article thumbnail

What Role Does Competition Play in Innovation?

IdeaScale

Competition is innate in what humans do. However, left unchecked, competition can become a toxic fight to win, rather than succeed. That begs the question, exactly what role does competition have in innovation? That begs the question, exactly what role does competition have in innovation? Balance is needed.

article thumbnail

Five Barriers to the Innovation Process and How to Overcome Them

IdeaScale

It would seem that the innovation process is simple: Get an idea, refine that idea, implement it, and repeat the process. Here are five common problems with the innovation process and how to resolve them. A well-implemented strategy is key to any innovation process, but that doesn’t mean finding one is easy.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Adopting a Rapid Digital Innovation Process

Paul Hobcraft

The belief that lean management principles will get the innovation out of the door quicker, has been one of those management adoptions that often trick us into believing we are achieving more than we actually are. Designing the complete rapid innovation application process. Yet digital threatens this entire incremental pathway.

article thumbnail

The Potential Returns of the Composable Innovation Enterprise Framework

Paul Hobcraft

The thrust of the framework is “ Organizations can create a more comprehensive and effective innovation ecosystem by utilizing building blocks as components of the innovation stack, guiding platform development using the innovation stack, and supporting the innovation stack with a platform.

Agile 183
article thumbnail

Innovation on Steroids: Next Generation AI-Powered Phases and Gates

Leapfrogging

Traditional Phases and Gates Processes Traditionally, the phases and gates model has been a cornerstone in structuring innovation management. This model segments the innovation process into distinct phases, each culminating in a gate. Reduce time-to-market for new innovations.

article thumbnail

Recognizing the Building Blocks of Innovation

Paul Hobcraft

Many tools, techniques, frameworks, mechanics, and emerging methodologies have allowed different parts of the innovation process to be explored and exploited. We are moving innovation along but not at a pace or design that reflects the need to connect “it ” into one comprehensive process.

article thumbnail

The Final Perspective: A Composable Innovation Enterprise Framework

Paul Hobcraft

In my view any new approach to innovation needs to aim to achieve interdependent and interlocking innovation, solving problems that have not been addressed before and offering sustainable value, impact, and returns to all involved or significantly improving on the existing solutions.