In today’s episode, my co-host, Aaron Eden, and I are really excited to have our guest, Kyle Nel. Kyle is the Executive Director of Lowe's Innovation Labs and has a very unique approach toward innovation which was fun to explore in this episode. They leverage a narrative-driven approach that uses story (and comics) as a strategic tool to map out the future for Lowe’s that they are working to bring to life. They then work backward to build that future, rapidly testing technology prototypes to solve everyday problems.
In the episode, we dive into how they’ve organized their innovation strategy into 4 operational buckets and how they not only identify new products but innovate on the core business.
We also talk about how they have done a fantastic job getting rid of the distance between the end customer and new product development teams amongst other things.
Millennials play a vital part in the workforce of today and tomorrow. Yet per HBR's article, "What Do Millennials Really Want at Work? The Same Things the Rest of Us Do, ‘it’s likely that companies pursuing millennial-specific employee engagement strategies are wasting time, focus, and money.'
This episode features a recording from a live webcast discussion between Aaron Eden and Marilyn Gorman!
Usually, we're focused on helping you create innovation from within, yet M&A’s play an integral role in a well-rounded innovation strategy.
In today’s podcast episode we’re excited to switch things up and focus on lessons learned during mergers & acquisitions.