OVO Innovation

Why failure can be an innovation aphrodisiac

OVO Innovation

If you stick around innovation long enough you'll probably come to believe that we are all dead-enders. After all, what group of people could willingly embrace as much failure with such a positive attitude? Failure, you'll be reminded, is necessary for innovation. I like to quote the saying that my ski instructor told me years ago - "if you aren't falling, you aren't trying hard enough". Many believe that failure is important for innovators because people learn from their failures.

Will big data solve the innovation gap?

OVO Innovation

For many companies, I think there is a relatively significant gap between what they actually generate as compelling new products and what they wish they generated. We could call this the "innovation gap". The gap is real, and it means that many companies aren't as profitable or as competitive as they'd like to be.

Why innovators should focus on product deconstruction

OVO Innovation

I've been thinking a lot lately about innovation and how we may have emphasized one component at the expense of another. Here I'm talking about something that should appear obvious - the focus of innovation in building new things. We are constantly reminded that innovation is about building new products and services and experiences. And this definition is entirely right and proper. But I think it neglects something very important.

Design 118

Scale gives way to speed

OVO Innovation

With apologies for the use of a tired phrase, there is a new game in town and it will dramatically impact how, why and where you do innovation work. The new game, as demonstrated by a number of emerging disrupters, is captured in the book Unscaled and discussed at length in this nice blog post - one I wish I could have written. There are a couple of overlapping points here, but the main idea is that scale as a competitive weapon is increasingly passe.

Agile 100

Three Keys to Accelerating Innovation through Connecting and Collaborating Outside your Organization

Speaker: Gordon Vala-Webb, Author, Speaker and Consultant, Building Smarter Organizations

From his upcoming book, Building Smarter Organizations, Gordon will do a deep dive into connecting and collaborating with those outside your organization to accelerate innovation. Gordon will provide practical strategies to connecting and working with the "nearside" of suppliers, partners and alumni in order to accelerate innovation.

Why innovation portfolios matter

OVO Innovation

At this point in business evolution, every CEO understands the need for more innovation. After a decade of reading about it, getting pounded over the head with the Jobs/Apple story and watching new innovations disrupt entire industries, businesses are starting to react. More and more of them are doing innovation, with drastically different outcomes. Some are successful. Many are making significant investments and have had little success. Some are frankly abject failures.

Changing corporate culture to encourage more innovation

OVO Innovation

I've written and spoken about the importance of corporate culture and its impact on innovation over the last 15 years or so. Heck, one of the underlying issues I address in my book Relentless Innovation (shameless plug) is the overwhelming challenge that corporate culture presents to an innovation team. I've argued that corporate culture, more than any other issue, is the biggest barrier to sustained innovation.

Exploring and Exploiting for Innovation (part 2)

OVO Innovation

If you are following along, I'm writing a series of posts about the opportunities and challenges with the way we think about and implement the concepts behind explore and exploit. In my first post I wrote a short introduction to the topic. In that post I looked at the history of exploring and exploiting, which I'll suggest comes from the conquest of the new world by the Spaniards, when Columbus and others explored, and the Spanish government exploited the opportunity for centuries.

Which pace of change to align to?

OVO Innovation

You've heard it before - the pace of change is accelerating. I can present all of the technology adoption charts , the fascinating nuggets of data that tell you how quickly different products or technologies were acquired by millions of customers. And so on and so on. You already know this. Change is real, and change is accelerating. Whether we are talking about change in your global markets, in your industry or in your customer base, change is everywhere.

Change 109

Building A Collaborative Innovation Playbook

Speaker: Greg Satell, Innovation Advisor, Speaker and Author

From his newly released book, Greg Satell has researched how people and organizations successfully innovate. We are excited to have Greg join us for a session that will draw upon these insights and provide a playbook for how to define the right innovation strategies for your organization to overcome the specific challenges that your organization faces and dramatically improve your innovation effectiveness.

Winning the explore:exploit game

OVO Innovation

So we come to the ultimate post on explore and exploit, at least for now. In past posts we've looked at the origin of explore and exploit , the emergence of true innovation explorers like Edison, Bell and a host of others. We've noticed the rise of the corporation to exploit the discoveries of said explorers. Last but not least we touched on the future of explore and exploit and how it might upset existing business models and organizational structures.

The future of explore and exploit

OVO Innovation

In my last two posts I examined the origin of explore and exploit , and where it has taken us so far in the innovation space. In this post I want to explore why everything we believe about explore and exploit from a strategic and business model perspective is increasingly wrong, and what innovators and strategists need to do now in order to compete effectively in the future.

Evolution and its impact on business models, slow and fast

OVO Innovation

Darwin teaches us that evolution is a long, slow process, gradually leading to new adaptive species that emerge over time with specialized capabilities. Therefore, the change in species from generation to generation may be relatively small, but always purposeful and testing the best ways to win in a niche.

Exploring and Exploiting for Innovation (part 1)

OVO Innovation

In so many ways it often feels like innovation is both wholly new, and ancient at the same time. Tools that we use to innovate aren't new, in fact many are very old, but put to appropriate use they help us create miraculous new things. Too often we distrust old tools or methods, thinking that newer tools or methods are more current, more viable, but fail to realize that some things are simply grounded in truth, no matter hold old they are. Take, for example, the idea of exploring and exploiting.

A Strategic Approach to Open Innovation

Speaker: Jeffrey Phillips, Senior Consultant, OVO Innovation

This action-packed session examined the critical questions you should ask as you establish an open innovation framework: which technologies or ideas? Which partners and how many? Which methods? By taking a strategic approach to open innovation, you’ll find the right ideas or partners more effectively, and you’ll accelerate new products to market more quickly. This was a great session you don’t want to miss.

When and Why new thinking overcomes old models

OVO Innovation

I've been watching the recent gun debate in the US with a lot of interest. Clearly we have a safety and security issue, with far too many people losing their lives to gun violence, in "unsafe' neighborhoods but also in places that should be safe, like schools.

Tips 118

Innovation requires learning, relearning and unlearning

OVO Innovation

There's probably few activities that corporate folks enjoy less than corporate training. For most it's guaranteed to be a slog, or a review of policies and procedures rarely used and important only to a specific team or set of circumstances. While people are attending the "mandatory" training to learn material of vague importance to their day to day jobs, their inboxes are filling up, cat videos are going unwatched.

Innovation is often the triumph of hope over experience

OVO Innovation

Oscar Wilde, perhaps one of the most acerbic and humorous writers of the 19th century, once commented that a second marriage after a failed first marriage was the "triumph of hope over experience". His point was that people continued to pursue marriage, even in the face of bitter previous failure. Now Wilde was a bachelor, and also unable to marry in his time, since he was gay, and may have had a bit of snark in his writings, but his point remains.

Video 109

We could all use a little Sharknado thinking

OVO Innovation

I saw a sign in my Twitter feed recently that spoke volumes about innovation culture. Let's contemplate the audacity of suggesting an idea about a movie full of sharks in tornadoes for just a moment. Creativity and Combinations To suggest a movie about sharks in a tornado demonstrates creativity.

6 Keys to Making Collaborative Innovation Successful

Speaker: Soren Kaplan, Founder of InnovationPoint

We are excited to launch the Collaborative Innovation Webinar Series with Dr. Soren Kaplan. His just released book, "The Invisible Advantage," provides actionable insights into how any organization can create a culture of innovation, an environment that promotes freethinking, an entrepreneurial spirit, and sustainable value creation at all levels and across all functions. By registering for the webinar, you will get a free excerpt from his book.

Yesterday or Thinking about Tomorrow?

OVO Innovation

The Beatles (they were a pop group for those of you who cut your teeth on Eminem) wrote jangly songs about yellow submarines and walruses. It was the 60s, so I guess you had to be there to understand. They were all about sunny days, happy feelings, a kind of Beach Boys from England with mod outfits and mop top haircuts. They also had that outrageous Sergeant Pepper phase, but I digress. The Beatles also had a few melancholy songs, perhaps none more famous than "Yesterday".

3 innovation types: evolution, preventative and creative

OVO Innovation

I was thinking over the weekend that for years we've positioned innovation incorrectly. Too often we position innovation as creating a new and valuable offering or solution, ready when customers are ready to demand new products and services. In other words, we've positioned innovation as something to do to prepare for future business, future needs and future demands.

Is innovation unreasonable?

OVO Innovation

Thank goodness for Twitter. What would we do without this constantly refreshing stream of bromides, insights, accusations and occasional bursts of wisdom? Just yesterday while perusing the Twitter stream I saw a quote attributed to Jonathan Ive that made me want to sit up and scream. The quote was relatively straightforward and seems innocuous on its face: "To do something innovative means you reject reason" Sounds about right, doesn't it?

Six factors that lead to greater innovation success

OVO Innovation

I've been thinking a lot about why innovation fails. Not about why supposedly innovative new products fail, because there are multiple reasons for the failure of a new product. It could be too early or too late in the market window, or it could simply have the wrong pricing or distribution. A new product may lack key features or components, or like some successful products take years to build an audience. I'm actually more interested in the 90+% of ideas that never make it to product development.

The Leadership of Open Innovation

Speaker: Paul Sloane, Director, Destination Innovation

Paul Sloane is a well-known author and speaker on open innovation. In this session, Paul takes us through examples of successful open innovation programs to explore the breadth of what open innovation can be for organizations and the value it can bring. This was a great session you don’t want to miss.

You don't lack time to innovate. You lack allocation and purpose.

OVO Innovation

You'll forgive me if I lapse into a bit of consultant speak - can't help but do so since I've been in consulting for many years. One of the factors that dictates what people do as consultants (and in other jobs or industries where time is tracked to projects or other expense categories) is the availability of charge codes. Everyone knows that lawyers, for example, typically bill their time in 15 minute increments.

Innovation Depth makes the Difference

OVO Innovation

I've been thinking about innovation for a while now, trying to puzzle out why some organizations seem to be able to innovate almost effortlessly while others are more sporadic or face significant innovation challenges. At some moments in my career I've blamed this phenomenon on lack of breadth - the idea that too many companies shrink innovation activities down to idea generation and rapid evaluation.

Don't forget the steak: What Super Bowl ads forget

OVO Innovation

There's an old marketing adage that you sell the sizzle, not the steak. Sell the benefits, not the features. I wonder, as I watch Super Bowl television ads, how many marketing people have forgotten the basic tenets of their craft. This isn't to say that the ads aren't catchy, funny, endearing and often engrossing. But sometimes the ads are so interesting or so well developed that they neglect to tell us what they are for.

Expecting or Reacting to innovation

OVO Innovation

I'm a bit mystified this morning, mystified by the fact that so many people I interact with are constantly talking about innovation, and how often they are surprised by it or overtaken by events. The word innovation seems to be on everyone's lips, is constantly in the news, but somehow the concepts behind these words never go beyond the surface. Why is it that smart people who are constantly speaking about innovation and hearing about innovation are so often overtaken by innovation?

LEAN 109

Models, Strategies and Tactics for Accelerating Innovation through Collaboration Outside the Organization

Speaker: Paul Campbell, VP of Innovation, Schneider Electric

We are excited to have Paul Campbell, an expert in corporate entrepreneurship, covering some of the strategies and tactics he has repeatedly used to transform corporate innovation programs. In this session, Paul shares his experience innovating in new and adjacent markets through a deft deployment of open innovation, business accelerators, venturing, M&A, R&D, business development and strategy team leadership.

Innovation Gift Giving

OVO Innovation

We find ourselves near the end of another fruitful, eventful year, here at December 19, 2017. All eyes turn toward the holidays (actually, the merchandising happened in October and the Christmas muzak started in early November it seems). While there are a few working days left in the month, and year, I thought I'd offer up some ideas for those individuals who are hard to shop for on your lists. Today, gifts for the frustrated corporate innovator.

The most innovative man in the world

OVO Innovation

For the last few years a commercial has been running to advertise Dos Equis. In these commercials there's always some hyperbole (I know, who would of thunk it in a beer commercial) about a suave, sophisticated gentleman who can simultaneously drink Dos Equis and entertain heads of state. He is, we are constantly reminded, the most interesting man in the world. We are told that his mother has tattoos that say "Son" on them. Superman has pyjamas with his face on them. And so on.

Why we should expect more disruptive innovations

OVO Innovation

I've used the example of Tower Records before - a behemoth astride the recording industry - brought low very quickly by a sudden shift in music distribution. The shift from physical media to digital media, and the shift from albums to songs as the distribution format made Tower suddenly obsolete. Similarly, Blockbuster experienced almost the exact same disruption.

Communication and repetition are vital for innovation

OVO Innovation

I was working out this morning before work and as usual, watching the breaking news. At 7am there are a range of news choices, and strangely each network seems to have the exact same advertisements on during the breaks. As I was working out I realized that I knew the side effects of several medications that I don't need and don't take. These side effects include headaches, vomiting, and so on.

Spigit's 2018 State of Crowdsourced Innovation Report

A rigorous analysis of how the world’s largest brands – representing 21 different industry verticals – leverage their innovation programs to solve problems and surface opportunities, and the key role crowdsourcing plays in their success.

Why you should work with an innovation consultant

OVO Innovation

OK, here comes the pitch. I'm an innovation consultant. I've been working in the innovation space for over 12 years. I have a somewhat (cough) vested interest in writing a blog post about why you should work with an innovation consultant. Of course if you happen to select this particular consultant you'll be exceptionally successful, but there are some other perfectly acceptable consultants out there. But I digress.

You cannot survive doing more of the same

OVO Innovation

It seems so funny, looking back on a meeting I attended about 20 years ago. At that meeting a good friend was presenting a new book, entitled Who Moved My Cheese? He was recommending this book to all of us in the leadership team of a mid-sized ERP consulting firm. Of course most of us read it and thought - hmm - that's interesting. We need to get better at accepting change, instead of seeking to sustain the status quo. You don't need to worry any more about someone moving your cheese.

Change 100

What accelerates innovation

OVO Innovation

Lately I've been reading about the efforts to build or create innovation accelerators. Universities, businesses and even cities and regions are talking about innovation and the need to create accelerators or innovation enablers. I'm glad that everyone is excited about innovation, and that they want to provide the means to help it flourish and help it move more quickly. But the thing is, like most late arrivals, they've got the wrong end of the stick as the Brits like to say.

What your language says about your innovation

OVO Innovation

I've long championed the idea that to change the way people think, you've got to change the way they communicate. If you want big ideas, you need to encourage them, yes, but also talk about them in ways that open up dialog, thinking and idea generation to a much larger dimension. While language, word choice and conversation may not seem to have all that much impact on idea generation and innovation, in reality these are the building blocks of a corporate culture.

Creating a Culture of Innovation — Validating Success with Numbers

Developing a culture of innovation internally leads to higher employee engagement, empowerment of your employees to assist on solving some of your most vital problems, an effective method for capturing their ideas and acting on them and finally, an increase in costsavings.