Innovation Excellence

SEPTEMBER 17, 2015

Business banter talks a lot about “the process for innovation,” which is usually referenced in the singular and stated definitively, leaving most business leaders scratching their heads. It makes us think that there is one correct process, the secret sauce that top companies have and follow.

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Jeffrey Phillips

JULY 21, 2021

Note that this is NOT a bad question to ask, because investors are constantly watching the effectiveness of the management team and want to see companies hitting their numbers. Perhaps the question we should be asking is: what is the cost of delaying innovation? What do companies that fail to invest in innovation miss?

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ITONICS

MAY 14, 2018

It is the lifeblood of our global economy, a survival skill and a strategic priority for any company worldwide. 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. Fail forward.

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Jeffrey Phillips

FEBRUARY 14, 2018

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. Too few companies have a good understanding of the 'front end' and the important activities and processes, but many can stumble through.

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Innov8rs

MARCH 4, 2023

Your Employees Are Your Users Founded in 1994, the German railway company Deutsche Bahn today employs over 300,000 people. Deutsche Bahn Company has been investing in existing startups since a few years ago, enhancing its portfolio and accessing new digital business opportunities through its Corporate Venture Fund.

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Jeffrey Phillips

OCTOBER 25, 2021

Since I am an innovation consultant, working with Fortune 500 companies to build innovation capacity, and I regularly blog on this site about innovation topics, I often have the opportunity to review new books about innovation. This process is interesting and helpful.

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Articles from GroundControl

DECEMBER 7, 2018

Apart from the well-known adagium, it is the most common answer I get when talking to companies about their most urgent reasons to innovate. “We For most companies, it is that pain of realizing that the product lifecycle also has an end (or renew phase). What does innovation mean in your company? We need to!

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IM Insights

OCTOBER 9, 2023

. … All these innovations were introduced with positive aspirations in mind, whether it was improving productivity, ensuring convenience, or addressing challenges. However, each has posed new dilemmas, bringing to the forefront the ethical and long-term considerations that are not necessarily embedded in the innovation process.

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Jeffrey Phillips

JUNE 15, 2017

What rationale do innovators have to work on interesting or disruptive ideas if they have no stake in the outcome? We ask them to take risks through the innovation process for a small reward or some recognition if the idea succeeds, and the potential they might lose their job if the innovation fails.

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Jeffrey Phillips

AUGUST 13, 2021

At the time I was writing this post, I was concerned that too many companies were under too much pressure to speed up their innovation activities and generate some interesting new ideas. Otherwise, speed can kill an innovative idea. The problem with that speeding up concept was that most companies were starting from zero.

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Qmarkets

SEPTEMBER 19, 2023

Open innovation is a core strategy for transformative growth amongst a growing number of enterprise companies around the world. The days of boardrooms and R&D departments keeping innovation under lock and key are waning, as companies are increasingly preferring a more collaborative approach with startups and other external parties.

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Innov8rs

NOVEMBER 27, 2023

Autonomous Innovation leverages artificial intelligence to supercharge the innovation process, making it faster, more efficient, and at times even self-directed. What is Autonomous Innovation? Companies are able to serve consumer needs before they can formulate them.

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Jeffrey Phillips

FEBRUARY 4, 2020

I've written previously about having a bias for innovation in your culture , seeking and finding important and unmet needs or opportunities , and introducing discovery and exploration in your innovation process. Agile, lean and rapid methodologies meant to accelerate the innovation cycle?

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Qmarkets

APRIL 17, 2024

Discontinuous innovation represents a seismic shift in how industries function and evolve. By definition, it refers to the introduction of groundbreaking products or services that fundamentally change market dynamics, often rendering existing solutions obsolete.

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Qmarkets

SEPTEMBER 12, 2023

Open-source innovation (or simply ‘open innovation’) is developing into a core strategy for transformative growth amongst enterprise companies around the world. We caught up with the founder and CEO of AccelIQ Digital, Ariana Smetana, to find out more about the business and its approach to open-source innovation.

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Jeffrey Phillips

MARCH 15, 2016

The guy who stole a march on Ford, and really defined the automobile company structure that we have today was William Durant. While Ford grew rich on the Model T, his company grew stagnant and failed to understand the wants and needs of customers. Instead of cars, they are working on innovations. What's the Need?

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Paul Hobcraft

AUGUST 24, 2022

.” Recently in Stanford Social Innovation Review, an article on the “ Adoption of Innovation ” by Benjamin Kumpf & Emma Proud is well worth the read as adopting any innovation process is a tough, slow one. Each of these needs a definitive engagement process by the business platform provider.

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Mike Shipulski

JULY 19, 2017

With regard to tools and processes, the right next steps are not universal. But with all companies’ innovation processes, there is a common factor – the innovation process is run by people. Regardless of process maturity or completeness, people run the process. And again, minimize the words.

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IdeaScale

MAY 23, 2017

If you look at the history of innovation, change — especially enormous, socially altering change — has been greeted with fear more often than joy. A better way, for most companies, might be “Think smartly and act quickly.” One of the key problems in any company is having a rapid process.

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Jeffrey Phillips

AUGUST 4, 2015

This shouldn't be surprising, since incremental innovation is more predictable and less costly. Still poorly defined We also asked you about the definition of the "front end" of innovation. Corporations are still struggling with a zero defects mentality in a time when experimentation and innovation WILL create failures.

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Strategyzer Innovation

JUNE 17, 2019

During our 2019 Bootcamp last week, we had the pleasure of hosting Anton Affentranger, former CEO of Implenia, a European construction company with CHF3.8BN in revenues. Alex and Anton discussed innovation within the context of an existing organization. Innovation investments however need to be expensed through the P&L.

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CREATORS

JUNE 21, 2020

Since innovation became a buzzword in every industry, I find many people confused about the objectives of innovation, what is considered to be innovative and what is the role of the people who lead innovation processes in their organizations. Many words were dedicated to defining what is innovation.

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PlanBox Innovation

MAY 10, 2022

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 by definition is very different from typical business processes, and it should be in a constant state of flux.

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Innov8rs

FEBRUARY 10, 2023

Innov8rs | Amidst today's uncertain economic conditions, organizations struggle to meet their innovation mandates. By definition, innovation involves continuous reinvention. Designing an innovation process is like planning a journey: identify your starting place, points of interest, and destination.

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Jeffrey Phillips

APRIL 29, 2015

Also embedded in this idea is the concept that people must be trained on innovation tools and processes. A definition of innovation. What is innovation for your company? Without these shared definitions, people will define their own scope and outcomes, and will usually revert to conservative definitions.

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Yet2

MARCH 18, 2021

Look to products that might not have been a perfect fit before but can be adapted to the moment while you start the direct innovation process. They were good solutions, fit scope, and were definitely actionable. Stay Committed to Innovation. The post Six Insights for Innovating Amid Disruption appeared first on yet2.

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IdeaScale

MARCH 28, 2017

When playing the role of culture creator, the leader’s primary task is to ensure the spirit of the innovation process is understood, celebrated, and aligned with the strategy of the organization. The importance of fostering beliefs and behaviors that encourage innovation within your team and organization cannot be overstated.

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Paul Hobcraft

AUGUST 7, 2015

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.

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BrainZooming

MARCH 31, 2020

That recommendation came from my own experience at a transportation company where I’d inherited the marketing department during a labor strike. We’ve always preached that the definition of strategic doesn’t include a time component. Prioritize Strategic Issues. Ask (and re-ask) what matters right now, in a month, and two months.

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100%Open

JULY 7, 2020

The first one was a simple get-to-know-me exercise, where each participant was asked to write their names, companies, and their Give/Get. The second breakout session was around the topic of how to fashion a new innovation process, exclusively online. Now that’s definitely a first.

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Cris Beswick

APRIL 16, 2024

However, for every Steve Jobs or Elon Musk who has famously steered their companies through the maelstrom of change, countless unsung leaders, often within the more traditional corporate structures, want to cultivate the culture that innovation requires within their organisation.

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Leapfrogging

FEBRUARY 28, 2024

Leveraging Data Analytics for Problem Definition Data analytics, powered by AI, can transform raw data into actionable insights. The Define stage, bolstered by AI, becomes a more precise and evidence-based process. To learn about the tools that can aid in this process, visit AI tools for design thinking.

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Jeffrey Phillips

DECEMBER 1, 2015

Without a good pipeline of new solutions, the old solutions become more important, so companies look for methods to extend product life and add a few new features to existing products. This crowds the product development process and eliminates room for new concepts to enter. Third, a pipeline reason.

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hackerearth

MAY 4, 2017

This article builds the case for managing creativity and innovation with a similar discipline and rigor as any other management function, and the way more successful firms manage to manage innovation. Let me start by clarifying the difference between creativity and innovation. Figure 1: Innovation process map (Courtesy: IDEO).

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IdeaScale

JUNE 26, 2018

Although some customers will introduce some initial criteria or questions, this is the most open part of the innovation process where any idea can be shared, built on, and inspire others. Refinement. Start by sending one email and then try numerous other channels, messages, and times to reach your audience as well.

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Jeffrey Phillips

APRIL 14, 2015

It's definitely time to pick up the pace and learn to operate at speed. When the speed is too slow There are a number of factors that limit innovation speed, most important among them a lack of experience or familiarity with tools, a need for perfection and elimination of risk, and long decision cycle times.

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Qmarkets

MARCH 24, 2021

While each approach has its own unique advantages and disadvantages, this blog will share the best practices we have witnessed first-hand as being vital to the success of any innovation program. The definition of an innovation program can sometimes differ, so before we dive in let’s clarify what we mean when we use this term.

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