Paul Hobcraft

MAY 17, 2016

So in a three-part series I want to set risk in a better strategic and operational framework but to begin with until we address the alignment issue between a firm’s strategy and the linkage of the innovation activities, innovation fails to make the essential boardroom connections. The third is to manage trade-offs.

Strategy 124

Strategy Strategy Innovation Resources 124

Qmarkets

APRIL 17, 2024

The power of discontinuous innovation lies in its ability to transform not just business operations but also market landscapes, offering immense opportunities for companies that dare to lead the charge. This concept, often used interchangeably with radical and disruptive innovation, has nuances worth understanding.

Industry 40

Industry Marketing Software Review Technical Review 40

Paul Hobcraft

APRIL 1, 2016

They can’t seemingly handle radical innovation and there is even more of an imperative to learn. Radical innovation is defined here as: The report dug into the boards’ appetite for growth; how high is the bar? It examined the role of innovation in company strategy and its strategic importance on the board’s agenda.

Disruption 100

Disruption Radical Innovation Survey Report 100

The BMI Lab Blog

AUGUST 3, 2017

There are two complementary approaches to innovation: incremental vs radical. When setting up an innovation strategy, there are many decisions to take. Should I choose an incremental innovation path? Or should I rather look for a radical, or disruptive, approach? But it is not only about technology.

Radical Innovation 60

Radical Innovation Innovation Marketing Disruption 60

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

Innovation 360 Group

OCTOBER 29, 2017

The uber-quoted and widely disseminated statement by Peter Drucker that “Culture eats strategy for breakfast,” which, by the way, was never said by Drucker , clearly shows how a culture of opportunism and common wisdom create simplified truth hindering the success of innovation management. Strategies That Cross The 3 Horizons.

Culture 63

Culture Strategy Strategy Underperforming Technical Team 63

Paul Hobcraft

DECEMBER 22, 2021

The first was setting the scene for these conversations on the “fundamental building blocks for innovation success” ( LINK ) and then the second into “the essential alignment of innovation to strategy” ( LINK ). By having some level of operating mechanisms, you can establish a business process.

Design 130

Design Creativity Agile Resources 130

Cris Beswick

APRIL 16, 2024

In this article, I’ll draw upon two decades of hard-earned experience in pioneering the development of innovation-focused cultures in organisations worldwide to share proven principles, strategies, and techniques. This balance is essential for organisations to remain competitive and adapt to changing market conditions.

Innovation 59

Innovation Culture Creativity Disruption 59

Tim Kastelle

MARCH 7, 2016

Another example is the recently introduced strategy framework by Martin Reeves, Knut Haanæs, and Janmejaya Sinha from BCG. Here, dedicated strategies and innovation approaches are defined for different business environments, characterized by the factors predictability, malleability and harshness (see figure below).

Innovation Management 100

Innovation Management Management LEAN Technical Review 100

Paul Hobcraft

JUNE 20, 2016

All too often strategy is not influencing the behaviours and outcomes around innovation, it is simply allowing them to be left to chance. Innovation is being ‘pushed down’ the organisation for others to interpret and offer their answers. This requires senior management attention because of the significant organisational impact.

Underperforming Technical Team 113

Underperforming Technical Team Leadership Innovation Strategy 113

Innovation 360 Group

JUNE 9, 2020

Those that follow this model often collaborate with FinTechs and start-ups through various means: innovation fairs, competitions, and small seed investments, to identify prospects. Evidence points to two areas in particular – capabilities surrounding radical innovation and the breadth of innovation culture.

Industry 40

Industry Radical Innovation Underperforming Technical Team Technical Review 40

Innovation 360 Group

MAY 21, 2020

This could for instance be future competitors or collaborators and the force could be competition from new entrants. With an understanding of the PESTLED outcomes, organizations can then explore how those findings will impact future strategy and what that would like in terms for strategic initiatives. Strategic Initiatives.

Radical Innovation 69

Radical Innovation Artificial Inteligence Data Analysis 69

Paul Hobcraft

MAY 18, 2016

Interestingly, the pace of innovation stands among the top three risks in 2015 and tops along with regulatory risk, the list foreseen in 2018. With technology disruption, business model disruption and growing competition, social and customer engagement challenges the ability to manage innovation is growing as a concern and in risk management.

Underperforming Technical Team 124

Underperforming Technical Team Innovation Strategy Strategy 124

Paul Hobcraft

MAY 18, 2016

Interestingly, the pace of innovation stands among the top three risks in 2015 and tops along with regulatory risk, the list foreseen in 2018. With technology disruption, business model disruption and growing competition, social and customer engagement challenges the ability to manage innovation is growing as a concern and in risk management.

Underperforming Technical Team 124

Underperforming Technical Team Innovation Strategy Strategy 124

Innovation 360 Group

JUNE 25, 2020

Strategic direction : Are the activities we are performing in line with our strategy, and are we distributing our resources so there’s the best possible chance of executing the organization’s strategy? a clearly defined strategy. Valuation of projects should be the basis for prioritization. Strategic direction.

Project 52

Project Resources Radical Innovation Innovation 52

Paul Hobcraft

OCTOBER 1, 2018

The survey exposes the myth that innovation is not one of the three top challenges, innovation ranks fifth as it follows the more conventional concerns of managing talent as the top (and that did surprise me) and regulatory and competitive threats. Now that is very disappointing but what do we expect from innovation?

Report 212

Report Innovation Survey Disruption 212

mjvinnovation

NOVEMBER 12, 2020

Radical innovation: implementing completely new ideas into products, services, or business models. They have the most significant impact because new markets or customer needs may arise from this innovation; ? Sustainable innovation: it helps companies to defend their position in the market and remain competitive.

Company 40

Company Innovation Radical Innovation Competition 40

Tim Kastelle

APRIL 30, 2016

Two-thirds of all breakthrough innovators stated that all innovation and product development is controlled and driven by a centralized organization, at least in its initial stages. More than 70 percent have a different organizational entity for managing radical innovation. (…). Source: Accenture.

Disruption 100

Disruption Innovation Survey Study 100

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.

Software Review 40

Software Review Exercises Technical Review Radical Innovation 40

Paul Hobcraft

AUGUST 11, 2015

We all feel the need for speed as the pace of innovation quickens, as we face shortening life cycles, greater competition and growing market pressure. This was rightly suggesting that the real sources of value creation and competitive advantage in the digital economy lie in fluid and constantly evolving the intangibles.

Innovation 100

Innovation Competition Disruption Collaboration 100

Innovation 360 Group

JUNE 19, 2018

We will make implicit how to build an effective innovation strategy based on your external market context and unique areas of excellence. The end goal is an innovation system compatible with the emerging ISO standard and tested all over the world in real cases. Why is your organization in search of innovative solution?

Underperforming Technical Team 40

Underperforming Technical Team Radical Innovation Technical Review Software Review 40

Innovation 360

JUNE 20, 2018

We will make implicit how to build an effective innovation strategy based on your external market context and unique areas of excellence. The end goal is an innovation system compatible with the emerging ISO standard and tested all over the world in real cases. Why is your organization in search of innovative solution?

Underperforming Technical Team 40

Underperforming Technical Team Radical Innovation Technical Review Software Review 40

Innovation 360 Group

MARCH 7, 2019

By leveraging both incremental and radical innovation strategies, an approach strongly correlated with increased capability in our own research , they have been able to gain a huge competitive advantage in a very conservative industry. Now they are strongly positioned to act on this advantage.

Radical Innovation 40

Radical Innovation Innovation Culture Industry 40

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

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. Benefits of co-innovation. Source: Hitachi.

Open Innovation 68

Open Innovation Survey Collaboration Innovation 68

Innovation 360 Group

FEBRUARY 20, 2020

Ultimately, the market evolved to support a declining price based on competitive price pressures, and that is good for everyone. Much like our discussion above regarding competitors, companies who take advantage of the “network” of customers can sometimes harvest significant competitive advantage.

Innovation 52

Innovation Roadmap Marketing Competition 52

Innovation 360 Group

AUGUST 25, 2019

While they don’t have the same resources as large corporations, SMEs can potentially be quite innovative. The project ran for 30 months, with the first half focused on assessment and strategy, and the second on implementation and value creation. Business development bootcamps and workshops.

Case Study 51

Case Study Underperforming Technical Team Project Study 51

etventure

OCTOBER 26, 2016

Instead, radical innovation is occurring across all industries – even within “old economy” sectors such as manufacturing. So, traditional businesses operating in our innovative marketplace have reached a critical infection point. In the last decade, the art of innovation has become a science. The net result?

Disruption 67

Disruption Industry Radical Innovation Engagement 67

Wazoku

JUNE 15, 2016

Google understands that an innovator wants to see his/her idea all the way through to completion. Incremental innovation over radical innovation. There is a growing trend across businesses towards rapid, low-risk innovations.

Agile 49

Agile Innovation Culture Leadership 49

Innovation 360 Group

OCTOBER 10, 2019

By understanding possible pitfalls for your innovation efforts and how to create capabilities and processes to support it, you have a better chance of innovation success. Lack of Alignment with the business -> Adressed by A coherent innovation strategy. The one remaining project was canceled shortly after.

Innovation 40

Innovation Innovation Processes Examples Strategy 40

Integrative Innovation

APRIL 7, 2016

Two-thirds of all breakthrough innovators stated that all innovation and product development is controlled and driven by a centralized organization, at least in its initial stages. More than 70 percent have a different organizational entity for managing radical innovation. (…). Source: Accenture.

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. 2. A few key players have consolidated all the power.

Resources 40

Resources Radical Innovation Software Industry 40

Gregg Fraley

AUGUST 1, 2018

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.

Technology 50

Technology Internet of things Ideation Artificial Inteligence 50

hackerearth

NOVEMBER 10, 2017

It is the failure to innovate that led to its “demise.”. In other words, it is because sometimes innovation strategies fail to produce products/ services that the customers want. Which brings us to the question, “Why do innovation programs fail?”. Collaboration is the new competitive advantage.

Innovation Programs 40

Innovation Programs Underperforming Technical Team Innovation Ideation 40

Paul Hobcraft

JULY 18, 2016

It needs to become a solid part of the strategy for innovation otherwise it is quickly seen as ‘just another experiment.’ Intrapreneurship offers the potential of being a vital part of your innovation strategy. As organisations seek growth they need to encourage higher levels of impact. In summary.

Agile 100

Agile Disruption Culture Change 100

Paul Hobcraft

JULY 18, 2016

It needs to become a solid part of the strategy for innovation otherwise it is quickly seen as ‘just another experiment.’ Intrapreneurship offers the potential of being a vital part of your innovation strategy. As organisations seek growth they need to encourage higher levels of impact. In summary.

Agile 100

Agile Disruption Culture Change 100

Innovation 360

OCTOBER 29, 2017

The uber-quoted and widely disseminated statement by Peter Drucker that “Culture eats strategy for breakfast,” which, by the way, was never said by Drucker , clearly shows how a culture of opportunism and common wisdom create simplified truth hindering the success of innovation management. Strategies That Cross The 3 Horizons.

Innovation 40

Innovation Underperforming Technical Team Culture Leadership 40