ISPIM Grand Prize 2016 – Recognising Excellence in Innovation Management

Innovation Excellence

ISPIM Grand Prize 2016 is looking for cases that significantly advance the practice of innovation management in proven application, not theory. The advance should be in how innovation is managed, we are not seeking proposals that describe the actual end output, the what. Continue reading → Competitions Industry Innovation Leadership Management People & Skills Product Innovation Strategy culture future Innovation Management organization

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. From our point of view, all of the issues pinned down at that time have gained significant importance, are being intensively debated and can still be considered cutting-edge for companies to stay ahead in managing innovation. Let’s have a brief look at each of them: Differentiating and integrative innovation concepts.

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Want Great Insight? Then Experience It!

Innovation Excellence

Consumer Innovation Experience Innovation Product Innovation #designthinking #innovation #innovator #leadership #culture #cultureofinnovation Breakthrough Ideas business transformation Consumer Behavior Consumer Insight Creativity culture experiences growth ideation impact Innovation Innovation Management Innovation Mindset Innovation Transformation insight Leadership Strategy

Three Keys To Meeting The Challenge of Multi-Platform Product Development

Innovation Excellence

Each platform has its own development team, its own Program Manager and its own Project Manager. collaboration culture Customers Design Innovation Management Product Innovation R&D agile Cross Functional Alignment Cross Platforms Development TeamsScenario: A technology company is creating a consumer electronics solution that involves hardware, software and web components.

Separate Innovation from Entrepreneurship!

Innovation Excellence

The words innovation and entrepreneurship became synonymous in our language, and the place we see this the most is in universities and business schools. Why is being an innovator means I have to launch a startup company? Can’t I be an innovator in a mature company? But why are we linking these two words?

Innovation Decision Makers – the genius or the customer?

Innovation Excellence

He transformed his industry through innovation, making the right call at the right time for the right technology in the right product. Consumer Innovation culture Customers Governance Innovation Leadership Management Product Innovation Innovation Management InsightsSteve Jobs was a genius. Famously, he avoided asking customers what they wanted, because they wouldn’t understand it and it would waste time. Steve Jobs was rare.

Everything you need to know about innovation management software

hackerearth

Although enterprise collaboration software market has been around for over 20 years, innovation management software is a specialized segment that helps companies guide and support their innovation process. With the right tool, the idea generation, implementation and evaluation, and market tracking phases can be managed to create successful business outcomes. What is innovation management software (IMS)? Poor innovation implementation.

Innovation management software: Everything you need to know

hackerearth

Although the enterprise collaboration software market has been around for over 20 years, innovation management software is a specialized segment that helps companies guide and support their innovation process. With the right tool, the idea generation, implementation and evaluation, and market tracking phases can be managed to create successful business outcomes. What is innovation management software (IMS)? Poor innovation implementation.

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. Innovations that survive are most often those that are supported by an organizational culture that plans innovation strategically and maintains a portfolio of ideas that function well in relation to each other. In fact, strategy, leadership and capabilities are the foundation but culture is the enabler.

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. For survival, innovation is almost obligatory (Drucker, 1999). An innovation process “connects upstream idea valuation to downstream production and release to market.” Like any business function, innovation can be managed.

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. For survival, innovation is almost obligatory (Drucker, 1999). An innovation process “connects upstream idea valuation to downstream production and release to market.” Like any business function, innovation can be managed.

6 Processes for Generating Ideas for Radical Innovations–Design Thinking Series

Innovation Excellence

Product innovation teams that wish to create radically new products can use six processes to help them. Continue reading → Culture & Values Innovation Presentations Processes & Tools breakthrough Innovation Management Radical Management

The Fallacy of the Aha Moment & Overnight Success in Innovation

Innovation Excellence

Are innovations really born out of these miraculous moments of insight? Apple had actually started work on the system, and all of its key innovations, already prior to the visit.What’s more, there were actually not just one but two visits, and Steve Jobs only participated on the second visit when a key employee said he should do it to understand the importance of the innovations they were already working on. Management bias.

Key Innovation Issues for 2016 and Beyond

Integrative Innovation

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. From my point of view, all of the issues pinned down at that time have gained significant importance, are being intensively debated and can still be considered cutting-edge for companies to stay ahead in managing innovation. Reinvention through business model innovation.

Planbox Acquires Imaginatik Creating an Agile Innovation Powerhouse

Imaginatik

Planbox, the pioneering provider of AI-Powered Agile Innovation Management software, and Imaginatik, the #1 ranked leader in Corporate Innovation Management according to Forrester Research, will join forces to seize on the innovation boom. Under the agreement, Planbox will acquire all of the assets of Imaginatik Plc (LON:IMTK) related to its Enterprise Innovation Management platform and global operations.

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Participation leads to Innovation

Destination Innovation

Spigit is a leading innovation management software company. They recently published a research paper entitled ‘Quantifying a Culture of Innovation.’ ’ Northwestern University’s Kellogg School of Management carried out a study of data from 154 corporate customers of Spigit over a five year period. They found that four factors were particularly important for success with innovation and growth. Quantifying a Culture of Innovation.

What is process innovation and why it can transform your business

hackerearth

Continuous innovation is critical to achieving and maintaining a steady competitive advantage. There are three types of innovation: product innovation, process innovation, and business model innovation.A process innovation is crucial for product innovation, and it facilitates business model innovation, especially with the changes that rapid digitization is bringing with it. What does process innovation mean?

What is process innovation and why it can transform your business

hackerearth

Continuous innovation is critical to achieving and maintaining a steady competitive advantage. There are three types of innovation: product innovation, process innovation, and business model innovation.A process innovation is crucial for product innovation, and it facilitates business model innovation, especially with the changes that rapid digitization is bringing with it. What does process innovation mean?

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. So, the CIO’s role is expected to expand to take on additional areas of business like innovation management and talent development. The CIO is the Chief Innovation Officer.

What Is Business Intelligence?

Collective Innovation

When used correctly this data can allow companies to reasonably predict the outcome and validate their decisions while still moving quickly and innovating. Business Intelligence turns your data into actionable information allowing you to make decisions that increase the likelihood of successful new products, sales programs and marketing efforts. If you’re creating a new product historical data can provide a good measure as to what costs and revenue can be expected.

How to enable inclusive innovation

hackerearth

The innovation system would meet the needs of every person. Inadequacy or inaccessibility should not constrain people’s innovative ability. What is inclusive innovation? Foster and Heeks (2015) define it this way: “ Inclusive innovation is the means by which new goods and services are developed for and by marginal groups (the poor, women, the disabled, ethnic minorities, etc).” Here, the excluded groups are both producers and customers of innovations.

How to scale innovation

hackerearth

In today’s competitive landscape, it’s important that your products stay ahead of the status quo so you can set apart your company’s offering from the competition. With that in mind, it becomes important for companies to efficiently invest their resources toward coming up with new ideas and developing innovative products. In the process of developing cutting-edge products, innovation is just the first step. Hackathons as tools for innovation.

How to scale innovation

hackerearth

In today’s competitive landscape, it’s important that your products stay ahead of the status quo so you can set apart your company’s offering from the competition. With that in mind, it becomes important for companies to efficiently invest their resources toward coming up with new ideas and developing innovative products. In the process of developing cutting-edge products, innovation is just the first step. Hackathons as tools for innovation.

The Innovation Journey Map

Destination Innovation

The Customer Journey Map is a popular management tool. The Innovation Journey Map (IJM) is a similar concept showing the journey that an innovation takes from initial conception through to final implementation. The purpose of the IJM is to realistically assess what is happening with innovative ideas within your organisation, to identify impediments and delays and to significantly improve the innovation process. Here is a simplified IJM for a new product.

Why you need extreme constraints to fuel innovation

hackerearth

Amazing, cost-effective and extremely useful innovations come out from this frugal science advocate’s lab. Never having gotten near bankruptcy like other airline majors, Southwest Airlines with its nonconformist culture has remained profitable for close to 50 years using focused innovations. Innovation is more about thinking than about product or process innovation. Perhaps, this is why startups are often synonymous with successful innovation.

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Khaldoun Aboul-Saoud

Innovation 360 Group

Background: Khaldoun is an experienced, executive, design thinking, User Experience, leadership and change management consultant, who provides consulting and coaching for executive clients and business units. He has long proven career history of operating at senior level in Sales & Business Development, Marketing and Management positions with Multinational High Profiles organizations. Area of expertise: Change Management. Conflict Management. Culture Change.

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. Innovations that survive are most often those that are supported by an organizational culture that plans innovation strategically and maintains a portfolio of ideas that function well in relation to each other. In fact, strategy, leadership and capabilities are the foundation but culture is the enabler.

Data 40

Top Jobs for Innovation Professionals in 2019

IdeaScale

Companies in every industry are accepting that complacency and failure to innovate are tantamount to negligence. Failing to innovate can cause even a large established business to lose ground to competitors that more fully embrace innovation. It requires more than just saying “Innovation is good.” An innovation strategy is a key business asset, and innovation leadership is no longer nice to have, but necessary. Innovation Consultant.

Idea Competitions and Why Your Business Needs One

Ideanote

They all swear by in-house innovation programs which give every employee a chance to pitch their ideas. So, if you want to join the innovative crowd and get some fresh input for your new product, internal idea competition is your answer. Not only will you get the ideas you need, but also boost your innovation culture, employee engagement, and promote internal collaboration. Usually, open innovation challenges also include participants outside your company.

3 Dimensions of Innovation: the 23 Capabilities your company needs to succeed

Idea to Value

The image here is the list of exactly which capabilities your company needs to succeed at innovation. Almost every business leader will tell you that they value innovation and that it is a positive & important factor for their company. In fact, innovation and creativity are cited as being some of the most important skills and differentiators listed by CEOs which will determine their future success. The Three Dimensions of Innovation (by Nick Skillicorn).

Where Are You on an Innovation Scale?

CREATORS

In this article, we share Creators’ experiences and market observations to give you a brief overview of a typical corporate innovation journey. In today’s constantly evolving markets, the need for innovation is as important as ever. Every company wants and needs to be innovative?—?“able?—?over to create value and sustain/increase the market share by making changes to product portfolio, business models and company structure”. internal innovation activities (e.g.

How to Achieve High-Quality Ideas in Idea Competition?

Ideanote

In the previous blog post, we laid out the concept behind in-house innovation competition and the benefits that come with it. Now, we will give you a few useful tips on how to manage the contest to assure high-quality ideas are born. If you already picked a suitable innovation management platform to get you started, it is time to plan your first idea contest. Internal idea competitions are a great way to take the organizational innovation culture to a new level.

Capabilities and Leadership Close the Skills Gap in Manufacturing

Innovation 360 Group

When it comes to innovation, building capabilities and applying the right leadership style give top performing manufacturers the edge over skills-focused peers. As the manufacturing sector speeds into a world of futuristic tech and disruptive business models, creativity and innovation are becoming critical skills for figuring out how to unlock value strategically. Figure 1: Innovation tops the list (Source: World Economic Forum).

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. Kodak found itself with a great product, but they did not continue investing in it to make it evolve; they did not innovate as far as they should have. Today, innovation is a debt that no company wishing to be competitive should acquire.

Principles of open innovation

hackerearth

There are all examples of open innovation (OI) at its best. Popularized by Henry Chesbrough,“Open Innovation” term refers to the broad concepts of leveraging external sources of technology and innovation to drive internal growth. As opposed to traditional closed models where companies use primarily internal resources to drive innovation, in the newer open models, knowledge crosses an organization’s boundary for commercialization in new or existing markets.

3 Innovative Projects with Ideanote to Get '19 Started

Ideanote

What better way to start this new year than to put actions behind words on that innovative organization culture of yours? As an all-in-one innovation platform, Ideanote can be successfully used in a manner of different ways. Open innovation, idea management platform, employee motivation tool – the possibilities are, if not endless, then at least plenty. Happy innovating! Open innovation can be applied to different areas, with different goals and outcomes.

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

Open Innovation EU

From that perspective alertness is the discovery of hitherto overlooked current facts and the entrepreneur’s perception of the way in which those discoveries could shape the future market conditions (Kirzner, 1999) and creativity could best be described as the way entrepreneurs deal with radical uncertainty by building upon their qualities of boldness, innovativeness and creativity (Kirzner, 1999). Are managers prepared to allow experimentation? Introduction.

Typology for Innovative Organizations

Open Innovation EU

To my opinion, Mintzberg’s work was a refreshing change to the world of organization design that until then has been largely influenced by Taylor’s Scientific Management Approach and Henry Ford’s efficiency-based adaptation of that. In fact, building blocks as ‘middle management’ might only still exist on paper today. It enhances productivity. But times are changing and organizations are emerging, scaling and managed completely differently.

Themes for the practice of open innovation

Open Innovation

Like my OI collaborators Henry Chesbrough & Wim Vanhaverbeke, I get a lot of emails (and receive many Google News updates) on businesses and consultants touting some claimed breakthrough on open innovation. I first met Cheryl in 2007 — when I was hired to train Kimberly-Clark execs on open innovation — and in 2012 Cheryl invited me to present my research at CoDev2012 when it was in San Diego. Culture: Leverage early ‘wins’ to drive change.

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 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.

The Benefits of Open Innovation

HunchBuzz

Open innovation is the life blood of many corporations. One of the greatest benefits of open innovation is the ability to find and groom innovators who already have products and technologies. Experts find that it is twice as valuable to bring on a ready-made product than to develop one from scratch. This is because even those in a corporation hired to work on technological and product innovations rarely have as much time to do the work they were hired to do.

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.