Reprinted from TrustedPeer
Meet the Expert
COO, Final Surge LLC
- COO and a Founding Partner for Final Surge LLC developers of the FinalSurge.com coaching and training platform and apps that empower some of the world's best coaches and athletes to reach fitness and performance excellence like never before.
- CEO and Founder of Best Thinking, Inc., independent digital publishing. Mashable.com rated it as one of the top five best websites for publishers.
- COO and GM for practice management at the LexisNexis Group of Reed Elsevier, one of the world’s largest online publishers of scientific, medical, legal and business journals and websites.
- CEO and Founder of Time Matters Software, one of the most widely used information and document management systems in the U.S. legal market.
- 20-plus years in virtually every leadership position in high-tech innovation from startups to global companies, including building and successfully exiting his own startup, nurturing startups in his accelerator, venture investing, and driving strategy and numerous acquisitions for a major innovation initiative at a large global company.
- Testified before Congress on alternative energy, participated in White House meetings with the VP on economic development, and quoted in the Wall Street Journal on Internet taxation.
Session Packages from $400
Your Expert Package Includes:
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- Pre-Call Discovery Process
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Commercializing Innovation to Drive Growth
COO, Final Surge LLC
Risks & Opportunities
RisksWhen innovation projects fail to create double-digit growth it can create a lack of vibrancy that can affect the ability of a company to attract financing and talent. But the greatest risk is that the loss of vibrancy may actually decay into an actual decline in the company. This can take the shape of a decline in the company's ability to innovate because failure creates fear to attempt innovation. It also can harm the growth ability of the company to an extent that the company is worse off than if no innovation had been attempted in the first place.
OpportunitiesNaturally, a well-executed innovation strategy creates opportunities for company growth – in this case, a return to double-digit growth for mid-cap companies. Such growth can create a form of organizational momentum that brings such opportunities as:
- Improvements to recruiting and retention because people are happy to work at the company and proud of their accomplishments.
- Improving the company's ability to undertake more innovation projects and acquisitions.
- Boosting the company's core operations by adopting improved processes from an acquired company or through an innovation project's impact on company platforms or processes.
Commercializing Innovation to Drive Growth: Risks & Opportunities