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. MORE

New Service Offering for Digital Technology Innovation. Discover Ideas for Long Term and Tactical Innovation Projects. Chicago, IL, August 1, 2018 — The MoshPit Innovation Service is an innovation project discovery service marketed by GFi (Gregg Fraley Innovation). It’s designed to uncover unlikely, but useful, combinations of technologies, products, services, trends, and insights that lead to breakthrough innovation. MORE

Too many ideas? The challenge lies in capturing, organizing, and testing ideas to bring new innovations to market fast enough to realise value. . The chaotic process of creativity is difficult to predict, yet is often the essential fuel for new idea generators. While organizations have an ability to gather ideas, many still struggle with the remaining phases of the innovation process. Organize a large volume of ideas? MORE

The first part highlighted that radical and incremental innovation build on two different innovation set-ups (exploration and exploitation, respect. New research: ambidexterity well done is a key driver for innovation performance. One of the key findings of this paper is that “in uncertain [business] environments, organizational ambidexterity appears to be positively correlated with increased innovation, better financial performance and higher survival rates.”. MORE

Good innovation is notoriously hard to achieve. There are so many obstacles and uncertainties as you take an idea or concept through to eventual release. Others looking at the innovation progress keep demanding tangible evidence and quantifiable guarantees that the outcome provides clear returns. Much of the innovation discovery journey is a disappointing one. A promising idea did not foresee a roadblock that cannot be resolved. MORE

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?”. Below are 6 reasons why innovation programs can fail. Leaving innovation to chance is more often a gamble where odds are not always in your favor. Take the following innovation management process for example. MORE

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. MORE