Who’s afraid of the new?
An invention, combined with successful business management, allows something new – like a creation or discovery – to evolve into a market success. Only then would I speak of innovations. Since companies are competing in markets, well-managed companies are constantly striving for innovations because, if they successfully do so, these innovations create special opportunities for profit. And this brings us to one of the most important reasons why successful companies are reinventing themselves almost constantly: competition forces them to do so. They have to be innovative, or they’ll lose touch with the marketplace.
My coaching sessions have clearly benefited from my many years of experience as a university lecturer and my countless focused dialogue processes with students who, at a fairly advanced level, were completing MBA programmes alongside their work. Almost without exception, my aim has been to improve operational scenarios, create more opportunities for the people concerned, and to increase impact or reduce sources of inefficiency in companies. My first coachees were my former Master’s students.