The Innovation Factory Soheil Abbasi

In this episode, we're talking about innovation courage and the leaders who were brave enough to take risks and try something new. From the pioneers who disrupted their industries to the courageous individuals who let go of their past successes to make way for future growth, we'll explore what it takes to innovate and succeed in today's rapidly changing business landscape. Tune in now to learn more!

In this special “Nowruz” episode of the Innovation Factory podcast, I share my years of experience in the field to early stage startups especially in startup acceleration to help you get the most out of a startup accelerator. Don't miss out on this insider knowledge! You can reach me here: https://www.linkedin.com/in/sohailabbasi

Hey there and welcome back to our podcast! Today, we're going to talk about a topic that many entrepreneurs and startup founders struggle with: titles. Specifically, why calling yourself the CEO of your startup might not be the best idea!

Today, we're going to explore the fascinating world of product-market fit and how it relates to the concept of natural selection.

We'll dive into how the market acts as a kind of natural selector, weeding out the weaker products and allowing only the best to survive and thrive. It's a topic that's both fascinating and essential for anyone interested in innovation.

So, sit back and relax, because we're about to get deep into the philosophical and practical implications of how markets create successful products.

Let's connect on LinkedIn: https://www.linkedin.com/in/sohailabbasi

Companies that want to succeed in today's fast-paced business world must be prepared to invest in innovation continuously. This investment requires patience, perseverance, and resources, but it can result in a sustainable competitive advantage. One very important question is when a company should invest in innovation? at what stage? In this episode I answer this question using the S-curve innovation lifecycle and go through several failure and success stories of investing in innovation at different stages and time.

Back in the 1950s, instant mixing technologies had reached new heights, and dry food mixes were filling store shelves. Cake mixes were seen as a great product to target busy homemakers, and food production companies rushed to make huge amounts of cake mixes with a vast variety of tastes and textures. 

However, despite big TV ads and commercials, the sales of instant cake powders weren't as good as expected. So there was no choice but to  come up with the best possible solution. As a result, a group of psychologists were asked to help.

In this episode of Innovation Factory podcast, We will explore the details of this story  and find out what happened next. So stay tuned!

Let's connect on LinedIn: https://www.linkedin.com/in/sohailabbasi/