Disruptive Innovation - Luke Williams - The Entrepreneur Gene - Ep # 16

In this episode of The Entrepreneur Gene, Laurie Barkman welcomes Luke Williams, Founder/CEO of IdeaSkills and Clinical Associate Professor of Innovation and Design at NYU Stern School of Business. They discuss whether entrepreneurship can be taught and delve into the importance of fostering innovative mindsets within established companies. Luke shares insights from his book 'Disrupt' and discusses the balance between maintaining business continuity and introducing disruptive ideas. Luke also emphasizes the significance of learning over investment and provides advice for business owners struggling with innovation. The episode concludes with Luke's journey from Australia to becoming an educator and innovation expert in the U.S., and his passion for creating more competent innovators through his company, IdeaSkills.

Takeaways:

• Continuously work on developing the capabilities needed to be competitive in the future alongside keeping the existing business running. This is crucial for maintaining a balance between today’s needs and future opportunities.
• Create diverse teams to ensure a wide range of perspectives and ideas. This diversity can foster innovative thinking and help develop balanced solutions that might not emerge from a homogenous group.
• Encourage the influx of fresh, disruptive thinking and assess the value of ideas based on how much they help the organization learn and adapt.
• Develop a “test and learn” budget to experiment with new ideas without the pressure of immediate returns. Allow small-scale testing of innovative ideas to see what works and can then be scaled up.

Quote of the Show:

• “It is in everyone and it just gets expressed in different ways.”

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Connect with Laurie Barkman:

LinkedIn: https://www.linkedin.com/in/lauriebarkman/ 

Website: https://thebusinesstransitionsherpa.com/ 

Book: https://btsherpa.com/book 

Course: https://freedom-finder.thebusinesstransitionsherpa.com/freedom-finder-course 

Connect with Luke Williams:

LinkedIn: https://www.linkedin.com/in/lukegwilliams/ 

Website: https://www.youtube.com/@IdeaSkills 

Book Link: https://www.amazon.com/Disrupt-Think-Unthinkable-Transformation-Business/dp/0137025149 

For all episodes visit:

https://www.entrepreneurgene.live/