This week on "What is Innovation?" we are joined by author Peter Compo as we explore the concept of innovation as an amplification of ideas not yet conceived. He highlights music as a context for innovation and underscores the importance of discipline and consistency in achieving innovation goals. Listen, like and subscribe on your favorite platform today!
More about our guest:
Peter Compo is the author of “The Emergent Approach to Strategy: Adaptive Design & Execution.” Unlike many strategy authors from universities and consulting firms, Compo’s professional experience was spent working in the “corporate trenches” at E. I. DuPont. Hired as a research scientist, he held leadership positions in product management, marketing, supply chain, business management, and integrated business planning. He left DuPont after 25 years to work full-time on developing the Emergent Approach.
Dr. Compo hails from a multi-generational family of musicians. However, he went on to earn a Ph.D. in chemical engineering from the City University of New York before joining DuPont. His mission is to create a new level of clarity on strategy theory and practice to enable organizations in any domain to innovate and achieve their aspirations.
Know more about him here:
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Episode Guide:
00:39 - What is Innovation?
4:00 - Evolution is Innovation
4:54 - Process to Innovation vs innovation process
6:25 - Innovation direction in biology
8:00 - Exploiting an Innovation Opportunity
10:41 - Innovation, Evolution, and Business inspirations
13:18 - Innovation and risk management in organizations
16:58 - Practical Questions in Innovation
19:38 - Answering the 5-10 year plan questions
21:17 - Innovation, music, creativity, and cliches
24:39 - Innovation, Jazz, and Discipline
28:28 - South Americas' Mercado Libre
34:02 - Consistency and alignment in group goals
36:11 - Advice to Innovators
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