3 Questions You Need to Ask Before Creating an Innovation Roadmap

Leapfrogging

Initially, Larry Page and Sergey Brin were opposed to creating an advertising-funded search engine, but after pressure from investors it became clear they needed to embrace the monetization strategy. They developed Google Adwords in 2000 to allow advertisers to pay for ads on the platform and have since continued to disrupt the marketplace through strategic innovation. Businesses that don’t innovate risk being disrupted by their competitors.

7 Must-Read Books on Innovation Strategy

IdeaScale

Innovation strategy is an enormous topic, and staying current can be an intimidating task. Deciphering Innovation: How Disruption Drives Companies to Transform or Die by Lisa Hendrickson and Jim Colwick . Disruption” is becoming an empty buzzword, but it remains true that small companies with big ideas can, and ultimately will, upend almost everything we currently think of as the rock-solid order. Khan offers a detailed roadmap to avoid this pitfall.

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Reinvention: Accelerating Results in the Age of Disruption

Innovation in Practice

A SIMPLE FORMULA AND SET OF TOOLS FOR FACING AND EMBRACING DISRUPTION AND RADICAL CHANGE. Technology, globalization, economic shifts, geopolitical shocks, and, yes, management thought leaders over the past 30 years have set in motion a continuous onslaught of radical, discontinuous change in the global business environment that will not abate anytime soon. The opportunity to proactively leverage disruptive events in an effort to leapfrog the competition and actually accelerate results.

3 Warning Signs Your IT Strategy is All Wrong

MSSBTI

Look for these 3 warning signs that your IT strategy is all wrong: 1. You are not seeing your IT strategy as a competitive advantage. Your IT strategy is no longer just a tool for back office operations, it is a key enabler to your business growth strategy and core to creating your competitive advantage. If you are not adapting your infrastructure strategies to prepare for this rapid change you are already behind.

You Are Being Digitally Disrupted – Do Something About It

The Inovo Group

In these companies, the CEO drives the digital vision and strategy (41% of these CEOs set the digital strategy, while 59% understand and support it). Less than a quarter (22%) of organizations have a well-defined digital transformation strategy, while 36% were either considering or planning a strategy and 29% had no strategy at all. Strategy, not Technology, Drives Digital Transformation ; MITSLoan; Summer 2015.

Timing of Innovation – Getting the Odds on Your Side

Innovation Excellence

While smart on paper, this strategy has become much harder to implement successfully in the digital age. Plus, even if you try to find a clearly differentiated Blue Ocean Strategy of your own, it will be much more difficult when there’s already tons of competition. However, by understanding how the prices are going to behave, you can plan your product roadmap accordingly. Early mover strategies. Late follower strategies.

12 Technology Categories That Will Transform Careers

Daniel Burrus

Over the past thirty years, I have developed a proven methodology to anticipate disruption and change before it happens, allowing you to find the confidence that certainty provides. This method is currently being used by many Fortune 500 companies, including IBM, Deloitte, and Pratt & Whitney to name a few, as well as the Pentagon to provide an accurate roadmap of the opportunities that are ahead.

Are You Doing Agile Right?

Leapfrogging

The main purpose of the methodology is to create a product or service that disrupts the market and forces competitors to adapt or exit the space because of the level of disruption created. The key businesses processes that need to be developed ahead of implementing an agile innovation process of this kind are 1) some kind of roadmap or plan for innovation 2) definition of roles and responsibilities of team members. Innovation agile business strategy innovation

Agile 100

Munich Re offers a real clarity to their innovating future

Paul Hobcraft

They are looking to enable technology and digital innovation to improving their 1) existing business models, looking to 2) disrupt existing business models and 3) establish new business models in selective insurance sectors, to continuously learn and adapt. This is no finished roadmap but it does give investors and multiple stakeholders a really decent understanding of how Munich Re are managing their transformational journey.

Why innovation portfolios matter

Jeffrey Phillips

After a decade of reading about it, getting pounded over the head with the Jobs/Apple story and watching new innovations disrupt entire industries, businesses are starting to react. What I constantly fail to understand is why innovation is treated so cavalierly, with so little regard for planning and integration to strategy. Most product management teams assign resources and plan projects based on the product portfolio, company objectives and roadmaps.

Digital Transformation = Reimagining of the Business for the Digital Age

Rmukesh Gupta

They are not examples of digital transformation but are examples of digital disruption. They are born digital and enabled new business models leading to disrupting entire industries.

Leading Innovation = Managing Uncertainty

Strategyzer Innovation

At the strategy level, there are several frameworks that have been developed to help leaders understand their product and service portfolios and make decisions. 1957) Strategies for Diversification, Harvard Business Review, 35, 13-124. A great example of the Three Horizons approach was when Facebook’s CEO Mark Zuckerberg announced the company’s ten year roadmap at the F8 conference in April 2016. innovation risk and disruption risk). Innovation & Strategy

Is your company up for disruption? Possibly not

David Marks

Disruptive technologies and upstarts are wrecking havoc far and wide, they warned, and (unless you hire us) you will be the next to go. The best way to express this is with the rebel within’s disruptibility curve. Based on the assessments we provide clear recommendations and roadmaps for improving companies innovation credentials. For the best part of the past decade consulting firms and doom mongers have been heaping scorn on established companies and large corporations.

When Creative Destruction is the Right (or Wrong) Foundation for Innovation

New Markets Advisors

And it’s the knowledge of when to focus on addition and when to focus on replacement that gives companies a competitive edge and a roadmap for growth. The right times to grow through destruction While the right innovation strategy depends on a number of factors?—?industry, The wrong times to grow through destruction While carefully executed destruction frees up resources to focus on the things that matter most, there are times when it isn’t the right strategy.

Is your company up for disruption? Possibly not

David Marks

Disruptive technologies and upstarts are wrecking havoc far and wide, they warned, and (unless you hire us) you will be the next to go. The best way to express this is with the rebel within’s disruptibility curve. The next blog post will cover the dynamics of the disruptibility curve and how it is used to define the correct innovation portfolio a company should have. —?—?—?—?—?—?—?—?—?—?—?—?—?—?—?—?—?—?—?—?—?—?—?—?—

How to be More Agile as Competitive Advantages Fade

New Markets Advisors

For years, Columbia Business School professor Rita McGrath has been telling us that the traditional strategy of finding and exploiting a sustainable competitive advantage is becoming outdated. Set a strategy that ensures core strength while allowing exploration. Agility without strategy can quickly turn into anarchy. Agile organizations reevaluate their strategy annually to ensure that the chosen path still makes sense even as the broader landscape has evolved.

Agile 40

My 5 S for future Innovation: Smart, Stacks, Scale, Storage, and Software

Paul Hobcraft

What greater validation that this, that this takeover has the “legs to run” was that Siemens offered Mendix a lot of autonomy, significant financial backing and the wish to see the present roadmap deepen, broaden and keep Mendix strongly in a leadership position. Having a clear digital outcome strategy that determines value not what we are connecting up is important. A technology strategy has to be designed around and into the business strategy and the future.

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

Innovation 360 Group

Do you have a roadmap for its short- and longer-term implications? A great example of disruption across industries is the way Uber instantly went from disrupting the taxi industry to holding a dominant position in the food delivery industry, rising rapidly to handle 10 billion dollars US worth of business and devouring market share from rivals Postmates, Caviar, and DoorDash.

Digital transformation – the need to transform our innovation approaches

Paul Hobcraft

To get to this transforming point we need to build in a faster adaptation of business strategies and turn out faster innovation outcomes that meet these needs as key to this. I like this as a definition to tighten down digital but it opens us up to the darker side of digital transformation, the risk of digital disruption. Digital disruption is the impact of digital technologies and business models on a company’s value proposition and market position.

The Forrester Wave™: Innovation Management Platforms, Q1 2020

Wazoku

Its platform offers a number of prebuilt applications for continuous improvement, disruptive ideation, incubation, and business planning. We are passionate about enabling organisations to engage and collaborate with their workforce, ecosystem, customers and the world – to generate new ideas as part of a wider innovation strategy.

7 Things Every CEO Should Know About Their Patents

Anaqua

With the pace of innovation increasing every day, senior executives and Boards need to be mindful of potential risks, including catastrophic disruption; as well as emergent opportunities. The management of your IP should be seen as an ongoing discipline that is aligned with, and an integral part of, your business planning and strategy. Having an organized IP strategy in place will ensure that there is a streamlined process on identifying, protecting, and managing your IP.

Chief Digital Officer - To have or not to have

hackerearth

Today, companies are trying to deal with huge amounts of data, lots of tech advances, and disruptive business models in a highly competitive environment, and the thought cloud has just about burst! With guidance from the board and the CEO, he or she can make a decisive shift around the digital strategy and innovation. The CTO/CDO can connect strategy and implementation better than anyone else.

The Only Three Swim Lanes That Matter to a Business

Legacy Innovation Group

This is the land of R&D Managers developing Technology Roadmaps and Product Managers developing Product Roadmaps to plan out the year-by-year evolution of their respective technology and product portfolios. This is where the business will execute its Horizon 1 Innovation Strategy. The Only Three Swim Lanes That Matter to a Business. Dec 18, 2016 | Anthony Mills.

Digital transformation – the need to transform our innovation approaches

Paul Hobcraft

To get to this transforming point we need to build in a faster adaptation of business strategies and turn out faster innovation outcomes that meet these needs as key to this. I like this as a definition to tighten down digital but it opens us up to the darker side of digital transformation, the risk of digital disruption. Digital disruption is the impact of digital technologies and business models on a company’s value proposition and market position.

Capabilities and Leadership Close the Skills Gap in Manufacturing

Innovation 360 Group

As the manufacturing sector speeds into a world of futuristic tech and disruptive business models, creativity and innovation are becoming critical skills for figuring out how to unlock value strategically. In order to prepare for the coming skills shortage in manufacturing, business leaders must assess their current capabilities, refine their market strategy, build a culture of innovation, and ensure that they have the most effective leadership styles in place. .

4 Challenges on the Road to Digital Transformation

Acuvate

The huge organizational impact necessitates a deep-rooted strategy blending with the company’s core processes. Several vendors are also extending digital transformation roadmap definition and services around it for a quicker time to market and utilize the latest technology stack to get the job done effectively. According to PwC’s 6th Annual Digital IQ survey, only 54% of respondents agreed to a common business and IT corporate strategy, down from 60% last year.

Four Key Considerations for Evaluating Your IP Management Solutions Amid Industry Consolidation

Anaqua

At Anaqua, we partner with clients in a structured manner to define our product roadmap, which in turn guides our acquisition strategy, targeting complementary capabilities to drive client value. In my experience, M&A transactions can be disruptive whether they are large M&A transactions or a high volume of small M&A transactions. Transactions inevitably lead to a lot of disruption and organizational changes divert focus away from customers and innovation.

Companies betting big on open innovation

hackerearth

For example, Deloitte has formed the Innovation Partnership Program , “a unique innovation initiative and community that helps business leaders harness the power of disruptive technology and the wisdom of crowds” with XPRIZE and Singularity University. Rick Tywoniak, senior director of Cisco's DevNet Community, believes collaboration with startups is the cornerstone of innovation strategy if Cisco must compete and thrive.

Relating to the New Innovation Era

Paul Hobcraft

We still lack the alignment to strategy as this remains unclear, poorly communicated and lacking in this critical connecting up of strategy and innovation. These are: Exploring innovation through more facilitated conversations and investigation designing pathways, roadmaps, blueprints and recognizing pattern recognition. I firmly believe we are on the cusp of a new innovation era.

Agile 137

Get Real About Your Company’s Future

The Inovo Group

As the world becomes increasingly volatile, uncertain, complex and ambiguous ( VUCA ) , longer-term disruptions are the greatest existential threat to a company’s growth and survival. Effective futuring that includes the ability to gain insights into long-term futures with inevitable disruptions and discontinuities needs to be a key component of a company’s strategy and innovation efforts. Technology roadmapping?

Successfully shaping Digital Transformation

ITONICS

Having a clear strategy and a purposeful, structured process for implementing new business models and/ or gradually adapting existing ones to new business models will determine the success of digital transformation projects and company’s market position. How to develop a clear strategy in the context of digital transformation? How develop a clear strategy in the context of digital transformation? Strategy, Not Technology, Drives Digital Transformation.

Digital Transformation: The Why, What & How For Transformational Leaders…

The Future Shapers

Digital technologies are already disrupting the previously established rules of business by enabling new business models and levelling the playing field in unprecedented ways. The How, Part 1: Disrupt Or Die. All of the great innovators of today have embraced digital disruption. To understand and tackle the market disruption leaders are increasingly taking a whole-system view of their organisation, both internally and externally. Setting The Scene: The Digital Leader.

Agile 71

Getting Started with Innovation Management

Strategos

They have started well-intended innovation initiatives but mostly these are ad hoc and rarely connected to the overall business strategy. You need to have a strategy to make choices about what is right for your company, where you believe you need to focus your investments to achieve your growth ambitions and how you expect innovation to contribute to the company’s goals. For more on how you develop an Innovation Strategy visit this webinar. Strategy & Leadership.

10 Business Challenges in which Innovation is the Answer

Business Innovation Design

From technology disruption to changing social values, their ability to sustain competitive advantage declines, if not disrupted. Create innovation roadmap and orchestrate strategy CEOs have a vision that needs to be realized. Therefore, converting a vision into reality is achieved by creating innovation roadmap that is designed to scale for growth through iterative strategic planning. How do we execute our business strategy?

Why Is Innovation Important

Planview Spigit

The world of work today is filled with disruption and is ruled by customer expectations and demands. For these companies, a culture of innovation is at the top of their innovation strategy. Pfizer, for example, transformed its innovation program into a corporate strategy to develop new products and increase employee engagement. Research and development can produce some extraordinary advancements that never make it to a roadmap.

Creative Construction – Book review

The Inovo Group

The author presents a clear three-part framework consisting of Innovation Strategy, System and Culture that a large company needs to use to be an innovative organization. It is most useful, however, as a foundation on which corporate innovators can build their own innovation strategy, system and culture – a task left for the reader. Creating an Innovation Strategy – A robust innovation strategy specifies the kinds of innovation that are important for the company to pursue.

The Future of Key Accounts Management and Relationships in Consumer Goods – a methodology for change

mjvinnovation

Not to mention the major disruption caused to supply chains, manufacturing lines and different markets across the globe, all with their unique nuances as to how Covid-19 is changing the way of life. But hold up – what if, regardless of the complexity of the situation, there was a methodology that could provide you with some sort of clarity, enabling you to draw insights from emerging trends and human behaviour, which you could leverage to adapt your strategy accordingly?

What do most innovative companies have in common?

hackerearth

Taking a holistic view of the complete customer journey along with new experiences that a product or service offers leads to disruption. While the former moved from the comfort zone of being a publisher to becoming a social environment, the latter is disrupting the delivery services industry by making shipping experience more seamless for small businesses. And whatever they learn or earn from such measurements, they put it to use in their product roadmaps or other business areas.

LEAN 65

The 2020 CIO: Predictions and Insights

Acuvate

Technology changes (or rather evolves) at a disruptive pace today. Learn more: Enterprise AI: The Adoption Strategy & Practical Solutions. The modern CIOs will have to create his place in the C-suite by being able to determine the right technology roadmap to create improved and innovative new business models. Digitalization has been a game-changer for CIOs. Long gone are the times when their role was confined to IT infrastructure maintenance.

Data 61

On the Origin of Companies

David Marks

And most importantly by strategy. In this post I will explain how the disruptibility curve, described in my previous blog posts, could be used for the same purpose. The disruptibility curve maps a company on two axes: The Natural Monopoly and the Customer responsiveness. Being strong on one axis alone is a sufficient, though unimaginative, survival strategy.