4.6 • 730 Ratings
🗓️ 20 September 2021
⏱️ 53 minutes
🧾️ Download transcript
My guest today is David Schonthal, a Clinical Professor of Innovation & Entrepreneurship at Northwestern University’s Kellogg School of Management, where he teaches courses in new venture creation, design thinking, business acquisition, healthcare entrepreneurship, corporate innovation and creativity. He is also a Senior Director of Business Design at IDEO.
The topic is his book The Human Element: Overcoming the Resistance That Awaits New Ideas 1st Edition.
In this episode of Trend Following Radio we discuss:
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| 0:00.0 | This is trend following radio where great thinking comes alive. |
| 0:10.9 | Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings. |
| 0:21.2 | I am your host, Michael Covel, not filtered, raw, honest. |
| 0:27.4 | That's my passion. |
| 0:33.4 | I'm a sucker for the new idea. |
| 0:36.1 | I'm a sucker for the new entrepreneurial idea. I've tried a lot of things in my lifetime. Some things have been great successes. Some things not. Some things just okay. I have not given it, though, the, let's say, scientific method approach. |
| 0:56.8 | Often a lot of my approach has been a good idea, perhaps from a lot of experience, |
| 1:03.5 | a good idea launched, and if there's some acceptance, I run with it. |
| 1:08.6 | But that's not necessarily the best way to approach it. |
| 1:12.8 | My guest today talks about a good way to approach this very issue. |
| 1:19.3 | His book, The Human Element, Overcoming the Resistance that Awaits New Ideas. |
| 1:26.0 | My guest today is David Shonthal. David makes the case, |
| 1:30.9 | and I agree, that we all too much instinctively believe that if we add enough value, |
| 1:37.1 | people will eventually say yes, but it's the psychological frictions. We don't think about that enough. |
| 1:45.5 | And frictions create that drag on innovation. |
| 1:49.6 | And if you can't get around the human element, forget it. |
| 1:54.8 | Whatever new thing that you're launching, whatever new idea that you've got, |
| 1:59.3 | it's not going to happen. |
| 2:02.8 | I hope you enjoy this conversation with David Shonthal as we get into the human element. I might sound basic to people, but I think for a guy like you, and I can appreciate it from afar, the word idea, wow, this is a really interesting word. |
| 2:30.1 | I mean, most people probably really don't sit down and think about the word idea a lot or perhaps ever, or they might use it describing something. |
| 2:39.2 | But they really don't get down to the essence as to how interesting this word has been in the last, let's say, since the dot-com bubble ripped off in 1995. |
| 2:49.0 | Ideas have just fast and furious changed the face of civilization and perhaps |
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