Anthony Onesto argues that hackathons alone don't drive innovation in large companies. Real innovation requires threading it through hiring, job descriptions, and learning at scale, not treating it as a one-off event.
Hey everyone, it's Anthony Honesto and this is my daily burst of knowledge for today. Tuesday, January 31st. January went quick. Today I'm talking about innovation, particularly in larger companies. And I'm part of a group called exo, which was based or formulated through the book Exponential Organizations by Salim Ishmael. And what they did is they looked at innovation, why these startup companies like Uber and Airbnb were able to exponentially grow and why it's difficult for larger organizations to really drive these innovations and why do they get disrupted, you know, when you think about Kodak. So my suggestion today is take a look at the book. It's really interesting. It talks about all these different things that you have to think about, whether it's algorithms or dashboards or having an mtp, which is massive transformable purpose. But thinking about innovation within large companies, yeah, it has to be something that's threaded through the organization. Not everyone in your organization is going to be innovative, but you can teach them to think, think that way, right? So it's not just, you know, a lot of times when we would talk to clients, you know, innovation was perceived to be a hackathon. It's not a hackathon, it's not a one off event. Hackathons could be a component of an innovation strategy. But really thinking about it as early on as the job descriptions and hiring that you do in your organization, all the way through, through learning processes, are you delivering innovation, learning into the organization, are you delivering it at scale or is it just for a certain set of employees, which I think is a good pilot, but you eventually want this thinking across the organization. So that's my daily burst of knowledge for today. Think of innovation not as an event or a hackathon, but something that's absolutely threaded through every aspect, every piece of DNA within your organization. Thanks. That's my daily burst. See you tomorrow.
