Remove Enterprise Remove Groups Remove Radical Innovation Remove Technical Review
article thumbnail

Business Model Innovation Basics Series - Part 1: What is a Business Model?

The BMI Lab Blog

In 1994 Peter Drucker defined business models as “stories that explain how enterprises work” and answer the age-old questions of Peter Drucker’s Theory of Business – “Who is the customer? WHO – Every business model serves a certain customer group (Chesbrough and Rosenbloom 2002; Hamel 2000). The object of innovation 2.

article thumbnail

Successful Innovators Apply Multiple Leadership Styles Simultaneously

Innovation 360 Group

Leadership styles are critical to innovation efforts, especially when working with uncertainty. In the resulting report, they identified several factors that were positively correlated with the successful execution of innovative concepts. Radical Innovators more adaptive. The Spiral Staircase.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Bringing better Ideas to market faster with AI

Innovation 360 Group

There are numerous manual clustering techniques to apply in order to group ideas, for e.g. based on: . Using Technology to Push the Boundaries of Creativity . Why not use technology to increase our chances to discover these combinations? . Situation (traveling, dining or sleeping) . Understand the underlying sentiment? –

article thumbnail

Developing a new framework for risk and innovation.

Paul Hobcraft

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.

article thumbnail

Developing a new framework for risk and innovation.

Paul Hobcraft

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.

article thumbnail

What is innovation management and why your organization needs it

hackerearth

Once a well-defined innovation strategy that aligns with business goals is in place, the next step will entail managing it effectively. Like any business function, innovation can be managed. Innovation Management is about more than just planning new products, services, brand extensions, or technology inventions.

article thumbnail

What is innovation management and why your organization needs it

hackerearth

Once a well-defined innovation strategy that aligns with business goals is in place, the next step will entail managing it effectively. Like any business function, innovation can be managed. Innovation Management is about more than just planning new products, services, brand extensions, or technology inventions.