In spite of being the largest market for Legal services, the US is also considered one of the world’s largest underserved legal markets. It is estimated that 50% of the middle income households have at least one legal problem, with only 20% seeking legal assistance, and 26% doing nothing at all. The numbers for underserved small and midsize organizations are estimated to be similar. Underserved markets typically offer opportunities for disruptive innovation.
Does innovation happen like magic? No, innovation takes a lot of hard work. However, according to Stefan Thomke, professor at the Harvard Business School, innovation and magic have more in common than you think.
25% Of ideas your employees voice are never listen too. While on the contrary, you will likely be willing to listen to any expensive outside experts, who will kindly tell you what your employees already knew. By the way, the more you pay, the more likely you will listen. The Washington Blog post: “The troubling flaws in how we select experts”, gives interesting insights in why we don’t listen to our own people, but are willing to follow the advice of (less qualified) experts. Unfortunately, this article does not provide a solution to the problem. In this blog we explain where to start to address this issue.
Innovation requires leadership. What does it take to become a great leader? Will a 1-day workshops or corporate leadership training program do? Unlikely. Roselinde Torres, from the Boston Consulting Group, describes 25 years observing truly great leaders at work, and shares three simple but crucial questions innovators may like to ask themselves in order to thrive as leader