The relationship between football players and the tax authorities is a hot topic in Spain. A number of players have been singled out as defrauding the revenue services, one of the most recent being the Real Madrid star Cristiano Ronaldo. In his case, the numbers appear to indicate he allegedly diverted €150 million to avoid […]
Looking Outside: How to Sense Opportunities in The Market
We’ve designed organizations that fail to respond to changes in the market. I tried to highlight this idea during my session in the TEDxIESEBarcelona – hosted at IESE campus and organized by the MBA Innovation Club. Opportunities and risks are born outside. Other organizations and people are taking action that changes the conditions of our own organizations. Yet, our organizations are designed to […]
How Do You Stimulate Creativity?
Innovation is about translating creativity into valuable opportunities (and then capturing the value). But is creativity something that can be generated or driven within companies? And if so, how? Innovating Without Creativity Let’s take an innovation process such as design thinking. Take a problem, gather data, brainstorm, prototype and you have the solution to your […]
A Mistake Engineers Make When They Innovate: The Prototype
Engineers tend to be entrepreneurial people
Bell Labs are back
For most of the 20th century the corporate lab dominated technological innovation. Then it lost its position to venture capital-funded startups. But now the idea of corporate labs being central to innovation is back. New technology giants such as Google and Facebook are creating new corporate labs, but this time the logic is different. In […]
Innovation: Converting Your Company in a Startup Corporation
Established players and startups seem to be two completely different worlds. This belief has led to the Innovation Paradox: The better you are at incremental innovation, the worst you become at generating breakthrough ideas. Yet companies must beat this paradox in order to survive. How? By becoming a Startup Corporation. It is possible. Google has […]
“La Liga” approves collective bargaining of media rights
Finally, “La Liga”, the top professional soccer league in Spain, joined the rest of leagues in Europe (and America) in selling media rights collectively rather than on a team-by-team basis. This approach has the advantage of creating a monopoly where any interested buyer only has to negotiate with one entity, as opposed to 20 different […]
The New EPL Media Deal: Challenges to European Soccer
As you know, the EPL (English Premier League) has sold its media rights for the next three years for £1 billion per year. For the sake of comparison, the current deal for the Spanish league is about €600 million (a bit less than half the EPL’s new deal); even if Spanish teams were finally to […]