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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. So the need to innovate comes from digital as the source. It will fundamentally change the type of resources innovation requires.

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The core principles of Leading FOR Innovation

Cris Beswick

By dedicating 70% of resources to core innovation (Horizon 1) (aka continuous improvement, aka incremental innovation), 20% to adjacent innovation (Horizon 2) (aka differentiated innovation), and 10% to transformational innovation (Horizon 3) (aka disruptive or radical innovation), organisations can ensure a balanced portfolio approach.

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Choosing your direction of travel

Paul Hobcraft

They are not yet at the point of being digitally effective to turn what they have into real competitive advantage as they lack the capabilities in big data analysis and those algorithms that reveal ground-breaking innovations, Are they hanging on in the belief they will become digitally transformed eventually or just deluding themselves?

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Spotting Innovation Opportunities

ITONICS

The other side of the opportunity space is shaped by the internal potential of a company, i.e. the innovation culture, the departments’ and employees’ knowledge and information about previous failures or learnings. They all more or less describe a field or way of how to spot opportunities for disruptive innovations.

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Do you have an Artificial IntellIgence Strategy – or are you JUST pretending TO?

Innovation 360 Group

Innovation is about gaining, sustaining, and using market advantages for as long as possible while, at the same time, learning in preparation for future situations—all while not knowing exactly whether, when, or how that new learning will be used. Innovation is about preparation.

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Do you have an Artificial IntellIgence Strategy – or are you JUST pretending TO?

Innovation 360 Group

Innovation is about gaining, sustaining, and using market advantages for as long as possible while, at the same time, learning in preparation for future situations—all while not knowing exactly whether, when, or how that new learning will be used. Innovation is about preparation.

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PLAYING IT SAFE IS THE MOST DANGEROUS THING YOU CAN DO

Innovation 360 Group

In 2018, our team analyzed, under the leadership of Magnus Penker and Dr Soo Beng Khoh, survey data from 2,900 companies in 105 countries, collected over a 52-month period. The post PLAYING IT SAFE IS THE MOST DANGEROUS THING YOU CAN DO appeared first on Innovation Consultant | Innovation 360 | Home Of Innovation.