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Balancing your innovation portfolio: Does the 70-20-10 rule still apply?

Idea to Value

One of the best ways to assess what proportions your company should allocate to different types of innovation projects is by looking at your current and desired innovation portfolio. But what does a well-balanced innovation portfolio look like? The 70-20-10 ratio was always an average though.

Project 284
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Qmarkets’ Named as G-Cloud 12 Supplier on UK Government SaaS Marketplace

Qmarkets

The UK Government G-Cloud framework was established in 2012 to encourage the use of, and trust, in Cloud-based suppliers. The framework includes a comprehensive selection of SaaS offerings, including customer relationship management, project collaboration tools, and idea management platforms.

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Qmarkets’ Named as G-Cloud 12 Supplier on UK Government SaaS Marketplace

Qmarkets

The UK Government G-Cloud framework was established in 2012 to encourage the use of, and trust, in Cloud-based suppliers. The framework includes a comprehensive selection of SaaS offerings, including customer relationship management, project collaboration tools, and idea management platforms.

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Guresh Ahuja

Innovation 360 Group

My experience spans as a client-side program manager delivering capital infrastructure (EPCM), design management, business transformation, strategic procurement, construction management and IT system projects for health, sustainable utilities, smart cities, and NSW government. Stakeholder Management.

Agile 40
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There are Knowns and Unknowns in Innovation: Let’s Manage Them Differently

Paul Hobcraft

Paper presented at PMI® Global Congress 2012—North America, Vancouver, British Columbia, Canada. Newtown Square, PA: Project Management Institute. Converting something previously unthought of (those unknowns) gives the potential for far greater value. Characterizing unknown unknowns.

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Can creativity and innovation be managed?

hackerearth

The result of this journey has been that their Managed Innovation framework has been successful in generating 134,232 ideas from 55,383 empowered employees and implementing 19,172 innovations for over 400 clients. In 2012, their innovations generated a value of $548 million through savings. Why manage innovation?

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Five Product Innovations that Evolved Over Time

IdeaScale

However, these innovations aren’t that common. The most successful, innovative companies strike a balance between core, adjacent, and transformational initiatives. Some product innovations aren’t created by the company at all. Instead, the innovations are brought out by customers who discover a new way to use a product.