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It’s Time To Upgrade Your Innovation Management System

Innov8rs

However, the business environment for corporate innovators has since shifted, and they are now being asked to do more with less. Following a more generic call to “stop innovation theatre”, the current assignment is to create new revenue streams that contribute to top- and bottom-line in the short term.

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You need to know your success criteria

Idea to Value

Recently, I was speaking with a corporate client about a challenge they were having with their innovation process. They had just run an idea-generation challenge and received a decent number of responses from their employees about new innovations they could pursue.

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Recognizing the Building Blocks of Innovation

Paul Hobcraft

Many tools, techniques, frameworks, mechanics, and emerging methodologies have allowed different parts of the innovation process to be explored and exploited. We are moving innovation along but not at a pace or design that reflects the need to connect “it ” into one comprehensive process.

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Business Model Innovation: 5 Frameworks for Success

Qmarkets

Examples of Business Model Innovation Exploring prime examples of business model innovation can provide unique insights into how companies across different industries have successfully adapted and transformed their operations. It offers a straightforward way to understand, design, and pivot your business model.

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Key Issues in Innovation Management – Revisited – Part 1

Tim Kastelle

At the 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. Uber is a current prime example: they are attempting to expand into healthcare and travel.

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8 Types of Innovation in Business: A Comprehensive Guide

Qmarkets

Employing user-centric design and iterative development processes, businesses can ensure their product innovations resonate with their target audience and stand out in the marketplace. Process Innovation Process innovation focuses on enhancing the efficiency and effectiveness of internal operations.

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What Did the Pandemic Teach Us About New Product Development?

Planview

Robert Cooper in the Journal of Product Innovation Management. The paper outlines six key practices for accelerating new product development and innovations based on examples from companies representing various industries. Cooper makes the case that “firms can respond quickly and pivot with innovations.”