Ep. 769: Jeff Dyer Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6 • 730 Ratings

🗓️ 7 June 2019

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

My guest today is Jeff Dyer (Ph.D UCLA), the Horace Beesley professor of strategy at Brigham Young University as well as professor of strategy at the Wharton School, University of Pennsylvania. Before becoming a professor he spent five years as a consultant and manager at Bain & Company, a top management consultancy. His book “The Innovator’s DNA: Mastering the Five Skills of Disruptive Innovators”, with Harvard professor Clayton Christensen and MIT professor Hal Gregersen, identifies the behaviors of the world’s best innovators to demonstrate how individuals can enhance their own innovator DNA and increase the innovation capabilities of their organizations.

The topic is his book Innovation Capital: How to Compete--and Win--Like the World’s Most Innovative Leaders.

In this episode of Trend Following Radio we discuss:

How can you build a personal reputation for innovation?
What techniques can you use to amplify your innovation capital?
How can you garner attention for your ideas and projects and persuade audiences to support them?
What does it mean to provide visionary leadership and how you can achieve it?

Jump in!

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I’m MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I’m proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.

To start? I’d like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/

You can watch a free video here: https://www.trendfollowing.com/video/

Can’t get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast

My social media platforms:
Twitter: @covel
Facebook: @trendfollowing
LinkedIn: @covel
Instagram: @mikecovel

Hope you enjoy my never-ending podcast conversation!

Transcript

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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.
0:33.2	A simple opening question.
0:35.8	How do leaders convert their creative idea into a transformative reality?
0:44.4	Successful leaders excel at winning resources and support for their ideas.
0:49.6	My guest today, Jeff Dyer, a professor at Wharton and Brigham Young, says this quality is so valuable
0:56.5	and measurably more important for innovation than just being creative. And the name for it,
1:03.9	innovation capital. Because what Jeff has put together is that effective leaders of innovation,
1:10.3	those names we all know, Thomas Edison, Steve Jobs,
1:13.2	Jeff Bezos, Elon Musk are successful not only because of the quality of their ideas,
1:20.0	but because they have the reputation and networks to successfully commercialize their creative
1:27.0	concepts.
1:28.4	So is any entrepreneur out there listening right now not interested?
1:33.2	You've got the great idea, or at least you think you do.
1:36.7	But now what?
1:39.1	Because those guys with the great ideas, those ladies with the great ideas, they've got something extra.
1:46.6	They've got the capital.
1:48.5	And I don't just mean money alone.
1:51.0	It's that reputational capital as well to make their big picture happen.
1:56.8	Today, my guest, Jeff Dyer and I, we discuss his newest book, Innovation Capital, How to
	...

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