Researchers at the U.S. Department of Energy’s Berkeley Lab created the first all-liquid lab-on-a-chip using 3D printing. Able to serve several different purposes, this recently developed 3D-printed all-liquid device is the first of its kind. It can be programmed to work as an artificial circulatory system, separating molecules flowing through the channel and automatically removing unwanted byproducts. This new technology is being made available for licensing and collaboration.
Our View: The multi-national consumer goods giant Proctor & Gamble shared on its Connect + Develop homepage that half of its new product initiatives involve “significant collaboration with those outside our walls,” including partnerships with “small companies… and individual inventors.” Licensing ideas creates win-win opportunities for leaders on both sides of the agreement. Protect your ideas prior to pitching them to companies by filing a provisional patent application. Further Reading >
Related AchieveForum content: The Alliance itself, with its unlocked and editable content, as well as the forum to connect with other companies, creates win-win opportunities for leaders to share ideas.
The San Francisco-based neighborhood social network Nextdoor raised $123 million in fresh funding to accelerate its growth. Nextdoor is currently used in the United States, the United Kingdom, Germany, France, the Netherlands, Italy, Spain, and Australia, and it plans to enter the markets in Sweden and Denmark next.
Our View: Growth and expansion in new geographical markets should begin with evaluating your current financial and operational readiness. Then next steps are selecting and analyzing the new market. Finally, prepare an entry strategy and an exit strategy. Though it may seem counterintuitive, preparing an exit strategy prior to entry serves as excellent risk mitigation. It helps you and your team brainstorm reasons the expansion may not succeed and plan and adjust accordingly. Further Reading >
Related AchieveForum content: Accelerate Strategic Initiatives, Bridging Strategy to Outcome, Leading for Resilience
Meijer Inc. is opening three 155,000-square-foot supercenters in an effort to thrive in its increasingly competitive environment. With these new retail locations, the American supercenter chain store will enter the northeast Ohio market for the first time.
Our View: E-commerce and brick-and-mortar retail are stronger together. Technology-enhanced in-store experiences benefit businesses and consumers, and the most successful hybrid models keep the best aspects of both worlds (physical and digital). In strategy sessions avoid “either-or thinking,” find ways to work in parallel and seek optimal combinations. Further Reading >
Related AchieveForum content: Accelerate Strategic Initiatives, Bridging Strategy to Outcome, Leading in the Digital Matrix
The smart tech and biopesticide industries are leveraging “Blue Ocean” innovation opportunities and building a unique strategic profile. (“Blue Oceans” are unexplored new market areas.) The biopesticide industry unlocks new demand and creates a “Blue Ocean” of uncontested crop protection market space. The smart tech industry builds on the biopesticide industry’s value proposition to create another new “Blue Ocean” in crop protection.
Our View: Companies like Amazon, Uber, Netflix, and Airbnb also headed for the “Blue Ocean.” To use this strategy at your company ask questions like, “What factors should be raised well above our industry’s standard?” and “What factors were a result of competing against other industries and can be reduced?” and “Which factors should be created that our industry has never offered?” Further Reading >
Related AchieveForum content: Accelerate Strategic Initiatives, Bridging Strategy to Outcome
In response to privacy and civil liberties advocates, San Francisco voted to ban the use of facial recognition software by police and other city departments. The ban does not affect personal or business use of the technology or the use of it by the federal government at airports and ports. Although San Francisco is the first U.S. city to outlaw facial recognition technology, several other local governments require departments to disclose and seek approval for surveillance technology.
Our View: Great leaders know how to spur action and motivate people, and they also know when to say no. Part of being a great leader involves curating your time to maximize your productivity. Knowing when to say no not only protects your organization from flaws in new technology, it is also a great time management technique that can help you and your team prioritize what really matters. Further Reading >
Related AchieveForum content: Managing Your Priorities, First-Line Essentials