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Digital Technology MoshPit

Gregg Fraley

The MoshPit system seeks to find combinations of concepts that lead to innovation. Digital technology holds promise to improve, or radically innovate, many areas of an organizational value chain. To discover radically new applications for digital tech what’s needed is taking a comprehensive look across all operations.

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Balancing Innovation via Organizational Ambidexterity – Part 3

Integrative Innovation

The funnel describes the main stages and gates every idea has to pass through on its way to a product, service or business model innovation. Typically, the first stage of an innovation funnel is “ideation”, the last one “market launch”. Breakthrough innovations should be identified and implemented in iterative processes.

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Why do innovation programs fail

hackerearth

Takeaway: Choose an innovation process and continuously measure and manage it. Take the following innovation management process for example. It has three major phases discovery, ideation, and execution. Similarly, you will need a robust process to collect and evaluate ideas in the ideation phase. Guest innovator.