Fri.Dec 14, 2018

The Six Million Dollar innovation fallacy

RTI Innovation Advisors

A few days ago I wrote a blog post about the relevance of the Six Million Dollar man to innovation , noting that the show was based around rebuilding Steve Austin, making him better, stronger and faster. Many corporate innovation organizations need the Six Million Dollar man treatment. Every firm needs to be innovating more effectively, faster, with better outcomes and increasingly with more partners. Today I'd like to talk about the other side of the Six Million Dollar man innovation.

Is Lean Management doomed in the age of Innovation?


It has been 30 years since the term Lean Management – a long-term approach that seeks to achieve incremental process changes to improve efficiency and quality – was first coined. Some say that Lean Management has now become obsolete; others talk about a ‘post-Lean’ world and say it is fated to die.

LEAN 156

Idea Prioritization – How to Succeed?


When executing ideas, people often need to decide between doing more and doing things well. Because doing things well takes time, and resources are rarely infinite, not all ideas can be executed at once. Idea Management Idea Prioritization

Design Makes a Difference: Nike and Doernbecher Collaborate to Help Kids

Innovation Excellence

It all started with my bar mitzvah. Part of becoming a Jewish adult is through acts of service for others, so I was searching for a charity where I could participate in something that was meaningful and donate some of my gift money to help an important cause. I had searched for an event or.

The 5 Competencies of Highly Innovative Organizations

Speaker: Dr. Ankush Chopra, Professor of Strategy, School of Management Fribourg

Professor Ankush Chopra studied over 100 companies in North America and Europe to seek answers to the above questions. He found that companies across the world use the same set of competencies to become successful innovators. In this webinar, he shows how you can use these insights to develop and lead an innovative organization.

Idea capture tools encourage useful ideas from staff


A software tool/digital platform that’s easy to use would make it easier for your staff to contribute ideas. A recent Employee Innovation Survey asked employees what would make it easier for them to contribute ideas.

Tools 56

More Trending

Creating a Customer Behavior Data Research Strategy

Peer Insight

Sometimes our clients are used to making decisions based on large quantitative studies and wonder how we can possibly gain the confidence we need to make decisions in the early stages of a new venture without statistical significance.

Data 52

How Crowdsourcing is Changing Every Facet of Society


With a population of over 7.5 billion, there is no force on this planet more powerful than the human race. When enough people ban together, anything can happen; there is no problem that cannot be solved, and no task that cannot be accomplished. Innovation Insights

Top Retail Industry Trends to Watch For in 2019


Consumer demands and expectations have long dictated the changes that come to the retail landscape. To stay afloat and meet their increasing needs, the retail industry is constantly evolving and facing both new challenges as well as opportunities spurred by the emergence of new technologies.

End of the 5th World Open Innovation Conference

Open Innovation

After two days at the SFO Marriott, the 5th World Open Innovation Conference is now in the books. The experiment we started four years ago now is well established as a permanent fixture.

Assessing and Fostering a Culture of Innovation

Speaker: Magnus Penker, CEO & Founder, Innovation360 Group

Welcome to an interactive empowering session on how to sharpen your future through innovation management, which can help guide your company’s goals. During this webinar, Magnus Penker, international thought leader and author, will dive into how to assess and foster culture and capabilities for innovation.

2 Key Ways To Commit To Quality In Your Company

The Human Factor

Contributed post –. Do you want to see plenty of sales and a lot of interest from customers with your company ? If so, then there’s only one lesson you need to learn. You have to commit to quality.

Pitch Your Best Idea

Beyond the Obvious

The next stage is to consider how these ideas might be implemented by your organization. Step one is to think about how to pitch your best idea. Look at the top ideas and say to yourself as the leader, “These are great ideas—how can we execute them?”

The Money Mindset: Where Can Your Business Start Saving Money?

The Human Factor

Contributed post –. Everything you do in business can be related back to money. In truth, appreciating this fact is one of the most significant steps of acquiring the entrepreneurial mindset. So, if your venture is guilty of overspending or wasting funds, rectifying these issues should be a priority.

The Data-Driven Leader: Why You Should Always Ask for the Data When Making Decisions

BPI Thought Leadership Commentary

How do you usually make decisions? Are you a shoot-from-the-hip kind of leader, who thinks best on their feet and tends to know the right decision to take intuitively? Alternatively, perhaps you’re someone who likes to consult with a team, develop a consensus, and move forward when everyone agrees. A third possibility is that you like to consider all the options in a meditative fashion, o

11 Proven Ways to Turn Your Culture into a Culture of Innovation

Learn the 11 proven strategies that you can implement quickly to get every employee innovating and contributing to the growth of your company.

Falling in Love with Rosy Scenarios

Michael Roberto

Source: Flickr Optimism can be a powerful force in an organization. Certainly, leaders need to be optimistic if they wish for the firm to accomplish ambitious goals and objectives. We won't get anywhere if people are always saying, "We can't do that. It's not realistic. That won't work here." Having said that, leaders sometimes fall in love with rosy scenarios. They fail to question assumptions, and they don't look closely enough at worst-case scenarios.