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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. It was a far-fetched idea that posed too many technical and legal challenges to pursue.

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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

Let’s take a look at how the British cycling team went from zero Tour de France victories and ninety-five years without any Olympic medal by 2003 to sixty-six Olympic or Paralympic gold medals and five Tour de France victories between 2007 and 2017 (Clear, 2018). Harvard Business Review. MIT Sloan Management Review.

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Companies that last through recessions share this marketing tactic

Brunner

economists predict another recession is due by the end of 2020, according to a survey from the National Association for Business Economics last year. If you ask Jeff Shill, the creative director at ad agency Brunner, that means building a marketing strategy heavy on emotion. Two-thirds of U.S. Historically, emotion has worked well.

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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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Top 3 Alternative Assets for your Business Innovation Strategy

Qmarkets

By establishing a clear process that allows people to share their ideas, it creates an opportunity for creativity. Creativity then facilitates out of the box thinking. This increases the amount of ideas submitted, creativity, and employee satisfaction. This can then cause audience disillusionment and fewer idea submissions.