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Six Insights for Innovating Amid Disruption

Yet2

In many ways 2020 defines the idea of disruption: the entire world went into lockdown, markets fluctuate, and every university and R&D department raced to innovate. These funds must be ready and available when the disruption hits. Stay Committed to Innovation.

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Why Financial Organizations Must Fight Digital Disruption with Digital Disruption

Qmarkets

The term ‘Digital Disruption’ describes the situation where an existing industry is being altered by emerging digital technologies. These new technologies lead to innovations, often creating new markets and value markets that can impact the established leaders in the industry. Financial organizations of all shapes and sizes are being disrupted by small, agile, innovative and technology-oriented companies which offer convenient and efficient services.

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Future-Proofing Financial Market Innovation – Fighting Digital Disruption with Digital Disruption

Qmarkets

The term ‘Digital Disruption’ describes the situation where an existing industry is being altered by emerging digital technologies. These new technologies lead to innovations, often creating new markets and value markets that can impact the established leaders in the industry. Financial organizations of all shapes and sizes are being disrupted by small, agile, innovative and technology-oriented companies which offer convenient and efficient services.

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Why Financial Organizations Must Fight Digital Disruption with Digital Disruption

Qmarkets

The term ‘Digital Disruption’ describes the situation where an existing industry is being altered by emerging digital technologies. These new technologies lead to innovations, often creating new markets and value markets that can impact the established leaders in the industry. Financial organizations of all shapes and sizes are being disrupted by small, agile, innovative and technology-oriented companies which offer convenient and efficient services.

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Shifting Radically the Innovation Business Model

Paul Hobcraft

Shifting Radically the Innovation Business Model. I have been spending some significant time on questioning the current innovation business model, from both the customers (clients) perspective and the innovation consultants’ one. Now we all know not all things are equal, many companies have invested significantly in improving their innovation capabilities. For me, the process and management of innovation really does need to be definitely questioned.

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Evaluating Crowdsourcing – offering a bright future?

Paul Hobcraft

Crowdsourcing has been growing in interest for some time to change our thinking in innovation discovery. Crowdsourcing does have both the potential to point towards disrupting possibilities, extends the concept of open innovation into a wider source of participation from a diverse community not possible to reach by other means as effectively. All in all, if applied carefully it can provide you with a leading edge of innovation knowledge and insight.

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Evaluating Crowdsourcing – offering a bright future?

Paul Hobcraft

Crowdsourcing has been growing in interest for some time to change our thinking in innovation discovery. Crowdsourcing does have both the potential to point towards disrupting possibilities, extends the concept of open innovation into a wider source of participation from a diverse community not possible to reach by other means as effectively. All in all, if applied carefully it can provide you a leading edge of innovation knowledge and insight.

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The innovating power of ecosystems and platforms

Paul Hobcraft

Our whole understanding of innovation is changing; there are numerous shifts occurring. We are moving towards a new management of innovation where ‘greater’ collaboration is fueling new business models built on platforms, formed around ecosystems of communities with vested interest, contributing and extracting value. We need to find a new way of doing things differently around innovation and its management. So is ecosystem thinking part of your innovation make up?

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Our inabilities to adapt needs changing.

Paul Hobcraft

Erosion is everywhere, it just seems inevitable, we somehow get caught up in the process of time and our organizations seem to ‘freeze’ before our eyes, then simply age. Unless we create a strategy to transform, how can we re-imagine our innovation processes? We talk so much about “innovation is critical” today and in our future, but is rarely achieved. We are at a crossroads of determining if the management of innovation should change and if so, how.

Change 244
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The Perfect Conditions for Entering A New Innovation Era in 2017

Paul Hobcraft

So if there was ever a time to clear the existing innovation agenda and rework the entire space for innovating, it is about to become the pressing reality as we enter into 2017. We are moving from diverging into one of converging, we are at a changeover point for innovation; let me explain each of the contributing factors but firstly, a brief overview. Any renewing needs innovation to become more central but it will be different.

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What to innovate now

Jeffrey Phillips

From new medical devices to new banking products, to new consumer appliances and more, I've worked on a number of innovation projects in a wide range of industries. Over time, as innovation has matured somewhat, many innovation consultants began to reference Doblin's Ten Types model.

Agile 256
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Reflecting on our innovation practices

Paul Hobcraft

Innovation has been rapidly changing and much of its basics have been swallowed up by some newly defining frameworks that have raced up to the top of the innovation agenda. It is right that we all respond to these but we often forget much of the rest of what innovation needs to be built upon. We fail to constantly review and re-engineer the innovation process and tend to layer more upon it, without a consistent reassessing what we are trying to achieve.

System 158
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Key Innovation Issues for 2016 and Beyond

Integrative Innovation

Hence, I gave it some thought, starting by revisting an earlier reflection: Beginning of 2013, Tim Kastelle and I identified four key issues in innovation management for the time to come. From my point of view, all of the issues pinned down at that time have gained significant importance, are being intensively debated and can still be considered cutting-edge for companies to stay ahead in managing innovation. Innovation can’t be tackled through broad-brush recipes or tools.

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Exploring the Intrapreneurial Way in Large Organizations

Paul Hobcraft

Large organisations sense they are missing out on radically different business opportunities and cast their envious eyes towards the young start-ups, not just coming up with original ideas to solve existing problems and pent-up needs, but seeing the work as potentially disruptive to those managing in the existing space. It is tapping into an internal need for everyone involved, to innovate in different and more radical ways.

Agile 133
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Exploring the Intrapreneurial Way in Large Organizations

Paul Hobcraft

Large organisations sense they are missing out on radically different business opportunities and cast their envious eyes towards the young start-ups, not just coming up with original ideas to solve existing problems and pent-up needs, but seeing the work as potentially disruptive to those managing in the existing space. It is tapping into an internal need for everyone involved, to innovate in different and more radical ways.

Agile 133
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Building a lasting innovation capability

Jeffrey Phillips

I've been asked a number of times, by companies large and small, how to create an innovation capacity that lasts. Note that what my clients are asking for is to create an innovation capacity that outlasts a product need, or market gap, or executive team member.

Culture 157
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What Did the Pandemic Teach Us About New Product Development?

Planview

In this post, you will find questions and answers from an incredibly timely and informative webinar that provided crucial new product development best practices based on lessons learned from the pandemic. Q&A from Accelerating Innovation: Lessons Learned from the Pandemic.

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So Where Is Innovation Heading?

Paul Hobcraft

I have written a fair amount about the new innovation era, offering a view on its future design. One that is jumping to a fresh cycle of innovative design. We are in the middle of it, some of you may not have noticed its impact and change but it is significant on the understanding of innovation, in it’s future design. To achieve this innovation has gone digital, pure and simple. So the need to innovate comes from digital as the source.

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10 Most Popular Innovation Management Questions

PlanBox Innovation

This article originally appeared on Innovation Leader. Launching an innovation management system does not have to be guesswork, and it is a lot easier than most organizations imagine it to be. Innovation is not a destination, it is rather a state of mind.

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Rethinking the measuring of innovation

Paul Hobcraft

I’m a little tired of the lack of original thinking that goes into measuring innovation. Leaders want to hear this, the sad true is getting a ‘decent ROI’ for innovation constructed (note constructed) is really hard. If the innovation is new to the world, how can it have a clear financial return on investment until much later? We need to appreciate new innovation balance sheet thinking. There are hard and soft measures to measuring or judging our innovation.

Report 170
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Innovation cannot expand without the 4th Industrial Revolution

Paul Hobcraft

It is equally holding a new form of innovation back, one that is highly collaborative where partners come together to work on more complex problems. The power of multiple-connected ecosystems gives innovation a completely different momentum but it needs this 4th industrial revolution to be fully operative, for a digitally connected world in manufacturing and beyond. Innovation is one powerful catalyst ripe for leveraging in this 4th Industrial Revolution.

Industry 213
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Digital transformation – the need to transform our innovation approaches

Paul Hobcraft

Add in the magic ‘need’ so innovation can benefit from this business digital transformation and we begin to shift around in our chairs even more. What would it mean if we ‘went’ digital and transformed ourselves for innovation within our organisation? I could really expand on that one but not here as I would subscribe to this myself as we need to have a dual mentality of an exploit and explore in our innovation activity.

Roadmap 159
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Digital transformation – the need to transform our innovation approaches

Paul Hobcraft

Add in the magic ‘need’ so innovation can benefit from this business digital transformation and we begin to shift around in our chairs even more. What would it mean if we ‘went’ digital and transformed ourselves for innovation within our organisation? I could really expand on that one but not here as I would subscribe to this myself as we need to have a dual mentality of an exploit and explore in our innovation activity.

Roadmap 133
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How to setup an ‘innovation team’

hackerearth

To become really innovative, your company needs a special culture, a new mindset across all levels, disciplines, and functions. As a leader, you need to introduce and promote a solid innovation framework, which will gradually become part of the normal, day-to-day business. The objectives and specific roles of the ‘innovation team’ depend on the type, size, and industry of the company. This special team needs to be strategic, tactical, agile and fast. Real Innovators.

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How to Succeed at Opportunity Discovery

Moves the Needle

There is no such thing as a one-size-fits-all “innovation” framework. Well-researched trends don’t predict disruption (nothing really does). Rather, trends keep you informed where investment should occur in the short, medium, and long term to maintain your existing markets. With an h/t to Tony Ulwick for his outcome-driven innovation process, Jobs-to-be-Done (JTBD) is a disciplined way of establishing customers’ needs in their quest to accomplish something, i.e., a job.

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Top 3 Alternative Assets for your Business Innovation Strategy

Qmarkets

With every enterprise innovation initiative, the most obvious and commonly prioritized assets are ideas. These are the backbone of innovation and can deliver amazing value, however they are ultimately only one aspect of innovation. Top 3 Alternative Innovation Assets 1.

Trends 52
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Top 3 Alternative Assets for your Business Innovation Strategy

Qmarkets

With every enterprise innovation initiative, the most obvious and commonly prioritized assets are ideas. These are the backbone of innovation and can deliver amazing value, however they are ultimately only one aspect of innovation. Top 3 Alternative Innovation Assets 1.

Trends 52
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How law firms can benefit from innovation management platform

Idea Drop

We are beginning to see more diversity in structure across the industry and this has brought innovation into the spotlight. Recent reports which have been released reveal an awareness of the necessity to embrace innovation but a reluctance to be the first to take the corresponding steps. In this post we discuss the current state of innovation in the legal sector and how law firms can benefit from an innovation strategy supported by idea management software.

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Top 8 Digital Workplace Trends for 2019

Acuvate

Most of these technologies undergo enhancements as better technologies arise leading to constant disruption. As more and more organizations evolve, innovation will continue to transform work culture and have a deep impact on today’s digital workplace environment. For example, enabling your employees to leverage the latest trend of AI-powered chatbot to dig in information from your existing intranets/applications by taking advantage of conversational interfaces.

Trends 90
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7 Habits of Highly Innovative Companies

ITONICS

Innovation. Nevertheless, many market participants still face the enormous challenge of figuring out the blend of all necessary elements and the right mix for a successful innovation process. Even fewer have persistently developed and implemented habits and processes that foster sustainable innovation. We looked at some of the most innovative companies and their unique practices and filtered out seven key habits that are applicable to business and beyond.

Company 40
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How to explore the full potential of digital transformation through innovative business models

The BMI Lab Blog

Based on her insights, we explore how established companies can execute a digital transformation successfully – and what role business model innovation plays on this journey. Digitization is the process of translating information from an analog (e.g.

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Co-creating volume 3

Innovation 360 Group

Now we start the work co-creating volume 3 of the Complete Guide to business Innovation and you are invited! INTRODUCTION TO VOLUME 3: INNOVATION SYSTEM FROM IDEATION TO GOVERNANCE. Innovators are always saying that they want to make the world a better place, so why isn’t it any better? Every one of us has full access to an infinitely varied and vastly underused resource: Innovation. Innovative thinking alone will not be able to get there, though.

Groups 40
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Co-creating volume 3

Innovation 360

Now we start the work co-creating volume 3 of the Complete Guide to business Innovation and you are invited! INTRODUCTION TO VOLUME 3: INNOVATION SYSTEM FROM IDEATION TO GOVERNANCE. Innovators are always saying that they want to make the world a better place, so why isn’t it any better? Every one of us has full access to an infinitely varied and vastly underused resource: Innovation. Innovative thinking alone will not be able to get there, though.

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What Are Innovation Solutions?

eZassi

Innovation Solutions. What Are Innovation Solutions? While we tend to think of innovation in terms of new technology, solutions can also come in the form of new types of services that offer improvements on old ways of doing things, meet previously unidentified needs or fill gaps in the market. More often, innovation solutions use technology to support and dispatch new services so that the best solutions tend to be a combination of technology and services.