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Balancing your innovation portfolio: Does the 70-20-10 rule still apply?

Idea to Value

One of the best ways to assess what proportions your company should allocate to different types of innovation projects is by looking at your current and desired innovation portfolio. Some companies, like technology companies which need to produce new offerings more quickly, might have a ratio that is more like 45-40-15.

Project 284
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First-Mover or Fast-Follower: Which is the right innovation strategy for you?

Idea to Value

What makes more sense: To be the first player in a brand new market, able to be the first (or only) company which customers buy from? To wait until other companies have proven there is a market for a new offering, and then quickly develop and scale your own? And competition has its advantages. There are proponents of both camps.

Strategy 257
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The Detriments of a Command-and-Control Culture and the Power of Design Thinking

Tullio Siragusa

The Detriments of a Command-and-Control Culture and the Power of Design Thinking In the competitive landscape of modern business, the approach we take to leadership can make or break an organization. Result: Kodak’s failure to innovate and adapt to digital technology ultimately led to bankruptcy in 2012.

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The Innovators’ DNA in a Design Infused Company

Be-novative

Whether a company has ten or hundred thousand employees, it has access to an untapped resource of unique, diverse and broad perspectives and insights that employees of these companies don’t share effectively. Truly innovative companies don’t just design for customer experience.

Design 52
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Innovation is a Company Wide Responsibility

ImagineNation

It takes a lot of empathy, patience and healthy detachment to provide for the immediate needs of the people on the margins of society and to help them find permanent solutions to their many problems – innovation a company-wide responsibility. The only way for it to survive is to be separated from its internal competition.

Company 52
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The Innovators’ DNA in a Design Infused Company

Be-novative

Whether a company has ten or hundred thousand employees, it has access to an untapped resource of unique, diverse and broad perspectives and insights that employees of these companies don’t share effectively. Truly innovative companies don’t just design for customer experience.

Design 40
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Adapt or die: lessons from 5 companies that failed to innovate

Idea Drop

It feels like the world is moving faster than ever, which means that companies in every sector have to prioritise agile innovation or risk becoming defunct. If it seems like many of the companies that you knew from childhood have vanished, it’s because they have. They filed for bankruptcy in 2012.

Company 68