Legacy Innovation Group

APRIL 1, 2019

When Disruptive Innovation Gets Disrupted. Your organization has conceived the perfect idea for a new product innovation. In fact, it will be the most disruptive innovation in this product category in decades. It must be a very poorly managed company you think. Not true you think.

Disruption 40

Disruption Innovation Technology System 40

Leapfrogging

FEBRUARY 9, 2024

Understanding Corporate Venture Capital (CVC) Defining Corporate Venture Capital Corporate Venture Capital (CVC) refers to the investment of corporate funds directly into external startup companies. The Role of CVC in Corporate Growth and Innovation CVC plays a pivotal role in driving corporate growth and fostering innovation.

Strategy 100

Strategy Strategy Technical Review Agile 100

IdeaScale

MARCH 28, 2019

Business model innovation is a fundamental restructuring of the beliefs that underlie existing ways that businesses create value. To a greater extent than product innovation, business model innovation forces rethinking of core beliefs about how businesses operate. Why Are Businesses Wary of Business Model Innovation?

Competition 174

Competition Video Disruption Innovation 174

Jeffrey Phillips

SEPTEMBER 14, 2021

But recognizing, validating and implementing new ideas IS hard, and this is why innovation will always be the strange uncle corporations keep in the attic. Every company wants more innovation, to drive better revenue, profits and market share. Innovating once is easy, innovating consistently over time is difficult.

Agile 157

Agile Innovation Marketing Culture 157

IdeaScale

SEPTEMBER 12, 2018

Some companies have an innovation strategy. Some companies have a digital transformation strategy. Innovation. Innovation is the introduction of any significant, positive change. This can be changes in public policy, small improvements to a company’s processes, totally new, disruptive product offerings, and more.

Policies 206

Policies Innovation Strategy Strategy 206

mjvinnovation

NOVEMBER 12, 2020

For many companies, innovation means taking products and services and changing them in detail: color, shape, features, size, etc. However, this form of incremental innovation alone does not work anymore in many markets. Types of innovation. Performance innovation: a new idea for a well-known market.

Company 40

Company Innovation Radical Innovation Competition 40

IdeaScale

MAY 28, 2019

Companies in every industry are accepting that complacency and failure to innovate are tantamount to negligence. Failing to innovate can cause even a large established business to lose ground to competitors that more fully embrace innovation. It requires more than just saying “Innovation is good.”

Leadership 164

Leadership Innovation Training Crowdsourcing 164

Jeffrey Phillips

DECEMBER 11, 2019

Of the people I've talked to over the last six weeks, a blend of innovation consultants, analysts and corporate practitioners, most feel that innovation as a concept is reaching maturity. That is, many companies believe that the capability to innovate is becoming a commodity inside businesses.

Artificial Inteligence 147

Artificial Inteligence Agile Disruption Company 147

Jeffrey Phillips

DECEMBER 16, 2016

At this point in business evolution, every CEO understands the need for more innovation. After a decade of reading about it, getting pounded over the head with the Jobs/Apple story and watching new innovations disrupt entire industries, businesses are starting to react. Innovation does require creativity and expansive thinking.

Roadmap 130

Roadmap Underperforming Technical Team Disruption Innovation 130

Innovation Excellence

JULY 20, 2016

At the recent ISPIM conference, I sat in several presentations ostensibly describing approaches to disruptive innovation when, in reality, it was difficult to see what (a market or a company) was actually being disrupted. They were really talking about breakthrough or radical innovation.

Disruption 40

Disruption Radical Innovation Conference Marketing 40

Jeffrey Phillips

NOVEMBER 27, 2018

Whole product (1.0) It turns out that most of the market prefers well-conceived and fully developed solutions rather than core technologies. When the technology is finally wrapped in the additional features, services, offerings and data that make up a "whole product" then the vast majority of the market is willing to acquire.

Technology 174

Technology Data Tips Product Innovation 174

Jeffrey Phillips

JANUARY 7, 2019

I wrote my obligatory look back at 2018 article on innovation recently, so it is natural that we should turn our attention to where innovation will take us in 2019. In the 2018 review I made some disparaging remarks about Apple, which may or may not have caused it to lose a tremendous amount of market capitalization.

Innovation 203

Innovation Data Product Innovation Strategy 203

Qmarkets

JANUARY 17, 2023

For vehicle manufacturers and service providers in the global transport industry right now, innovation isn’t so much optional as existentially vital. In this blog, we’ll explore some of these trends and make a case for an effective innovation management program to capitalize on them. Take sustainability.

Industry 98

Industry Trends Innovation Technology 98

eZassi

OCTOBER 17, 2023

By fostering intrapreneurship within your organization, you stimulate the development of disruptive ideas and invest in a collaborative work environment. The organization’s collective intelligence is multiplied, leading to more innovative outcomes and solutions to your biggest challenges.

Software Review 52

Software Review Technical Review Innovation Management Software 52

Jeffrey Phillips

AUGUST 15, 2017

That means that new innovations may be more intangible, psychological, emotional, notional - but there are as many opportunities there as there are in tangible innovations, if not more so. When multiple factors are changing, disruption is easier to accept. After all, this isn't a 'glass half empty, glass half full' conundrum.

Disruption 133

Disruption Industry Culture Course 133

Strategyzer Innovation

MAY 20, 2019

Investments in R&D to foster technology, science or product innovation are just the first steps towards success. The hard part of innovation is achieving market success with the technology and products we invent. Having great new technologies and products certainly doesn’t guarantee immediate returns.

Innovation 58

Innovation Product Innovation Technology Strategy 58

Paul Hobcraft

MARCH 23, 2019

They have had a model of a constant growth success for years but it is getting harder as the market is fragmenting and looking for greater flexibility within the range of solutions. The IM software market is stirring. They want to navigate the new world order of digital disruption. For me, Sopheon has the right vision.

Innovation Management 200

Innovation Management Management Software Review Software 200

Jeffrey Phillips

MARCH 23, 2016

The Accenture article goes to great lengths to note that "US executives are unrealistic in believing they have the capabilities they need to achieve their bold innovation goals". The authors go on to suggest that "a significant gap exists between what companies want to do in the area of innovation and what they are able to do".

Survey 100

Survey Disruption Innovation Engagement 100

Jeffrey Phillips

FEBRUARY 10, 2016

Whether we think about some of the original corporations (like those that governed the tea trade in India and England) or more modern corporations like the US automobile companies or banks, the prevailing wisdom has been to grow large and use size, mass and reach to defeat other competitors. Absolutely not.

Underperforming Technical Team 100

Underperforming Technical Team Innovation Disruption Competition 100

Paul Hobcraft

SEPTEMBER 2, 2018

Still, the hockey stick of benefits has not kicked in yet – while all companies are making efforts to adopt technology, most of the production industry (~70%) remains in pilot purgatory (where technology pilots last for extended periods of time, and companies do not take the final step of scaling up viable technologies).

Industry 213

Industry Technical Review Design Innovation 213

Jeffrey Phillips

JUNE 16, 2021

Again, Pareto raises his head to say less than 20% of your people are even reasonably prepared to do interesting innovation work. I am talking about Horizon 2 and Horizon 3 (transformative and disruptive innovations), which of course can come in a variety of types - Doblin identifies ten types of innovation.

Innovation 144

Innovation Trends Survey Course 144

Jeffrey Phillips

FEBRUARY 16, 2016

So many companies make so many claims about innovation, and yet so few are really, deeply engaged in innovation. In the next decade we'll say goodbye to some of the firms who are talking about innovation but aren't exercising the muscles. Disruption and market transformation will occur (will?

Innovation 100

Innovation Brainstorming Disruption Engagement 100

Jeffrey Phillips

FEBRUARY 5, 2018

There's an old marketing adage that you sell the sizzle, not the steak. I wonder, as I watch Super Bowl television ads, how many marketing people have forgotten the basic tenets of their craft. So I have to tread the razor's edge here when I say increasingly corporate innovation looks a lot like Super Bowl advertising.

Marketing 113

Marketing Innovation Processes Tools Trends 113

Paul Hobcraft

MAY 22, 2017

As many of our business organizations seek to optimize their processes across the company, they are constantly reaching more outside to gain growing partnerships and greater innovation interactions. They are looking to complement and reinforce existing capabilities through more open innovation thinking and approaches.

System 159

System Collaboration Innovation Design 159

Jeffrey Phillips

JUNE 30, 2015

Take innovation for example. No matter where you turn companies and experts are creating all sorts of innovation dichotomies. Products or services? Incremental or disruptive? On the other hand, very little innovation in corporate levels is focused on transformation or disruption.

Innovation 100

Innovation Disruption Competition Agile 100

Qmarkets

JANUARY 17, 2023

For vehicle manufacturers and service providers in the global transport industry right now, innovation isn’t so much optional as existentially vital. In this blog, we’ll explore some of these trends and make a case for an effective innovation management program to capitalize on them. Take sustainability.

Industry 52

Industry Innovation Trends Technology 52

Tim Kastelle

MARCH 7, 2016

From our point of view, all of the issues pinned down at that time have gained significant importance, are being intensively debated and can still be considered cutting-edge for companies to stay ahead in managing innovation. Let’s have a brief look at each of them: Differentiating and integrative innovation concepts.

Innovation Management 100

Innovation Management Management LEAN Technical Review 100

Qmarkets

AUGUST 26, 2021

Here a few benefits that organizations are most likely to achieve from innovation: Competitive Edge There are many examples of new businesses taking over the market and killing their competitors, but perhaps one of the most well-known is Blockbuster vs. Netflix. “In But what’s most important is they’re frequent.’

Innovation Programs 98

Innovation Programs Innovation Technical Review Open Innovation 98

Qmarkets

AUGUST 26, 2021

Here a few benefits that organizations are most likely to achieve from innovation: Competitive Edge There are many examples of new businesses taking over the market and killing their competitors, but perhaps one of the most well-known is Blockbuster vs. Netflix. “In But what’s most important is they’re frequent.’

Innovation Programs 95

Innovation Programs Innovation Open Innovation Technical Review 95

Legacy Innovation Group

APRIL 1, 2019

Seven Roads of Innovation–Based Growth. It might be a matter of finding new markets, even creating new markets, or just finding new space in your current markets through new technology and products. ROAD #1 — PRODUCT INNOVATION & BUSINESS MODEL INNOVATION. And it's unrelenting.

Innovation 40

Innovation Marketing Technology Disruption 40

Jeffrey Phillips

JANUARY 29, 2016

This is both exciting and terrifying at the same time, because innovation needs to move beyond product innovation, but there comes a time when the reach far exceeds the grasp, and innovation goals or targets become unreasonable. I'm actually glad to see the increasing focus on innovation other than product innovation.

Innovation 100

Innovation Technical Review Product Innovation Industry 100

Innov8rs

MARCH 4, 2023

Innov8rs | Without a well-established innovation capability, continuous innovation is nearly impossible. Most corporates can innovate occasionally and be successful in doing so. Yet sporadic innovation is not enough to keep up with changing markets and evolving demanding customer needs.

How To 59

How To Underperforming Technical Team Innovation Culture 59

Board of Innovation

JUNE 6, 2022

Companies need to provide what life needs next, so their businesses can endure and grow. They know that their customers will be on the lookout for products and services that make their lives better – more efficient, more rewarding, and better aligned with their lifestyles, values and aspirations.

Generative AI 56

Generative AI Design Strategy Strategy 56

Planview

JULY 15, 2022

The information collected in these Q&As will act as valuable assets for anyone wanting to make clear the real need for more adaptive product development and to show that an accelerated process is still highly possible, even in the face of consistent disruptions. From: [link] rs/).

Product Development 52

Product Development Agile LEAN Survey 52

Jeffrey Phillips

FEBRUARY 1, 2016

I saw this one on why the financial services, especially banks, lack a culture of innovation. Having several large financial institutions as innovation customers, I can tell you that any company with a "risk" department struggles with innovation, and the same is true for highly regulated companies or industries.

Disruption 100

Disruption Innovation Culture Tips 100

Jeffrey Phillips

NOVEMBER 4, 2016

Every company wants to innovate, and further they desire that the limited innovation they accomplish succeed wildly. This is of course whistling past the graveyard, as most innovations, like most venture capital investments, won't return the initial investment.

Data 100

Data Product Innovation Technology Marketing 100

Jeffrey Phillips

NOVEMBER 4, 2015

For years people have debated the reasons why some companies innovate and others don't. To some extent, the business models and corporate strategies dictate where and how much innovation is done. For example, when I worked at Texas Instruments, the strategy was to drive costs out of products that other firms created.

Innovation 100

Innovation Strategy Strategy Management 100