The BMI Lab Blog

OCTOBER 27, 2017

From this basic statement we can go further into the topic of creativity in innovation. We can explain that the tools for creativity are used during a regular innovation process where teams should generate new ideas to further explore their feasibility as proper business models.

Innovation Processes 53

Innovation Processes Tools Creativity Ideation 53

Innov8rs

MARCH 27, 2023

On the one hand, startups gain access to money, reputation, customers, and industry insights. On the other hand, corporates gain time (startups are way faster) and customer and tech insights. On the other hand, a “Paid Pilot” refers to a trial or experiment where the startup charges the corporate for using their product or service).

Open Innovation 59

Open Innovation Technical Review Collaboration Innovation 59

Leapfrogging

MARCH 4, 2024

As a methodology, it is open to adopting new tools and technologies that enhance the process, including the integration of artificial intelligence in design thinking. The Evolution of Design Thinking in Business Design thinking has evolved from being a creative process into a robust strategic tool.

Design Thinking 100

Design Thinking Artificial Inteligence Tools Design 100

Leapfrogging

FEBRUARY 9, 2024

The Importance of Fostering Innovation in Leadership Defining Innovation Culture An innovation culture refers to the values, behaviors, and norms that ensure an organization not only generates new ideas but also executes them to achieve positive outcomes.

Culture of Innovation 113

Culture of Innovation Culture Leadership Innovation 113

hackerearth

SEPTEMBER 29, 2017

The objectives and specific roles of the ‘innovation team’ depend on the type, size, and industry of the company. The team must clearly articulate and communicate the vision, and the strategy to redefine your company as an innovation-driven organization. Provide the innovation framework. The synthesis of the team.

Technical Review 68

Technical Review How To Software Review Ideation 68

mjvinnovation

APRIL 11, 2019

Keep reading to understand in depth what open innovation is and how it can be used in your business! The open innovation concept. In his book, Open Innovation: The New Imperative for Creating and Profiting from Technology (Harvard Business School Press – 2003), researcher Henry Chesbrough coined the term Open Innovation.

Open Innovation 40

Open Innovation Technical Review Innovation Innovation Processes 40

ITONICS

SEPTEMBER 12, 2018

As many companies integrate open innovation approaches to expand their internal R&D efforts, universities have become a vital source of innovation. Companies provide funding for talented faculties and students for industry-relevant research. Which startups might disrupt the industry or are relevant to the business model?

Technical Review 45

Technical Review Software Review Trends Entrepreneurship 45

Tim Kastelle

MARCH 7, 2016

Reinvention through business model innovation. Accelerating dynamics and pace of disruption in most industries, in particular triggered by the perfusion of new technologies, lead to decreasing life times of existing business models. Platform business models tend to affect, oftentimes disrupt, multiple industries over time.

Innovation Management 100

Innovation Management Management LEAN Technical Review 100

hackerearth

OCTOBER 16, 2017

Either way, businesses need to identify where they are going wrong because innovation as a business strategy is here to stay. For survival, innovation is almost obligatory (Drucker, 1999). An innovation process “connects upstream idea valuation to downstream production and release to market.” Reduces processing time.

Innovation Management 40

Innovation Management Technical Review Management Software Review 40

hackerearth

OCTOBER 16, 2017

Either way, businesses need to identify where they are going wrong because innovation as a business strategy is here to stay. For survival, innovation is almost obligatory (Drucker, 1999). An innovation process “connects upstream idea valuation to downstream production and release to market.” Reduces processing time.

Innovation Management 40

Innovation Management Technical Review Management Software Review 40

Leapfrogging

FEBRUARY 28, 2024

It encourages organizations to focus on the people they’re creating for, which leads to better products, services, and internal processes. When companies employ Design Thinking, they are pulling together what’s desirable from a human point of view with what is technologically feasible and economically viable.

Design Thinking 100

Design Thinking Artificial Inteligence Design Ideation 100

Paul Hobcraft

DECEMBER 26, 2017

The day before the main event I was included in the Industry Analysts visit to the Siemens Technology Center, at Neuperlach in Munich. We were provided a variety of insights in different presentations and demonstrations, of the technology they are working upon. I felt innovation needed a more holistic focus.

Industry 187

Industry Technical Review Competition Technology 187

ITONICS

SEPTEMBER 12, 2018

As many companies integrate open innovation approaches to expand their internal R&D efforts, universities have become a vital source of innovation. Companies provide funding for talented faculties and students for industry-relevant research. Which startups might disrupt the industry or are relevant to the business model?

Technical Review 28

Technical Review Software Review Trends Entrepreneurship 28

Paul Hobcraft

MAY 6, 2018

We also know today that innovation management itself must become “fluid” in design, in adaptation so the right approach is to be constantly ‘adaptive’ and put together what is needed to tackle the challenge that needs resolution. This needs designing in unique ways, not in rigid processes and structures.

Design 138

Design Innovation Agile System 138

Innovation 360

MARCH 22, 2015

We see today how small and midsize companies are taken over by industry giants that sell massproduced standardproducts, i.e. commodities. I argue that it is difficult but indeed possible to create innovative Blue Oceans on all markets today. Understanding Red and Blue Oceans will become imperative to success.

Report 40

Report Industry Technical Review Innovation 40

ITONICS

AUGUST 14, 2020

This technology is a well-known enabler of a variety of innovations serving the needs of humanity, be it in healthcare or mobility. However, how can one apply complex AI algorithms to steer innovation management in a company and add value to the business? Same is done for the internal processes.

Innovation Management 69

Innovation Management Management Software Review Artificial Inteligence 69

Innovation 360 Group

MARCH 22, 2015

We see today how small and midsize companies are taken over by industry giants that sell massproduced standardproducts, i.e. commodities. I argue that it is difficult but indeed possible to create innovative Blue Oceans on all markets today. Understanding Red and Blue Oceans will become imperative to success.

Report 40

Report Industry Technical Review Marketing 40

ITONICS

AUGUST 23, 2018

The leadership should make sure to be a source for overall drive, vision, and ambition of the organization with regards to innovation. For example, the Chief Innovation Officer of Evonik Industries launched the global “Leading Innovation” initiative, which is aimed at managers and the company’s C-level.

Technical Review 44

Technical Review Innovation Software Review Leadership 44

mjvinnovation

NOVEMBER 12, 2020

For many companies, innovation means taking products and services and changing them in detail: color, shape, features, size, etc. However, this form of incremental innovation alone does not work anymore in many markets. Besides, due to digital transformation, companies also need to develop more digital business models.

Company 40

Company Innovation Radical Innovation Competition 40

Commodore Innovation

SEPTEMBER 22, 2020

But underlying the optimism (and fear) there’s a simple, but potentially important truth: AI, especially machine learning (deep learning in particular), could change the economics of innovation. Companies who aren’t attempting to leverage AI to enhance innovation risk being left behind. References: [1] Agrawal, A.,

Artificial Inteligence 40

Artificial Inteligence Case Study Innovation Study 40

Integrative Innovation

AUGUST 1, 2014

O’Reilly and Michael Tushman review and condense the research done so far on the subject. One of the key findings of this paper is that “in uncertain [business] environments, organizational ambidexterity appears to be positively correlated with increased innovation, better financial performance and higher survival rates.”.

Technical Review 67

Technical Review Radical Innovation Innovation Marketing 67

ITONICS

AUGUST 14, 2020

This technology is a well-known enabler of a variety of innovations serving the needs of humanity, be it in healthcare or mobility. However, how can one apply complex AI algorithms to steer innovation management in a company and add value to the business? Same is done for the internal processes.

Innovation Management 36

Innovation Management Management Software Review Artificial Inteligence 36

Paul Hobcraft

AUGUST 20, 2015

Simply put companies ‘die’ due to their inability to adapt to change and transformation projects fail because the message somehow fails to register and never gets completed to the original objectives. Unless we create a strategy to transform, how can we re-imagine our innovation processes?

Change 100

Change Technical Review Marketing Management 100

ITONICS

AUGUST 23, 2018

The leadership should make sure to be a source for overall drive, vision, and ambition of the organization with regards to innovation. For example, the Chief Innovation Officer of Evonik Industries launched the global “Leading Innovation” initiative, which is aimed at managers and the company’s C-level.

Technical Review 28

Technical Review Innovation Software Review Leadership 28

IdeaScale

NOVEMBER 3, 2021

When users are enthusiastic about your product, they can tell you what they think it lacks, so you can make those improvements; that way, they actively contribute to your innovation process. Like it or not, your team of product designers or innovators may have a blind spot when it comes to product features. Conclusion.

Management 130

Management Software Review Software Technical Review 130

Integrative Innovation

JANUARY 27, 2016

Reinvention through business model innovation. Accelerating dynamics and pace of disruption in most industries, in particular triggered by the pervasion of new technologies, lead to decreasing life times of existing business models. For one, attached ecosystems are mostly cross-industry. Open and social co-creation.

Underperforming Technical Team 40

Underperforming Technical Team Big Data Innovation Technical Review 40

Innovation 360 Group

SEPTEMBER 14, 2015

We are probably in the middle of the biggest disruptive change in the market since industrialization. Often engineering-talented companies have invested in customized solutions, a development that is reflected for example in Industry 4.0 The solution is an innovation process that shortens the time from prototype to launch.

Meeting 40

Meeting Disruption Underperforming Technical Team How To 40

ITONICS

JUNE 11, 2019

When it comes to proper innovation management , we see more elements in the process than effective and efficient ideation. We give you good advice: Get rid of yourself in the innovation process. A good starting point to better understand your industry and the opportunities it offers are the Four States of Disruption.

How To 52

How To Technical Review Ideation Disruption 52

ITONICS

JUNE 24, 2019

When it comes to proper innovation management , we see more elements in the process than effective and efficient ideation. We give you good advice: Get rid of yourself in the innovation process. A good starting point to better understand your industry and the opportunities it offers are the Four States of Disruption.

Company 37

Company Technical Review Ideation Disruption 37

eZassi

MARCH 28, 2019

The best solutions tend to be a combination of technology and services. While we tend to think of innovation in terms of new technology, solutions can also come in the form of new types of services that offer improvements on old ways of doing things, meet previously unidentified needs or fill gaps in the market.

Software Review 45

Software Review Underperforming Technical Team Software Technical Review 45

Innovationship

MAY 30, 2018

Capitalizing on the Shift to Digital Technology It was 1994, and I’d just left my position at NASA’s Aerospace Human Factors Research and Design group to join IDEO in Palo Alto. And along with the development of product concepts came the rapid evolution of the innovation process. What a team!

Design 40

Design Design Thinking Culture Leadership 40