The BMI Lab Blog

JUNE 29, 2022

2005) that the ´failure to adequately define the market is a key factor associated with venture failure´, we identify the definition of the target customer as one central dimension in designing a new business model. According to the degree of innovation, innovations can be divided into evolutionary and disruptive innovations.

Technical Review 52

Technical Review Radical Innovation Disruption Innovation 52

Paul Hobcraft

OCTOBER 1, 2018

When they are constantly scanning reports on the “state of innovation” it can often lull them, to give some that warm glow, others quickly being dismissive, disregarding many of the key messages as “not applicable to me”. Then disruption suddenly hits. Now that is very disappointing but what do we expect from innovation?

Report 212

Report Innovation Survey Disruption 212

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? To protect current business models.

Radical Innovation 60

Radical Innovation Innovation Marketing Disruption 60

Tim Kastelle

APRIL 30, 2016

Similarly, about 70 percent of disruptive innovators also lean toward a more centralized approach. 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. Source: Accenture. Source: Detecon.

Disruption 100

Disruption Innovation Survey Study 100

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

Integrative Innovation

MARCH 16, 2014

The corresponding integration of incremental and radical innovation can basically be achieved in different ways: Building ambidextrous and lean startup capabilities. Established organizations with larger size usually target at extending their core business by incementally innovating their existing business model.

Radical Innovation 83

Radical Innovation LEAN Underperforming Technical Team Disruption 83

Paul Hobcraft

AUGUST 11, 2015

I have already started to lay out a case for significant change in my first post “ Shifting Radically the Innovation Business Model ” suggesting the innovation consultant has to redesign their role, position and service offering, to stay relevant within any management of innovation.

Innovation 100

Innovation Competition Disruption Collaboration 100

Innovation 360 Group

MAY 29, 2016

All companies have a conscious or unconscious strategy, leadership, culture, capabilities, and competencies they use to improve and innovate business internally (e.g. According to Steve Coley (2009) the innovation work can be divided into three parallel Horizons , each one representing an S-Curve. value proposition).

Company 40

Company Radical Innovation Leadership Study 40

Innovation 360

MAY 29, 2016

All companies have a conscious or unconscious strategy, leadership, culture, capabilities, and competencies they use to improve and innovate business internally (e.g. According to Steve Coley (2009) the innovation work can be divided into three parallel Horizons , each one representing an S-Curve. value proposition).

Company 40

Company Radical Innovation Leadership Study 40

Paul Hobcraft

MAY 18, 2016

In this post two, within a three part series, I build the argument on why we need to treat innovation differently within any risk assessment. Part one focused on linking risk into an innovation strategy that needed to align to the corporate one. Is innovation even fully aligned into the corporate strategy?

Innovation 133

Innovation Guidelines Learning Management 133

The Inovo Group

MAY 30, 2019

The author presents a clear three-part framework consisting of Innovation Strategy, System and Culture that a large company needs to use to be an innovative organization. To do so, the author presents the following framework for creating and sustaining a capacity for innovation. Collaborative but Individually Accountable.

Technical Review 40

Technical Review Software Review Creativity System 40

Integrative Innovation

APRIL 7, 2016

Similarly, about 70 percent of disruptive innovators also lean toward a more centralized approach. 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. Source: Accenture. Source: Detecon.

Disruption 40

Disruption Innovation Survey Study 40

Innovation Excellence

MARCH 11, 2018

One of the best innovation stories I’ve ever heard came to me from a senior executive at a leading tech firm. Apparently, his company won a million dollar contract to design a sensor that could detect pollutants at very small concentrations underwater. It was an unusually complex problem, so the firm set up a team.

Strategy 47

Strategy Strategy Innovation Design 47

Integrative Innovation

OCTOBER 12, 2017

Our Dual Innovation approach (see figure 2) combines these two concepts in a unique way. If a company does not master Scaling-Up there is a high chance that all the activities in Playing Field 3 will remain only innovation theater. Figure 3: Organizational design options for Reshape the Core (Playing Field 2).

Innovation Management 49

Innovation Management Management Innovation Strategy 49

hackerearth

MARCH 28, 2018

The best practice for successful co-innovation and for avoiding future disappointment is to fill the knowledge gaps before the beginning of a project. Benefits of co-innovation. Making customers, vendors, and other stakeholders a part of the innovation process is a strategy many successful businesses use to stay ahead of the curve.

Open Innovation 68

Open Innovation Survey Collaboration Innovation 68

Integrative Innovation

SEPTEMBER 11, 2018

The solution to this question lies in the middle part of an end-to-end process for non-incremental innovation. We call this part ‘ Scaling-Up ‘ Typically, companies have little problems in generating ideas for adjacent, radical or even disruptive innovation and in validating the most promising ideas.

Innovation Management 40

Innovation Management Disruption Design Management 40

ITONICS

JULY 30, 2018

If a company focuses on incremental innovation and simple stage-gate ideation processes only, it won’t keep up in the long run. In addition to transforming a whole industry, disruptive business models also push and promote paradigm changes. Is there a pattern for disruption & breakthroughs?

Underperforming Technical Team 40

Underperforming Technical Team Disruption Innovation Big Data 40

Paul Hobcraft

MAY 18, 2016

In this post two, within a three part series, I build the argument on why we need to treat innovation differently within any risk assessment. Part one focused on linking risk into an innovation strategy that needed to align to the corporate one. Is innovation even fully aligned into the corporate strategy?

Innovation 133

Innovation Guidelines Learning Management 133

Wazoku

NOVEMBER 29, 2017

What might the link be between Barcelona, fostering innovation with technological solutions and organisations looking to give the people what they want? This two-part series will explore the topic of a session I recently gave at a Design Thinking and Business Innovation Summit. Technology is best when it is invisible.

Technology 40

Technology Artificial Inteligence Innovation Design Thinking 40

Paul Hobcraft

DECEMBER 16, 2015

Roger Martin suggested some time back “ that modern leaders need integrative thinking to embrace complexity, tolerate uncertainty and manage tension in searching for creating solutions to problems “ It is learning to make different choices in a far more creative process, often more disruptive to our established norms.

Innovation 100

Innovation Resources Design Management 100

Integrative Innovation

AUGUST 4, 2018

Most of those activities have a non-incremental innovation focus in nature, commonly targeted at. bringing about radical, yet sustaining opportunities to adapt / extend the current core business (e.g. exploring novel disruptive opportunities (e.g. digitalizing products, services or operating models).

Engagement 40

Engagement Tools Innovation Disruption 40

Integrative Innovation

APRIL 4, 2017

Modern Dual Corporate Innovation Management approaches encompass two complementary directions of impact : Transforming the Core (by largely changing or even disrupting the existing operating model). Creating the New (by largely changing or even disrupting the existing business model).

Disruption 53

Disruption Agile Innovation Collaboration 53

Paul Hobcraft

MAY 5, 2016

Venture Capital is a driving force behind entrepreneurship and innovation. It fuels the economy, creates growth opportunities for companies large and small and, it funds the business development strategies of major corporations. Innovation portfolio management designed.

Innovation 100

Innovation Engagement Technical Review Entrepreneurship 100

hackerearth

MAY 12, 2017

Huge layoffs and millions of dollars in losses drove the company to adopt a business strategy that focused on capabilities. Even though the Mac business was picking up, it was only in 2001, with the release of the iPOD (now retired) disrupting the digital music market, did Apple start soaring. Read this if you want to delve deeper.)

Innovation 40

Innovation Disruption Marketing Underperforming Technical Team 40

hackerearth

OCTOBER 16, 2017

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.”

Innovation Management 40

Innovation Management Technical Review Management Software Review 40

hackerearth

OCTOBER 16, 2017

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.”

Innovation Management 40

Innovation Management Technical Review Management Software Review 40

Integrative Innovation

JANUARY 27, 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).

Underperforming Technical Team 40

Underperforming Technical Team Big Data Innovation Technical Review 40

Qmarkets

APRIL 24, 2017

As a result, we moved from initially offering solutions limited to the back-end of innovation (project portfolio management and Stage-Gate™ project governance), to the front-end of innovation, where collaborative and open innovation offered very efficient ways to feed the innovation pipeline with more innovative ideas and concepts.

Innovation Programs 56

Innovation Programs Software Review Technical Review Innovation 56

Idea to Value

JULY 21, 2017

At its core, the framework is a collection of strategies and tools for finding inventive solutions to difficult problems. Suggested viewing: 12 – Disruptive Innovation. What it is: One of the most important theories of innovation, but one which is usually completely misunderstood. It has no predictive power.

Company 248

Company Underperforming Technical Team Brainstorming Design Thinking 248

Qmarkets

JULY 8, 2017

As a result, we moved from initially offering solutions limited to the back-end of innovation (project portfolio management and Stage-Gate™ project governance), to the front-end of innovation, where collaborative and open innovation offered very efficient ways to feed the innovation pipeline with more innovative ideas and concepts.

Innovation Programs 40

Innovation Programs Software Review Technical Review Innovation 40

Paul Hobcraft

NOVEMBER 6, 2017

The innovation architecture is progressively being recognized and put into place, it’s forming the building blocks of the innovation platform we need to build upon, ones for more radical innovation outcomes. So the article “ Want to Win at Business Model Innovation?

Innovation 157

Innovation Leadership Strategy Strategy 157

Tim Kastelle

FEBRUARY 21, 2015

After studying innovation among 759 companies based in 17 major markets, Gerard J. Chandy found that corporate culture was a much more important driver of radical innovation than labor, capital, government or national culture. Breakthrough innovators (i.e. Top management is commited to radical innovation efforts.

Culture 100

Culture Radical Innovation Innovation Underperforming Technical Team 100

Innovation Excellence

SEPTEMBER 10, 2018

In recent years, an increasing intensity in collaboration between incumbent companies and startups has been observed. Meanwhile, close to 80% of corporations and startups have already been or are collaborating.

Collaboration 76

Collaboration Company Radical Innovation Open Innovation 76

Paul Hobcraft

JULY 18, 2016

Large organisations sense they are missing out on radically different business opportunities and cast their envious eyes towards the young start-ups, not just coming up with original ideas to solve existing problems and pent-up needs, but seeing the work as potentially disruptive to those managing in the existing space.

Agile 100

Agile Disruption Culture Change 100

Paul Hobcraft

JULY 18, 2016

Large organisations sense they are missing out on radically different business opportunities and cast their envious eyes towards the young start-ups, not just coming up with original ideas to solve existing problems and pent-up needs, but seeing the work as potentially disruptive to those managing in the existing space.

Agile 100

Agile Disruption Culture Change 100

Innovation Excellence

DECEMBER 5, 2017

Research shows that growth fueled through organic innovation is more profitable than growth driven by acquisition, in part because the organizational capability required is vastly different. But the litmus test is.

Innovation 86

Innovation Radical Innovation Entrepreneurship Disruption 86

Innovation 360 Group

NOVEMBER 4, 2018

Disruption is the new normal in the global, mobile, digital world. Masterful innovators aren’t just throwing stuff at the wall to see what will stick (although there is a time and place for this kind of experimentation), they are structured, methodical and systematic in organizing their innovation projects. What do we innovate?

Culture 83

Culture Management Project Leadership 83