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How Corporates can use the Lean Startup and Business Model Canvas

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The Lean Startup is a hot topic for organizations right now, so we asked a practitioner - Justin Souter, of Souter Consulting - to help readers get a handle on the elements of the Lean Startup framework, and provide some lessons from the field. The post is in four sections: 1. Where to begin with Startups and Corporate innovators. 2. How to make effective decisions while 'in flight'. 3. Framework

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Coping with Digital Transformation: Adopting a Rapid Innovation Process

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As we start to close out our 2016 year, apart from the rush to finish certain tasks off, it is a time of reflection and some forward thinking to welcome in the New Year. From my standpoint I am simply amazed at how the world seems to be spinning faster and faster. I am convinced my working days are shorter or the clock is moving faster. Something always gets in the way, something has to give.

The Power of User-Led Innovations

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Babies are wonderful, a constant source of fascination as you share their discovery of a rich new world and see things afresh through their wide bright eyes. But they also have side effects, some of which can bring you back to earth with a bump! Dealing with nappy changing is a good example – a chore for most of us, but for a few people also an unlikely source of inspiration for innovation.

Why mapping the customer journey is the top driver for digital transformation

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Organizations are struggling to understand the behaviours of the ‘connected’ customer. Partly it seems executives don’t engage with their brand or business in the way that their customers do. This failure to optimize and innovate might be holding your business back. Customer Insights Customer Journey Mapping

Three Keys to Accelerating Innovation through Connecting and Collaborating Outside your Organization

Speaker: Gordon Vala-Webb, Author, Speaker and Consultant, Building Smarter Organizations

From his upcoming book, Building Smarter Organizations, Gordon will do a deep dive into connecting and collaborating with those outside your organization to accelerate innovation. Gordon will provide practical strategies to connecting and working with the "nearside" of suppliers, partners and alumni in order to accelerate innovation.

How to Get Started Innovating on Customer Experience

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In recent years, customer experience has emerged as a major differentiator for large companies. In a McKinsey survey of senior executives, 90 percent of respondents confirmed that customer experience is one of the CEO’s top three priorities. So how to start working and innovating on customer experience? There are so many articles, methods, strategies etc. Customer Insights Customer Journey Mappin

Creating the Physical Space for Innovation

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Building spaces for innovation is a hot topic these days. Whether you call them innovation hubs, maker-spaces, fab-labs, accelerators or hotspots you can hardly turn a street corner or a magazine page before you bump into another example. The names may vary but the underlying idea is the same – a place where people can meet to get inspired and supported by each other, to articulate and co-create.

The Single Most Important KPI for Building Innovation Muscle

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The best literature on innovation all points to the same thing: innovation is highly uncertain, and therefore the best approach is to experiment and prototype, iterating until you find the right product/market fit, and conduct this iteration with the diligence of the scientific method. Let’s look at why it’s so important, and what a KPI might look like. Innovation Programs

John Bessant on Why Innovation is About Connections

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John Bessant is Professor of Innovation and Entrepreneurship at Exeter University. Back in May 2015 he gave a talk at our Innovation Forum in Bonn (he’s coming back again in April 2016). One of the interesting ideas he talked about was spaghetti innovation, and the need to weave more connections in and out of your innovation network. Here’s a breakdown of John’s idea. Innovation Strategy

Building A Collaborative Innovation Playbook

Speaker: Greg Satell, Innovation Advisor, Speaker and Author

For his upcoming book, Greg Satell has researched how people and organizations successfully innovate. We are excited to have Greg join us for a session that will draw upon these insights and provide a playbook for how to define the right innovation strategies for your organization to overcome the specific challenges that your organization faces and dramatically improve your innovation effectiveness.

Insights from the Gartner CIO Survey

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Gartner’s annual survey of CIOs reaches out to 2,944 individuals from across 84 countries. It’s a useful barometer for the state of digital transformation, and technology support for innovation. CIOs have increasingly found themselves at the intersection between supporting the technology needs of the legacy business, and pushing change to transform the business going forward. Research

The critical aspects for an innovation vision

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When we consider developing an innovation vision it's easy to get bogged down in details as we craft and then re-craft this to reflect our realities. Most of our discussions are internally related. We can miss some different and crucial components in building the vision, which reflects on many of the intangibles surrounding any view. Innovation Strategy

The 10 Methods of The Lean Startup

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“Startup success can be engineered by following the right process, which means it can be learned, which means it can be taught.”. The Lean Startup was published in 2011, yet its impact has been enormous. Companies are still getting to grips with the ideas set out in the book, most of which were not new in the first place. Frameworks

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Building a compelling business case for an integrated innovation framework

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All too often strategy is not influencing the behaviours and outcomes around innovation, it is simply allowing them to be left to chance. Innovation is being ‘pushed down’ the organization for others to interpret and offer their answers. Frameworks

Valuing an integrated framework- introducing the Executive Innovation Work Mat

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Innovation stands in service to strategic goals such as growing market share, differentiation and disrupting adjacent markets, serving the consistent changing and demanding customer needs by spotting these and then exploiting them rapidly and effectively. Creating clear goals and linking/aligning innovation to those more agile strategies is a vital role for CEO’s and senior executives. Frameworks

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A Strategic Approach to Open Innovation

Speaker: Jeffrey Phillips, Senior Consultant, OVO Innovation

This action-packed session will examine the critical questions you should ask as you establish an open innovation framework: which technologies or ideas? Which partners and how many? Which methods? By taking a strategic approach to open innovation, you’ll find the right ideas or partners more effectively, and you’ll accelerate new products to market more quickly.

The integrated innovation framework

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We cannot get away from the reality that in most of our organizations we have a disconnect going on around innovation. Research shows a lack of engagement in non-managers, claiming that 7 out of 10 of employees are not understanding how they can make a worthwhile contribution. The cynicism around innovation has turned it into nothing more than a buzzword for many. Innovation Strategy Frameworks

Balancing Exploitation & Exploration for Changing Performance

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“Being ambidextrous” in organisations is the ability to successfully combine the exploiting of all the investments that have been made to date, to constantly build on these achievements by exploring new areas and opportunities. This calls for dual thinking and organisational design to optimise the two orientations. Innovation Strategy

Looking Back, Moving Forward in Your Innovation Understanding

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As we come closer to the year-end it's good to look back, make some dedicated time to take ‘stock’, in this case, on innovation’s progress. We decided to help you. In 2015 we have seen a significant surge in innovation reports, many of these coming from large consulting firms or innovation publishers. Research The Innovation Manager

The 5 Skills of The Innovator

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Are innovator’s born differently? Do they have a special something which eludes the rest of us? Or, can innovative traits be studied, understood, and learned? In a study of 72 ‘known innovators’, and 310 executives, it transpired that the innovators consistently demonstrated 5 key skills more than the regular executives. Surprisingly, four of the skills are physical ones, and only one is cognitive.

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Six Keys to Making Collaborative Innovation Successful – Webinar and Book

Speaker: Soren Kaplan, Founder of InnovationPoint

We are excited to launch the Collaborative Innovation Webinar Series with Dr. Soren Kaplan. His just released book, "The Invisible Advantage," provides actionable insights into how any organization can create a culture of innovation, an environment that promotes freethinking, an entrepreneurial spirit, and sustainable value creation at all levels and across all functions. By registering for the webinar, you will get a free excerpt from his book.

Applying the Four Lenses of Innovation

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Rowan Gibson wrote a book called “ The Four Lenses of Innovation: A power tool for creating thinking ” that came out earlier this year. This is a book well worth obtaining and working through. Well, it provides an understanding to the thinking patterns that lead innovators to their big ideas. Research Innovation Processes

Knowledge as a social process

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Walker’s Wagon Wheel tavern in the 1970s has a particularly important place in innovation history. Its name provides a great description of its role – like spokes on a wheel people and ideas converged on its centre and on a Friday night the air was full of conversation. Ideas flew around the place, colliding and often crashing in flames on the floor. Silicon Valley as it was to become.

Effective Co-Creation - A Guide to Open Innovation Programs

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Open Innovation is a challenging task for any company. Yet it yields great opportunities, and in this new world of digital transformation and rapid change in traditional markets, it's an approach CINOs have to consider. But how do you get started, and what do you have to consider to make it a sustainable part of your transformation strategy? Innovation Programs

The 3 Types of Promoters Needed to Support Your Innovation Process

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There is a lot of talk nowadays about closing the so-called innovation “gap” or the difference between what leaders say they want in terms of a new product, service, process, or business model innovation and what their organizations actually deliver. Some studies , for example, talk about the absence of a well-articulated innovation strategy or the failure to understand the external environment.

The Leadership of Open Innovation

Speaker: Paul Sloane, Director, Destination Innovation

Paul Sloane is a well-known author and speaker on open innovation. In this session, Paul will take us through examples of successful open innovation programs to explore the breadth of what open innovation can be for organizations and the value it can bring. This is a session you don’t want to miss.

Innovating Where the Business Cares: Developing Areas of Strategic Innovation

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Almost every innovation manager can recount stories of great ideas, concepts and products that people love and yet they’re never implemented. The business case stacks up and is technically feasible, but finding sponsorship and a budget seems to be impossible. As innovators, we’re often subject to ongoing commercial restrictions. Innovation Strategy

Three lessons from “Grit” to make you a better innovator

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Love it or hate it, innovation advice is everywhere. In places where you expect to find it – like Guy Gawasaki’s 5 innovation tips on American Expresses’ Open Forum. Or places you don’t – like a story about the most structurally innovative pile of dirty dishes by The Onion or a very innovative edition of the Cartoon Lounge and an Innovators Issue by the New Yorker. The Innovation Manager

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5 Actionable Tips that Will Enhance Your Innovation Strategy

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Even the most innovative companies sometimes hit snags. Maybe there just weren't enough good ideas coming down the pipeline. Perhaps a few really promising ideas failed to pan out, disappointing the team and stifling their creative juices. How can the innovation manager get things back on track and keep forging ahead with innovation initiatives when things get rough? Innovation Strategy

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The Five Pillars of Trust for Innovation Programs

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We all know that innovation management is hard work. Yet somehow, for some innovation professionals the challenge is harder than for others. Innovation managers are often the “lone wolf” in their company, especially when they are just getting started. Whether systematic online innovation management didn’t happen at all before or whether the last program just failed, it can be a serious challenge to convince management and fellow employees that there is actually business value in what you do. Best Practice Innovation Education Jobs to be Done Innovation Strategy

Models, Strategies and Tactics for Accelerating Innovation through Collaboration Outside the Organization

Speaker: Paul Campbell, VP of Innovation, Schneider Electric

We are excited to have Paul Campbell, an expert in corporate entrepreneurship, covering some of the strategies and tactics he has repeatedly used to transform corporate innovation programs. In this session, Paul will share his experience innovating in new and adjacent markets through a deft deployment of open innovation, business accelerators, venturing, M&A, R&D, business development and strategy team leadership.

Exploring the Intrapreneurial Way in Large Organizations

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Are we seeing a change in mentality within large organizations towards encouraging individuals to ‘break out and become more intrapreneurial within their part of the business?'. Is this tapping into the increasing desire to be part of creating something new, to grab back the engagement needed, that sense of identity and a growing sense of ownership? Intrapreneurship

Collaboration overload: when the outcome of your innovation effort is less than the sum of its parts

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Here is an outlandish but probably familiar thought: We employ too many mechanisms to move ideas forward and far too few to grow promising ones “back”. The root cause of this imbalance is leaders’ intolerance to risk accessorised with a “practical” collaboration protocol inside the company or, more recently, tailor-made software to do the housekeeping. Research Collaboration

Ernst & Young On Measuring Open Innovation

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Consider for a moment the following three statements: Innovation results from lucky accidents; The more open the innovation process, the less disciplined; Innovation can’t be measured. What do they have in common? But luckily, that’s not the case. With you, dear reader, I don’t have to allude to anything. So in today’s post I’ve compiled some insights to take your existing wisdom further.

Bridging different worlds – the power of recombinant innovation

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Wandering round Chicago in 1912 William Klann was a man on a mission. He was part of a team set up to explore ways in which they could reduce the costs of manufacturing a car to fulfil Henry Ford’s vision of ‘a motor car for the great multitude’. Open Innovation

What your definition of innovation says about your company [INFOGRAPHIC]

Why You Shouldn't Call It Innovation

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In 1860 Swiss historian Jakob Burckhardt released his book The Civilization of the Renaissance in Italy. Up until that point the term ‘Renaissance’ was not widely used as the label for what we now think of as the period approximately between 1480 and 1520, where cultural, artistic and scientific creativity flourished. Innovation Strategy

8 Principles of The Innovator’s Solution

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The Innovator’s Dilemma gets more of the headlines, but the follow-up book by Clayton Christensen, The Innovator’s Solution , is a far more useful piece of work. The Innovator’s Solution starts out by describing the ‘dilemma’, and in one chapter removes the need to even read the original work. It then proceeds to offer an array of approaches to handling disruptive innovation in large organizations.

4 leadership paradoxes and how to embrace them

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“A leader takes people where they want to go. great leader takes people where they don't necessarily want to go, but ought to be” – Rosalynn Carter. Incremental or radical? Structured or unstructured? People or processes ? If there is one thing innovation management theory is never in short supply of, it’s dilemmas like these. Leadership

Sorting Through the Management Tools and Trends

Hype

We all are caught up in handling and understanding different management tools. The numbers are accelerating, and if anything it's adding more confusion to the pile we already have. So let’s see if we can help here, step back a little from your favourite tool and look at this just a little more deeply. How do we pick through all the tools, let alone keep up with all the new ones emerging?

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5 Common Innovation Roadblocks - And How to Get Around Them [INFOGRAPHIC]