Remove Competition Remove Disruption Remove Marketing Remove Product Innovation

Reap a Competitive Advantage with Effective Business Model Innovation

IdeaScale

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.

Moving towards a new innovation service model

Paul Hobcraft

The realization that innovation goes way beyond product innovation is a massive hurdle for many of our existing organizations to overcome, certainly in what they are offering today as solutions. I would suggest on the very way we manage innovation.

What Is Business Intelligence?

Collective Innovation

This can include information about the company internally, customer information, market information, sales velocity, competitive information and numerous other metrics. When used correctly this data can allow companies to reasonably predict the outcome and validate their decisions while still moving quickly and innovating. If you’re creating a new product historical data can provide a good measure as to what costs and revenue can be expected.

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.

Innovation Types that Will Surprise You (With Examples)

Ideanote

Disrupt this, disrupt that. You’ve heard of disruptive innovation because it’s the most discussed out of all innovation types. Being able to change an industry, or an entire market, is great - it makes you rich and famous. Facing the beasts of innovation.

Why innovation portfolios matter

RTI Innovation Advisors

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. More and more of them are doing innovation, with drastically different outcomes. In many cases it's as if executives throw up their hands and succumb to the idea that innovation is black magic.

Samsung and Innovation

Collective Innovation

The scope of products and services they provide is mind boggling. 70,000 of those are engineers working to create the next generation of Samsung products. Innovation has always been at the core of Samsung, pushing to not just be the market leader in sales but also product technology.

Innovation: Exploiting and Exploring

RTI Innovation Advisors

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? I can say without fear of rejection that most innovation at the corporate level is incremental, extending existing products and services by adding new capabilities or features. There's nothing wrong with incremental innovation. Assign your best people to innovation.

Becoming an innovative company: better late

RTI Innovation Advisors

So, after over a decade of innovation consulting, I can say without doubt that companies that are just starting to innovate have it much better than those that were attempting it years ago. That's because as more companies try more innovation, more tools are vetted, more methods explored and exposed. Today, there are more proven methods and more people with more innovation skill and experience, so if you are starting now you can get started on the right foot.

Crowdsourcing Internal Innovation

Collective Innovation

Regardless of what kind of business you are in there are numerous different types of innovation that can give you a clear competitive advantage and make you more successful. Line extensions are one of the most common types for companies in a mature market.

The innovation value lies within the new system

Paul Hobcraft

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. Building new innovative collaborations. The evolving innovation lab.

System 165

Why business model innovation is so compelling

RTI Innovation Advisors

There's a real sense that we in the corporate world are standing on the brink of an amazing transition, moving from relatively older, static models of competition based on corporate size and mass, to new competitive realities dictated by speed, agility and innovation. In a market where size matters, only a few players dominate and the rest compete for the leftovers. Their size and their business model ultimately becomes a barrier for new innovation and new growth.

Innovation through intrapreneurship

ideas4allinnovation

This article published in the Harvard Business Review argues that they certainly exist, provided they have an environment that favors and promotes innovation, with prior knowledge of existing needs in the market. Intrapreneurship programs: focusing on innovation.

Agile 60

Innovation cannot expand without the 4th Industrial Revolution

Paul Hobcraft

“After a decade of flat productivity, the arrival of the Fourth Industrial Revolution (4IR) is expected to create up to $3.7 It is equally holding a new form of innovation back, one that is highly collaborative where partners come together to work on more complex problems.

The new ROI for digital innovation

Paul Hobcraft

Innovation has had a bigger brother moving into the house next door; Digital Technology and between them, they have been busily knocking the walls down, to share the future going forward. Data specific, technology driven, innovation invigorating. gross domestic product (GDP).

Eliminating innovation unknowns - definitions

RTI Innovation Advisors

Yesterday I wrote a post about the need for executives to eliminate the "unknowns" when they want their teams to innovate. But when we call on people to innovate, there are a host of unknowns and uncertainties. How do we prioritize existing projects and new innovation work? Perhaps one of the simplest, and yet most important unknown to address is a definition of innovation. Our general definition of innovation is: people putting ideas into valuable action.

The Innovation Mosaic: Building Bridges Between the Many Perspectives on Innovation

Legacy Innovation Group

The Innovation Mosaic: Building Bridges Between the Many Perspectives on Innovation. I have been a student of innovation for more years now than I care to count. One of the things that has always made innovation so enjoyable to me is the fact that every business discipline seems to believe they "own" innovation, a premise from which they have devised their particular flavor of innovation – one that in each case mirrors their unique perspectives on business.

What You Need to Know About Insourcing

Spigit

As of 2014, the global outsourcing market amounted to $104.6 Many leaders are now turning to insourcing to power up new business initiatives and innovations. Keeping work in-house typically results in better outcomes, dramatically increasing competitive advantage.

Déjà vu all over again: Corporate innovation is stuck in a rut

The Future Shapers

I’ve had a chance to read a very well researched report on corporate innovation conducted by KPMG in coordination with Innovation Leader. The report, Benchmarking Innovation Impact 2018 , is exceptionally thorough and provides good insights into the current state of innovation. My analysis is reinforced by Accenture’s new report on innovation, Make your Wise Pivot to the New. Enable the organization to innovate by design. Nascent innovators (the rest).

B2C 43

Does culture eat strategy for breakfast?

Innovation 360 Group

Innovations are infinite, even within a finite market. However, not all innovations start with the same chance at a fully productive lifecycle. Culture is the key to any successful organization but by itself is not enough to stay on top in a hyper-competitive world.

Here comes the hypenated innovation offering

RTI Innovation Advisors

It's almost inevitable that innovation will grow to become an amorphous blob of ideas, techniques, processes, "experts", software and a host of other things. It's the natural order of economics that when an opportunity is available, everything rushes in to fill the vacuum, and as the market becomes crowded various offerings must differentiate themselves from the others to demonstrate value. So the software purports to assist innovators in what they already do.

LEAN 122

How Chief Innovation Officer (CINO) may replace the traditional Chief Information Officer (CIO)

hackerearth

The 2018 Gartner CIO Agenda Survey demonstrates that technological innovation and digitalization are changing the way CIOs work. Of the CIOs surveyed in India, 51 percent reported that they were heading innovation, whereas 49 percent reported that they were leading digital transformation.

Innovation Strategy – Pat McGauley and a New Beer in Town

BrainZooming

What’s the story on the innovation strategy for beer? The Kansas City American Marketing Association monthly lunch addressed that question. Pat’s innovation team was responsible for product and packaging innovation. Not all innovation teams are created equal.

Co-creating volume 3

Innovation 360 Group

Now we start the work co-creating volume 3 of the Complete Guide to business Innovation and you are invited! INTRODUCTION TO VOLUME 3: INNOVATION SYSTEM FROM IDEATION TO GOVERNANCE. Innovators are always saying that they want to make the world a better place, so why isn’t it any better? Every one of us has full access to an infinitely varied and vastly underused resource: Innovation. Innovative thinking alone will not be able to get there, though.

The Challenges being Faced by Innovation Consultants

Paul Hobcraft

From my perspective I’ve been looking at a real challenge today, that many consultants offering innovation services are not providing real sustaining consulting value to clients, only ad-hoc services. Innovation solutions simply need to be crafted in my opinion.

11 Paradoxes of Entrepreneurial Thinking: why entrepreneurship can hardly be taught

Open Innovation EU

As opposed to entrepreneurship, entrepreneurial thinking is not necessarily bound to entrepreneurs (to be); it is an essential skill for ‘strengthening human capital, employability and competitiveness’ (Bacigalupo et al., Journal of Product Innovation Management, 31(3), 616–635.

5 Inexpensive Ways to Jump Start a Sustainable Culture of Innovation

Idea Champions

Trying to create a culture of innovation is a daunting task for even the most committed organization. If you're getting into a new market, for example, you'd expect to do some competitive intelligence gathering, right? Same with the effort to foster a culture of innovation.

Co-creating volume 3

Innovation 360

Now we start the work co-creating volume 3 of the Complete Guide to business Innovation and you are invited! INTRODUCTION TO VOLUME 3: INNOVATION SYSTEM FROM IDEATION TO GOVERNANCE. Innovators are always saying that they want to make the world a better place, so why isn’t it any better? Every one of us has full access to an infinitely varied and vastly underused resource: Innovation. Innovative thinking alone will not be able to get there, though.

Gartner Research Insights: 5 Innovation Hacks to Boost your Digital Return

Qmarkets

Hackathons, internal innovation programs, open innovation, technology acquisitions…these days it seems like everyone is jumping onto the innovation bandwagon. How is innovation best performed? Can guidelines for innovation be created?

Gartner Research Insights: 5 Innovation Hacks to Boost your Digital Return

Qmarkets

Hackathons, internal innovation programs, open innovation, technology acquisitions…these days it seems like everyone is jumping onto the innovation bandwagon. How is innovation best performed? Can guidelines for innovation be created?

Navigating the Make Versus Buy Decision: a Crowdsourced Check List

Spigit

Product managers facing the make versus buy decision for their organization have a lot to consider. In this article, the innovation architect Doug Collins shares what was on the minds of senior product management leaders on this topic when they convened, recently. Innovation

Navigating the Make Versus Buy Decision: a Crowdsourced Check List

Spigit

Product managers facing the make versus buy decision for their organization have a lot to consider. In this article, the innovation architect Doug Collins shares what was on the minds of senior product management leaders on this topic when they convened, recently. Innovation

Why organization matters for Innovation Success

Innovation 360

Innovations are infinite, even within a finite market. However, not all innovations start with the same chance at a fully productive lifecycle. Culture is the key to any successful organization but by itself is not enough to stay on top in a hyper-competitive world.

What is innovation management and why your organization needs it

hackerearth

Understanding Innovation Management. Is it a lack of innovation or an inability to cope with change? Either way, businesses need to identify where they are going wrong because innovation as a business strategy is here to stay. Function and Intention of Innovation Management.

What is innovation management and why your organization needs it

hackerearth

Understanding Innovation Management. Is it a lack of innovation or an inability to cope with change? Either way, businesses need to identify where they are going wrong because innovation as a business strategy is here to stay. Function and Intention of Innovation Management.

Navigating the Make Versus Buy Decision: a Crowdsourced Check List

Spigit

Product managers facing the make versus buy decision for their organization have a lot to consider. In this article, the innovation architect Doug Collins shares what was on the minds of senior product management leaders on this topic when they convened, recently. This January I enjoyed thoroughly the chance to facilitate a session on navigating the make versus buy decision at Frost & Sullivan’s New Product Innovation and Development summit. Innovation

Navigating the Make Versus Buy Decision: a Crowdsourced Check List

Spigit

Product managers facing the make versus buy decision for their organization have a lot to consider. In this article, the innovation architect Doug Collins shares what was on the minds of senior product management leaders on this topic when they convened, recently. This January I enjoyed thoroughly the chance to facilitate a session on navigating the make versus buy decision at Frost & Sullivan’s New Product Innovation and Development summit. Innovation

5 Inexpensive Ways to Jump Start a Sustainable Culture of Innovation

Idea Champions

Trying to create a culture of innovation is a daunting task for even the most committed organization. If you're getting into a new market, for example, you'd expect to do some competitive intelligence gathering, right? Same with the effort to foster a culture of innovation. Define Innovation: Google "innovation" and you'll find thousands of definitions. What do you mean by "innovation?" Is it incremental innovation? Disruptive innovation?