TEI 234: 3-ways to grow innovation capital for more product & career success

Global Product Management Talk is pleased to bring you the next episode of...

The Everyday Innovator with host Chad McAllister, PhD.

The podcast is all about helping people involved in innovation and managing products become more successful, grow their careers, and STANDOUT from their peers.

About the Episode:

When I started this podcast I created the Product Mastery Roadmap that describes the path from product manager to product master. I’ve used it as a guide to the topics we explore here. Recently I updated it to better reflect the journey I have seen many of you and your colleagues taking towards mastery, focusing more narrowly on what is most important so you can progress more quickly.

A pivotal element of this journey is the influence you have in your organization — influence to get others to support your ideas. Recently a fellow listener expressed this well when I asked him about how this podcast has helped him. He told me that “I have helped create a monster” because he now gets everything he asks his company for — that he has virtually zero barriers and almost no questions asked. That is influence.

My guest has a different term for it, which he calls Innovation Capital. It is a concept he deeply explores in the book he co-authored by the same title. Innovation Capital is what you can build up over time that makes it easy for others to support you when you want to do something new. It consists of three components:

1. Who you are,
2. Who you know, and
3. What you’ve done.

In a sense, this is a personal brand building and is seen in the best innovators in all size organizations.

For Everyday Innovators on the path to being a product master, this is one of the most important discussions you need to hear. I hope you enjoy it.