innovation

How to Innovate in Regulated Industries – Steve Faktor on The Innovation Leader Podcast

On the Innovation Leader podcast, hear my experiences and tips for overcoming obstacles innovating in regulated industries, like financial services and healthcare.  Episode 5: Innovators vs. the Rulebook. Who Wins? While innovation can be difficult at any company, highly regulated industries with a thick rule book — both internally and … How to Innovate in …

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What if EVERYTHING is selfish?

Another controversial thought: EVERYTHING is selfish, even when it helps.

People who pursue material wealth or power do so to validate their identity, effort, or status. We’ve all agreed this looks (& is) selfish.

But we rarely question why givers give. They’re also being selfish. Whether they donate at church, help in a disaster, or tweet about social programs, they’re feeding a need – to help, to be righteous, to appear righteous. That $1 for the beggar on the subway, pair of Toms shoes, or retweet might not help the problem, but offers a quick surge of validation. Like a Hermes, helping is an identity, the basis of one’s inner self. That is SELFish, even when others benefit.

Sometimes, both impulses live inside the same person. Others, like Bill Gates, transition from one identity to the other.

And despite the endless battles between the selfish & (seemingly) selfless, both desperately need each other. Without the drive of the former to create or finance innovation, the latter would have little to redistribute – or enjoy.

The sooner we realize that love thyself and love thy neighbor are forever intertwined, the sooner we can go back to doing both.

Prescription: Apprenticeship & Vocational Training Return

Status: Occurring Prescription: Bring back apprenticeships & vocational training there are modern versions of apprenticeship that can help businesses fill sales, medical, and skilled jobs with qualified candidates without a degree. Extend Vocational Options Experts argue (that’s what experts do) that undergrad business degrees are no more than expensive vocational … Prescription: Apprenticeship & Vocational …

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