Destination Innovation

DECEMBER 19, 2018

Who is the competition? Lessons are learned, and changes are made to constantly improve the sales process. Is there a customer need for each innovation? What will this innovation compete with? This is reasonably straightforward for incremental innovations but particularly hard for radical innovations.

Technical Review 195

Technical Review Innovation Radical Innovation Project 195

Qmarkets

APRIL 17, 2024

Discontinuous innovation represents a seismic shift in how industries function and evolve. This form of innovation doesn’t just improve on existing products; it completely redefines them, creating entirely new markets and consumer behaviors. Examples include Electric Vehicles (EVs), and streaming media like Spotify or Netflix.

Industry 40

Industry Marketing Software Review Technical Review 40

Cris Beswick

APRIL 16, 2024

It’s no secret that in today’s dynamic business landscape, for some, innovation is still just a buzzword – but for others, it’s the lifeblood of their organisation and an antidote to remaining relevant. Undoubtedly, transformation in pursuit of innovation within established corporations is a significant challenge.

Innovation 59

Innovation Culture Creativity Disruption 59

Paul Hobcraft

APRIL 1, 2016

Corporations are under increasing attack and are really struggling to become more radical in how they can defend, secure and achieve growth. A lack of understanding innovation in all its forms is coming back to haunt them. They can’t seemingly handle radical innovation and there is even more of an imperative to learn.

Disruption 100

Disruption Radical Innovation Survey Report 100

Paul Hobcraft

SEPTEMBER 2, 2018

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. Such a learning platform will also facilitate collaborative action and the new partnership between companies and governments. There are increasing use cases being built and shown.

Industry 213

Industry Technical Review Design Innovation 213

Paul Hobcraft

OCTOBER 3, 2016

How and where does innovation fit will clearly depend on this transforming effect. We are fairly clear that incremental innovation is just not cutting through to give the types of growth expected. Yet the prize can be a sustaining competitive position unable to be matched due to this ecosystem lock-in of vested parties.

Collaboration 273

Collaboration Technical Review Disruption Innovation 273

Paul Hobcraft

OCTOBER 3, 2016

How and where does innovation fit will clearly depend on this transforming effect. We are fairly clear that incremental innovation is just not cutting through to give the types of growth expected. A tantalizing prospect, full of innovation. It needs bold leadership. The Status Quo is history.

Collaboration 273

Collaboration Disruption Innovation Technical Review 273

Tim Kastelle

MARCH 7, 2016

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. 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

Paul Hobcraft

MAY 18, 2016

I believe we need a new way to manage risk within our innovation activities. This post here is the third and last part , part three, where I lay out different mechanisms and framing of risk and innovation. We need to formulate a more robust risk innovation framework. Risk is becoming an evolving capability.

Underperforming Technical Team 124

Underperforming Technical Team Innovation Strategy Strategy 124

Paul Hobcraft

MAY 18, 2016

I believe we need a new way to manage risk within our innovation activities. This post here is the third and last part , part three, where I lay out different mechanisms and framing of risk and innovation. We need to formulate a more robust risk innovation framework. Risk is becoming an evolving capability.

Underperforming Technical Team 124

Underperforming Technical Team Innovation Strategy Strategy 124

Paul Hobcraft

MAY 17, 2016

I want to bring together some thoughts on risk and innovation. I feel we spend less time on the management of risk within our innovation initiatives, as we so often simply measure risk on established risk / return lines of known existing business criteria, treating it as part of our existing ongoing business and that is plainly wrong.

Strategy 124

Strategy Strategy Innovation Resources 124

Paul Hobcraft

AUGUST 11, 2015

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. Producers of innovation need to transition radically into a different innovation delivery & design structure.

Innovation 100

Innovation Competition Disruption Collaboration 100

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. In summary, innovation is always a big challenge – it needs to be understood, first, and foremost.

Company 40

Company Innovation Radical Innovation Competition 40

Tim Kastelle

APRIL 30, 2016

The first time I was advocating the idea of a dual innovation approach, here also referred to as organizational ambidexterity, is now more than 5 years ago. As recently outlined, I consider organizational ambidexterity to be a key innovation issue for organizations in 2016 and beyond.

Disruption 100

Disruption Innovation Survey Study 100

Innovation 360 Group

JUNE 9, 2020

Over the past few months, we have learned a lot about ourselves in the way we’ve been able to respond to external unplanned events. Dealing with uncertainty demands innovative ideas. Combatting uncertainty demands innovative ideas. Innovative ideas are purchased externally and often not well integrated.

Industry 40

Industry Radical Innovation Underperforming Technical Team Technical Review 40

Innovation 360 Group

MARCH 7, 2019

Magnus Penker presents Lisa Toresson of HLL with their Innovation IQ, the highest in Europe. She was responsible for hiring and onboarding new employees, an important role for a company focused on culture and innovation. We allow them to make mistakes a few times”, says Sune, “but they quickly learn.”.

Radical Innovation 40

Radical Innovation Innovation Culture Industry 40

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. What is co-innovation? Source: Inteliment.

Open Innovation 68

Open Innovation Survey Collaboration Innovation 68

Innovation 360 Group

JANUARY 28, 2020

Innovation is essential as a strategy for risk management, but it’s more than that. True innovation satisfies actual needs, not what consumers say that they need. True innovation brings more consumers into the market and grows the pie so that everyone can enjoy more. Their customers were actually trying to hold onto memories.

Software Review 40

Software Review Exercises Technical Review Radical Innovation 40

Paul Hobcraft

SEPTEMBER 27, 2017

In the past week or so, I have been looking a little harder at the Chemical and Pharmaceutical Industry relating to innovation, it left me a little frustrated. I felt that warm and fuzzy feeling, as I read all too often those comforting words or platitudes of how “innovation is vital to us” and one of the “highest areas of focus.”

Collaboration 138

Collaboration Artificial Inteligence Technical Review Industry 138

Integrative Innovation

MAY 3, 2014

Interestingly, it looks like others support the idea of balancing and combining elements of both innovation approaches, too. By gaining customer feedback as early as possible, hypothesis testing and adaptation can be carried out through rapid iterative learning loops. Act on the learning. It really seems to have hit a nerve!

LEAN 96

LEAN Design Thinking Innovation Design 96

Innovation 360 Group

OCTOBER 10, 2019

It turns out many of the findings are possible to adopt for innovation efforts across your company. In a recent article in HBR, Simone Bhan Ahuja summarizes his experiences with corporate innovation labs: [link]. Pitfalls for innovation labs according to Simone: Lack of alignment with the business.

Innovation 40

Innovation Innovation Processes Examples Strategy 40

Integrative Innovation

APRIL 7, 2016

The first time I was advocating the idea of a dual innovation approach, here also referred to as organizational ambidexterity, is now more than 5 years. As recently outlined, I consider organizational ambidexterity to be a key innovation issue for organizations in 2016 and beyond.

Disruption 40

Disruption Innovation Survey Study 40

Innovation 360 Group

JUNE 17, 2019

There are four flashing warning lights that indicate faster, more flexible competitors are about to reshape the competitive landscape: 1. When you are operating in highly regulated markets, like the taxi industry, hotels, or healthcare. You must learn how to contain and channel failed experiments to end up with valuable learnings.

Resources 40

Resources Radical Innovation Software Industry 40

etventure

OCTOBER 26, 2016

etventure’s CEO for North America, Lukas Bower, provides some context – and clarifies why business leaders should not only “Go Digital”, but make innovation a top priority. So, the industry simply carried on with business as usual – putting innovation on the back burner. “Pursuit of Innovation” Curve.

Disruption 67

Disruption Industry Radical Innovation Engagement 67

hackerearth

MAY 12, 2017

The term innovation has been much bandied about this decade. Although a hackneyed word especially in the world of education and business, “innovation” has much in its favor. Read WSJ ’s “Is a Peanut-Butter Pop-Tart an Innovation?” There are plenty of expert definitions of innovation out there. These were big companies.

Innovation 40

Innovation Disruption Marketing Underperforming Technical Team 40

Integrative Innovation

JANUARY 27, 2016

Hence, I gave it some thought, starting by revisting an earlier reflection: 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.

Underperforming Technical Team 40

Underperforming Technical Team Big Data Innovation Technical Review 40

hackerearth

OCTOBER 16, 2017

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. For survival, innovation is almost obligatory (Drucker, 1999). What besets today’s companies?

Innovation Management 40

Innovation Management Technical Review Management Software Review 40

hackerearth

OCTOBER 16, 2017

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. For survival, innovation is almost obligatory (Drucker, 1999). What besets today’s companies?

Innovation Management 40

Innovation Management Technical Review Management Software Review 40

Innovation 360 Group

SEPTEMBER 22, 2019

Those are three frequently cited examples of industries disrupted by new technology, but they are just the tip of the innovation iceberg. Innovation is the creative destruction of innovation where entrepreneurs combine exiting elements ins new ways, as the economist Joseph Schumpeter defined it, has never been more clear than it is right now.

Technical Review 40

Technical Review Disruption Industry Technology 40

ImagineNation

JUNE 3, 2024

This involved collaborating with one of the top game design companies to co-create a live business simulation incorporating innovative gamification elements intending to teach corporations how to be innovat ive. I had not undertaken sufficient research studies to determine if users wanted and were ready to accept a radical innovation.

Innovation 52

Innovation Technical Review Learning Disruption 52

Wazoku

NOVEMBER 21, 2017

A quick glance at the Most Innovative Companies [1] list at Forbes sees the top three places taken by Salesforce, Tesla and Amazon respectively. It’s perhaps safe to say, therefore, that they’ve mastered the art of innovating to derive a competitive advantage. Building a culture of innovation.

Culture of Innovation 40

Culture of Innovation Competition Culture Radical Innovation 40

Idea to Value

JULY 21, 2017

Every company says that innovation is important, and that they value the ideas of their people. Yet the problem lies in the fact that so few established companies actually know how to go about getting value out of their innovation ambitions, let alone turning it into profit. Suggested reading: 13 – Budgets for Micro-Innovations.

Company 248

Company Underperforming Technical Team Brainstorming Design Thinking 248

Qmarkets

APRIL 14, 2022

How much time should you spend improving your existing processes as opposed to innovating new ones? There are two types of companies: those who innovate and those who improve. Regardless of size or scale though, many businesses struggle to decide whether they should invest their resources in innovation or improvement.

Underperforming Technical Team 52

Underperforming Technical Team LEAN Technical Review Innovation 52

Innovation 360 Group

NOVEMBER 16, 2019

Unlike chess, in a real battle you have no idea what capabilities the enemy has until you do a great deal of competitive intelligence. That might sound like common sense, yet countless businesses enter the competitive arena every year without even trying to inventory their own capabilities let alone what they are up against.

Radical Innovation 40

Radical Innovation Competition Course Agile 40

Paul Hobcraft

JULY 18, 2016

It is tapping into an internal need for everyone involved, to innovate in different and more radical ways. A belief that having Intrapreneurs working within organisations will make a difference in the innovation work needed, and then identifying and encouraging those able to take this task on.

Agile 100

Agile Disruption Culture Change 100

Paul Hobcraft

JULY 18, 2016

It is tapping into an internal need for everyone involved, to innovate in different and more radical ways. A belief that having Intrapreneurs working within organisations will make a difference in the innovation work needed, and then identifying and encouraging those able to take this task on.

Agile 100

Agile Disruption Culture Change 100

Innovation 360 Group

NOVEMBER 4, 2018

New technologies can be deployed with a swipe of a finger, appearing across billions of devices all over the world, changing market dynamics in a heartbeat, while competition from emerging markets isn’t just producing cheaper goods and copycat products, but radically redefining the terms of production and distribution.

Culture 83

Culture Management Project Leadership 83