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How much is innovation costing your organization?

Innovation 360 Group

Improve your innovation ROI with “The Wheel of Innovation”. The Wheel of Innovation Sawhney, Wolcott and Arroniz (2006).Penker Successful innovators are successful because they do certain things well. Penker (2008-2011).

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The Wheel of Innovation: Lessons learned from >1,000 companies and 62 countries

Innovation 360

The 16 overall aspects grouping the 67 core capabilities driving innovation (the 16 aspects is based upon the 12 way of innovating by Sawhney, Wolcott and Arroniz, 2006 ). Typical external innovation (the right part of Figure 2) is about how to organise for efficient customisation of deliverables, typically used in Industry 4.0.

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The Wheel of Innovation: Lessons learned from >1,000 companies and 62 countries

Innovation 360 Group

The 16 overall aspects grouping the 67 core capabilities driving innovation (the 16 aspects is based upon the 12 way of innovating by Sawhney, Wolcott and Arroniz, 2006 ). The first horizon (H1) is about incremental innovation in today’s business, extending the existing S-curve of the company.

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PLAYING IT SAFE IS THE MOST DANGEROUS THING YOU CAN DO

Innovation 360 Group

In 2006, the massive Tower fell, going from profitability to bankruptcy in a few years. They took on 110 million dollars US in debt in 1998 for their global expansion, just as streaming and peer-to-peer music sharing was finding their footing.

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When innovation led to a reversal of fortunes

hackerearth

Nintendo’s new disruptive innovative strategy involved engaging non-gamers rather than trying impress “bored” gamers, outselling its competition. Nintendo’s simple and intuitive Wii (released in 2006) was hugely successful. Then the competitors released add-ons to the market. Fingers crossed!