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

Idea to Value

How much of your innovation budget and innovation efforts should focus on improving your existing business, and how much should seek to explore and transform your business for the future? But what does a well-balanced innovation portfolio look like? So what is the best new ratio for companies.

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? This can require significant marketing and sales effort to change.

Strategy 257
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Smarter Homes - Opportunities in the Growing Home Automation Market

Wellspring

If you’ve recently read any innovation or R&D advice lately, you’ve most likely seen this common sentiment: Innovate with the customer in mind. Figure 1: Patent Activity - Smart Home and Home Automation patents published from 2012 to 2020. Source: Wellspring for Tech Scouting Data.

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Summaries of the 50 Best Business Books

Destination Innovation

Would you like to have read the best 50 books on sales, marketing, leadership, innovation, entrepreneurship and self-improvement? Just imagine all the insights and lessons you would have learned and how that would have helped you in your business career. But how much time would it have taken?

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How four market-creating innovations are improving education and employment in Brazil

Christensen Institute

In our recently published paper titled Leveraging Market-Creating Innovations to Solve Brazil’s Education Paradox , we describe how Brazil currently spends more money on education than its Latin American peers, however much of the outcome of its education system is subpar to theirs in comparison.

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Trust the Customers, Not the Experts

Destination Innovation

Fellow dragon Deborah Meadon, chief of a holiday business, firmly stated that there was no market for the ride-on suitcase. Originally Trunkis were made in China but in 2012 Rob Law set up a factory in Plymouth. Lessons for Innovators. The post Trust the Customers, Not the Experts appeared first on Destination Innovation.

Design 316
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What is the ambition matrix and how does it work as part of an innovation portfolio?

Idea to Value

Most companies are not really aware of all of the innovation projects they are working on. This is where a tool called the Ambition Matrix is extremely useful, and it is a tool I use with clients all the time to gain clarity on what their current innovation portfolio looks like. Is this project an innovation at all?