, students, and the American society at large embraced this ambitious goal with a level of enthusiasm not seen before or since this period in history.</p>
<p>And eight years later on July 21, 1969 astronaut <a href="http://en.wikipedia.org/wiki/Neil_Armstrong" target="_blank">Neil Armstrong</a> became the first person to step foot on the Moon.</p>
<p>Undoubtedly, this country’s excitement and focus on science and space in the 1960s helped plant many of the seeds that led to America’s leadership in technology over the next several decades, including the microcomputer, software, and the Internet.</p>
<p>With this week’s 135th and last launch of the <a href="http://en.wikipedia.org/wiki/STS-135" target="_blank">U.S. Space Shuttle</a>, I find myself longing for a new, seemingly unreachable goal that can spark this country’s ingenuity and innovative spirit once more.  Else, I fear that we will continue to slip further behind other countries like China and India, which are turning out four times as many math, engineering, and science graduates as the United States.</p>
<p>Let’s hope our country’s next Moon shot comes sooner rather than later.</p>
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		<title>Dancing With the Inventor Stars</title>
		<link>http://newlantern.com/innovators/dancing-with-the-inventor-stars/</link>
		<comments>http://newlantern.com/innovators/dancing-with-the-inventor-stars/#comments</comments>
		<pubDate>Thu, 30 Jun 2011 17:57:16 +0000</pubDate>
		<dc:creator>Arezu Ingle</dc:creator>
				<category><![CDATA[innovators]]></category>
		<category><![CDATA[breakthrough]]></category>
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		<description><![CDATA[Inventor and entrepreneur, George C. Ballas, Sr. of Houston, TX, died this past week at the age of 85. You may not know his name, but you know his most popular invention – the Weed Eater...]]></description>
			<content:encoded><![CDATA[<p>Inventor and entrepreneur, <a href="http://hosted.ap.org/dynamic/stories/U/US_OBIT_WEED_EATER_INVENTOR?SITE=PAREA&amp;SECTION=HOME&amp;TEMPLATE=DEFAULT" target="_blank">George C. Ballas, Sr.</a> of Houston, TX, died this past week at the age of 85. You may not know his name, but you know his most popular invention – the Weed Eater.</p>
<p>His weed trimming device helped revolutionize lawn care in the 1970s. Ballas first introduced the product in the early 1970s, and by 1976, “he was selling $40 million worth of them annually,” according to the <i>Associated Press</i>. In 1977, he sold the company to the Emerson Electric Company for an undisclosed amount.</p>
<p>Eager to find a way to more quickly trim his three-acre yard, Ballas got the idea for the Weed Eater while sitting in an automatic car wash as he watched the large rotary bristles clean his car. His first version used wire attached to a popcorn can, which was then rigged to a rotary edger. He then worked with an engineer to substitute monofilament line as the lightweight and inexpensive cutting material. Ballas held several patents on the machine.</p>
<p>George Ballas also invented an adjustable table and marketed an early portable phone, but inventing was not his day job. Ballas was a professional dancer who owned and ran several Arthur Murray and Fred Astaire dance studios in the 1960s. He served as President of Fred Astaire Studios from 1960 to 1964. After getting out the service, he married a dancer instructor, Maria Louis Marulanda, who taught Ballas the tango. The couple later performed together.</p>
<p>His son, Corky Ballas, also became a professional dancer, as well as his grandson, Mark Ballas, who has appeared on seven seasons of &#8220;Dancing With the Stars.&#8221;<br />
Mark Ballas partnered with Bristol Palin in Season 11.</p>
<p>You never know where creativity and ingenuity may come from or where it may take you. How many great ideas, like the Weed Eater, never made it to the production table because of lack of confidence, encouragement, or risk-taking?</p>
<p>The same holds true for <a href="http://newlantern.com/services" target="_blank">creativity and innovation</a> within a company.  Make sure your corporate culture embraces the  George Ballases within your ranks, even when their ideas may not fit neatly in their day jobs.</p>
<p>It could very well lead to a new patent for your company, an improved service, or a new dance move that’s bound to impress the judges (a.k.a. shareholders).</p>
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		<title>The Heart of Innovation</title>
		<link>http://newlantern.com/innovation-economy/the-heart-of-innovation/</link>
		<comments>http://newlantern.com/innovation-economy/the-heart-of-innovation/#comments</comments>
		<pubDate>Sun, 12 Jun 2011 22:22:19 +0000</pubDate>
		<dc:creator>Arezu Ingle</dc:creator>
				<category><![CDATA[innovation economy]]></category>
		<category><![CDATA[innovators]]></category>
		<category><![CDATA[management consulting]]></category>
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		<guid isPermaLink="false">http://newlantern.com/?p=4896</guid>
		<description><![CDATA[According to Investor’s Business Daily, biomedical company Edwards Lifesciences puts innovation at the heart of its corporate strategy. And Edwards should know something about the heart given it is a leading innovator in heart valve development...]]></description>
			<content:encoded><![CDATA[<p>According to <a href="http://www.investors.com/NewsAndAnalysis/Article/574984/201106101529/Innovation-Pays-Off-At-Edwards-Lifesciences.aspx" target="_blank"><i>Investor’s Business Daily</i></a>, biomedical company <a href="http://www.edwards.com/Pages/Default.aspx" target="_blank">Edwards Lifesciences</a> puts innovation at the heart of its corporate strategy.  And Edwards should know something about the heart given it is a leading innovator in heart valve development.</p>
<p>Key to its success, Irvine, CA-based Edwards Lifesciences has continued to pump resources into research and development in recent years, while “many companies have cut back on R&amp;D due to economic pressures.”</p>
<p>Edwards has gained market share against competitors like Medco Health, Boston Scientific, and St. Jude Medical because of its focus on quality and innovation in the heart valve and vascular market, according to medical technology research analyst, Ben Andrew.</p>
<p><a href="http://www.edwards.com/SharedPages/Pages/OurLeaders.aspx" target="_blank">Mike Mussallem</a>, Edwards’ CEO, also notes that the key to innovation is the willingness to make mistakes.  “What’s important is making mistakes, learning from them and making adjustments.”  The Edwards’ maxim:  “Don’t Blame, Learn.”</p>
<p>Other company managers and executives could learn from this maxim.  Employees many times are too timid to try something new for fear of failing, and then being ridiculed and penalized.  This type of risk averse/don’t fail corporate culture leads more often to mediocrity, not to <a href="http://newlantern.com/services/" target="_blank">innovative products and services</a>.</p>
<p>Take a page from Edwards Lifesciences, and put learning from your mistakes at the heart of your innovation program.  You may not save lives in the process, but you could save your company and put it on a much healthier course toward success.</p>
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		<title>Standing Out in the Crowd</title>
		<link>http://newlantern.com/innovation-economy/standing-out-in-the-crowd/</link>
		<comments>http://newlantern.com/innovation-economy/standing-out-in-the-crowd/#comments</comments>
		<pubDate>Tue, 15 Feb 2011 23:02:13 +0000</pubDate>
		<dc:creator>Arezu Ingle</dc:creator>
				<category><![CDATA[designers]]></category>
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		<description><![CDATA[Several months ago I was in San Francisco and making my way by foot to an appointment in the Financial District. I suddenly found myself at the base of the city’s iconic Transamerica Pyramid building on  Montgomery Street...]]></description>
			<content:encoded><![CDATA[<p><a href="http://newlantern.com/wp-content/uploads/2011/02/Transamerica-Pyramid-higher-res.jpg"><img class="alignnone size-medium wp-image-4580" style="margin-left: 4px; margin-right: 4px;" title="Transamerica Pyramid photo by New Lantern" src="http://newlantern.com/wp-content/uploads/2011/02/Transamerica-Pyramid-photo-by-New-Lantern-225x300.jpg" alt="Transamerica Pyramid photo by New Lantern 225x300 Standing Out in the Crowd" width="225" height="300" /></a></p>
<p>Several months ago I was in San Francisco and making my way by foot to an appointment in the Financial District. I suddenly found myself at the base of the city’s iconic <a href="http://en.wikipedia.org/wiki/Transamerica_Pyramid" target="_blank">Transamerica Pyramid</a> building on  Montgomery Street.</p>
<p>For several minutes I stood there in awe gazing upward at this architectural wonder to take in its dramatic pyramid shape and its “wings” silhouetted against an intense blue sky.</p>
<p>In a city that boasts the Golden Gate Bridge and the Coit Tower, San Francisco has no shortage of iconic landmarks.  Yet, among office buildings throughout the world, you would be hard-pressed to find one as uniquely shaped and enduring as the Transamerica building.</p>
<p>Designed by architect <a href="http://en.wikipedia.org/wiki/William_Pereira" target="_blank">William Pereira</a>, the building’s nonconformist shape had its detractors during its planning and construction, which started in 1969.  The Transamerica building was completed in 1972 and soon became a proud and highly recognized symbol for San Franciscans.</p>
<p>History books are full of similar reactions to bold and unconventional designs that initially startled the senses, but over time became beloved for their distinction. Look no further than <a href="http://en.wikipedia.org/wiki/Gustave_Eiffel" target="_blank">Gustave Eiffel</a>, the French engineer who designed the famed tower in Paris that bears his name.</p>
<p>From childhood we are taught not to stand out in the crowd. Go along. Fit in. Conform.  As adults, this conformist behavior is roundly encouraged in the workplace.</p>
<p>This type of imitative culture serves to stifle the very type of creativity and innovation that your company needs to thrive and endure.</p>
<p>Applaud the individuality of your employees and seek to encourage, not suppress, the dramatic.</p>
<p>Your company has the potential to leave its mark on the business landscape, but only if you give your employees the opportunity to <a href="http://newlantern.com/services" target="_blank">stand out in the crowd</a>.</p>
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		<title>Fearless Ingenuity</title>
		<link>http://newlantern.com/innovation-economy/fearless-ingenuity/</link>
		<comments>http://newlantern.com/innovation-economy/fearless-ingenuity/#comments</comments>
		<pubDate>Sat, 29 Jan 2011 02:57:25 +0000</pubDate>
		<dc:creator>Arezu Ingle</dc:creator>
				<category><![CDATA[innovation economy]]></category>
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		<guid isPermaLink="false">http://newlantern.com/?p=4529</guid>
		<description><![CDATA[Have you ever had a good idea for your company, but felt if you raised it to your management, they might scoff at the idea – or worse, tell you to mind your own business?  Fear is one of the biggest obstacles to innovation in any company. Fear of ridicule. Fear of embarrassment...]]></description>
			<content:encoded><![CDATA[<p>Have you ever had a good idea for your company, but felt if you raised it to your management, they might scoff at the idea – or worse, tell you to mind your own business?  Fear is one of the biggest obstacles to innovation in any company. Fear of ridicule. Fear of embarrassment. Fear of being told that your idea is stupid.</p>
<p>Too many companies unfortunately promote an environment that embraces this fear. It starts with managers who fear that their direct reports might actually outshine them with a creative or ingenious idea.  These fearful managers exist at the lowest levels of the company, at the highest levels of the company, and every level in between.  </p>
<p>There are also structural factors that promote innovation-killing fear in a company. “We’re the Office of Corporate Strategy.” “We’re the Office of Innovation.” “We’re the Office of the CEO.” Or, “We’re the number one product group for the company.”  “You stick to your day job, and let us worry about the company’s new ideas or innovation strategy.”  Sound familiar?</p>
<p>These are also the same companies which many times find themselves slipping from first, to second, to way back in the pack, while younger, hungrier, and more fearless companies eat their lunch.</p>
<p>But it doesn’t have to be this way. Start by leveraging the laws of statistics. Challenge every single person in your organization to stretch his or her thinking. Promote a culture that holds to this axiom:  no idea is a bad idea. Of course, you’ll need to point out that only a few ideas will be worthy of pursuing. Yet, your odds of finding a pearl are increased as you open up a larger number of oyster shells.</p>
<p>Try it. You have nothing to fear, but fear itself. </p>
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		<title>Teaching an Old Dog New Tricks</title>
		<link>http://newlantern.com/innovation-economy/teaching-an-old-dog-new-tricks/</link>
		<comments>http://newlantern.com/innovation-economy/teaching-an-old-dog-new-tricks/#comments</comments>
		<pubDate>Thu, 18 Nov 2010 03:15:12 +0000</pubDate>
		<dc:creator>Arezu Ingle</dc:creator>
				<category><![CDATA[innovation economy]]></category>
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		<guid isPermaLink="false">http://newlantern.com/?p=4260</guid>
		<description><![CDATA[Chevrolet celebrated its 99-year-old birthday earlier this month. Yesterday it celebrated winning Motor Trend’s coveted “Car of the Year Award” for its widely acclaimed new electric car named the “Volt.”  The company’s founder and namesake, Louis Chevrolet (1878-1941) would be proud...]]></description>
			<content:encoded><![CDATA[<p><a href="http://newlantern.com/wp-content/uploads/2010/11/2011-Chevrolet-Volt.jpg"><img class="alignnone size-medium wp-image-4274" style="margin-top: 3px; margin-bottom: 0px;" title="2011 Chevrolet Volt" src="http://newlantern.com/wp-content/uploads/2010/11/2011-Chevrolet-Volt-300x178.jpg" alt="2011 Chevrolet Volt 300x178 Teaching an Old Dog New Tricks" width="300" height="178" /></a></p>
<p>Chevrolet celebrated its 99th birthday earlier this month. Yesterday it celebrated winning <a href="http://www.motortrend.com/oftheyear/car/1101_2011_motor_trend_car_of_the_year_chevrolet_volt/index.html" target="_blank"><i>Motor Trend’s</i></a> coveted “Car of the Year Award” for its widely acclaimed new electric car &#8212; the “<a href="http://www.chevrolet.com/volt/" target="_blank">Volt</a>.”  The company’s founder and namesake, <a href="http://en.wikipedia.org/wiki/Louis_Chevrolet" target="_blank">Louis Chevrolet </a>(1878-1941) would be proud.</p>
<p><a href="http://en.wikipedia.org/wiki/Chevrolet" target="_blank">Chevrolet</a> was acquired by General Motors in 1917, and to this day continues to be GM’s highest selling brand.  With the accolades pouring in over the Volt, GM has even more reason to be smiling these days.  The company’s stock resumes selling this week on the New York Stock Exchange after GM&#8217;s near-death experience in the last two years living through bankruptcy and government bailouts.</p>
<p>The road ahead for GM will still be rocky, but it has at least delivered on its electric car promise that it made only a few years ago.  Compared to an electric-only car, the Volt has an electric motor that can go 40 miles on a single charge, but can then kick on a gasoline engine to get you to your destination while also helping to recharge your battery.</p>
<p>The four-door Volt will retail for around $40,000, not including a $7,500 federal tax credit.  GM has stated its intention to begin selling the Volt by year’s end in seven U.S. markets, including Washington DC, California, Michigan, New York, New Jersey, Connecticut and Texas.  Chevrolet dealers in these cities are already reporting very strong demand and long waiting lists. Plans are to sell the car nationwide 12-18 months later.</p>
<p>I’m hoping the Volt will live up to its hype.  GM clearly needs its flagship green car to be a success if it hopes to continue down the path of survival.  And frankly America needs a successful home-grown electric vehicle offering to compete with Nissan’s new electric “Leaf,” and popular electric hybrids from Toyota and Honda.</p>
<p>Equally important is the lesson for other old-line businesses which are struggling to compete with younger companies from around the globe.  While age can many times be a liability for a company, it can also prove beneficial in weathering unexpected storms.  But it will require older companies to stay nimble through <a href="http://newlantern.com/services" target="_blank">innovative executive and manager training, exposure to creative thinkers and doers</a>, and a corporate culture that embraces risk-taking.</p>
<p>With the appropriate focus in these areas, your old dog may soon be doing tricks you never thought possible.</p>
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		<title>It Pays to Have a &#8220;Plan B&#8221;</title>
		<link>http://newlantern.com/management-consulting/it-pays-to-have-a-plan-b/</link>
		<comments>http://newlantern.com/management-consulting/it-pays-to-have-a-plan-b/#comments</comments>
		<pubDate>Mon, 18 Oct 2010 03:25:00 +0000</pubDate>
		<dc:creator>Arezu Ingle</dc:creator>
				<category><![CDATA[innovators]]></category>
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		<guid isPermaLink="false">http://newlantern.com/?p=4163</guid>
		<description><![CDATA[This past week, we all watched joyously as the 33 Chilean miners were pulled alive from the depths of the earth that had entrapped them for 69 days. It was back on August 5, 2010, when the copper mine in Copiapo, Chile collapsed, leaving 33 men trapped 2,300 feet below the earth’s surface. Seventeen days passed before rescuers received any sign of life, when the eighth test bore drill came back to the surface with notes attached to the drill bit stating that 33 miners were indeed alive...]]></description>
			<content:encoded><![CDATA[<p>This past week, we all watched joyously as the <a href="http://en.wikipedia.org/wiki/2010_Copiap%C3%B3_mining_accident" target="_blank">33 Chilean miners</a> were pulled alive from the depths of the earth that had entrapped them for 69 days.</p>
<p>It was back on August 5th when the copper mine in Copiapo, Chile collapsed, leaving 33 men trapped 2,300 feet below the earth’s surface. Seventeen days passed before rescuers received any sign of life, when the eighth test bore drill came back to the surface with notes attached to the drill bit stating that 33 miners were indeed alive.</p>
<p>At that point, the world rallied to help Chilean officials and mine experts craft complex plans to rescue the miners. Three drill plans &#8212; A, B, and C &#8212; were launched using different drilling technologies in an effort to reach the miners with a shaft just large enough for their escape. Meanwhile, medicine, liquid food, and oxygen were sent nearly half a mile down via the tiny bore hole as the three drilling rigs worked for weeks around the clock.</p>
<p>NASA developed and built a special transport cylinder to bring the miners to the surface that was a mere 21 inches in diameter inside. Some miners, who had lost over 20 pounds during the first 17 days, were later put on a special diet to ensure that each could fit into the slender rescue tube. Miners were also put on an exercise regimen to minimize muscle atrophy. Mental health experts were consulted on how to engage the miners in certain routines to address the severe mental stress from the ordeal.</p>
<p>In the end, it was the “Plan B” drill that finally reached the small refuge area on October 9th where the miners were located. The “Plan B” drill used a special drill bit from a Pennsylvania company with a hammering mechanism never before used by the Chilean mining industry.</p>
<p>The Chilean government, including its President and its Mining Minister, deserve a lot of credit for the unprecedented rescue. Against enormous odds, they put together a plan of action that embraced both the known and the unknown, while giving themselves necessary contingencies. They also were willing to accept critical input, assistance, and know-how from around the globe, yet remained in control of one of the most complex and intensive rescue operations in history. They proceeded to relentlessly pursue their plan, and 33 lives were saved as a result.</p>
<p>It is a tribute to human ingenuity and the human ideal. When lives are at stake, I marvel at what humans can do when working together.</p>
<p>Corporate executives can learn from this survival phenomenon. The last two years have brought near-death experiences to many companies around the globe. Those companies whose managers and employees rally together, stay focused, and design necessary contingencies are more apt to come out of their hole alive.</p>
<p>It ultimately just might be your <a href="http://newlantern.com/services" target="_blank">“Plan B”</a> that saves your company.</p>
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