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Innovate your processes before innovating your products

Jeffrey Phillips

I was leading an innovation training session, talking about the reasons for conducting trend spotting and scenario planning prior to idea generation. No matter how good your ideas are today, most firms cannot hope to realize them as new products or services for months or years.

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Choosing the right innovation approach for your business

hackerearth

Internal innovation can happen through R&D teams, innovation management teams, business development teams, and employees. It is easier to ensure and manage a steady flow of ideas in small companies or startups. Innovation entails skills, competencies, and insights that can be from inside-out or outside-in.