The BMI Lab Blog

AUGUST 3, 2017

This approach is very popular because it reduces the risk that radical innovation usually takes. Moreover, companies with great human capital, resources, and capital find that is much easy for them to follow this innovation path, which brings clear advantages, such as: Helps companies remain competitive.

Radical Innovation 60

Radical Innovation Innovation Marketing Disruption 60

Innovation 360 Group

MAY 21, 2020

Often it is misused as a framework for assessing a specific market or even an organization itself. PESTLED illuminates current influences, but more importantly, it alerts you to rapidly approaching changes and market dynamics across industries. It illuminates connections in the data so you can begin to defend your market value.

Radical Innovation 69

Radical Innovation Artificial Inteligence Data Analysis 69

The BMI Lab Blog

JUNE 29, 2022

2005) that the ´failure to adequately define the market is a key factor associated with venture failure´, we identify the definition of the target customer as one central dimension in designing a new business model. These processes and activities, along with the involved resources (Hedman and Kalling 2003) and capabilities (Morris et al.

Technical Review 52

Technical Review Radical Innovation Disruption Innovation 52

Cris Beswick

APRIL 16, 2024

I’ll unpack the core principles of ‘Leading FOR Innovation’ and share approaches to help overcome the organisational antibodies that often stifle innovation, empowering teams to unleash bold ideas that can reshape your industry’s future. Horizon 1 activity has lower risk but also lower return.

Innovation 59

Innovation Culture Creativity Disruption 59

Paul Hobcraft

OCTOBER 1, 2018

Much of the innovation discovery journey is a disappointing one. Resources constantly “churn” and get depleted, waiting for others to be brought up to speed. Those not involved directly within the innovation project constantly remain skeptical or require more proof. So where does innovation sit within your organization?

Report 212

Report Innovation Survey Disruption 212

Qmarkets

OCTOBER 21, 2021

Innovation — a necessary component of any successful business in the modern world. Without it, our companies would fail to grow and evolve with the ever-changing markets that we are serving. A company like Yelp, led by CEO, Jeremy Stoppelman , is a great example of a robust innovation strategy to model your organization on.

Strategy 98

Strategy Strategy Idea Generation Comparison 98

Qmarkets

OCTOBER 21, 2021

Innovation — a necessary component of any successful business in the modern world. Without it, our companies would fail to grow and evolve with the ever-changing markets that we are serving. A company like Yelp, led by CEO, Jeremy Stoppelman , is a great example of a robust innovation strategy to model your organization on.

Strategy 98

Strategy Strategy Idea Generation Comparison 98

Innovation 360 Group

MAY 21, 2020

Innovation 360 has used this framework in many assignments and has often seen it misused as a framework for assessing a specific market or even the organization itself. PESTLED can illuminate current influences, but more importantly, it can alert you to rapidly approaching changes and market dynamics across industries.

Radical Innovation 52

Radical Innovation Artificial Inteligence Data Industry 52

Wazoku

APRIL 5, 2018

The innovation spectrum. Innovation is not one specific thing, it is a spectrum. It can start with small, incremental changes and expand to radical innovation, creating brand new solutions or disrupting an entire industry. How to move up the innovation spectrum? Incremental. Differentiated. Co-authored with.

Radical Innovation 45

Radical Innovation Innovation Innovation Processes Brainstorming 45

Paul Hobcraft

MARCH 27, 2018

The importance of big data, the speed of technology adoption, mobile products, digital design, and technology platforms are at the heart of innovation. It will fundamentally change the type of resources innovation requires. The road you take will decide where innovation is heading for you.

Innovation 186

Innovation Radical Innovation Design Big Data 186

Paul Hobcraft

OCTOBER 3, 2016

To work through these we are all being asked to transform but there has to be a clear end, a return for all this energy and resources it requires, that we are being asked to spend? How and where does innovation fit will clearly depend on this transforming effect. Welcome to the transforming world of Innovation Ecosystems.

Collaboration 273

Collaboration Technical Review Disruption Innovation 273

Paul Hobcraft

OCTOBER 3, 2016

To work through these we are all being asked to transform but there has to be a clear end, a return for all this energy and resources it requires, that we are being asked to spend? How and where does innovation fit will clearly depend on this transforming effect. Welcome to the transforming world of Innovation Ecosystems.

Collaboration 273

Collaboration Disruption Innovation Technical Review 273

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

Integrative Innovation

MARCH 16, 2014

The corresponding integration of incremental and radical innovation can basically be achieved in different ways: Building ambidextrous and lean startup capabilities. Established organizations with larger size usually target at extending their core business by incementally innovating their existing business model.

Radical Innovation 83

Radical Innovation LEAN Underperforming Technical Team Disruption 83

Integrative Innovation

AUGUST 1, 2014

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”. However, we suggest a model that goes beyond the market launch and adds two more phases.

Technical Review 67

Technical Review Radical Innovation Innovation Marketing 67

Innovation 360 Group

JUNE 17, 2019

There are four flashing warning lights that indicate faster, more flexible competitors are about to reshape the competitive landscape: 1. When you are operating in highly regulated markets, like the taxi industry, hotels, or healthcare. Look carefully for situations like these developing in your industry or adjacent sectors.

Resources 40

Resources Radical Innovation Software Industry 40

Paul Hobcraft

SEPTEMBER 27, 2017

In the past week or so, I have been looking a little harder at the Chemical and Pharmaceutical Industry relating to innovation, it left me a little frustrated. I felt that warm and fuzzy feeling, as I read all too often those comforting words or platitudes of how “innovation is vital to us” and one of the “highest areas of focus.”

Collaboration 138

Collaboration Artificial Inteligence Technical Review Industry 138

Innovation 360 Group

FEBRUARY 20, 2020

Below are three key actions most organizations can take right away to improve their innovation ROI. Openness is where market innovation truly takes place. Successful organizations use external resources in an open co-creation process to achieve a larger accessible market through building value nets and growing the total market.

Innovation 52

Innovation Roadmap Marketing Competition 52

Gregg Fraley

AUGUST 1, 2018

Discover Ideas for Long Term and Tactical Innovation Projects. Chicago, IL, August 1, 2018 — The MoshPit Innovation Service is an innovation project discovery service marketed by GFi (Gregg Fraley Innovation). Ideas for innovation projects emerge from the intensive sessions. GFi guarantees its work.

Technology 50

Technology Internet of things Ideation Artificial Inteligence 50

Paul Hobcraft

MAY 18, 2016

Innovation is a learning process not to be confused with a safety procedure, both can be effectively managed and different in their treatment. Equally we have learnt innovation evolves due to this learning process and how ‘it’ interacts with customer needs. As a result, promising ideas are often smothered.

Innovation 133

Innovation Guidelines Learning Management 133

Paul Hobcraft

MAY 18, 2016

It can still come under the broad risk umbrella but judging innovation risk is utterly different from organizational strategic risk. Innovation is a learning process not to be confused with a safety procedure, both can be effectively managed and different. Moreover, the tools commonly used to support the process exacerbate the problem.

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Innovation Guidelines Learning Management 133

ITONICS

JULY 30, 2018

Disruptive technologies or innovations boost new business models that change the game of existing industries like the space industry (SpaceX), the music industry (Spotify), the film industry (Netflix) or the banking sector (FinTechs), just to name a few. They really have to mean it. Yet, this also means hard work.

Underperforming Technical Team 40

Underperforming Technical Team Disruption Innovation Big Data 40

Qmarkets

APRIL 24, 2017

Eric Gabas-Varini is the Partner and Co-Founder of Innovation Framework Technologies, a consulting firm which was founded in Paris, but has since established regional offices in the United States, South Korea & Japan, with a network of associate offices in Latin America and the Middle East. Merging Theory and Practice. Pitfalls to Avoid.

Innovation Programs 56

Innovation Programs Software Review Technical Review Innovation 56

Innovation 360 Group

APRIL 1, 2016

Aligning strategy, leadership style, culture, capabilities and competences is the key to success in building an innovative and sustainable business in today’s ever changing market context. Figure 1 shows Innovation360´s framework of innovation and how the different concepts are interlinked.

Learning 40

Learning Company Artificial Inteligence Innovation 40

Innovation 360

APRIL 1, 2016

Aligning strategy, leadership style, culture, capabilities and competences is the key to success in building an innovative and sustainable business in today’s ever changing market context. Figure 1 shows Innovation360´s framework of innovation and how the different concepts are interlinked.

Learning 40

Learning Company Artificial Inteligence Innovation 40

Innovation 360 Group

MAY 18, 2020

A new product development process that works at lightning speed requires new ways of working plus new ways of innovating. This applies to both B2B and B2C businesses and across industries. The fastest growing companies interpret innovation through multiple lenses. A 3 step process to speed up your time to market.

Product Development 52

Product Development How To Ideation Project 52

Qmarkets

JULY 8, 2017

Eric Gabas-Varini is the Partner and Co-Founder of Innovation Framework Technologies, a consulting firm which was founded in Paris, but has since established regional offices in the United States, South Korea & Japan, with a network of associate offices in Latin America and the Middle East. Merging Theory and Practice. Pitfalls to Avoid.

Innovation Programs 40

Innovation Programs Software Review Technical Review Innovation 40

Innovation 360 Group

MAY 10, 2016

According to their data and analysis (figure 1)companies that pursue the Need Seeker strategy show a much better alignment between business and innovation strategies and they also financially outperform their competitors that pursuit other strategies. Source: Jaruzelski, Staack and Goehle, Strategy&). How do you start the journey?

Leadership 40

Leadership Radical Innovation Underperforming Technical Team Innovation 40

Innovation 360 Group

OCTOBER 29, 2017

Innovations are infinite, even within a finite market. However, not all innovations start with the same chance at a fully productive lifecycle. Sherlock was created to be the first AI platform for innovation management – trained by input data from over 6,000 companies in 62 countries. Background and Support.

Culture 63

Culture Strategy Strategy Underperforming Technical Team 63

Legacy Innovation Group

MAY 27, 2021

And so consequently there's the need for a separate innovation unit to own and drive truly meaningful innovation on behalf of the organization, since having such a unit is the only way that innovation will ever actually happen at the organization; otherwise it simply won't happen.

Innovation 52

Innovation Engagement Groups Radical Innovation 52

Integrative Innovation

OCTOBER 23, 2014

Focus : What is the most attractive area of opportunity – does it reside in the core business or in adjacent businesses or market? Adapters explore adjacent businesses or markets, in some cases exiting their core business entirely. Expanding into new markets inevitably requires operating in unknown areas and experimenting.

Innovation 78

Innovation Disruption Marketing Project 78

Innovation 360

MAY 10, 2016

According to their data and analysis (figure 1)companies that pursue the Need Seeker strategy show a much better alignment between business and innovation strategies and they also financially outperform their competitors that pursuit other strategies. Assemble the new board to match the diversity, culture and values of the markets you serve.

Leadership 40

Leadership Underperforming Technical Team Innovation Radical Innovation 40

Integrative Innovation

MAY 3, 2014

What the Lean Startup offers to Design Thinking: Lean startup methodology helps with discovery of the market opportunity that lives around the observed need. This kind of experimentation is absolutely essential in order to develop and scale new ventures in markets that do not yet exist at the outset.

LEAN 96

LEAN Design Thinking Innovation Design 96

Innovation 360

OCTOBER 29, 2017

Innovations are infinite, even within a finite market. However, not all innovations start with the same chance at a fully productive lifecycle. Sherlock was created to be the first AI platform for innovation management – trained by input data from over 6,000 companies in 62 countries. Background and Support.

Innovation 40

Innovation Underperforming Technical Team Culture Leadership 40

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

Tim Kastelle

FEBRUARY 21, 2015

Adaptability and innovation culture. After studying innovation among 759 companies based in 17 major markets, Gerard J. Chandy found that corporate culture was a much more important driver of radical innovation than labor, capital, government or national culture. Tellis, Jaideep C. Prabhu and Rajesh K.

Culture 100

Culture Radical Innovation Innovation Underperforming Technical Team 100

Idea to Value

JULY 21, 2017

What it is: Rather than a specific theory or methodology, this is a business impetus to make sure that the corporate culture actually encourages innovative behaviour, instead of stifling it. The challenging part of this is that culture is a very personal thing, which will vary between companies, industries and regions.

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Company Underperforming Technical Team Brainstorming Design Thinking 248