Innovation is a process for doing new things—or old things better :: Nick Jain

What is Innovation?

Nick Jain, CEO of IdeaScale, joins Jared this week to discuss innovation as a process, including how to cultivate a dynamic culture that fosters continuous improvement and the development of new methodologies.

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Episode Guide:

0:00 - Intro

0:46 - What is Innovation?

1:34 - Generative AI and Large Language Models

3:55 - Breaking down 'Organic Process'

6:00 - Innovation of GPS

7:55 - Innovation, Risk Management and Incentives, and the Importance of Failure

9:27 - Framing Perspectives on Success

11:33 - Time horizons and processes

15:48 - IdeaScale

18:30 - What isn't Innovation?

23:16 - Luck vs Skill

25:15 - Advice for Innovators
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Nick Jain is the CEO of IdeaScale, the definitive innovation software company. IdeaScale helps major organizations such as Comcast & state/federal governments innovate faster and better. As a repeat CEO with a proven track record, Nick has also previously led companies in the trucking and men’s shoe spaces. Nick graduated at the top of his class from Harvard Business School and holds a theoretical mathematics and physics degree from Dartmouth. He grew up in a mix of Canada and India and currently lives in Philadelphia with his wife and two cats, Daisy and Dahlia. Nick enjoys running, rowing, and playing poker in his spare time.

More about our guest:

• Nick Jain
• Company: IdeaScale

OUTLAST Consulting offers professional development and strategic advisory services in the areas of innovation and diversity management