Innovation 360 Group

JUNE 25, 2020

Assume that you have a number of projects that you want to execute, and you have a number of resources that can be used to execute them (resources such as innovation managers, or programmers). If the resources can be organized so all projects can be optimally executed without any interdependencies (i.e., Interdependency.

Project 52

Project Resources Radical Innovation Innovation 52

Innovation 360 Group

MAY 21, 2020

This could for instance be future competitors or collaborators and the force could be competition from new entrants. Operational Strategic Initiatives (those initiatives that need to be executed now) are prioritized by using Impact-Feasibility mapping, making sure to optimize resource usage. This is what we call incremental innovation.

Radical Innovation 69

Radical Innovation Artificial Inteligence Data Analysis 69

Paul Hobcraft

OCTOBER 1, 2018

Much of the innovation discovery journey is a disappointing one. Resources constantly “churn” and get depleted, waiting for others to be brought up to speed. Those not involved directly within the innovation project constantly remain skeptical or require more proof. A hunch or insight becomes a dead end. Will something change?

Report 212

Report Innovation Survey Disruption 212

Jeffrey Phillips

SEPTEMBER 11, 2017

Even if we can speed up innovation activities (we've run innovation programs from problem definition to fully developed prototypes in under a week) you've still got to go through the product development and launch cycle. Another approach is to use innovation to ferret out efficiency gaps.

Creativity 161

Creativity Innovation Disruption Product Development 161

Paul Hobcraft

OCTOBER 3, 2016

To work through these we are all being asked to transform but there has to be a clear end, a return for all this energy and resources it requires, that we are being asked to spend? How and where does innovation fit will clearly depend on this transforming effect. We are facing tough challenges within the business world.

Collaboration 273

Collaboration Technical Review Disruption Innovation 273

Innovation 360 Group

JUNE 9, 2020

Those that follow this model often collaborate with FinTechs and start-ups through various means: innovation fairs, competitions, and small seed investments, to identify prospects. Evidence points to two areas in particular – capabilities surrounding radical innovation and the breadth of innovation culture.

Industry 40

Industry Radical Innovation Underperforming Technical Team Technical Review 40

Paul Hobcraft

MAY 17, 2016

You Need an Innovation Strategy for it to really be seen as a critical resource of an organization. Gary Pisano had an excellent article “ You Need an Innovation Strategy” on HBR. “The first is to answer the question “How are we expecting innovation to create value for customers and for our company?”

Strategy 124

Strategy Strategy Innovation Resources 124

Paul Hobcraft

OCTOBER 3, 2016

To work through these we are all being asked to transform but there has to be a clear end, a return for all this energy and resources it requires, that we are being asked to spend? How and where does innovation fit will clearly depend on this transforming effect. We are facing tough challenges within the business world.

Collaboration 273

Collaboration Disruption Innovation Technical Review 273

Innovation 360 Group

MAY 21, 2020

This could for instance be future competitors or collaborators and the force could be competition from new entrants. The Operational Strategic Initiatives are prioritized by using Impact-Fesabilty mapping, making sure to optimize resource usage. This is what we call incremental innovation.

Radical Innovation 52

Radical Innovation Artificial Inteligence Data Industry 52

Qmarkets

OCTOBER 21, 2021

However, there are also several implicit practices that your company may have in place that are showing employees that innovative ideas are not valued. These are not as easy to see from the surface so it may be wise to involve your Human Resources department to truly dissect the root of these implications.

Strategy 98

Strategy Strategy Idea Generation Comparison 98

Qmarkets

OCTOBER 21, 2021

However, there are also several implicit practices that your company may have in place that are showing employees that innovative ideas are not valued. These are not as easy to see from the surface so it may be wise to involve your Human Resources department to truly dissect the root of these implications.

Strategy 98

Strategy Strategy Idea Generation Comparison 98

Tim Kastelle

MARCH 7, 2016

This requires companies to proactively or reactively innovate their business models in order to remain competitive. Recent research has confirmed successfully disrupting as well as outperforming companies to be significantly more engaged in business model innovation. Cases in point: Lego and Burberry.

Innovation Management 100

Innovation Management Management LEAN Technical Review 100

Paul Hobcraft

AUGUST 11, 2015

There is a very strong case we need to rethink the whole management of our innovation activity, as innovation is failing to deliver on its potential promise in the current ways we are attempting to undertake it, highly constrained and under-resourced. I would suggest on the very way we manage innovation.

Innovation 100

Innovation Competition Disruption Collaboration 100

Innovation 360 Group

JUNE 17, 2019

There are four flashing warning lights that indicate faster, more flexible competitors are about to reshape the competitive landscape: 1. When you are operating in highly regulated markets, like the taxi industry, hotels, or healthcare. 2. A few key players have consolidated all the power.

Resources 40

Resources Radical Innovation Software Industry 40

Innovation 360 Group

FEBRUARY 20, 2020

Below are three key actions most organizations can take right away to improve their innovation ROI. Openness is where market innovation truly takes place. Successful organizations use external resources in an open co-creation process to achieve a larger accessible market through building value nets and growing the total market.

Innovation 52

Innovation Roadmap Marketing Competition 52

hackerearth

MARCH 28, 2018

Innovation is the key to gaining and sustaining competitive advantage, especially in today’s fast-paced, tech-fueled business ecosystem. Traditionally, many organizations used their own knowledge monopoly to innovate and deliver dominant technologies and products to the market. You can get more meaningful insights.

Open Innovation 68

Open Innovation Survey Collaboration Innovation 68

Gregg Fraley

AUGUST 1, 2018

The MoshPit system seeks to find combinations of concepts that lead to innovation. Digital technology holds promise to improve, or radically innovate, many areas of an organizational value chain. To discover radically new applications for digital tech what’s needed is taking a comprehensive look across all operations.

Technology 50

Technology Internet of things Ideation Artificial Inteligence 50

Integrative Innovation

JUNE 15, 2017

Lippitz the term is defined as the process by which teams within an established company conceive, foster, launch and manage a new business that is distinct from the parent company but leverages the parent’s assets, market position, capabilities or other resources.

Entrepreneurship 92

Entrepreneurship Innovation Culture Disruption 92

Paul Hobcraft

MAY 18, 2016

Interestingly, the pace of innovation stands among the top three risks in 2015 and tops along with regulatory risk, the list foreseen in 2018. With technology disruption, business model disruption and growing competition, social and customer engagement challenges the ability to manage innovation is growing as a concern and in risk management.

Underperforming Technical Team 124

Underperforming Technical Team Innovation Strategy Strategy 124

Paul Hobcraft

MAY 18, 2016

Interestingly, the pace of innovation stands among the top three risks in 2015 and tops along with regulatory risk, the list foreseen in 2018. With technology disruption, business model disruption and growing competition, social and customer engagement challenges the ability to manage innovation is growing as a concern and in risk management.

Underperforming Technical Team 124

Underperforming Technical Team Innovation Strategy Strategy 124

Paul Hobcraft

SEPTEMBER 27, 2017

They are not yet at the point of being digitally effective to turn what they have into real competitive advantage as they lack the capabilities in big data analysis and those algorithms that reveal ground-breaking innovations, Are they hanging on in the belief they will become digitally transformed eventually or just deluding themselves?

Collaboration 138

Collaboration Artificial Inteligence Technical Review Industry 138

Innovation 360 Group

OCTOBER 10, 2019

End conclusion: innovation labs can be extremely useful as. Resource providers for intrapreneurs, i.e they know how and where to get resources. Becoming seeds for innovation across the company when the organization interacts with the lab and intrapreneurs. Can’t have all old guard employees. Finally: the people.

Innovation 40

Innovation Innovation Processes Examples Strategy 40

Innovation 360 Group

OCTOBER 29, 2017

The uber-quoted and widely disseminated statement by Peter Drucker that “Culture eats strategy for breakfast,” which, by the way, was never said by Drucker , clearly shows how a culture of opportunism and common wisdom create simplified truth hindering the success of innovation management.

Culture 63

Culture Strategy Strategy Underperforming Technical Team 63

Integrative Innovation

MAY 3, 2014

Competitive advantage comes from innovative ways of creating, capturing, and delivering value. Cross-disciplinarity and resource diversity. The innovation process aims at matching problems/needs and solutions. Think beyond the product to the full offering and business model. Act on the learning.

LEAN 96

LEAN Design Thinking Innovation Design 96

Wazoku

NOVEMBER 21, 2017

It’s perhaps safe to say, therefore, that they’ve mastered the art of innovating to derive a competitive advantage. If you can embody the spirit of innovation in one man, it’s perhaps that of Thomas Edison. That’s where differentiated innovation comes into its own.

Culture of Innovation 40

Culture of Innovation Competition Culture Radical Innovation 40

Innovation 360

OCTOBER 29, 2017

The uber-quoted and widely disseminated statement by Peter Drucker that “Culture eats strategy for breakfast,” which, by the way, was never said by Drucker , clearly shows how a culture of opportunism and common wisdom create simplified truth hindering the success of innovation management.

Innovation 40

Innovation Underperforming Technical Team Culture Leadership 40

Integrative Innovation

OCTOBER 23, 2014

This requires an ability to continually evolve the competitive edge or advantage of the business to drive growth. This approach requires an understanding of the company’s competitive advantage and placing careful bets on novel applications of that advantage in order to succeed in new markets.

Innovation 78

Innovation Disruption Marketing Project 78

Integrative Innovation

JANUARY 27, 2016

This requires companies to proactively or reactively innovate their business models in order to remain competitive. Recent research has confirmed successfully disrupting as well as outperforming companies to be significantly more engaged in business model innovation. Cases in point: Lego and Burberry.

Underperforming Technical Team 40

Underperforming Technical Team Big Data Innovation Technical Review 40

Innovation 360 Group

NOVEMBER 16, 2019

Unlike chess, in a real battle you have no idea what capabilities the enemy has until you do a great deal of competitive intelligence. That might sound like common sense, yet countless businesses enter the competitive arena every year without even trying to inventory their own capabilities let alone what they are up against.

Radical Innovation 40

Radical Innovation Competition Course Agile 40

Qmarkets

APRIL 14, 2022

Regardless of size or scale though, many businesses struggle to decide whether they should invest their resources in innovation or improvement. Innovation can happen quickly, (known as radical innovation), or it can take place over time, (incremental innovation). Product Innovation. The Five Whys.

Underperforming Technical Team 52

Underperforming Technical Team LEAN Technical Review Innovation 52

Idea to Value

JULY 21, 2017

Even if they have agreed on the importance of innovation and have set up teams or departments to develop new value-adding, innovative products and services, these products may end up never being launched because nobody in the existing business units will take responsibility and take the risk of launching them.

Company 248

Company Underperforming Technical Team Brainstorming Design Thinking 248

Innovation 360 Group

JUNE 19, 2018

Every one of us has full access to an infinitely varied and vastly underused resource: Innovation. That is not only possible but inevitable, as Rosling proved, as long as we maintain our current pace of innovation. The problem is in assigning an intelligent priority to proposed innovations in a world of limited resources.

Underperforming Technical Team 40

Underperforming Technical Team Radical Innovation Technical Review Software Review 40

Innovation 360

JUNE 20, 2018

Every one of us has full access to an infinitely varied and vastly underused resource: Innovation. That is not only possible but inevitable, as Rosling proved, as long as we maintain our current pace of innovation. The problem is in assigning an intelligent priority to proposed innovations in a world of limited resources.

Underperforming Technical Team 40

Underperforming Technical Team Radical Innovation Technical Review Software Review 40

Innovation 360 Group

NOVEMBER 4, 2018

New technologies can be deployed with a swipe of a finger, appearing across billions of devices all over the world, changing market dynamics in a heartbeat, while competition from emerging markets isn’t just producing cheaper goods and copycat products, but radically redefining the terms of production and distribution.

Culture 83

Culture Management Project Leadership 83

Innovation 360 Group

AUGUST 25, 2019

And yet, when it comes to innovation, SMEs often do not have the resources and tools to manage a process that consistently delivers results. They need a common framework and language to describe and quantify innovation efforts, and to collaborate internally and externally.

Case Study 51

Case Study Underperforming Technical Team Project Study 51

Paul Hobcraft

JULY 18, 2016

The optimism, staying ready to adapt, be flexible but also the underlying ‘steel’ to be assertive, creative and determined to push something through, to overcome the many barriers and resistance that comes with exploring more radical innovation. These attributes need nurturing and supporting and this is where a clear sponsor comes in.

Agile 100

Agile Disruption Culture Change 100

Paul Hobcraft

JULY 18, 2016

The optimism, staying ready to adapt, be flexible but also the underlying ‘steel’ to be assertive, creative and determined to push something through, to overcome the many barriers and resistance that comes with exploring more radical innovation. These attributes need nurturing and supporting and this is where a clear sponsor comes in.

Agile 100

Agile Disruption Culture Change 100