<p>Please see detailed show notes at the end.<strong> </strong></p>
<p><strong>Summary</strong></p>
<p>In this episode, Joselle and Shujaat discuss the criticality of innovation amidst economic volatility, and how to lead it during such uncertain times. They explore three key strategies for leaders: </p>
<ol>
<li>dreaming big while starting small, </li>
<li>thinking like a scientist through experimentation, </li>
<li>and crowdsourcing innovation from within the organization. </li>
</ol>
<p>The conversation emphasizes the importance of leadership in fostering a culture of innovation and the need to challenge common myths about leadership and decision-making. Through practical examples and insights, they provide actionable advice for leaders looking to drive meaningful change in their organizations.</p>
<p><br /></p>
<p><strong>Key Takeaways</strong></p>
<ul>
<li><p>Innovation is crucial for business survival in volatile times.</p>
</li>
<li><p>Leaders must foster a culture of experimentation.</p>
</li>
<li><p>Dreaming big while starting small allows for manageable progress.</p>
</li>
<li><p>Thinking like a scientist helps in validating ideas through testing.</p>
</li>
<li><p>Crowdsourcing innovation leverages internal talent and collaboration.</p>
</li>
<li><p>Leaders should be the last to speak in meetings to encourage input.</p>
</li>
<li><p>Assuming leaders have all the answers is a common myth.</p>
</li>
<li><p>Cultural change is essential for sustainable innovation.</p>
</li>
<li><p>Data-driven decision-making should not become decision-driven data making.</p>
</li>
<li><p>Building diverse networks enhances innovation and career growth.</p>
</li>
</ul>
<p><strong>Chapters</strong></p>
<p>00:00 Introduction</p>
<p>01:56 Topic: Innovation Amid Economic Volatility</p>
<p>08:25 Chapter 1: Dream Big, Start Small</p>
<p>16:23 Chapter 2: Think Like a Scientist</p>
<p>28:55 Chapter 3: Crowdsourcing Innovation</p>
<p>38:22 Chapter 4: Creating a Culture of Innovation</p>
<p>44:37 Chapter 5: Practical Application in Team Meetings</p>
<p><br /></p>
<p><strong>References Discussed</strong></p>
<ul>
<li>Ex Google Leader: Shujaat was referencing Sukhinder Singh Cassidy who gave a brilliant talk on taking risks, experimenting, and how your behavior as leaders drives the right culture for that in your team. Her publicly available talk can be found here <a href="https://www.youtube.com/watch?v=N4-7UZZ8M1Q" target="_blank" rel="ugc noopener noreferrer">https://www.youtube.com/watch?v=N4-7UZZ8M1Q</a></li>
<li>Correction: Blockbuster operated 9,094 stores at its peak. </li>
</ul>
<p><strong>Keywords</strong></p>
<p>innovation, economic volatility, leadership strategies, crowdsourcing, experimentation, business transformation, digital transformation, purposeful leadership, career development, organizational culture</p>
