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Digital transformation marks the demise of product innovation

Jeffrey Phillips

We are warned that we are close to the tipping point for global warming, for example, where more carbon dioxide in the atmosphere may result in weather and climate changes that create catastrophic change in the weather, sea levels and other factors. I'm going to stipulate that the business cycle and innovation are at a tipping point.

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Do you know how much your customers needs have changed?

Jeffrey Phillips

Previously, I wrote that companies will need to focus on business model and process innovation over product innovation. COVID didn't just stretch us, it pummeled us, isolated us, contained us, and in many ways changed us. For others, it changed focus and priority. How have their behaviors changed through COVID?

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Five Product Innovations that Evolved Over Time

IdeaScale

The product innovations that generate the most excitement and public interest are the disruptive innovations. However, these innovations aren’t that common. The most successful, innovative companies strike a balance between core, adjacent, and transformational initiatives.

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12 Types of Innovation You Should Know in 2021

IdeaScale

Process innovation is the development and application of technology, production method, or method of delivery that’s newly introduced or improved to a notable degree. This includes changes in technique, equipment, or software that help an organization remain competitive in the marketplace. Product Innovation.

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Measuring Innovation Performance

Why do only a third of the organizations worldwide have formal innovation metrics in place despite accepting that innovation is critical to survival? Download this eBook to learn about the 5 basic principles that guide every successful innovation process.

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Mastering the Art: Using Organizational Culture for Business Agility and Resilience

Leapfrogging

A culture that is adaptable, innovative, and collaborative can better withstand market fluctuations and respond to challenges swiftly and effectively. Conversely, be honest about the elements that are hindering your agility and resilience, such as resistance to change, lack of innovation, or poor communication.

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Does the Stock Market Inhibit Innovation?

Destination Innovation

Bernstein says that, ‘going public causes a substantial decline of approximately 40 percent in innovation novelty as measured by patent citations.’ At the same time, he found no change in the scale of innovation, as measured by the number of patents. This helps drive innovation.

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