Moneyball for Innovation Part 2 (Innovation Process): A New Set of Metrics for Measuring Real Innovation

The Vault

In Part One , we recently talked about the need for an Innovation Measurement system and how it might be developed. Part Two outlines the Innovation Process part of the system, which describes the “necessary but not sufficient” things that you need to do in order to innovate.

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.

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Future-Proofing Financial Market Innovation – Fighting 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. Financial organizations of all shapes and sizes are being disrupted by small, agile, innovative and technology-oriented companies which offer convenient and efficient services.

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.

Transformation and innovation: There is no quick fix: Part 2

The Future Shapers

Transformation B : As explained in Part 1: Transformation and innovation: There is no quick fix , there is no doubt that transformation A is difficult. Keys to transformation B success From 1950 to 1980, disruption was indeed dominated by startups.

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 with a leading edge of innovation knowledge and insight. 6) it can create breakthrough innovation.

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.

35 Ways to Use Idea Management Software to Drive Business Results

The Future Shapers

Process improvement. Every organization has plenty of business processes. These processes were all created for a reason but very few of them are perfect. Just like processes, no product is ever perfect. Idea Management Innovation Management Innovation Process

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.

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.

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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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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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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.

Why Every Large Organization Should Decentralize Innovation

Idea to Value

I recently met with a very successful company that is seen as a highly innovative global pioneer that others in their industry, which is facing many structural headwinds and inevitable changes, look up to. The challenge s of centralized innovation.

Every idea needs a sponsor

Jeffrey Phillips

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 Management Software: 4 Essential Components

IdeaScale

Businesses are rapidly realizing that innovation isn’t something that “strikes,” but something that can be encouraged, generated, and managed for the good of the company, its employees, and its customers. Innovation colors outside the lines and thinks outside the box.

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.

70:20:10 Rule of Innovation

ITONICS

One of the challenges that companies face is understanding how to manage their innovation resources. Should they go after the disruptive and risky idea? Or concentrate more on incremental innovation, improving their current products that already have generated customer interest?

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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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.

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.

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PESTLED360: Iron Out Key Driving Forces in Your Current Environment and Anticipate Future Ones

Innovation 360 Group

Are you confident in your strategic thinking, and your organization’s internal innovation competencies and skills? Innovation 360 has used this framework in many assignments. Innovation 360 uses a six-step process. This is what we call incremental innovation.

Official Launch of the PESTLED360

Innovation 360 Group

Welcome to the Innovation 360 presentation of the world’s first collaborative, data-driven artificial intelligence-driven method and tool for collecting, analyzing, and nailing down what you need to know now and in the future. This approach is conducted in a six-step process.

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

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

70:20:10 Rule of Innovation

ITONICS

One of the challenges that companies face is understanding how to manage their innovation resources. Should they go after the disruptive and risky idea? Or concentrate more on incremental innovation, improving their current products that already have generated customer interest?

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.

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.

The gulf between innovation goals and execution

Jeffrey Phillips

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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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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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