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.

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.

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.

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.

Are You Doing Agile Right?

Leapfrogging

What is the Agile Innovation Process, and what are best practices, tools and online templates for teams and organizations? This process can be transformative to businesses across various industries, especially in the realm of software development and manufacturing. Still, when it comes to truly tapping into the potential of the agile process, you must look to innovation teams for inspiration. What internal business processes do we need to implement a change?

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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.

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.

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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 155

Every idea needs a sponsor

RTI Innovation Advisors

As I noted yesterday, I'm writing a series of posts about what I've learned over the last 15 years of corporate innovation work. Yesterday I wrote about needing a "why and a how" rather than a "what" for innovation.

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.

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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.

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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.

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 233

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.

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How to Innovate and Scale

ITONICS

When it comes to innovation , we too often focus on the importance of the individual within the process. In business, we usually identify good innovators and foster their ability to develop creative practical solutions to new problems. 2 Understand the Four States of Disruption.

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.

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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

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.

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.

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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.

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

How to lead intrapreneurship and innovation

The Future Shapers

Picked up “Creative construction, the DNA of sustained innovation” Why intrapreneurship. They have incredibly deep reservoirs of technical talent and operational skills critical to bringing innovations to the market. What type of innovation do you need?

Getting Started with Innovation Management

Strategos

What is Innovation Management? Innovation Management involves all activities that provide the right conditions for innovation to repeatedly deliver value for customers, competitive advantage and growth for the business as well as benefits for employees and all other stakeholders. Innovation management needs to become a professional discipline. Practices such as project management and total quality were introduced decades ago and have matured over time.

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.

Open and Closed Innovation: what are the differences?

mjvinnovation

When we think of Open Innovation, it is tempting to associate it with the opposite of Closed Innovation, the traditional one, generated by our own efforts in organizations, without the aid of external entities and agents. The opening of the business to external innovations comes to broaden the horizons, provide more means to continue developing and competing in a market that demands more and more inventiveness and disruption. What is Open Innovation?

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.

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