Commodore Innovation

After a strong Q3, where next for innovation investment?

Commodore Innovation

Innovation spending grew strongly in Q3. Investment in innovation by US-listed firms grew strongly in the third quarter of 2020—reflecting strong economic growth for the quarter 1. After falling about 2.9%

Now is the worst time imaginable to reduce innovation budgets

Commodore Innovation

While the effects of COVID-19 vary dramatically by sector, many companies face significant pressure on their innovation budgets. If prior recessions are any guide , we might expect annual innovation spending to fall by 5-6%.

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Will AI dramatically alter the economics of innovation?

Commodore Innovation

The hype surrounding artificial intelligence (AI) invites skepticism. But underlying the optimism (and fear) there’s a simple, but potentially important truth: AI, especially machine learning (deep learning in particular), could change the economics of innovation.

Budget cuts are here. Time to bolster the case for innovation.

Commodore Innovation

“What we are ultimately going to be able to accomplish is directly tied to the rest of the organization believing we’re important.” ” —senior director of innovation, aerospace industry. Chances are you’re dealing with budget cuts for this year, and also … The post Budget cuts are here. Time to bolster the case for innovation. appeared first on Commodore Innovation. Latest Blog Posts

Register Today for RIDG’s Return on Innovation: Webinar Series

Speaker: Michelle Royal, Founder of RIDG

Join RIDG's Chief Innovation Officer, Michelle Royal, for a free 60-minute webinar on Tuesday, March 9th at 10 a.m. ET. You’ll learn how to lead your business to a new frontier in a time of disruption and prepare for the future despite intense financial and mental constraints of a pandemic. This is the first webinar of a three-part series on how innovation produces higher profits and happier people. RIDG helps companies make strategic financial decisions and empowers their teams to grow the business.

COVID-19: Your innovation strategy’s been updated. Now what?

Commodore Innovation

Many organizations’ responses to the COVID-19 crisis have already switched from the tactical to the strategic. Your organization has likely updated its innovation strategy (or at least started to). That’s an essential first step. But the changes to your innovation … The post COVID-19: Your innovation strategy’s been updated. Now what? appeared first on Commodore Innovation. Latest Blog Posts

How to improve measurement of innovation performance in your organization.

Commodore Innovation

Once you’ve decided you want to do something about how your organization measures innovation performance, knowing what to do next isn’t always obvious. We often have conversations with innovation leaders who get to this point and reach out to us … The post How to improve measurement of innovation performance in your organization. appeared first on Commodore Innovation. Latest Blog Posts

The Innovation Culture Balancing Act

Commodore Innovation

Everyone agrees that organizational culture is a key driver of (or hindrance to!) innovation performance. It’s obvious on its face, given that culture affects things like how well teams work together, how fast decisions are made, and how much risk … The post The Innovation Culture Balancing Act appeared first on Commodore Innovation. Latest Blog Posts

The Innovation Performance Measurement System Check-up

Commodore Innovation

Problem : Most firms neglect to evaluate the effectiveness of their innovation performance measurement systems. Action : Conduct a quick check-up by following the 3 steps below. High-performing companies know that using metrics effectively is critical to managing innovation. And … The post The Innovation Performance Measurement System Check-up appeared first on Commodore Innovation. Latest Blog Posts

Benchmark Innovation Performance

Commodore Innovation

How does your innovation performance compare to your competitors’? It’s just human nature to be curious about how your performance compares with that of your competitors. But when it comes to innovation performance, this instinctive desire for benchmarking is also … The post Benchmark Innovation Performance appeared first on Commodore Innovation. Latest Blog Posts

Extending the Reach of HR: Supporting and Sourcing Remote Talent

Speaker: Karen Lim, Alliance Academy

The concept of Global HR is becoming more common as more companies become permanently remote. As companies expand their talent-bases beyond borders, HR reps will bear the responsibilities that come along with it. Adapting to different cultures, distances, and legal implications whilst preserving core company values is essential. Once you can do this, the world becomes your oyster. Join Karen Lim of Alliance Academy, and learn to thrive in a remote-first mindset.

Most Companies’ Innovation Performance is Declining. Is Yours?

Commodore Innovation

Research shows widespread, declining innovation performance. At first glance, the idea that companies are getting worse at innovation seems ridiculous—“innovations” are such a prevalent part of our daily lives. And we are fed a constant stream of information about the … The post Most Companies’ Innovation Performance is Declining. Is Yours? appeared first on Commodore Innovation. Latest Blog Posts

The Operational and Creative Mindsets in Innovation Portfolio Management

Commodore Innovation

Problem : Innovation leaders need to balance Operational and Creative mindsets, but it’s easy to overemphasize one. Action : Answer 10 questions to review and calibrate your practices and metrics. As an innovation leader, you have to enable creativity and … The post The Operational and Creative Mindsets in Innovation Portfolio Management appeared first on Commodore Innovation. Latest Blog Posts

The Classic Mismatch: Expectations for Innovation from Different Levels in the Organization

Commodore Innovation

Business leaders and consultants have been talking about the importance of working across functions to improve innovation performance, for decades. But lack of alignment across levels of the organization is just as problematic for innovation, if not more so. These … The post The Classic Mismatch: Expectations for Innovation from Different Levels in the Organization appeared first on Commodore Innovation. Latest Blog Posts

Measurement for breakthrough projects – Practitioner’s Dispatch Series

Commodore Innovation

It’s always helpful to hear from people who have struggled with and overcome a problem you’re facing. With this post, we’re excited to launch the Practitioner’s Dispatch, a new series featuring innovation practitioners’ battle-tested advice on common problems. First up … The post Measurement for breakthrough projects – Practitioner’s Dispatch Series appeared first on Commodore Innovation. Latest Blog Posts Practitioner's Dispatch Series

The Best Sales Forecasting Models for Weathering Your Goals

Every sales forecasting model has a different strength and predictability method. It’s recommended to test out which one is best for your team. This way, you’ll be able to further enhance – and optimize – your newly-developed pipeline. Your future sales forecast? Sunny skies (and success) are just ahead!

Communication is Job 1 of your innovation measurement system

Commodore Innovation

I heard an innovation leader at a Fortune 100 company remark recently, “There are lots of jobless innovation managers out there who will tell you—’if I knew then what I know now, I would have communicated better.’”. I hadn’t thought … The post Communication is Job 1 of your innovation measurement system appeared first on Commodore Innovation. Latest Blog Posts

Why Finland Has the Best Education System in the World

Idea Champions

The school I want to begin

This new tool allows designers to create photorealistic 3D humans in less than an hour

Idea to Value

Epic are the makers of the videogame production software “Unreal Engine”, known for producing some of the best graphics in videogames (and recently, in films and TV shows as well).

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The 10 Minute rule from the founder of IKEA

Idea to Value

You can do so much in ten minutes’ time. Ten minutes, once gone, are gone for good. Divide your life into 10 -minute units, and sacrifice as few of them as possible in meaningless activity. Source: Ingvar Kamprad, Founder of IKEA (Men’s Health – October 2017 Interview). Inspiratio

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11 Ways to Make a Short Remote Design Thinking Project a Success

You can achieve a huge amount in a short period with a virtual design thinking project. While some teams want to come together for several weeks or months to tackle a challenge, others want to run short, sharp projects to find a quick solution. And with the right preparation, attitude, and structure in place, that's totally possible.To help make sure your short innovation projects are a success, download this free guide from the team at Sprintbase, a virtual design thinking platform, to learn their top tips.

Designing Unique Workshops is hard work

Paul Hobcraft

Finding opportunities for Innovation and Growth is hard work. It is the value of having good, interactive, highly particpative workshops breaks much of those initial barriers to allow the hard work to begin in a more cohesive and collaborative way.

Design 201

Vincent van Gogh quote on taking action

Idea to Value

“I tell you, if one wants to be active, one mustn’t be afraid to do something wrong sometimes, not afraid to lapse into some mistakes. To be good — many people think that they’ll achieve it by doing no harm — and that’s a lie, and you said yourself in the past that it was a lie.

Why We Are Beset With Conspiracy Theories (And How To Fix It)

Digital Tonto

In a nutshell, the function conspiracy theories play is to explain things that we don’t otherwise understand and feel out of our control. So it shouldn’t be surprising that the age of Covid has. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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Podcast S5E104: Adii Pienaar – Building Life Profitability

Idea to Value

In this episode of the Idea to Value podcast, we speak with South African serial entrepreneur Adii Pienaar about Life Profitability.

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The D&I Garden: Seeds of Innovation that Grow into Creative Breakthroughs

Speaker: Donald Fan, Senior Director of the Global Office of Culture, Diversity & Inclusion at Walmart Inc.

In the digital era, rife with uncertainty and ambiguity, innovation plays an essential role in sustaining organic growth and outperforming the global competition. Research proves time and again, there exists a robust bond between innovation and diversity & inclusion (D&I); our challenge is to help our leaders understand how to plant the seeds of innovation in the fertile D&I garden in order to drive a strategic and competitive advantage from the office and in the digital landscape.

Firefighters prevent innovation

Idea to Value

In many companies, there are employees known for their ability to fix problems. They are colloquially referred to as “firefighters”, because they are constantly putting out fires around the business.

Validate your idea or innovation, not yourself

Idea to Value

An important part of the innovation process is validating ideas. When done correctly, it is a powerful way of getting feedback from the market on what it would take to make the innovation a success. However, many people fall into a trap when looking for feedback.

Stunning video of NASA’s Perseverance rover touching down on Mars

Idea to Value

If you want to see an example of technical innovation, you need to see this video of NASA’s latest rover touching down on the surface of Mars.

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Podcast S4E96: Jeff DeGraff – Mastering the 6 skills of the creative mindset

Idea to Value

In this episode of the Idea to Value Podcast, we welcome back the Dean of Innovation, Dr Jeff DeGraff, who has worked with more than half of the Fortune 500 companies to improve their innovation programs. We speak about how to cultivate a creative mindset.

B2B Pocket Playbook: End-to-End Guide to Sales Enablement

Sales enablement is the strategic process of providing sales teams with the content, guidance, and mentorship needed to engage targeted buyers. It’s all about equipping sales professionals with the tools they need to put their best-selling foot forward. And if sales teams want to continuously sell better -- and faster -- their sales enablement process must have a game-winning strategy. It's time for you to start selling smarter - and hitting your sales number - with the best B2B database in the market. Get started today.

Learned Helplessness in creativity

Idea to Value

How is it possible for a human to control a fully-grown, 6 tonne elephant with only a piece of string? And how does this relate to people feeling like there is no point in doing anything with their idea, or thinking that they aren’t even creative?

Podcast S4E94: Cyndi Burnett – Creativity in education

Idea to Value

In this episode of the Idea to Value podcast, we speak with Cyndi Burnett, Director at Creativityandeducation.com. We speak about what it takes to bring creativity into homes and classrooms.

Survey shows the most important skills for 2025 will be creativity and innovation

Idea to Value

According to the new 2020 Future of Jobs report by the World Economic Forum, there will be an increasing demand for skills related to Innovation and Creativity between now and 2025.

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Podcast S4E99 – Why creativity and innovation will be the most important skills of 2021

Idea to Value

In this livestream of the Idea to Value podcast, I talk about the main reasons why creativity and innovation are going to be the most important skills of the next 5 years.

Pressure Points: How to Ensure Your B2B Pipeline Passes Inspection

This eBook highlights best practices for developing a pipeline management process that helps sales leaders and their team C.L.O.S.E (you’ll see what we mean in this eBook) more revenue through data-driven prospecting, stage analysis, and subsequent sales enablement.

The Connection Between Positive Change and Workplace Fulfilment

Idea to Value

Amidst Zoom meetings, sales reports, trend analysis, and fighting to keep up with the competition, it’s easy to overlook workplace fulfilment on the never-ending list of tasks required to run your business.

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Building the Innovation Business Case

Paul Hobcraft

The building always the Innovation Business Case offers a unique approach to tackle one of the real problem areas within innovation- making the case compelling. One of the toughest aspects within Innovation is making the Business Case.

Podcast S5E103: JeNae Johnson – Diversity, equity and rescuing geniuses

Idea to Value

In this episode of the Idea to Value podcast, we speak with Founder of CTM Unlimited, JeNae Johnson. JeNae is a well known human capital consultant with a focus on bringing both equity and inclusivity to discussions around diversity.

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Jeff Bezos’ Rule: What will not change?

Idea to Value

Many innovators and strategists are obsessed with predicting how the world will change in the future. They then try to develop new products and business models to fit this new world. But often, it can be even more valuable to figure out what will not change in the future.

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Marketing-Led Post-COVID-19 Growth Strategies

Businesses are laying off workers, shutting their doors (some permanently), and struggling to react to the radical destruction that coronavirus (COVID-19) is doing to our society and communities. However, there’s no team better suited to lead that charge than the marketing department.