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Innovation cannot expand without the 4th Industrial Revolution

Paul Hobcraft

We are a long way away from fully capturing the benefits of the Fourth Industrial Revolution (4I)R in an inclusive and holistic way. In a recent report, jointly from the World Economic Forum and McKinsey called the “ The Fourth Industrial Revolution and the factories of the future ” t hey made a number of observations.

Industry 213
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What do we expect from Innovation? Mostly disappointment

Paul Hobcraft

Then we have that often-delusional aspect; where the organization has this total belief they are well ahead of their competitors and simply point to their financial performance as the justification that their innovation is superior when it is so many other factors that have determined that. Then disruption suddenly hits.

Report 212
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So Where Is Innovation Heading?

Paul Hobcraft

The importance of big data, the speed of technology adoption, mobile products, digital design, and technology platforms are at the heart of innovation. It will fundamentally change the type of resources innovation requires. The whole point for innovation today is digital has altered our understanding.

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The Case for Dual Innovation

Tim Kastelle

Breakthrough innovators are willing to make decisions and choices as much on the basis of intuition and insight as on data and forecasts – they bet on people rather than manage a process. Similarly, about 70 percent of disruptive innovators also lean toward a more centralized approach. Source: Accenture.

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The core principles of Leading FOR Innovation

Cris Beswick

I’ll unpack the core principles of ‘Leading FOR Innovation’ and share approaches to help overcome the organisational antibodies that often stifle innovation, empowering teams to unleash bold ideas that can reshape your industry’s future. Horizon 1 activity has lower risk but also lower return.

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What is innovation, and how can it benefit your company?

mjvinnovation

Incremental innovation: additional development and/or optimization of existing products, services, or models. 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; ?

Company 40
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Treating Innovation Risk Differently, Dealing with Uncertainty

Paul Hobcraft

As Accenture in one of the few reports discussing risk and innovation “ The art of managing innovation risk ” state: “Few decision makers want to take responsibility for a failed experiment, so extreme caution usually prevails when new ideas are assessed. So we tend to go to default. Risk mitigation kicks in.