article thumbnail

It’s Time To Upgrade Your Innovation Management System

Innov8rs

However, the business environment for corporate innovators has since shifted, and they are now being asked to do more with less. Following a more generic call to “stop innovation theatre”, the current assignment is to create new revenue streams that contribute to top- and bottom-line in the short term.

System 59
article thumbnail

Recognizing the Building Blocks of Innovation

Paul Hobcraft

I finished my last post, “ Are we EVER going to embrace innovation? ” With the argument, we need to change the innovation narrative and significantly update the innovation approach and processes to meet today’s and tomorrow’s business challenges.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Innovation Management in 2023: Foresight & Business Design

Innov8rs

What and how to adjust to better and faster speak to our customers and meet their needs? During The Innovator’s Handbook 2023 launch event, we discussed these topics with Tom Waller (Senior Vice President of Innovation at adidas) and Tiffany Vasilchik (Chief Growth Officer at Board of Innovation).

article thumbnail

Innovation Management in 2023: Venture Building & Scaling

Innov8rs

As part of our recent The Innovator’s Handbook 2023 launch event, we discussed this (and more) with Frank Mattes (CEO at Lean Scaleup), Sean Sheppard (Managing Partner at U+), and Susana Jurado (Head of Wayra Builder at Telefónica). Why can it be so hard for corporates to launch substantial new businesses?

article thumbnail

Frequently Asked Questions about Design Thinking

InnovationTraining.org

What is the difference between design thinking and Lean UX? The goal is to come up with a solution that meets the user’s needs and is feasible to implement. This can lead to more creative and innovative solutions. This helps to ensure that the solution meets the user’s needs and addresses their pain points.

article thumbnail

8 Types of Innovation in Business: A Comprehensive Guide

Qmarkets

Product Innovation Product innovation shines a spotlight on creating new products or significantly improving existing ones. It’s about introducing features, functionalities, or designs that meet emerging customer needs or tap into uncharted market segments.

article thumbnail

New innovation approaches to counter the fear of Business Contagion

Paul Hobcraft

Our ability to perform differently will provide new avenues of innovation discovery and eventual value to offset or bridge the need to make a change we will be forced to make in these different market and society conditions. The four interwoven catalysts to approaching innovation are discussed here.