Engines of Growth: What Is a Retention Rate?

By Tristan Kromer Paid, retention, viral. Those are the three “engines of growth” suggested by Eric Ries in The Startup Way. Companies can pick one of the three to be great at, but they generally can’t manage more than that. Why? How do these engines work with your innovation strategy? How do they differ [...]


What Is Innovation Accounting?

By Tristan Kromer Innovation Accounting sounds like one of those semi-humorous oxymorons like “accurate rumors,” “the rules of anarchy,” or “airline schedules.” Innovation sounds exciting! It’s about ideas and novelty. Things we’ve never seen before. It’s ambiguous and full of uncertainty. It’s mysterious and seems utterly unquantifiable. Accounting is the thing you dread doing at [...]


Why Are You Starting Your Innovation Program from Scratch?

By Tristan Kromer More and more companies are jumping on the innovation bandwagon and starting their own innovation program. It could be in the form of an accelerator, an innovation outpost in Silicon Valley, or a full, lean digital transformation of the company’s core processes. But too many are falling into bad practices right [...]


Innovation Ecosystem Design Using Liebig’s Law of the Minimum

By Elijah Eilert and Tristan Kromer Liebig’s Barrel When governments, corporations, and entrepreneurs start building innovation ecosystems, there’s a flurry of predictable activity.  Create meetups!  Start angel investor groups!  Make sure we have social media accounts tweeting about entrepreneurship! But all this effort doesn’t necessarily lead to progress. The goal is to increase the [...]

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