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

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. Besides, due to digital transformation, companies also need to develop more digital business models.

Company 40

Company Innovation Radical Innovation Competition 40

The BMI Lab Blog

JUNE 29, 2022

However, very few managers are able to explain their company’s business model ad-hoc, and even fewer can define what a business model actually is in general. The number of companies, which have established dedicated business model innovation units and processes is even lower. Magretta 2002).

Technical Review 52

Technical Review Radical Innovation Disruption Innovation 52

Destination Innovation

AUGUST 21, 2016

Incremental innovation is an improvement in an existing thing (e.g. Radical innovation is finding an entirely new way of doing something. For example if you had been making spectacles in the 1950s then plastic lenses instead of glass lenses would have been an incremental innovation. Channel – how you get to market.

Radical Innovation 100

Radical Innovation Innovation Disruption Collaboration 100

Paul Hobcraft

OCTOBER 1, 2018

When they are constantly scanning reports on the “state of innovation” it can often lull them, to give some that warm glow, others quickly being dismissive, disregarding many of the key messages as “not applicable to me”. Then disruption suddenly hits. So where does innovation sit within your organization?

Report 212

Report Innovation Survey Disruption 212

Cris Beswick

APRIL 16, 2024

At the helm of this radical evolution stand leaders who are pioneers, visionaries, and, most importantly, adept at catalysing novel ideas into reality. Leaders who champion innovation understand its role in driving competitive advantage, increasing market share, and, often, creating entirely new markets.

Innovation 59

Innovation Culture Creativity Disruption 59

Paul Hobcraft

MARCH 27, 2018

Many companies are still in denial or not wanting to address the significant legacy and change required. Innovation has gone from being islands of knowledge, developing new products and services exclusive to that one company, then quickly copied by the competitors, into something radically different.

Innovation 186

Innovation Radical Innovation Design Big Data 186

The BMI Lab Blog

AUGUST 3, 2017

Should I choose an incremental innovation path? Or should I rather look for a radical, or disruptive, approach? Incremental innovation This is a common approach in many established companies, which focus on creating new products and services, with several goals: To grow sales and profits for existing products and services.

Radical Innovation 60

Radical Innovation Innovation Marketing Disruption 60

Jeffrey Phillips

SEPTEMBER 11, 2017

This means innovation will be focused on items and attributes around the periphery - messaging, packaging, claims, rather than interesting or radical innovation of the product or solution. Another approach is to use innovation to ferret out efficiency gaps.

Creativity 161

Creativity Innovation Disruption Product Development 161

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

Ankush Chopra

FEBRUARY 11, 2019

If you ask someone the question “which function drives innovation in a company?”, But as you start digging deeper, additional responses will be Marketing, Supply Chain, Engineering, and Information Technology drive innovation. ”, the most likely response will be R&D.

Resources 43

Resources Radical Innovation Innovation Disruption 43

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

Innovation 360 Group

MAY 29, 2016

A fter collecting and studying innovation data from over 1,000 companies in 62 countries, I’m often asked whether Small and Midsize Enterprises (SME) are more innovative and entrepreneurial than larger corporations. Horizon 2 (H2) is about expanding and building new business (the next S-Curve) through innovations.

Company 40

Company Radical Innovation Leadership Study 40

Innovation 360

MAY 29, 2016

A fter collecting and studying innovation data from over 1,000 companies in 62 countries, I’m often asked whether Small and Midsize Enterprises (SME) are more innovative and entrepreneurial than larger corporations. Horizon 2 (H2) is about expanding and building new business (the next S-Curve) through innovations.

Company 40

Company Radical Innovation Leadership Study 40

Innovation 360 Group

MAY 21, 2020

Often it is misused as a framework for assessing a specific market or even an organization itself. PESTLED illuminates current influences, but more importantly, it alerts you to rapidly approaching changes and market dynamics across industries. It illuminates connections in the data so you can begin to defend your market value.

Radical Innovation 69

Radical Innovation Artificial Inteligence Data Analysis 69

Tim Kastelle

APRIL 30, 2016

Let’s sum up some relevant findings of these studies, making the case for dual innovation management: BCG: Most Innovative Companies 2014 . Similarly, about 70 percent of disruptive innovators also lean toward a more centralized approach. Accenture: 2015 US Innovation Survey.

Disruption 100

Disruption Innovation Survey Study 100

Integrative Innovation

MARCH 16, 2014

The corresponding integration of incremental and radical innovation can basically be achieved in different ways: Building ambidextrous and lean startup capabilities. Established organizations with larger size usually target at extending their core business by incementally innovating their existing business model.

Radical Innovation 83

Radical Innovation LEAN Underperforming Technical Team Disruption 83

Wazoku

APRIL 5, 2018

The innovation spectrum. Innovation is not one specific thing, it is a spectrum. It can start with small, incremental changes and expand to radical innovation, creating brand new solutions or disrupting an entire industry. How to move up the innovation spectrum? Incremental. Differentiated.

Radical Innovation 45

Radical Innovation Innovation Innovation Processes Brainstorming 45

Innovation 360 Group

MAY 21, 2020

Innovation 360 has used this framework in many assignments and has often seen it misused as a framework for assessing a specific market or even the organization itself. PESTLED can illuminate current influences, but more importantly, it can alert you to rapidly approaching changes and market dynamics across industries.

Radical Innovation 52

Radical Innovation Artificial Inteligence Data Industry 52

Idea to Value

JULY 21, 2017

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

Company Underperforming Technical Team Brainstorming Design Thinking 248

ITONICS

JULY 30, 2018

So why is it so very important to take this upstream step in the innovation process? Having only one good idea won’t help companies to survive. If a company focuses on incremental innovation and simple stage-gate ideation processes only, it won’t keep up in the long run. The Innovator’s Dilemma.

Underperforming Technical Team 40

Underperforming Technical Team Disruption Innovation Big Data 40

Innovation 360 Group

SEPTEMBER 22, 2019

Companies disappear all the time without a word, due to changing cultural values, changing technology, or changing audience demographics. That’s precisely what you have to do if you want your company to survive. One , these companies operated in highly regulated markets. Are you safe?

Technical Review 40

Technical Review Disruption Industry Technology 40

Paul Hobcraft

MAY 18, 2016

Innovation is a learning process not to be confused with a safety procedure, both can be effectively managed and different in their treatment. Equally we have learnt innovation evolves due to this learning process and how ‘it’ interacts with customer needs. As a result, promising ideas are often smothered.

Innovation 133

Innovation Guidelines Learning Management 133

Innovation 360 Group

FEBRUARY 24, 2018

How can business leaders plan for business continuity in the face of a volatile, unpredictable global climate frequently rocked by disruptive tech and the sudden appearance of competitors from unexpected quarters? Innovation360 has identified are three levels of change management essential for creating a culture of innovation.

Change 51

Change Management Underperforming Technical Team Case Study 51

Paul Hobcraft

MAY 18, 2016

It can still come under the broad risk umbrella but judging innovation risk is utterly different from organizational strategic risk. Innovation is a learning process not to be confused with a safety procedure, both can be effectively managed and different. Moreover, the tools commonly used to support the process exacerbate the problem.

Innovation 133

Innovation Guidelines Learning Management 133

Integrative Innovation

JUNE 15, 2017

This is also one of the key questions that companies we’ve been working with are raising more frequently. It differs from corporate venture capital, which predominantly pursues financial investments in external companies. Consequently, the opportunist approach is undependable for many companies. What is Intrapreneurship?

Entrepreneurship 92

Entrepreneurship Innovation Culture Disruption 92

Qmarkets

APRIL 24, 2017

These gurus were directly interacting with companies of all industries, mainly in the US and were offering access to new benchmarks. One of the challenges we must overcome is that technology and radical innovations are still considered as the only "true innovations". Merging Theory and Practice. Pitfalls to Avoid.

Innovation Programs 56

Innovation Programs Software Review Technical Review Innovation 56

hackerearth

MARCH 28, 2018

Innovation is the key to gaining and sustaining competitive advantage, especially in today’s fast-paced, tech-fueled business ecosystem. Traditionally, many organizations used their own knowledge monopoly to innovate and deliver dominant technologies and products to the market. Benefits of co-innovation.

Open Innovation 68

Open Innovation Survey Collaboration Innovation 68

Innovation 360 Group

SEPTEMBER 30, 2017

Innovation and Artificial Intelligence. Innovation is about gaining, sustaining, and using market advantages for as long as possible while, at the same time, learning in preparation for future situations—all while not knowing exactly whether, when, or how that new learning will be used. Strategy for getting ready.

Artificial Inteligence 40

Artificial Inteligence Strategy Strategy Leadership 40

Innovation 360 Group

SEPTEMBER 30, 2017

Innovation and Artificial Intelligence. Innovation is about gaining, sustaining, and using market advantages for as long as possible while, at the same time, learning in preparation for future situations—all while not knowing exactly whether, when, or how that new learning will be used. Strategy for getting ready.

Artificial Inteligence 40

Artificial Inteligence Strategy Strategy Leadership 40

Integrative Innovation

APRIL 7, 2016

Let’s sum up some relevant findings of these studies, making the case for dual innovation management: BCG: Most Innovative Companies 2014 . Similarly, about 70 percent of disruptive innovators also lean toward a more centralized approach. Accenture: 2015 US Innovation Survey.

Disruption 40

Disruption Innovation Survey Study 40

Integrative Innovation

OCTOBER 23, 2014

Business model innovation (BMI) is becoming ever more important as it turns out increasingly difficult for companies to differentiate based on products and services alone. Moreover, a business model has to fit a company’s unique combination of strategy, culture and competencies in order to succeed.

Innovation 78

Innovation Disruption Marketing Project 78

Innovation 360 Group

MAY 10, 2016

– In todays globalized and digitalized world, Innovation capability is emerging as the most crucial success factor for companies that wants to master sustainable growth and profitability! Never before has boards and board members faced a larger challenge than todays need for effective linking between innovation and corporate strategy.

Leadership 40

Leadership Radical Innovation Underperforming Technical Team Innovation 40

Qmarkets

JULY 8, 2017

These gurus were directly interacting with companies of all industries, mainly in the US and were offering access to new benchmarks. One of the challenges we must overcome is that technology and radical innovations are still considered as the only "true innovations". Merging Theory and Practice. Pitfalls to Avoid.

Innovation Programs 40

Innovation Programs Software Review Technical Review Innovation 40

Steve Blank

NOVEMBER 11, 2014

In the 20 th century corporate skunk works ® were used to develop disruptive innovation separate from the rest of the company. They were the hallmark of innovative corporations. By the middle of the 21 st century the only companies with skunk works will be the ones that have failed to master continuous innovation.

Disruption 35

Disruption Groups Radical Innovation Culture 35

hackerearth

MAY 12, 2017

And here’s a good one: Executing an idea which addresses a specific challenge and achieves value for both the company and customer. Companies are leaving no stone unturned in their attempts to drive innovation, be it radical, incremental, or breakthrough. These were big companies. Weathering the perfect storm.

Innovation 40

Innovation Disruption Marketing Underperforming Technical Team 40

Innovation 360 Group

JUNE 25, 2020

In our experience, there needs to be a mechanism in place at any given time to answer three questions about your portfolio of projects, whether they’re continuous improvements or disruptive new solutions. This is one reason why incremental innovation has a tendency to be prioritized over radical innovation. Is it real?”

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Project Resources Radical Innovation Innovation 52