It's planning season. And around here, real planning begins by imagining what is possible rather than focusing on the incremental. Earning the leading market share in your category is possible; squeaking out a couple points of growth is incremental. But achieving what is possible often requires us to do things better, smarter and differently. In other words, it requires innovation.
I was thrilled when I recently met Stephen Shapiro, author of “Best Practices Are Stupid: 40 Ways to Out-Innovate the Competition.” What resonated with me was Steve's view that expertise is the enemy of creativity. The theory is simple: The more familiarity you have with a particular topic, the less likely you are to create a breakthrough in innovation because your brain is pre-programmed by your knowledge and experiences to find familiar solutions. If we ask the right questions, more often than not we'll find that smart companies in other disciplines have answered them. Some examples:
How can we create an insurance-shopping experience that people enjoy and tell their friends about? Instead of studying the direct writer with the latest online shopping gizmo, look at Trunk Club—a firm that targets a demographic that, typically, despises the traditional notion of shopping for clothing: men.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.