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Trust the Customers, Not the Experts

Destination Innovation

After graduating he developed this idea and presented it to luggage companies who thought it was a toy. In 2006 he presented on the TV programme Dragon’s Den in front of a panel of stern entrepreneur investors. His presentation started well and he asked for an investment of £100,000 for a 10% share in his company, Magmatic.

Design 316
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How much luck do you need to be creative?

Idea to Value

In many cases, one factor which determines which opportunities will present themselves to you is out of your control. However, in the 200m butterfly in London 2012, Phelps was beaten by South Africa’s Chad Le Clos by just five one-hundredths of a second. A supportive network around you. Lucky in one race, unlucky in another.

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Pivotal Innovation Management: The Past, Present, and Future of 180° Business Changes

Qmarkets

Another example I like to present is Nintendo, originally a purveyor of handmade playing cards, attempted to enter a number of new markets due to the fact that consumer interest in playing cards had decreased substantially. Rising competition from Apple and Google caught Nokia out of position and led to near-bankruptcy in 2012.

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We are falling badly behind on our invention in technology for the Energy Transition

Paul Hobcraft

No energy transition will be achieved without invention and innovation, yet we are failing badly at present to fund research, development and in deployment. The CETP Annual Report 2020 highlights the programme’s main activities, presenting significant outcomes and areas for further work and planned activities for 2021.

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

Idea to Value

For example, Scott Anthony (interviewed on the podcast here ), summarised his views in a 2012 HBR article about which companies might benefit from moving first: If you are what Professor Steven Spear calls a “high-velocity organization” that is always learning and improving, there are real benefits to moving first.

Strategy 257
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Examining the State of Crowdsourced Innovation in 2019

IdeaScale

From 2012 through 2017, companies started devoting less innovation management resources to core innovations, and more to core-adjacent and transformational innovations. There is no time like the present. Riskiest of all are transformational innovation activities, but when they pay off, their ROI is highest of all.

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We are falling badly behind on our invention in technology for the Energy Transition

Paul Hobcraft

No energy transition will be achieved without invention and innovation, yet we are failing badly at present to fund research, development and in deployment. The CETP Annual Report 2020 highlights the programme’s main activities, presenting significant outcomes and areas for further work and planned activities for 2021.