Why Financial Organizations Must Fight Digital Disruption with Digital Disruption

Qmarkets

The term ‘Digital Disruption’ describes the situation where an existing industry is being altered by emerging digital technologies. These new technologies lead to innovations, often creating new markets and value markets that can impact the established leaders in the industry.

Why Financial Organizations Must Fight Digital Disruption with Digital Disruption

Qmarkets

The term ‘Digital Disruption’ describes the situation where an existing industry is being altered by emerging digital technologies. These new technologies lead to innovations, often creating new markets and value markets that can impact the established leaders in the industry.

How Corporations Can Manage New Ventures and University Projects as Extensions of their Advanced Product Development

Corporate Innovation

Professor Ikhlaq Sidhu and I recently started talking about how the interest of corporations in the innovations created by startups is leading to changes in corporate R&D models, an area he has been studying for some time. The World of Innovation Has Changed.

How Corporations Can Manage New Ventures and University Projects as Extensions of their Advanced Product Development

Corporate Innovation

Professor Ikhlaq Sidhu and I recently started talking about how the interest of corporations in the innovations created by startups is leading to changes in corporate R&D models, an area he has been studying for some time. The World of Innovation Has Changed.

How Corporations Can Manage New Ventures and University Projects as Extensions of their Advanced Product Development

Corporate Innovation

Professor Ikhlaq Sidhu and I recently started talking about how the interest of corporations in the innovations created by startups is leading to changes in corporate R&D models, an area he has been studying for some time. The World of Innovation Has Changed.

Shifting Radically the Innovation Business Model

Paul Hobcraft

Shifting Radically the Innovation Business Model. I have been spending some significant time on questioning the current innovation business model, from both the customers (clients) perspective and the innovation consultants’ one. The innovation consultants’ dilemma.

15 most important Innovation Theories your company should be using

Idea to Value

Every company says that innovation is important, and that they value the ideas of their people. Yet the problem lies in the fact that so few established companies actually know how to go about getting value out of their innovation ambitions, let alone turning it into profit.

Evaluating Crowdsourcing – offering a bright future?

Paul Hobcraft

Crowdsourcing has been growing in interest for some time to change our thinking in innovation discovery. All in all, if applied carefully it can provide you a leading edge of innovation knowledge and insight. 6) it can create breakthrough innovation.

Our inabilities to adapt needs changing.

Paul Hobcraft

Erosion is everywhere, it just seems inevitable, we somehow get caught up in the process of time and our organizations seem to ‘freeze’ before our eyes, then simply age. Unless we create a strategy to transform, how can we re-imagine our innovation processes?

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The innovating power of ecosystems and platforms

Paul Hobcraft

Our whole understanding of innovation is changing; there are numerous shifts occurring. We need to find a new way of doing things differently around innovation and its management. The phase of “open innovation” connecting one party with another (one to one) is well-established.

Exploring the Intrapreneurial Way in Large Organizations

Paul Hobcraft

It is tapping into an internal need for everyone involved, to innovate in different and more radical ways. The ones who will want to frustrate, exhaust and determine a pathway towards project death by any means are a constant threat.

Agile 153

Exploring the Intrapreneurial Way in Large Organizations

Paul Hobcraft

It is tapping into an internal need for everyone involved, to innovate in different and more radical ways. The ones who will want to frustrate, exhaust and determine a pathway towards project death by any means are a constant threat.

Agile 153

Decision making in strategic uncertainty

Innovation 360

What’s the hardest part of commercialising innovative concepts? First, the Innovation Process consists of four phases; Ideation, Selection, Development, and Commercialization. In our global analytic tool and database, InnoSurvey™, we measure the Innovation Capability needed in each an one of this phases. Table with InnoSurvey results showing Selection is perceived as the hardest phase in Innovation Process.

Innovation and Organizational Culture

Integrative Innovation

Recently, the Boston Consulting Group (BCG) has published key findings of their latest “ Most Innovative Companies 2014 ” survey. According to BCG’s research, successfully innovating companies approach innovation as a system. Adaptability and innovation culture.

Building a Culture of Innovation by Creating A Structure for Unstructured Innovation

Rmukesh Gupta

The need for innovation has never been more acute for businesses than it is today. Every CEO of any sizable business is worrying about which startup from which garage is going to change the rules of their game and disrupt them. Incremental innovations.

What do we expect from Innovation? Mostly disappointment

Paul Hobcraft

Good innovation is notoriously hard to achieve. 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.

Report 208

Understanding Open Innovation

IdeaScale

Historically, research and development departments within organizations were solely responsible for coming up with innovative ideas. Traditionally, corporate innovation has been an inside job, with few exceptions. The ultimate result is open innovation, the concept that good ideas come not just from within organizations, but from outside them as well. Why Open Innovation Is Emerging as a New Paradigm. The post Understanding Open Innovation appeared first on IdeaScale.

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. Let’s have a brief look at each of them: Differentiating and integrative innovation concepts.

B2B 77

Open Innovation: definition, what types and benefits

mjvinnovation

We could summarize open innovation as the use of inflows and outflows of knowledge to accelerate internal innovation and expand markets. Keep reading to understand in depth what open innovation is and how it can be used in your business! The open innovation concept.

I would recommend applying the Innovation Value Proposition

Paul Hobcraft

An innovation value proposition (IVP) is not the easiest place to go. It must build meaning and purpose and provide that unique identity that enables innovation to flow. That now seems like ages ago, and a lot has changed in how we manage innovation since then.

Report 232

How to test & iterate new product & service ideas faster & cheaper

Leapfrogging

Moving faster and cheaper when innovating new products and services ideas is the name of the innovation game. And believe me, those inventions were not disruptive in any way. The only thing that’s disruptive is customer adoption.”. The key to innovation is iteration.

How To 158

5 Ways to Test Innovative Ideas (Cheaper and Faster)

Leapfrogging

A few weeks ago, Jeff Bezos voiced a dirty little secret about disruptive innovation: it’s not just about creating groundbreaking new products and services, it’s about creating groundbreaking new products and services that people actually want to buy. “At

The gulf between innovation goals and execution

RTI Innovation Advisors

Accenture has recently published an innovation survey of 500 executives in the US. I'm particularly partial to portions of this survey because the authors identify a real and growing problem - the gap between what executives want from innovation, and the organization's ability to deliver. By now everyone knows that innovation is a top three priority for executives. But saying that innovation is important doesn't mean it will get funded, get prioritized and get done.

Survey 122

5 Ways to Test Innovative Ideas (Cheaper and Faster)

Leapfrogging

A few weeks ago, Jeff Bezos voiced a dirty little secret about disruptive innovation: it’s not just about creating groundbreaking new products and services, it’s about creating groundbreaking new products and services that people actually want to buy. “At

Day to Day Innovation Survey Results to date

RTI Innovation Advisors

Many of you know that we are conducting a survey of innovation practitioners. Remember that we are interested in what the people who are actually "doing" innovation think. There are plenty of surveys that report what CEOs or senior executives think, but not enough is heard from the people who are responsible for day to day innovation projects and activities. Two-thirds of respondents to date place their innovation focus at very incremental or incremental.

Survey 184

Reducing the friction around innovation

Paul Hobcraft

Well, I also believe these apply equally as innovation frictions. So I decided to builds out of their friction analysis, building on the thoughts offered in the report, adding the innovation perspective. The frictions hold true for innovators to resolve.

The Innovative Mentor

IdeaScale

They take a long-term view of their staff and see innovation projects as an opportunity to stretch their employees’ capabilities and to help them achieve their aspirations. Depending on the scope of their ideas, innovators’ careers can be significantly shaped by this journey.

Sofie Lindblom

Innovation 360 Group

Sofie Lindblom is an Innovation Expert, Diversity Champion, Speaker, and Writer. Sofie is the CEO and Co-founder of the global innovation platform ideation360, a subsidiary to Innovation360 Group. Prior to this role she was the Global Innovation Manager at Spotify.

Be the Architect: Designing an Integrated Innovation System

IdeaScale

In a turbulent marketplace, when complexity can add even more confusion, it is important to have a simple and straightforward innovation system. The Value of an Integrated Innovation System . Select and fund the best : To understand the process for competing for approval and funding.

System 208

Be the Architect: Designing an Integrated Innovation System

IdeaScale

In a turbulent marketplace, when complexity can add even more confusion, it is important to have a simple and straightforward innovation system. The Value of an Integrated Innovation System . Select and fund the best : To understand the process for competing for approval and funding.

System 207

Applying the Three Horizon Thinking to a Fresh Perspective of Innovation Design

Paul Hobcraft

It is not just for innovation application, that can determine innovation activities. Thinking in different horizons prompts you to go beyond the usual focus of fixing innovation just in the present it provides the connections of the present with the desired future.

Design 148

How companies strangle innovation – and how you can get it right

Steve Blank

— I just watched a very smart company try to manage innovation by hiring a global consulting firm to offload engineering from “distractions.” They accomplished their goal, but at a huge, unanticipated cost: the processes and committees they designed ended up strangling innovation.

The innovation value lies within the new system

Paul Hobcraft

As many of our business organizations seek to optimize their processes across the company, they are constantly reaching more outside to gain growing partnerships and greater innovation interactions. Building new innovative collaborations. The evolving innovation lab.

System 165

Office of Naval Research (ONR) Goes Lean

Steve Blank

The Office of Naval Research (ONR) has been one of the largest supporters of innovation in the U.S. Now they are starting to use the Lean Innovation process (see here and here ) to turn ideas into solutions. The result will be defense innovation with speed and urgency.

LEAN 50

Corporate Innovation – How To Overcome Unique Challenges

Econic

The biggest challenges in corporate innovation and how to navigate them. Corporate innovation is hard. More and more, we’re seeing innovation programs close their doors after only a few years, with few senior leaders in the organization recognizing any real value from their efforts.

How To 106

Why Go Digital?

etventure

etventure’s CEO for North America, Lukas Bower, provides some context – and clarifies why business leaders should not only “Go Digital”, but make innovation a top priority. So, the industry simply carried on with business as usual – putting innovation on the back burner.

Developing an agile innovation strategy

Idea Drop

Agile project management involves dividing tasks into short phases of work, or ‘sprints’, with continuous reassessment and adaptation of plans. Stemming from the word agile, meaning to move quickly and easily, it is no surprise that such a methodology goes hand in hand with innovation.

Agile 64

So Where Is Innovation Heading?

Paul Hobcraft

I have written a fair amount about the new innovation era, offering a view on its future design. One that is jumping to a fresh cycle of innovative design. To achieve this innovation has gone digital, pure and simple. So the need to innovate comes from digital as the source.

Innovation and Organizational Culture

Tim Kastelle

Recently, the Boston Consulting Group (BCG) has published key findings of their latest “ Most Innovative Companies 2014 ” survey. According to BCG’s research, successfully innovating companies approach innovation as a system. Adaptability and innovation culture.

Innovation in the file cabinet

RTI Innovation Advisors

Not long ago our innovation team was asked by a client to lead an innovation project to create a new product. It's important to understand what the client knows about innovation, what they have learned or attempted previously. Innovation can be strange and new, and if other tools or methodologies are familiar or in use, it's often valuable to incorporate them into our processes if possible, rather than ignore them.

10 Commandments of Corporate (Open) Innovation

CREATORS

Yet, they are failing at corporate innovation. They fear competition and disruption, they are afraid of the future, but at the same time they are afraid to take bold decisions and change their businesses overnight?—?which We believe that it doesn’t take a lot to do innovation better.

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. The ultimate definition of innovation. Innovation is truly a confusing buzzword which many people love to hate.

Decision making in strategic uncertainty

Innovation 360 Group

What’s the hardest part of commercialising innovative concepts? First, the Innovation Process consists of four phases; Ideation, Selection, Development, and Commercialization. Table with InnoSurvey results showing Selection is perceived as the hardest phase in Innovation Process.