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How to Spot Your Innovation Blind Spot

Phil McKinney

A culture that doesn't reward or recognize creative thinking can stifle innovation and make it difficult to see outside the established norms. Be curious and invest in learning about new industries, trends, and technologies. Instead of fearing it, view it as a learning opportunity, a stepping stone towards success.

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The Importance of Prioritizing Employee Well-Being and Psychological Safety

Business and Tech

The science is clear that when we prioritize our well-being, we’re more creative, productive, and resilient, and we make better decisions. My turning point came in 2007, when I collapsed from exhaustion and broke my cheekbone. Well-being isn’t just a perk, it’s a competitive advantage.

Culture 246
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Business Model Innovation Basics Series - Part 2: Why Business Model Innovation Matters

The BMI Lab Blog

Learnings from sports competitions Competition in business is similar to sports competitions – there are winners and losers. His continuous improvements were mainly creative re-combinations of previously existing concepts far away from cycling sport. But what is the “secret sauce” of winning athletes and companies?

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Ideate or Deteriorate – Why Companies Must Learn How To Be Innovative to Achieve Major Growth

Qmarkets

Is innovation a superfluous fad that just won’t go away, or is learning how to be innovative crucial for futureproofing an enterprise? The only difference is that WhatsApp was first to capitalise on the innovative capabilities that were being offered by mobile devices, despite possessing categorically inferior technology and resources.

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The Role of Innovation in New Product Development: Three Approaches for Success

Qmarkets

The Lego Company for example, consistently use crowdsourcing as a means of sourcing new product ideas, using their community to contribute to the creative NPD process. If an idea gains 10,000 supporters (or votes) from other members, it is considered for production in a ‘Lego Review’.

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PLAYING IT SAFE IS THE MOST DANGEROUS THING YOU CAN DO

Innovation 360 Group

Companies disappear all the time without a word, due to changing cultural values, changing technology, or changing audience demographics. It wasn’t the tech startups alone that brought them down. At the heart of it all was a lack of attention to how customers’ lives had changed into a faster, more tech-savvy world.

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What is idea management and why is it important for any business

hackerearth

Another definition hinting at its pivotal role in innovation is this: “Idea management is facilitating the flow from idea generation to idea conversion in the innovation value chain” (Hansen & Birkinshaw, 2007). To learn how you can introduce idea management software in your business, Click here. Why is idea management important?