article thumbnail

What is innovation management and why your organization needs it

hackerearth

Understanding Innovation Management. Is it a lack of innovation or an inability to cope with change? Either way, businesses need to identify where they are going wrong because innovation as a business strategy is here to stay. Like any business function, innovation can be managed. Roland Ortt and Patrick A.

article thumbnail

What is innovation management and why your organization needs it

hackerearth

Understanding Innovation Management. Is it a lack of innovation or an inability to cope with change? Either way, businesses need to identify where they are going wrong because innovation as a business strategy is here to stay. Like any business function, innovation can be managed. Roland Ortt and Patrick A.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Keep Innovating in an Economic Downturn

Innov8rs

As innovation managers or as someone working with innovation, it’s essential to discuss with leadership and show how your work and the projects envisioned for the organization can help achieve the goals even in the new context. So, instead of taking a top-down approach they went for the bottom-up one.

How To 105
article thumbnail

How much is innovation costing your organization?

Innovation 360 Group

The innovation process can be unwieldy and costly to operate. Our research suggests that most organizations have challenges in one of more of the four stages of innovation – i.e., ideation, selection, development and commercialization – often relating to gating and decisioning efforts as they move through the four stages.

article thumbnail

PLAYING IT SAFE IS THE MOST DANGEROUS THING YOU CAN DO

Innovation 360 Group

It’s not a coincidence that Stockholm’s Spotify suddenly sprouted up in 2008, among the ruins of music industry giants. Once an innovation project or a series of projects has begun, things move quickly, so it’s important to have the correct framework in place for making decisions at each step from initial ideation to final commercialization.

article thumbnail

Innovation Ecosystem: Bridging the Gap Between Digital and Offline Innovation

Qmarkets

Innovation used to be something that would happen in a physical setting, be it in a workshop, a laboratory, research center, etc. Now, with the advent of innovation software, the process of ideation and collaboration mostly happens online. Likewise the software company Nitobi began as a project at the iPhoneDevCamp in 2008.

article thumbnail

Innovation Ecosystem: Bridging the Gap Between Digital and Offline Innovation

Qmarkets

Innovation used to be something that would happen in a physical setting, be it in a workshop, a laboratory, research center, etc. Now, with the advent of innovation software, the process of ideation and collaboration mostly happens online. Likewise the software company Nitobi began as a project at the iPhoneDevCamp in 2008.