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Managing innovation - creating value from ideas
John Bessant
135 episodes
6 days ago

Innovation doesn't just happen. It's not like the cartoons - a lightbulb flashes on above someone's head and that's it. No - it's a journey and we need to understand how best to prepare for that journey, whatever kind of value we are trying to create. This podcast is about some useful lessons we might take on board to help develop our capabilities.For more, see my website:https://johnbessant.org

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All content for Managing innovation - creating value from ideas is the property of John Bessant and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.

Innovation doesn't just happen. It's not like the cartoons - a lightbulb flashes on above someone's head and that's it. No - it's a journey and we need to understand how best to prepare for that journey, whatever kind of value we are trying to create. This podcast is about some useful lessons we might take on board to help develop our capabilities.For more, see my website:https://johnbessant.org

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Entrepreneurship
Business
Episodes (20/135)
Managing innovation - creating value from ideas
Sewing up the competition: The larger-than-life story of Isaac Merritt Singer

(You can find a transcript here)


Isaac Merritt Singer, the "father of the sewing machine" , was a larger-than-life character whose life was as dramatic as the stages he loved to tread. Born in 1811, Singer's early passion was acting, but he was also a shrewd entrepreneur and inventor. After running away to join an acting troupe at age twelve , he later used his machinist skills to invent a rock-drilling machine and then a wood-carving machine.

His greatest success came in 1851 with his improved sewing machine. Despite early legal battles and the "Sewing Machine War" over patents , Singer became the world's largest manufacturer by 1860. He pioneered mass production, international manufacturing, and marketing techniques like instalment plans and attractive showrooms. This is the story of the entrepreneur, actor, and innovator who transformed a simple piece of equipment into a global industrial and social phenomenon

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2 weeks ago
33 minutes 1 second

Managing innovation - creating value from ideas
Innovation on a plate

Ever wonder what happens when a devastating setback becomes the spark for a revolution? The remarkable story of Josiah Wedgwood is a masterclass in turning personal tragedy into world-changing innovation. This isn't just about pottery; it's about a man who, forced to reframe his entire world, ended up shaping an industry and a nation.

This podcast tells his fascinating innovation storyBefore he became a household name, Wedgwood was an apprentice potter, a craft deeply rooted in his family for generations. But at the age of 11, a battle with smallpox left him with a permanently weakened leg, making the physical labour of the potter’s wheel impossible. A "happy accident," as he would later call it, pushed him away from the wheel and toward the laboratory. It was here, in a world of notebooks and experiments, that he began his journey to transform a "rude uncultivated craft" into an applied science.Wedgwood wasn't just a potter; he was a visionary. He saw the rise of the middle class and a vast new market for beautiful, functional tableware. Unlike his competitors who focused on costly porcelain, Wedgwood chose to innovate, dedicating his life to perfecting earthenware and stoneware. His obsession with experimentation led to groundbreaking creations like the iconic creamware, eventually earning him the royal seal of approval from Queen Charlotte herself. This was the birth of Queensware, a brand that would cement his legacy.But his genius extended far beyond the kiln. He was an early adopter of the factory system, meticulously dividing labor to boost productivity and quality. He wasn't just building a factory; he was creating a planned community for his workers at a site he named Etruria. He was a pioneer in logistics, lobbying for the construction of canals to speed up transportation. Most of all, he was a marketing maverick. From stamping his products to ensure authenticity to offering free delivery and using royal endorsements, Wedgwood invented many of the brand-building strategies we still see today.His crowning achievement was Jasperware, a new material inspired by ancient Roman artifacts. Through thousands of painstaking experiments, he perfected the distinctive matte finish and the famous "Wedgwood blue." The ultimate test came with a commission from Catherine the Great of Russia: a massive, 944-piece dinner service, each piece hand-painted with a unique British landscape. This "Frog Service" was a financial loss but a marketing triumph, proving that Wedgwood's ceramics could rival the finest porcelain in the world.From a disabled boy in a rural workshop to "Vase Maker General to the Universe," Josiah Wedgwood's story is a powerful reminder that sometimes, the greatest leaps forward are born from the most unexpected setbacks. He took a business with minimal worth and turned it into one of England's most famous and enduring industrial concerns. His legacy is still with us today, a testament to the power of a scientific mind and an unyielding will to innovate.

You can find a transcript hereCheck out the 'Managing innovation website' for more stories like these and other resources to help you explore the world of innovation.


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2 months ago
29 minutes

Managing innovation - creating value from ideas
Sweeping the floor with innovation

The humble vacuum cleaner is a household hero, but its story is far from simple. It's a fascinating saga of grit, genius, and a little bit of luck. Most people have never heard of J. Murray Spangler, the asthmatic janitor who cobbled together the first electric suction sweeper from a broom, a pillowcase, and an old fan motor. His ingenious invention, born from a need to escape a dusty, backbreaking job, was a game-changer. Yet, he hardly sold any of his machines.

This podcast reveals how his cousin's husband, a savvy leather goods maker named William Hoover, saw the potential and transformed a struggling invention into a global brand so iconic that its name became a verb.

But the story doesn't start or end there. We'll travel back in time to the very beginnings of civilized life and the invention of the broom, tracing its evolution from a simple bundle of leaves to the meticulously engineered sorghum broom of the 18th century. From there, we’ll uncover the forgotten inventors who tried and failed to mechanize cleaning with bellows and hand cranks, paving the way for innovations like the Bissell carpet sweeper, born from a wife’s frustration with sawdust on the floor of her husband's pottery shop.

This deep dive into the history of home cleaning isn't just about machines—it's about the people behind them. We'll explore the perseverance of inventors like James Dyson, who battled a skeptical industry for years to prove that a bagless vacuum cleaner using cyclone technology was a superior solution. His long and difficult journey from 5,127 prototypes to market domination serves as a powerful reminder that true innovation often requires unwavering belief. Join us to discover how frustration and a touch of genius led to one of the most significant and overlooked inventions of the modern home.


You can find a transcript of the story here


And check out my website for many other stories and other resources to help think about and manage innovation

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2 months ago
22 minutes 22 seconds

Managing innovation - creating value from ideas
Innovation alchemy: How an unlikley partnership sparked a global inudtsry

Welcome to the ‘Managing innovation’ podcast, where we uncover the stories behind some of history's most fascinating innovations! In this episode we look at how a runaway alchemist's impossible dream of turning base metals into goldinadvertently led to the creation of "white gold" – porcelain – and sparked a global industry.

Join us as we explore the journey from initial breakthroughs to widespread adoption, examining pivotal moments like thestrategic partnerships that made the impossible, possible ,and the painstaking discipline of experimentation that triumphs over mere luck.

Discover how entrepreneurs of the past strategicallyidentified and nurtured wealthy market niches, eventually scaling their luxury products to become desirable commodities.

Our episodes reveal the timeless principles of innovation and entrepreneurship, demonstrating how even in the face of intense imitation, differentiation and value proposition can secure lasting success. From the challenges of protectingintellectual property in an era before patents to the impact of shifting consumer trends like the rise of tea and coffee, we connect historical ingenuity to the complexities of modern entrepreneurship.

 

If you're an innovator, a budding entrepreneur, or simplycurious about the forces that drive progress, then please subscribe to ‘Managing innovation. Podcast – and tell your friends!

 

Transcript available here

 

And many other innovation resources available on my website,here.

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3 months ago
23 minutes 30 seconds

Managing innovation - creating value from ideas
Connecting the world

Skype is no more. The familiar blue and white logo has quietly disappeared, retired by Microsoft back in May. But this was always much more than a powerful piece of software; it was an innovation which changed the world. In this podcast we explore the surprising origins of Skype, from music compression in a German PhD student's lab to file-sharing turmoil with Kazaa. Join us as we unravel how Niklas Zennström and Janus Friis transformed peer-to-peer technology into a global communication giant, making international calls virtually free. We’ll explore Skype's meteoric rise, its eventual "retirement" by Microsoft, and the profound lessons it offers about disruptive innovation, entrepreneurial spirit, and why some good ideas eventually fade, leaving behind a powerful legacy.


You can find a transcript here

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4 months ago
41 minutes 23 seconds

Managing innovation - creating value from ideas
Fashioning an innovation revolution

This May marks a huge anniversary for a brand that utterly transformed the way we dress, a company that became a chameleon, adapting instantly to the hottest trends. We’re talking about Zara, celebrating 50 years of disrupting the fashion world!

How did a small operation, started in A Coruña, Spain, by an entrepreneurial couple, Amancio Ortega Gaona and his wife Rosalia, become a global powerhouse worth over $171 billion? What was the secret behind Zara’s "fast fashion" model, a system so agile it could take a design from sketch to store in a mere two weeks, while competitors were still planning months ahead?

Join us as we explore the revolutionary pillars of Zara's success: from their pioneering vertical integration and rapid design turnover to their incredibly efficient distribution and unique "scarcity" strategy that keeps you coming back for more.

But it's not all glamorous runways and record sales. We'll also delve into the significant challenges Zara faces today – from intense competition with ultra-low-cost rivals like Shein and Temu, to the increasing backlash against fast fashion's environmental and social impact. Can Zara truly pivot towards sustainability while maintaining its core DNA of speed and volume?


You can find a transcript here


And click here for more stories, songs, and stimulaing innovation resources

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5 months ago
26 minutes 39 seconds

Managing innovation - creating value from ideas
Neuroplastic entrepreneurs!

Neuroplasticity, the brain's ability to rewire itself, is a powerful tool for entrepreneurs. This video explores how this capability allows individuals to reframe problems and envision new possibilities, drawing parallels between historical innovators and modern-day ventures. Learn about Malcolm Maclean's container shipping revolution and James Brindley's pioneering canal systems during the Industrial Revolution. Discover how the concept is applied today by companies like Gridless, which uses an innovative approach involving bitcoin mining to provide sustainable energy access in underserved regions of Africa. Understand the challenges they faced and the systems thinking required to turn vision into reality. This podcast highlights the importance of adaptability, problem-solving, and long-term vision in driving significant change.


You can find a transcript here

And check out my website for more innovation resources:

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5 months ago
24 minutes 45 seconds

Managing innovation - creating value from ideas
Audacious bubbles - the secret ingredient in innovation success

A classic story of entrepreneurial grit, a passion for something and the willingness to persevere when things don’t go quite according to plan. Central to it all was a remarkable woman – Barbe-Nicole Ponsardin. Born in 1777 she went hard against the grain of what women were expected to do, creating and championing what became one of the most famous champagne houses in the world. 'Veuve Cliquot' - a legacy built on innovation.

You can find a transcript here

And more like this here


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6 months ago
20 minutes 28 seconds

Managing innovation - creating value from ideas
Working backwards to move forward – a surprising recipe for innovation success

This episode explores PR/FAQ in a fascinating interview withMarcelo Calbucci, an experienced entrepreneur who has extensive hands-on experience of using the 'Press release/FAQ' framework.  Developed over a decade ago and widely used within Amazon this simple approach forces anyone with a change proposal to make their ideas come alive through the medium of a simple story.  

He’s now a self-proclaimed evangelist for the method and the author of a new book which explains the considerable power behind this deceptively simple approach.

You can find a transcript here

 

And check out my website here for many other innovationresources

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7 months ago
21 minutes 23 seconds

Managing innovation - creating value from ideas
The data alchemists - how an entrepreneurial couple helped start a retail revolution

The story of dunnhumby, a small entreprenurial business which changed the face of retailing by bringing the concept of consumer data science into the mainstream with the launch of the Tesco Clubcard.


You can find a transcript here


and more resources like this at my website here

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8 months ago
21 minutes 1 second

Managing innovation - creating value from ideas
Paralysed by possibilities? How to get to grips with AI

We grow through what we know. Put simply that’s at the heart of the innovation equation. Innovation is creating value from ideas, a journey which starts with an input of knowledge

But when it comes to using external knowledge to help us grow we run into some challenges - as this podcast explores. We need 'absorptive capacity'.

You can find a transcript here

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9 months ago
19 minutes 30 seconds

Managing innovation - creating value from ideas
Inspiration for innovation

Fifty years ago and Keith Jarrett created a legendary performance which was captured on record and became the best selling solo piano album of all time. That experience offers some powerful and inspiring lessons for today's innovation managers, as this podcast highlights.

You can find a transcript and more resources at my website here


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9 months ago
15 minutes 58 seconds

Managing innovation - creating value from ideas
Beating the bougainvillea blues

Managing innovation isn’t a matter of abstract systems or process flow charts; it's much closer to the challenge of planting and tending an orchard. A rich harvest of innovation fruit comes from strong branches on trees which have matured thanks to careful cultivation. Maintaining what's already established and allowing for new shoots, sprouting in new directions, opening up more possibilities for future growth.  

This doesn't happen by accident. We need to think about 'innovation horticulture' - how best to manage the orchard. This podcast explores that idea. 

Check out my website here for more stories, cases, tool, even some innovation songs!

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10 months ago
16 minutes 6 seconds

Managing innovation - creating value from ideas
Dear Santa...

It’s the time of year when letters are getting hastily scribbled and sent to the old gentleman in Lapland expressing preferences for possible presents. This is a sample from a somewhat frustrated but ever hopeful innovation manager….


You can find the lyrics and a rich assortment of other innovation resources - songs, cases, videos, podcasts, tools, etc. - at my website here

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10 months ago
3 minutes 38 seconds

Managing innovation - creating value from ideas
AI through the rear-view mirror

What we can learn from the past to help navigate the AI storm

This podcast looks back at the experience of earlier technological revolutions to find some clues about how we might deal with this one


You can find a transcript of this podcast here


And check out my website here for more blogs, interviews, cases, videos and many other innovation-linked resources. There's even some innovation songs!

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11 months ago
21 minutes 21 seconds

Managing innovation - creating value from ideas
Flying the flag for innovation

How having an innovation management standard can help — and why it might get in the way


(you can find a transcript for this podcast at the 'Managing innovation' website, together with many other useful resources - please check it out)



A standard is an old word for a flag. Back in the days of sailing ships you could see a forest of them fluttering at the stern of ships of all shapes and sizes, proudly declaring their allegiance to a particular country. And right now in the innovation world we’ve got a similar display of ‘ships’ — organizations of various shapes and sizes all flying the new ISO 56000 flag — the Innovation Management Standard.


This podcast explores the ISO standard and looks at what it means for innovation management practitioners

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11 months ago
20 minutes 35 seconds

Managing innovation - creating value from ideas
Bridging different worlds - unlocking the power of recombinant innovation

You can find a transcript together with many other innovation-related resources at my website here



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1 year ago
13 minutes 41 seconds

Managing innovation - creating value from ideas
Continuing continuous improvement


⁠You can find a transcript together with many other innovation-related resources at my website here⁠

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1 year ago
20 minutes 46 seconds

Managing innovation - creating value from ideas
Irresponsible innovation anyone?

Why innovation isn't always a good thing - and what we can do to manage that.

You can find a transcript, together with many other resources - video, audio, cases, tools, activities, etc - to help explore innovation management at my website here.


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1 year ago
21 minutes 6 seconds

Managing innovation - creating value from ideas
Hitching a ride to higher productivity

You can find a transcript, together with many other resources - video, audio, cases, tools, activities, etc - to help explore innovation management at ⁠my website here.⁠


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1 year ago
26 minutes 2 seconds

Managing innovation - creating value from ideas

Innovation doesn't just happen. It's not like the cartoons - a lightbulb flashes on above someone's head and that's it. No - it's a journey and we need to understand how best to prepare for that journey, whatever kind of value we are trying to create. This podcast is about some useful lessons we might take on board to help develop our capabilities.For more, see my website:https://johnbessant.org