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What is innovation? 15 experts share their innovation definition

Idea to Value

I spoke to 15 of the world’s leading innovation experts to get their definition of “innovation” The variety in their responses may surprise you. Analysis of all the definitions. The ultimate definition of innovation. Innovation is truly a confusing buzzword which many people love to hate.

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Innovation project or Innovation Capability?

Jeffrey Phillips

I've been writing, speaking and consulting about innovation for over 15 years, and I'm constantly amazed by the different perspectives and definitions about innovation. Then, a problem or opportunity is defined, a team designated, and the proposition is defined as an innovation activity.

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Book Review - Built to Innovate by Ben Bensaou

Jeffrey Phillips

So, for the first 3/4ths of the book, the text and what it says seems a rehash or a repeat of many innovation books, full of vignettes with senior leadership, with the introduction of new frameworks and some new insights. Then, in Chapter Ten, Bensauo introduces the BTI seven step innovating process, built on work from INSEAD.

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Building a lasting innovation capability

Jeffrey Phillips

Note that what my clients are asking for is to create an innovation capacity that outlasts a product need, or market gap, or executive team member. After all, most (probably 90%) of all innovation projects undertaken in large corporations are reactive projects trying to respond to a market threat or competitive move.

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The Future of Design Thinking: Integrating Artificial Intelligence for Success

Leapfrogging

With AI’s predictive analytics, machine learning algorithms, and natural language processing, leaders and innovators are unlocking new potentials in understanding user needs and market trends. Leveraging Data Analytics for Problem Definition Data analytics, powered by AI, can transform raw data into actionable insights.

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Putting Brainstorming in its place

Jeffrey Phillips

I find that I've become increasingly irritated with all of the narrow interpretations and self-serving definitions of what is, or isn't, innovation. I'm happy to climb up on a soapbox again to talk about one of the most common scapegoats for innovation, the act of brainstorming. It is not the only idea generation technique.

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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. And, thirty-eight percent vs. 22% are very satisfied with the return on their innovation investments.