In a nutshell, or in a 48 minute presentation, this is what innovation is about. It starts with...innovating a new way to work together. Paraphrasing this speaker, innovation is not about using a text message to say the same thing we've said for decades in emails, over the phone, by fax, by telex, by letters, in person...that result in doing the same thing in the same way for 300+ years.
Here's a 48-minute presentation by Ricardo Semler, CEO of SEMCO, SA, in 2005 at MIT. It's titled Leading by Omission.
Towards the end he shares that his company gave him a party and a plaque honoring him for the last 10 years where he'd made no decisions.
Given the results of SEMCO, that's proved to be a great decision.
Would your company grow faster if you made fewer decisions?
Would it grow fastest if you made no decisions?
Would it grow as fast as SEMCO? Growing from $30 million in annual revenues to $200+ million in annual revenues...in 6 years.
Be sure to visit this post at 37Signals blog. They've shared some very good notes from this same presentation.
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