Innovation Swiss Style: The Untold Story Behind Switzerland's Success with James Breiding

0
60

Get mp3, summary, and quotes from this episode:
iTunes FREE podcast:
Join the
​Innovation Ecosystem
email list:
Get the Innovation Ecosystem ebook:
Twitter:
Instagram:
LinkedIn:
——————–
SUMMARY:
——————–
James Breiding is the author of Swiss Made, a book on why Switzerland – a tiny country with few natural advantages – has become so successful in the world of banking, pharmaceuticals, machinery, and more. James discusses innovation in Switzerland and makes the point that when an entrepreneur comes up with a new and innovative method or product, there will be resistance from those who have accepted the status quo. Entrepreneurs as well as intrapreneurs need to have thick skin if they wish to disrupt the market.
——————–
TAKEAWAYS:
——————–
03:55 – Why did James write the book, Swiss Made?
05:30 – This book is now used by Swiss diplomats, although it was not originally intended to be that way.
07:20 – What are some of the factors that have contributed to Switzerland’s economic strength?
09:55 – Switzerland and other small countries tend to be more modest. James explains further.
11:25 – The average age of an S&P 500 company is 15 years.
14:10 – As James investigated further into the longevity of Swiss companies, was there a particular story that surprised him?
15:10 – About 11% of Swiss citizens live overseas.
19:30 – James discusses Swatch’s story.
20:40 – Nobody has been able to replicate the Swatch.
24:40 – Apple isn’t the only company who was able to create absolute raving fans over their products.
24:55 – Nestle’s senior management was completely against the idea of Espresso.
26:35 – People underestimate how costly innovation is. You need to have a high tolerance for failure.
27:05 – We see the successes, but we very rarely see the failed attempts that don’t make the history books.
29:15 – Successful founders like Steve Jobs tend not to be people you want to have a beer with.
29:45 – Innovators will get resistance from people who are used to doing things the tried and true way.
31:10 – Why do multinationals love Switzerland?
34:50 – Is there a connection between the success of small companies being located in countries with conscription?
38:05 – How does James think about innovation and does he adapt his investment approach when dealing with an innovative company?
42:50 – What are James’s morning rituals?
44:00 – What has James changed his mind about recently?
45:30 – What advice does James have for his 25-year-old self?
50:55 – Look out for James’s new book, Too Small to Fail, set to be released in 2017.
——————–
ABOUT MARK
——————–
Mark Bidwell is the co-founder and host of Innovation Ecosystem. He has spent much of his 20+ year career seeking out people and resources to help him innovate and grow businesses. From BP (NYSE:BP), The Hay Group (part of Korn Ferry NYSE:KFY), to most recently Syngenta (NYSE:SYT), where he led the creation and development of a $2bn Specialty Crops business unit. Wherever possible, he tries to learn from other people’s experience, especially if they bring a fresh perspective to a situation.
——————–
ABOUT INNOVATION ECOSYSTEM
——————–
Through the Innovation Ecosystem show, Mark will bring you key insights, fresh perspectives, and proven tools you can use straight away to make you more successful professionally and personally. Subscribe to hear the remarkable and thought-provoking conversations about innovation, leadership and change in the world of business! [

Publication link