Innovation poses two problems for most leaders, given the way they are trained to think. First, its value diminishes over time; it goes sour, like milk. This year’s “must-have” gadget will end up in a landfill next Christmas or at least be overwritten by version 2.0.
Second, innovation only pays off in a future for which you presently have no data. As Kierkegaard put it “Life can only be understood backwards; but it must be lived forwards.” (more…)