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

Opportunity cost

Idea to Value

This is especially true when it comes to strategic decisions around innovation. If you choose to spend your time, focus, effort and money developing one idea or innovation, it means you cannot spend those same resources on other ideas. Most companies do not struggle with innovation because they have too few ideas.

LEAN 225
Insiders

Sign Up for our Newsletter

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

article thumbnail

Qmarkets and Accel IQ Digital Partner to Strengthen Strategic Open Innovation Management Activities

Qmarkets

Ariana Smetana, CEO and founder of Accel IQ, said: “Staying competitive in the rapidly changing marketplace requires building faster new capabilities, and increasing efficiencies through lean innovation and transformative initiatives.” About Qmarkets Managing innovation at large company is never easy.

article thumbnail

Recognizing the Building Blocks of Innovation

Paul Hobcraft

The tool and techniques that stand out for me, in their contribution, value and my use have been, in no specific order, cover the jobs-to-be-done , ten types of innovation, crossing the chasm , blue ocean, business model canvas and value proposition canvas, building core competencies , lean start-up, agile and design sprints.

article thumbnail

Key Issues in Innovation Management – Revisited – Part 1

Tim Kastelle

At the beginning of 2013, Tim Kastelle and I identified four key issues in innovation management for the time to come. Let’s have a brief look at each of them: Differentiating and integrative innovation concepts. Tip: Tim Kastelle has posted a worthwhile series on how to implement lean startup for innovation initiatives.

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

Innovation Management in 2023: Foresight & Business Design

Innov8rs

To assess the current portfolio, adidas periodically deconstructs every project through the lens of the Lean Canvas model. This way, the company can reallocate talent and resources and put more emphasis on what really matters to them. Recently, they’ve cut down the portfolio size by 50%.