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15 most important Innovation Theories your company should be using

Idea to Value

Every company says that innovation is important, and that they value the ideas of their people. In fact, creativity is becoming a core skill which companies know they need in the future. However, there are more effective ways to innovate, as you will see further down this list. So what can you do about it?

Company 248
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Opportunity cost

Idea to Value

And while it is a fundamental principle in economics and investing, it is just as important in innovation management as well. Most companies do not struggle with innovation because they have too few ideas. However, what if the company is thinking about the opportunity cost wrong?

LEAN 225
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Key Issues in Innovation Management – Revisited – Part 1

Tim Kastelle

At the beginning of 2013, Tim Kastelle and I identified four key issues in innovation management for the time to come. Let’s have a brief look at each of them: Differentiating and integrative innovation concepts. Reinvention through business model innovation. Let’s remind: One size does not fit all.

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Business Model Innovation: 5 Frameworks for Success

Qmarkets

What Is Business Model Innovation? A business model outlines how a company creates, delivers, and captures value. Business model innovation involves changing these aspects significantly to respond to shifts in the market, technology, or customer preferences. Blue Ocean Strategy Blue Ocean Strategy , formulated by W.

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Lean Innovation Management – Making Corporate Innovation Work

Steve Blank

I’ve been working with large companies and the U.S. government to help them innovate faster– not just kind of fast, but 10x the number of initiatives in 1/5 the time. —– Lean Innovation Management. Companies or Government agencies pursuing innovation can Buy, Build, Partner or use Open Innovation.

LEAN 49
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Innovation Management in 2023: Venture Building & Scaling

Innov8rs

As part of our recent The Innovator’s Handbook 2023 launch event, we discussed this (and more) with Frank Mattes (CEO at Lean Scaleup), Sean Sheppard (Managing Partner at U+), and Susana Jurado (Head of Wayra Builder at Telefónica). Why can it be so hard for corporates to launch substantial new businesses?

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Recognizing the Building Blocks of Innovation

Paul Hobcraft

Over the years, so much has improved and understood by the explanations, case examples, suggestions, clarifications and ways they were “built into” the individual innovation processes that each company chose to construct their innovation process.