The BMI Lab Blog

JUNE 29, 2022

2005) that the ´failure to adequately define the market is a key factor associated with venture failure´, we identify the definition of the target customer as one central dimension in designing a new business model. These processes and activities, along with the involved resources (Hedman and Kalling 2003) and capabilities (Morris et al.

Technical Review 52

Technical Review Radical Innovation Disruption Innovation 52

Paul Hobcraft

OCTOBER 1, 2018

Much of the innovation discovery journey is a disappointing one. Resources constantly “churn” and get depleted, waiting for others to be brought up to speed. Those not involved directly within the innovation project constantly remain skeptical or require more proof. Then disruption suddenly hits.

Report 212

Report Innovation Survey Disruption 212

The BMI Lab Blog

AUGUST 3, 2017

Should I choose an incremental innovation path? Or should I rather look for a radical, or disruptive, approach? Incremental innovation This is a common approach in many established companies, which focus on creating new products and services, with several goals: To grow sales and profits for existing products and services.

Radical Innovation 60

Radical Innovation Innovation Marketing Disruption 60

Jeffrey Phillips

SEPTEMBER 11, 2017

This means innovation will be focused on items and attributes around the periphery - messaging, packaging, claims, rather than interesting or radical innovation of the product or solution. Another approach is to use innovation to ferret out efficiency gaps. But what if your budget for innovation is: zero?

Creativity 161

Creativity Innovation Disruption Product Development 161

Paul Hobcraft

OCTOBER 3, 2016

To work through these we are all being asked to transform but there has to be a clear end, a return for all this energy and resources it requires, that we are being asked to spend? How and where does innovation fit will clearly depend on this transforming effect. Welcome to the transforming world of Innovation Ecosystems.

Collaboration 273

Collaboration Disruption Innovation Technical Review 273

Paul Hobcraft

DECEMBER 22, 2021

This not just comes from the research and development lab but far more to listening and observing customers, the market shifts and trends, to having customer conversations, gaining insights into potential gaps or opportunities in the marketplace or through those that have this market-facing role inside the organization.

Design 130

Design Creativity Agile Resources 130

Cris Beswick

APRIL 16, 2024

Leaders who champion innovation understand its role in driving competitive advantage, increasing market share, and, often, creating entirely new markets. Embracing the reality of continuous volatility Remaining relevant means staying vigilant to the constant changes initiated by customers, markets, regulators, employees, etc.

Innovation 59

Innovation Culture Creativity Disruption 59

Paul Hobcraft

MARCH 27, 2018

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 road you take will decide where innovation is heading for you.

Innovation 186

Innovation Radical Innovation Design Big Data 186

Innovation 360 Group

MAY 21, 2020

Often it is misused as a framework for assessing a specific market or even an organization itself. PESTLED illuminates current influences, but more importantly, it alerts you to rapidly approaching changes and market dynamics across industries. It illuminates connections in the data so you can begin to defend your market value.

Radical Innovation 69

Radical Innovation Artificial Inteligence Data Analysis 69

Wazoku

APRIL 5, 2018

The innovation spectrum. Innovation is not one specific thing, it is a spectrum. It can start with small, incremental changes and expand to radical innovation, creating brand new solutions or disrupting an entire industry. How to move up the innovation spectrum? Incremental. Differentiated.

Radical Innovation 45

Radical Innovation Innovation Innovation Processes Brainstorming 45

Innovation 360 Group

MAY 21, 2020

Innovation 360 has used this framework in many assignments and has often seen it misused as a framework for assessing a specific market or even the organization itself. PESTLED can illuminate current influences, but more importantly, it can alert you to rapidly approaching changes and market dynamics across industries.

Radical Innovation 52

Radical Innovation Artificial Inteligence Data Industry 52

Integrative Innovation

MARCH 16, 2014

The corresponding integration of incremental and radical innovation can basically be achieved in different ways: Building ambidextrous and lean startup capabilities. Established organizations with larger size usually target at extending their core business by incementally innovating their existing business model.

Radical Innovation 83

Radical Innovation LEAN Underperforming Technical Team Disruption 83

Tim Kastelle

MARCH 7, 2016

Reinvention through business model innovation. Accelerating dynamics and pace of disruption in most industries, in particular triggered by the perfusion of new technologies, lead to decreasing life times of existing business models. Platform business models tend to affect, oftentimes disrupt, multiple industries over time.

Innovation Management 100

Innovation Management Management LEAN Technical Review 100

Innovation 360 Group

JUNE 25, 2020

Assume that you have a number of projects that you want to execute, and you have a number of resources that can be used to execute them (resources such as innovation managers, or programmers). If the resources can be organized so all projects can be optimally executed without any interdependencies (i.e., Interdependency.

Project 52

Project Resources Radical Innovation Innovation 52

Paul Hobcraft

MAY 18, 2016

Innovation is a learning process not to be confused with a safety procedure, both can be effectively managed and different in their treatment. Equally we have learnt innovation evolves due to this learning process and how ‘it’ interacts with customer needs. As a result, promising ideas are often smothered.

Innovation 133

Innovation Guidelines Learning Management 133

Innovation 360 Group

MAY 29, 2016

A fter collecting and studying innovation data from over 1,000 companies in 62 countries, I’m often asked whether Small and Midsize Enterprises (SME) are more innovative and entrepreneurial than larger corporations. In times when the market dynamics, technology development, and diffusion are faster than ever, it is a natural question.

Company 40

Company Radical Innovation Leadership Study 40

Innovation 360

MAY 29, 2016

A fter collecting and studying innovation data from over 1,000 companies in 62 countries, I’m often asked whether Small and Midsize Enterprises (SME) are more innovative and entrepreneurial than larger corporations. In times when the market dynamics, technology development, and diffusion are faster than ever, it is a natural question.

Company 40

Company Radical Innovation Leadership Study 40

Paul Hobcraft

MAY 18, 2016

It can still come under the broad risk umbrella but judging innovation risk is utterly different from organizational strategic risk. Innovation is a learning process not to be confused with a safety procedure, both can be effectively managed and different. Moreover, the tools commonly used to support the process exacerbate the problem.

Innovation 133

Innovation Guidelines Learning Management 133

Integrative Innovation

JUNE 15, 2017

Lippitz the term is defined as the process by which teams within an established company conceive, foster, launch and manage a new business that is distinct from the parent company but leverages the parent’s assets, market position, capabilities or other resources. Enabler programs can support efforts to enhance a company’s culture.

Entrepreneurship 92

Entrepreneurship Innovation Culture Disruption 92

Paul Hobcraft

AUGUST 11, 2015

There is a very strong case we need to rethink the whole management of our innovation activity, as innovation is failing to deliver on its potential promise in the current ways we are attempting to undertake it, highly constrained and under-resourced. There is this new set of challenges confronting us.

Innovation 100

Innovation Competition Disruption Collaboration 100

Paul Hobcraft

MAY 18, 2016

Interestingly, the pace of innovation stands among the top three risks in 2015 and tops along with regulatory risk, the list foreseen in 2018. With technology disruption, business model disruption and growing competition, social and customer engagement challenges the ability to manage innovation is growing as a concern and in risk management.

Underperforming Technical Team 124

Underperforming Technical Team Innovation Strategy Strategy 124

Paul Hobcraft

MAY 18, 2016

Interestingly, the pace of innovation stands among the top three risks in 2015 and tops along with regulatory risk, the list foreseen in 2018. With technology disruption, business model disruption and growing competition, social and customer engagement challenges the ability to manage innovation is growing as a concern and in risk management.

Underperforming Technical Team 124

Underperforming Technical Team Innovation Strategy Strategy 124

ITONICS

JULY 30, 2018

If a company focuses on incremental innovation and simple stage-gate ideation processes only, it won’t keep up in the long run. In addition to transforming a whole industry, disruptive business models also push and promote paradigm changes. Is there a pattern for disruption & breakthroughs? They really have to mean it.

Underperforming Technical Team 40

Underperforming Technical Team Disruption Innovation Big Data 40

Paul Hobcraft

DECEMBER 16, 2015

Roger Martin suggested some time back “ that modern leaders need integrative thinking to embrace complexity, tolerate uncertainty and manage tension in searching for creating solutions to problems “ It is learning to make different choices in a far more creative process, often more disruptive to our established norms.

Innovation 100

Innovation Resources Design Management 100

Qmarkets

APRIL 24, 2017

On April 25 th and 26 th , Eric will be a speaker at our Paris Innovation Leader Breakfast Tour, which will explore a variety of topics around the themes of systemic innovation and digital transformation in Enterprise-grade businesses ( click here for more details). Pitfalls to Avoid. How to Tackle the Problem.

Innovation Programs 56

Innovation Programs Software Review Technical Review Innovation 56

hackerearth

MARCH 28, 2018

Innovation is the key to gaining and sustaining competitive advantage, especially in today’s fast-paced, tech-fueled business ecosystem. Traditionally, many organizations used their own knowledge monopoly to innovate and deliver dominant technologies and products to the market. Benefits of co-innovation. Source: Hitachi.

Open Innovation 68

Open Innovation Survey Collaboration Innovation 68

Integrative Innovation

OCTOBER 23, 2014

The distinct BMI styles are spanned by two criteria: Impetus : Is the company defending against an external threat, such as commoditization, new regulation, or an economic downturn – or is it proactively disrupting the status quo? Adapters explore adjacent businesses or markets, in some cases exiting their core business entirely.

Innovation 78

Innovation Disruption Marketing Project 78

Qmarkets

JULY 8, 2017

On April 25 th and 26 th , Eric will be a speaker at our Paris Innovation Leader Breakfast Tour, which will explore a variety of topics around the themes of systemic innovation and digital transformation in Enterprise-grade businesses ( click here for more details). Pitfalls to Avoid. How to Tackle the Problem.

Innovation Programs 40

Innovation Programs Software Review Technical Review Innovation 40

Innovation 360 Group

MAY 10, 2016

According to their data and analysis (figure 1)companies that pursue the Need Seeker strategy show a much better alignment between business and innovation strategies and they also financially outperform their competitors that pursuit other strategies. Source: Jaruzelski, Staack and Goehle, Strategy&). How do you start the journey?

Leadership 40

Leadership Radical Innovation Underperforming Technical Team Innovation 40

Innovation 360 Group

OCTOBER 29, 2017

Innovations are infinite, even within a finite market. However, not all innovations start with the same chance at a fully productive lifecycle. Sherlock was created to be the first AI platform for innovation management – trained by input data from over 6,000 companies in 62 countries. Background and Support.

Culture 63

Culture Strategy Strategy Underperforming Technical Team 63

Integrative Innovation

MARCH 28, 2015

As we have suggested earlier, innovation activities that are radical or disruptive in nature, should be separated from incremental innovation around a company’s established core business. Radical/disruptive innovation activities need full-time resources to get executed properly and time-efficiently.

Innovation 40

Innovation Disruption Survey Technology 40

Legacy Innovation Group

MAY 27, 2021

This is our quintessential ‘Advanced Innovation Group’ or ‘Core Innovation Group’ operating inside their own cloistered Innovation Space. Anthony Mills is a global authority on strategic innovation. But their charter and task is very different from that of the rest of the organization.

Innovation 52

Innovation Engagement Groups Radical Innovation 52

Idea to Value

JULY 21, 2017

When should it be used: Any organisation that wants to enable their staff who have an idea to “try it out” or do an initial market experiment. Suggested viewing: 12 – Disruptive Innovation. Most startups state that their aim is to be disruptive or to disrupt a specific industry.

Company 248

Company Underperforming Technical Team Brainstorming Design Thinking 248

Innovation 360

OCTOBER 29, 2017

Innovations are infinite, even within a finite market. However, not all innovations start with the same chance at a fully productive lifecycle. Sherlock was created to be the first AI platform for innovation management – trained by input data from over 6,000 companies in 62 countries. Background and Support.

Innovation 40

Innovation Underperforming Technical Team Culture Leadership 40

The Inovo Group

MAY 30, 2019

An innovation strategy focuses the organization’s resources and energy on building the right set of capabilities. The key concept presented is to identify four fundamental categories of innovation: Routine Innovation – Leverages a company’s existing technological competencies and fits with its existing business model.

Technical Review 40

Technical Review Software Review Creativity System 40

Innovation 360

MAY 10, 2016

According to their data and analysis (figure 1)companies that pursue the Need Seeker strategy show a much better alignment between business and innovation strategies and they also financially outperform their competitors that pursuit other strategies. Assemble the new board to match the diversity, culture and values of the markets you serve.

Leadership 40

Leadership Underperforming Technical Team Innovation Radical Innovation 40

Integrative Innovation

JANUARY 27, 2016

Reinvention through business model innovation. Accelerating dynamics and pace of disruption in most industries, in particular triggered by the pervasion of new technologies, lead to decreasing life times of existing business models. We can see that experimentation comes in different flavors, depending on the innovation context.

Underperforming Technical Team 40

Underperforming Technical Team Big Data Innovation Technical Review 40