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Leaders will invest less in transformational innovation due to fears over the economy

Idea to Value

One of the biggest questions I am getting from businesses at the moment is what the potential impact of a recession or the slowdown of the economy might have on their innovation efforts. And according to a new report by Innovation Leader and KPMG USA called “ Benchmarking Innovation Impact, from InnoLead.”

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Ambidextrous organisations: Where innovation should sit in an organisation

Idea to Value

Where should innovation resources actually exist in an organisation? It might seem like a straightforward question, but it is fundamental to whether a company will end up succeeding at innovation or failing. After all, if innovation is so important, should it not get its own department? Companies that survive do both.

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Why Every Large Organization Should Decentralize Innovation

Idea to Value

I recently met with a very successful company that is seen as a highly innovative global pioneer that others in their industry, which is facing many structural headwinds and inevitable changes, look up to. The challenge s of centralized innovation. Let’s look into why that is the case. That, however, is where the problem lies.

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Applying Design Thinking to Personal Growth and Innovation

Tullio Siragusa

Applying Design Thinking to Personal Growth and Innovation In today’s rapidly changing world, the ability to adapt and innovate is more crucial than ever, not just in the realm of product development but also in our personal and professional lives. It involves five key stages: Empathize, Define, Ideate, Prototype, and Test.

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The Future of Design Thinking: Integrating Artificial Intelligence for Success

Leapfrogging

Embracing the Evolution: AI Meets Design Thinking The intersection of artificial intelligence and design thinking is poised to redefine the landscape of innovation and strategy. It encompasses five key stages: empathize, define, ideate, prototype, and test.

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Ten pitfalls inventors face and tips for avoiding them

Idea to Value

Partners and team. Tip: Develop mock-ups or prototypes early and use them for validating your assumptions and the market need. Starting to develop an invention without having an intellectual property strategy in place is just as dangerous as starting a business without a business plan. Partners and team. Not starting.

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The Final Perspective: A Composable Innovation Enterprise Framework

Paul Hobcraft

In my view any new approach to innovation needs to aim to achieve interdependent and interlocking innovation, solving problems that have not been addressed before and offering sustainable value, impact, and returns to all involved or significantly improving on the existing solutions. Nothing can work in isolation.