Innovation is creative or synthetic imagination that enhances value :: Galen Bingham

What is Innovation?

Galen Bingham is the founder of Kiln Global Coaching & Consulting. Known as the leadership strategist, he is a leadership trainer, retreat facilitator and certified executive coach with 30 years of experience working with Fortune 500 companies.

More about our guest:

Galen Bingham is the founder of Kiln Global Coaching & Consulting. Known as the leadership strategist, he is a leadership trainer, retreat facilitator and certified executive coach with 30 years of experience working with Fortune 500 companies. He is consistently sought out to advise or serve on premiere non-profit boards where, Galen provides oversight in governance, board development, CEO selection and organizational leadership. He has coached or consulted with over 875 senior executives, CEOs and non-profit leaders across 7 countries. He is a best selling author of IMPACT: A Leadership Fable: Your Power To Make A Lasting Difference. Galen also hosts the Whiskey, Jazz and Leadership podcast.

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Episode Guide:

2:22 - What Is Innovation

2:45 - Creative Imagination: 2 Types

4:17 - Risk Reward: creative vs synthetic imagination

5:25 - Pressures of Wall Street

5:39 - West vs East: Running a business

6:27 - What drives the difference between the West and East in long-term planning

7:33 - Catalogue of Life and scenario catalogs

9:11 - Developed Courage

10:57 - Cultivating 'freedom' at work and managing implications of 'the fall'

14:01 - Unlocking the drive of confidence with decades of experiences

15:19 - Old paradigm lost: collecting lessons from life

17:45 - Ubiquitous world: impact to wonder and innovation

18:39 - Data, Information, Knowledge, and Henry Ford

21:19 - What isn't Innovation?

22:18 - Implications of value in innovation; is 'interesting' innovation?

24:32 - Focus: the 'Now' vs the future

25:57 - Value in having an objective point of view

26:45 - Coaching: helping navigate what you already know and how

27:48 - Finding the 'language'

29:59 - Defining value

32:30 - Advice for innovators

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Resources Mentioned:

Books:

• IMPACT: A Leadership Fable: Your Power To Make A Lasting Difference

Galen's podcast:

• Whiskey, Jazz and Leadership

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OUTLAST Consulting offers professional development and strategic advisory services in the areas of innovation and diversity management.