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Building a lasting innovation capability

Jeffrey Phillips

Note that what my clients are asking for is to create an innovation capacity that outlasts a product need, or market gap, or executive team member. After all, most (probably 90%) of all innovation projects undertaken in large corporations are reactive projects trying to respond to a market threat or competitive move.

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The Roles of Risk and Luck in Innovation

Idea to Value

On the other hand, if you don’t take risk and innovate, the competition will always eventually surpass you, which means that without investing in innovation, you have a 100% probability of going out of business. Usually the real question is about how to take smart, educated risks in a given situation.

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Accelerate Innovation — With Experiential Learning

Gregg Fraley

Using experiential learning tools like drawing isn’t really new in innovation process. Sunni Brown , Dave Gray , Dan Roam, and yours truly all use experiential learning tools in innovation projects. Scaffolding is a well researched educational psychology concept. Why Innovation Sessions Have a Bad Reputation.

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How to Succeed at Opportunity Discovery

Moves the Needle

What is the product’s competitive advantage or differentiation and why is it important to the customer? Competitive advantage might be product quality (durability) or green technology. It’s therefore important to monitor the big wide world for trends like these: Demographics: How are macro changes in age, income, education, etc.

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15 most important Innovation Theories your company should be using

Idea to Value

Additionally, software systems like this do not replace people in the innovation process and cannot automate its management. This is what I have been working for years to develop and share, and was one of the major sets of highlights in the recent Innovation and Creativity Summit.

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Frequently Asked Questions about Design Thinking

InnovationTraining.org

What is the difference between design thinking and Lean UX? Increasing innovation: Design thinking promotes creativity and out-of-the-box thinking, which can help teams to come up with innovative solutions to challenges. This can drive competitive advantage and improve the organization’s performance.

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4 Ways to Amplify Digital Innovation in 2018

Gregg Fraley

Don’t be held back by a restrictive innovation process model; be flexible on new ways to innovate. Once alignment is in place, broaden the innovation team to include more people from across the organization. If you don’t your competition will. Have a cross-domain, diverse team.