In Innovation Poker, Are You "All In"?

Sunday, 23 November 2014 17:03
Blog author: 

Greetings!

I have a friend (and client) who uses a poker term to describe when he is convinced that a customer is fully committed to support the proposition we've presented to them. "He's all in", he will declare enthusiastically. It's a very powerful statement because it speaks volumes about how he views the person, the relationship and its potential. Can you accurately read the other players in Innovation Poker?

Curious to learn more? Read on, dear friends...

In Innovation Poker Are You "All In"?

The term "all in" is used in Texas Hold 'Em Poker to indicate that a player is betting all of his/her chips in support of their hand. It is a show of full commitment. In the Innovation game, all in means the same thing to one of my clients. It signifies that the party is prepared to do whatever it takes in terms of the resources they control in order to make the proposition at-hand successful. This signal helps my client prioritize customers and his own related resource allocation and investments.

"All In" can bring enormous clarity to business relationships. To extend the poker analogy, all too often in business exchanges players don't place meaningfully sized bets of the resources they control to support their hand. If their hand isn't very strong, it is sensible to be cautious. If their hand is a good one and they are still inactive, then they don't belong at the table.

My client typically brings substantial business propositions to the table. These represent a formidable ante. As a result, he has little patience for players who aren't prepared to invest or take risks with excellent cards on the table. After a few rounds to ascertain the player's intentions, if he feels the other player isn't demonstrably committed he will walk away from the game.

He takes a critical and clear-eyed view of the situation. Is the other player making meaningful investments to demonstrate support, or does he expect my client to invest unilaterally? Unless the other player shows that he is committed to a venture by allocating real resources within his span of control, such as actively promoting the initiative up and across organizational lines, introducing him to his supplier partners and the like, he isn't "all in". If he isn't all in, he represents a lower priority, at best.

Importantly, my client understands that large corporations have decision making processes that can restrict players' abilities to move with the type of speed he would ideally like. Still, the signals that they send and the commitments they make (or don't make) relative to the resources they control can be very revealing. My client doesn't want to be the only party extending himself. When that happens, the game isn't fair and he doesn't want to play. Would you want to?

Since 2005, BFS Innovations has helped its Fortune 500 clients with technology scouting, new business creation and development services. Contact Michael today at This email address is being protected from spambots. You need JavaScript enabled to view it. or at 614 937-2408 to discuss your company's needs.



































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