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5 Misconceptions to Avoid When Building Your Innovation Strategy

Qmarkets

Innovation — a necessary component of any successful business in the modern world. Without it, our companies would fail to grow and evolve with the ever-changing markets that we are serving. While innovation is pertinent, it is often misunderstood and as a result, many companies fail to reap the benefits of it at its best.

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5 Misconceptions to Avoid When Building Your Innovation Strategy

Qmarkets

Innovation — a necessary component of any successful business in the modern world. Without it, our companies would fail to grow and evolve with the ever-changing markets that we are serving. While innovation is pertinent, it is often misunderstood and as a result, many companies fail to reap the benefits of it at its best.

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What do we expect from Innovation? Mostly disappointment

Paul Hobcraft

The outcomes cover more than innovation but provide a good overview of board thinking and priorities for areas such as strategic challenges companies face, governance activities and processes that boards are good at, expertise sitting on the board, and the hard aspects of being a board director. The two major takeaways for me.

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Digital Technology MoshPit

Gregg Fraley

The MoshPit system seeks to find combinations of concepts that lead to innovation. Digital technology holds promise to improve, or radically innovate, many areas of an organizational value chain. To discover radically new applications for digital tech what’s needed is taking a comprehensive look across all operations.

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Getting started with Innovation Metrics

Strategos

Metrics help managers make informed decisions based on objective data, which is especially valuable given the long-term nature and risk associated with some innovation projects. Maintaining and posting an “innovation dashboard” keeps innovation progress front and centre for employees and executives.

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Balancing Innovation via Organizational Ambidexterity – Part 3

Integrative Innovation

As Geoffrey Moore [2] has pointed out, breakthrough innovations need to “cross the chasm” between the initial customers and the majority of the market. Actively managing the market introduction therefore increases significantly the likelihood of success for radical innovations. More and more, Enterprise 2.0/Social

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How to Speed Up Your New Product Development Process by 30%

Innovation 360 Group

Fill up your pipeline with new, vetted ideas. The fastest growing companies interpret innovation through multiple lenses. Use a non-linear ideation process to form ideas generated into ‘big ideas’. Group ideas into clusters, consider themes and iterate them to build clusters.