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Building Capacity for Breakthrough Innovation

Innov8rs

Innov8rs | Breakthrough innovations are characterized by their ability to disrupt or redefine the competitive landscape, often rendering existing solutions obsolete. They represent a radical departure from existing products, services, or processes, paving the way for new markets, industries, and value networks.

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So Where Is Innovation Heading?

Paul Hobcraft

They point out that since 2014, only four types of innovation and that are all related to digital, have grown increasingly in importance in their pursuit by companies. This agility needs the tools of testing, feedback, and adaptation to accelerate the innovation process.

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Key Issues in Innovation Management – Revisited – Part 1

Tim Kastelle

Accelerating dynamics and pace of disruption in most industries, in particular triggered by the perfusion of new technologies, lead to decreasing life times of existing business models. Enabled by the accelerating pace of digitalization, a new model for value creation is taking shape – spreading in almost any industry.

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The Case for Dual Innovation

Tim Kastelle

Let’s sum up some relevant findings of these studies, making the case for dual innovation management: BCG: Most Innovative Companies 2014 . This trend is even more pronounced among strong innovators, with those pursuing a centralized approach rising from 68 percent in 2013 to 71 percent in 2014. Source: Accenture.

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Why we should focus on Innovation Governance

Paul Hobcraft

It encourages agility, adapting, being fluid and dynamic in the way to undergo innovation. I do recommend a really excellent book, brought out in 2014 that provides a really detailed look at Innovation Governance. It provides good reporting that conveys innovations importance and impact.

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Titans of Transformation: 5 Outstanding Examples of Innovation in Business

Qmarkets

When it comes to disruption on the modern business landscape, company size is no safeguard. What’s more, it’s estimated that digital disruption will wipe out 40% 2 of today’s Fortune 500 companies in the coming decade. Amazon: Harmonizing Disruptive and Incremental Disruption With the Element of Speed.

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Innovation Insights from Jeff Bezos and Amazon

Destination Innovation

Traditional bookstores responded with their own websites but none was as appealing, as agile or as successful as Amazon. In it he argued that selling second-hand books was good for customers and therefore good for the industry. In 2014 Amazon entered the smartphone market with the release of the Fire Phone.