The Illusion of Innovation with Elliott Parker

What if the innovation you believe in is just an illusion? Elliott Parker joins Kevin to discuss the reasons why companies often struggle with innovation, highlighting the "capitalist dilemma" where we prioritize short-term financial capital. Elliott compares modern corporations to wildfire management in the Western United States, to explain how optimizing for short-term efficiency can build up "innovation debt". He shares how to balance efficiency with the need for innovation, both in business and personal contexts. Listen For 00:08 Introduction and Episode Overview 02:33 Elliott Parker’s Journey and Background 05:55 Learning from Arthur Andersen’s Collapse 08:16 Gerald Shur and the Witness Protection Program 09:03 The Capitalist Dilemma: Optimizing for Short-term Metrics 11:08 The Importance of Resilience Over Efficiency 12:01 Story of Hafthor Bjornsson and Learning Through Stress 15:13 Practical Solutions for Balancing Efficiency and Innovation 18:56 The Importance of Contrarian Views in Business 19:12 Avoiding Extremes: Bleeding from the Eyeballs vs. Complete Chaos 22:08 Learning vs. Execution Problems in Organizations 24:06 Elliott Parker’s Optimism About the Future 26:13 Importance of Learning from Diverse Fields 28:08 Controlled Burns: Managing Innovation Debt 34:27 Closing Thoughts and Call to Action Meet Elliott Elliott's Story: Elliott Parker is the author of The Illusion of Innovation: Escape “Efficiency” and Unleash Radical Progress. He is the founder and CEO of High Alpha Innovation, a venture builder that partners with corporations, universities, and entrepreneurs to co-create startups that solve compelling problems. He built his career in strategy consulting at Innosight, the firm founded by Clayton Christensen, in corporate venturing, and as an entrepreneur bringing new ideas to market. To date, he has launched over 40 venture-backed startups. Originally from California, Elliott currently resides with his family in Indiana. He earned a B.S. in Finance from BYU and an M.B.A. from the UCLA Anderson School of Management. Book Recommendations The Illusion of Innovation: Escape "Efficiency" and Unleash Radical Progress by Elliott Parker  Napoleon's Maxims of War by Napoleon Bonaparte (Author), George Charles D'Aguilar (translator)  Competing in the Age of AI: Strategy and Leadership When Algorithms and Networks Run the World by Marco Iansiti (Author), Karim R. Lakhani  Like this? Innovation is Everybody's Business with Tamara Ghandour The Human Side of Innovation with Mauro Porcini Where Creativity Meets Innovation with Deepak Ohri Podcast Better! Sign up with Libsyn and get up to 2 months free! Use promo code: RLP   Leave a Review If you liked this conversation, we’d be thrilled if you’d let others know by leaving a review on Apple Podcasts. Here’s a quick guide for posting a review. Review on Apple: https://remarkablepodcast.com/itunes    Join Our Community If you want to view our live podcast episodes, hear about new releases, or chat with others who enjoy this podcast join one of our communities below. Join the Facebook Group Join the LinkedIn Group