Commodore Innovation

R&D investment grew by nearly 12% in Q4 of 2020?

Commodore Innovation

Research and development expenditure grew dramatically in Q4 of 2020—by nearly 12% compared with Q3. However, just three sectors accounted for most of that growth: pharmaceuticals, biotechnology & medical research, and software & IT services.

After a strong Q3, where next for innovation investment?

Commodore Innovation

Innovation spending grew strongly in Q3. Investment in innovation by US-listed firms grew strongly in the third quarter of 2020—reflecting strong economic growth for the quarter 1. After falling about 2.9%

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Now is the worst time imaginable to reduce innovation budgets

Commodore Innovation

While the effects of COVID-19 vary dramatically by sector, many companies face significant pressure on their innovation budgets. If prior recessions are any guide , we might expect annual innovation spending to fall by 5-6%.

Will AI dramatically alter the economics of innovation?

Commodore Innovation

The hype surrounding artificial intelligence (AI) invites skepticism. But underlying the optimism (and fear) there’s a simple, but potentially important truth: AI, especially machine learning (deep learning in particular), could change the economics of innovation.

Is Your IoT Pilot in Danger?

Take our short quiz to determine if your IoT pilot is set up for success, or at risk of being delayed.

Budget cuts are here. Time to bolster the case for innovation.

Commodore Innovation

“What we are ultimately going to be able to accomplish is directly tied to the rest of the organization believing we’re important.” ” —senior director of innovation, aerospace industry.

COVID-19: Your innovation strategy’s been updated. Now what?

Commodore Innovation

Many organizations’ responses to the COVID-19 crisis have already switched from the tactical to the strategic. Your organization has likely updated its innovation strategy (or at least started to). That’s an essential first step.

How to improve measurement of innovation performance in your organization.

Commodore Innovation

Once you’ve decided you want to do something about how your organization measures innovation performance, knowing what to do next isn’t always obvious. We often have conversations with innovation leaders who get to this point and reach out to us … The post How to improve measurement of innovation performance in your organization. appeared first on Commodore Innovation. Latest Blog Posts

The Innovation Culture Balancing Act

Commodore Innovation

Everyone agrees that organizational culture is a key driver of (or hindrance to!) innovation performance. It’s obvious on its face, given that culture affects things like how well teams work together, how fast decisions are made, and how much risk … The post The Innovation Culture Balancing Act appeared first on Commodore Innovation. Latest Blog Posts

The Innovation Performance Measurement System Check-up

Commodore Innovation

Problem : Most firms neglect to evaluate the effectiveness of their innovation performance measurement systems. Action : Conduct a quick check-up by following the 3 steps below. High-performing companies know that using metrics effectively is critical to managing innovation. And … The post The Innovation Performance Measurement System Check-up appeared first on Commodore Innovation. Latest Blog Posts

Benchmark Innovation Performance

Commodore Innovation

How does your innovation performance compare to your competitors’? It’s just human nature to be curious about how your performance compares with that of your competitors. But when it comes to innovation performance, this instinctive desire for benchmarking is also … The post Benchmark Innovation Performance appeared first on Commodore Innovation. Latest Blog Posts

Rightpoint Launches Cadillac's Reimagined In-Vehicle Experience

Every company is either an experience company today or will need to reinvent themselves to become one. Learn how Cadillac is using research, experience design and organizational change to deliver a next-generation user experience.

Most Companies’ Innovation Performance is Declining. Is Yours?

Commodore Innovation

Research shows widespread, declining innovation performance. At first glance, the idea that companies are getting worse at innovation seems ridiculous—“innovations” are such a prevalent part of our daily lives. And we are fed a constant stream of information about the … The post Most Companies’ Innovation Performance is Declining. Is Yours? appeared first on Commodore Innovation. Latest Blog Posts

The Operational and Creative Mindsets in Innovation Portfolio Management

Commodore Innovation

Problem : Innovation leaders need to balance Operational and Creative mindsets, but it’s easy to overemphasize one. Action : Answer 10 questions to review and calibrate your practices and metrics. As an innovation leader, you have to enable creativity and … The post The Operational and Creative Mindsets in Innovation Portfolio Management appeared first on Commodore Innovation. Latest Blog Posts

The Classic Mismatch: Expectations for Innovation from Different Levels in the Organization

Commodore Innovation

Business leaders and consultants have been talking about the importance of working across functions to improve innovation performance, for decades. But lack of alignment across levels of the organization is just as problematic for innovation, if not more so. These … The post The Classic Mismatch: Expectations for Innovation from Different Levels in the Organization appeared first on Commodore Innovation. Latest Blog Posts

Measurement for breakthrough projects – Practitioner’s Dispatch Series

Commodore Innovation

It’s always helpful to hear from people who have struggled with and overcome a problem you’re facing. With this post, we’re excited to launch the Practitioner’s Dispatch, a new series featuring innovation practitioners’ battle-tested advice on common problems. First up … The post Measurement for breakthrough projects – Practitioner’s Dispatch Series appeared first on Commodore Innovation. Latest Blog Posts Practitioner's Dispatch Series

Communication is Job 1 of your innovation measurement system

Commodore Innovation

I heard an innovation leader at a Fortune 100 company remark recently, “There are lots of jobless innovation managers out there who will tell you—’if I knew then what I know now, I would have communicated better.’”. I hadn’t thought … The post Communication is Job 1 of your innovation measurement system appeared first on Commodore Innovation. Latest Blog Posts

How Micro-Innovations Can Drive Breakaway Results

How do micro-innovations affect businesses' way of thinking? Those small acts of 'everyday innovation' are the stuff of greatness. Download the eBook today to learn more about micro-innovations and how they have influenced some of the biggest companies to date.

Why Finland Has the Best Education System in the World

Idea Champions

The school I want to begin

Podcast S5E112: Simon Hill – What’s new at Wazoku

Idea to Value

In today’s episode of the Idea to Value podcast, we speak once again with Simon Hill. The last time we spoke with Simon , he was the CEO of Wazoku. Since then, he has also taken over the Open Innovation platform Innocentive.

How big is your reject pile?

Idea to Value

People are so obsessed with getting the “right” ideas. Instead, it is often much more effective to just have LOTS of ideas. This makes the likelihood that at least some of those ideas will be of high quality significantly more likely.

Podcast S5E111: David Robson – The Intelligence Trap

Idea to Value

Leading Advertising and Analytics Company Outperforms With a Graph Database

Xandr, a division of AT&T, has built an identity graph that connects information on people, households, and more. The company is using this graph to provide advertisers an ability to deliver commercials more successfully than ever before. Learn more.

How this 1976 French wine tasting disrupted an entire industry

Idea to Value

How sure are you that your products are better than the competition? How confident are you that your company will not be disrupted by a smaller competitor? This story shows how an entire industry was so convinced of their superiority that they weren’t even aware that they were being overtaken.

People never think of improving something by removing parts of it

Idea to Value

When looking to improve something, it seems like people always want to add more. At least, this is what an interesting new piece of research by Adams et al suggests, just published in the journal Nature.

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Why did Taylor Swift just re-record her chart-topping album?

Idea to Value

Taylor Swift is one of the world’s biggest music stars, having sold over 200 million records and receiving 11 Grammy awards. She is also respected for being a highly creative songwriter and performer.

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Stability

Idea to Value

What is more stable: A pure diamond or pure graphite? And what does this have to do with innovation?

Extending the Reach of HR: Supporting and Sourcing Remote Talent

Speaker: Karen Lim, Alliance Academy

The concept of Global HR is becoming more common as more companies become permanently remote. As companies expand their talent-bases beyond borders, HR reps will bear the responsibilities that come along with it. Adapting to different cultures, distances, and legal implications whilst preserving core company values is essential. Once you can do this, the world becomes your oyster. Join Karen Lim of Alliance Academy, and learn to thrive in a remote-first mindset.

Why physicists are excited about potentially being wrong

Idea to Value

Usually, people are terrified about being wrong. But based on a breakthrough announcement in particle physics, thousands of scientists are thrilled about the prospect of some of our most deeply held beliefs being proved wrong last week.

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The Critically Important Innovation Narrative

Paul Hobcraft

Whatever we do, we do far better when we become emotionally connected. Often understanding a good story builds this emotional connection or simply puts you off. Stories can inspire and spark even greater ideas.

Podcast S5E108: Dr Robert Alan Black – The history of creativity research

Idea to Value

In today’s episode of the Idea to Value Podcast, we speak with international creativity advocate Dr Robert Alan Black. We touch on his history working with the late, great Prof Paul E Torrance and speak about the history of creativity research.

The Double-Handed Approach to Innovation

Destination Innovation

Most new products and services are developments or combinations of existing offerings. But just adding features can lead to a product overloaded with ‘feature bloat’ Instead try giving with one hand and taking away with the other.

5 Reasons Leaders Invest in Language Training

Communication is the lifeforce of any company. Without it, productivity, employee happiness, and ultimately your business suffers. Investing in language learning better positions global business leaders to see gains in organizational effectiveness as a result.

Human-centred innovation in a digital world.

Paul Hobcraft

Today we are facing many current disruptions where we need to react fast and intelligently. There are many situations we are facing that are a race against time.

The Art of Decision-making as an Innovation Leader

Idea to Value

As we all know, innovating and creating something new is usually seen, for good reason, as an important, yet highly risky endeavor. As such, innovation leaders are constantly under a lot of pressure from many different directions.

Generative Design: A new form of computer creativity

Idea to Value

Up until recently, most of the things we bought were designed by humans. Cars, computers, cans, chairs and cathedrals. Everything could be traced back to an individual or team who set out to design products with the ideal the combination of form and function.

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Write Your Future News Report

Destination Innovation

Image by Neven Divkovic from Pixabay. If you are planning a major change, a big initiative, a new product launch or something really innovative then try writing a future news story. Imagine that the project has been a surprisingly big success.

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The Best Sales Forecasting Models for Weathering Your Goals

Every sales forecasting model has a different strength and predictability method. It’s recommended to test out which one is best for your team. This way, you’ll be able to further enhance – and optimize – your newly-developed pipeline. Your future sales forecast? Sunny skies (and success) are just ahead!

Podcast S5E109: Dorte Nielsen – Teaching creativity in Danish schools

Idea to Value

In today’s episode of the Idea to Value podcast, we speak with Dorte Nielsen, founder of the Centre of Creative Thinking in Denmark, and author of The Secrets of Highly Creative Thinkers. We speak about the successes and challenges she has had in bringing creativity into Danish classrooms.

You win or you learn

Idea to Value

There is a wonderful saying in the martial art of Jiu-Jitsu: There is no losing in Jiu-Jitsu. You win or you learn. This quote comes from one of the pioneers of Brazillian Jiu-Jitsu, Carlos Gracie Sr. What I love about it is how succinctly it demonstrates the value in learning from trying new things.

This new tool allows designers to create photorealistic 3D humans in less than an hour

Idea to Value

Epic are the makers of the videogame production software “Unreal Engine”, known for producing some of the best graphics in videogames (and recently, in films and TV shows as well).

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Helping Kids Foster and Keep Creativity

Idea to Value

For most kids, being creative and imaginative is no problem. It seems to come naturally through play, exploration, and curiosity. You can probably even remember back to your own childhood and how effortless it seemed to come up with creative, fresh ideas no matter what you were doing.

11 Ways to Make a Short Remote Design Thinking Project a Success

You can achieve a huge amount in a short period with a virtual design thinking project. While some teams want to come together for several weeks or months to tackle a challenge, others want to run short, sharp projects to find a quick solution. And with the right preparation, attitude, and structure in place, that's totally possible.To help make sure your short innovation projects are a success, download this free guide from the team at Sprintbase, a virtual design thinking platform, to learn their top tips.