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

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

Destination Innovation

MARCH 2, 2018

Spigit is a leading innovation management software company. They recently published a research paper entitled ‘Quantifying a Culture of Innovation.’ In the top 10 most successful companies there were 10 votes per user. The findings are instructive.

Ideation 204

Ideation Case Study Culture of Innovation Innovation 204

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 13, 2017

I was leading an innovation workshop recently with a company that invited in some of its customers to talk about the future. I was hired to lead a trend spotting and scenario planning workshop, but I had successfully convinced my client that we needed to establish a common framework and language about innovation first.

Innovation 113

Innovation Disruption Product Innovation Exercises 113

hackerearth

DECEMBER 28, 2017

In the late 1990s and early 2000s, just when everyone thought that Apple’s growth had reached a saturation point, the company made a game-changing move. In 2001, Apple introduced an array of products and services beyond hardware and software. Your business model is, therefore, your company’s nidus for innovation.

Disruption 45

Disruption Industry Innovation Competition 45

hackerearth

DECEMBER 28, 2017

In the late 1990s and early 2000s, just when everyone thought that Apple’s growth had reached a saturation point, the company made a game-changing move. In 2001, Apple introduced an array of products and services beyond hardware and software. Your business model is, therefore, your company’s nidus for innovation.

Disruption 40

Disruption Industry Innovation Competition 40

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. The first has to do with linking innovation to strategy.

Roadmap 130

Roadmap Underperforming Technical Team Disruption Innovation 130

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

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

MARCH 20, 2019

Where possible, we also need to consider how an existing or future product - no matter how "smart" or dumb the product is - will create data or use data - and what the data will mean as part of the value proposition. What's all of this have to do with innovating? How does the company make money? Where does each benefit?

Data 174

Data Innovation Software Analysis 174

Jeffrey Phillips

JANUARY 7, 2019

Many corporations, especially those managing or collecting data or acting as a platform are using innovation to enrich themselves rather than their customers. Customers want companies to innovate, but customers expect to benefit from the innovation, rather than being taken advantage of. Can big business really innovate?

Innovation 203

Innovation Data Product Innovation Strategy 203

Jeffrey Phillips

NOVEMBER 27, 2018

Whole Product (2.0) The reason that whole product is becoming even more interesting is that the notion of product is expanding and many companies will soon be shifting to innovation "beyond the product". Impacts on Innovation This is, and will, have a huge impact on innovation.

Technology 174

Technology Data Tips Product Innovation 174

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

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

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

Leapfrogging

APRIL 19, 2024

Importance of Effective Communication in Virtual Teams Effective communication in virtual teams is the linchpin of productivity, innovation, and a cohesive work environment. Reliability : Opt for tools with a strong track record of uptime to avoid disruptions.

Strategy 100

Strategy Strategy Collaboration Technical Review 100

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

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. Innovation is possible in any setting and in any industry.

Disruption 133

Disruption Industry Culture Course 133

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

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. By investing in promising startups, companies can leverage external expertise and tap into novel technologies and business models.

Strategy 100

Strategy Strategy Technical Review Agile 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

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

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

hackerearth

JANUARY 28, 2018

There are three types of innovation: product innovation, process innovation, and business model innovation.A process innovation is crucial for product innovation, and it facilitates business model innovation, especially with the changes that rapid digitization is bringing with it.

Design Thinking 75

Design Thinking Disruption Innovation Innovation Processes 75

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

Leapfrogging

FEBRUARY 18, 2019

At times these topics seem at odds – the new high-tech guard disrupting the old, jobs shifting from blue to white collar, outsourcing overseas versus keeping things at home, and the list goes on. The same factory can therefore make parts and products for a wide range of industries. It also promises to reshape competition.

Software 100

Software Industry Competition Product Development 100

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.

Product Development 52

Product Development Agile LEAN Survey 52

Innovation Excellence

NOVEMBER 14, 2018

Apple is an iconic brand noted for disruptive innovation. In the heat of the digital revolution that it helped spark, Apple’s products became a portfolio of increasingly complex and diverse offerings.

Disruption 61

Disruption Product Development Company Innovation 61

hackerearth

JANUARY 28, 2018

There are three types of innovation: product innovation, process innovation, and business model innovation.A process innovation is crucial for product innovation, and it facilitates business model innovation, especially with the changes that rapid digitization is bringing with it.

Design Thinking 65

Design Thinking Disruption Innovation Innovation Processes 65

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

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. Durant foresaw that people would want a range of products and options. He created what became General Motors by offering people more choice of options, more flexibility and product families.

Underperforming Technical Team 100

Underperforming Technical Team Product Development Innovation Product Innovation 100

Jeffrey Phillips

FEBRUARY 5, 2018

Going through the elaborate motions As a blogger and consultant I make a living talking about the importance of innovation process, that innovation is a repeatable business process that any company can learn and master. Too much focus on the sizzle and not nearly enough on the steak.

Marketing 113

Marketing Innovation Processes Tools Trends 113

Jeffrey Phillips

JUNE 16, 2021

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. So we need people who can think about service innovations, process innovations, experience innovations, business model innovations, and so on.

Innovation 144

Innovation Trends Survey Course 144

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

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