Remove Competition Remove Leadership Remove Project Remove Radical Innovation
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Building Capacity for Breakthrough Innovation

Innov8rs

Innov8rs | Breakthrough innovations are characterized by their ability to disrupt or redefine the competitive landscape, often rendering existing solutions obsolete. They represent a radical departure from existing products, services, or processes, paving the way for new markets, industries, and value networks.

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8 Types of Innovation in Business: A Comprehensive Guide

Qmarkets

Broad Categories of Innovation At the heart of the innovation spectrum lie two broad categories that encapsulate the range of strategies businesses can deploy: incremental innovation and radical (including disruptive) innovation.

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Monitor Your Innovation Capability in these Three Areas

Destination Innovation

through social media, competitions or open innovation) monitor the numbers coming in. Secondly, check the efficiency of your innovation evaluation process by monitoring how many ideas make it through the initial selection and into the next stage as projects. How many people are engaged in innovation activities?

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Treat Your Innovation Pipeline just like your Sales Pipeline

Destination Innovation

Who is the competition? The pipeline of innovation projects for new and improved products and services is also strategically vital for the business but typically it is not treated with the same attention or importance. For each item in the pipeline we need an estimate of its cost to develop and projected payback.

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PESTLED360: Iron Out Key Driving Forces in Your Current Environment and Anticipate Future Ones

Innovation 360 Group

This could for instance be future competitors or collaborators and the force could be competition from new entrants. Imagine you are on the leadership team of one of the top five executive jet rental companies, such as Netjets, GlobeAir, or Stratos Jet Charters. Identify necessary projects to be executed now.

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The core principles of Leading FOR Innovation

Cris Beswick

I’ll unpack the core principles of ‘Leading FOR Innovation’ and share approaches to help overcome the organisational antibodies that often stifle innovation, empowering teams to unleash bold ideas that can reshape your industry’s future. Horizon 1 activity has lower risk but also lower return.

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The Pressing Need to Link Risk into an Innovation Strategy- part one

Paul Hobcraft

. “The problem is that an organization’s capacity for innovation stems from an innovation system: a coherent set of interdependent processes and structures that dictates how the company searches for novel problems and solutions, synthesizes ideas into a business concept and product designs, and selects which projects get funded.

Strategy 124