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What do we expect from Innovation? Mostly disappointment

Paul Hobcraft

Then we have that often-delusional aspect; where the organization has this total belief they are well ahead of their competitors and simply point to their financial performance as the justification that their innovation is superior when it is so many other factors that have determined that. Two reports recently came out.

Report 212
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Four reasons why corporate startups fail (and how yours can be succesful)

whataventure

For corporates, radical innovations are, in most cases, a nice-to-have or the cherry on top of the cake. Rarely innovation projects are being prioritized over the daily business. However, especially in radical innovation projects, the customer segments are so different that it just does not make sense in most cases.

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Overcome resistance and capture growth in the Financial Services Industry

Innovation 360 Group

This can be both good and bad – good, because the acquirers get access to new ideas which can add revenue, and bad because it tends to discourage the development of internal innovation capability, in particular radical innovation which, in our view, is a critical aspect of long term success. The importance of radical innovation.

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Co-innovation: the concept, its benefits, and why you need to embrace it

hackerearth

Making customers, vendors, and other stakeholders a part of the innovation process is a strategy many successful businesses use to stay ahead of the curve. Based on the results of this report, the following are some of the key benefits of co-innovation. Co-innovation helps you develop brand loyalty.

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The core principles of Leading FOR Innovation

Cris Beswick

The ultimate manifestation of this is to figure out how to disrupt yourself inside the safety of an innovation process before a competitor (existing or new) does it for you. Organisations that excel at driving genuine innovation don’t just rely on existing market intelligence like focus groups, trend reports or big data.

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How much is innovation costing your organization?

Innovation 360 Group

Improve Your Innovation Platform – build a robust decision process at each stage. The innovation process can be unwieldy and costly to operate. Focusing on the 3 actions we’ve shared above will provide a good first step toward getting the impact you expect from your innovation investments.

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Does culture eat strategy for breakfast?

Innovation 360 Group

This is confirmed by many innovator organizations I have encountered all over the world. Having said that, culture is the true enabler of efficiency, including innovation, and needs to be fostered over time, especially in the ideation phase where diversity is imperative and a value system for reaching decisions essential.

Culture 63