Myth Busted: Does Creativity Need Resources?

Innovation Excellence

The importance of resources to company success was emphasized in the resource based view theory: “firms obtain sustained competitive advantages by implementing strategies that exploit their internal strengths, through responding to environmental opportunities, while neutralizing external threats and avoiding internal weaknesses” (Barney, “Firm resources and sustained competitive advantage”, 1991).

We Require A Shift of Innovation Management Solution Providers

Paul Hobcraft

There is still a real reluctance that the supplier of innovation software solutions has to change. I think with the recognition that innovation occurs across the whole organization the innovation management (IM) providers have to radically alter their business model or recognize they need to broaden out their target market inside organizations as innovation is occurring in all corners of the organization today.

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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. From our point of view, all of the issues pinned down at that time have gained significant importance, are being intensively debated and can still be considered cutting-edge for companies to stay ahead in managing innovation. Let’s have a brief look at each of them: Differentiating and integrative innovation concepts.

Using Agile Product Portfolio Management

Innovation Excellence

Product managers and organizational leaders turn to portfolio management after they have two or more products to simultaneously manage. Traditional product portfolio management is the discipline and framework for applying your two most precious organizational resources—your people and your money—to get the greatest value out of your product investment.

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Innovate like a startup or like big business?

Innovation Excellence

Startups are king when it comes to innovation. Startups, on the other hand, wish they had access to resources, particularly capital. Innovation Open Innovation Product Innovation collaboration Innovation Management Product Management StartupIndeed, established companies often strive to behave more like startups. But in reality, it is quite challenging.

95% of new products fail: make sure yours isn’t one of them

ideas4allinnovation

Every year, over 30,000 new products see the light, of which 95% fail shortly after their launch. For example, Inez Blackburn, professor at the University of Toronto, speaks rather of 70-80% of failed products. The article mentioned above stresses that, for a product to be successful, brands need to arrive at the “perfect formula of innovation, calculation and luck “ Internal innovation, data analysis and consumer engagement.

Planbox Acquires Imaginatik Creating an Agile Innovation Powerhouse

Imaginatik

Planbox, the pioneering provider of AI-Powered Agile Innovation Management software, and Imaginatik, the #1 ranked leader in Corporate Innovation Management according to Forrester Research, will join forces to seize on the innovation boom. Under the agreement, Planbox will acquire all of the assets of Imaginatik Plc (LON:IMTK) related to its Enterprise Innovation Management platform and global operations.

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What Is Business Intelligence?

Collective Innovation

When used correctly this data can allow companies to reasonably predict the outcome and validate their decisions while still moving quickly and innovating. Business Intelligence turns your data into actionable information allowing you to make decisions that increase the likelihood of successful new products, sales programs and marketing efforts. If you’re creating a new product historical data can provide a good measure as to what costs and revenue can be expected.

The Innovation Journey Map

Destination Innovation

The Customer Journey Map is a popular management tool. The Innovation Journey Map (IJM) is a similar concept showing the journey that an innovation takes from initial conception through to final implementation. The purpose of the IJM is to realistically assess what is happening with innovative ideas within your organisation, to identify impediments and delays and to significantly improve the innovation process. Here is a simplified IJM for a new product.

Key Innovation Issues for 2016 and Beyond

Integrative Innovation

Hence, I gave it some thought, starting by revisting an earlier reflection: Beginning of 2013, Tim Kastelle and I identified four key issues in innovation management for the time to come. From my point of view, all of the issues pinned down at that time have gained significant importance, are being intensively debated and can still be considered cutting-edge for companies to stay ahead in managing innovation. Reinvention through business model innovation.

How to scale innovation

hackerearth

In today’s competitive landscape, it’s important that your products stay ahead of the status quo so you can set apart your company’s offering from the competition. With that in mind, it becomes important for companies to efficiently invest their resources toward coming up with new ideas and developing innovative products. In the process of developing cutting-edge products, innovation is just the first step. Hackathons as tools for innovation.

How to scale innovation

hackerearth

In today’s competitive landscape, it’s important that your products stay ahead of the status quo so you can set apart your company’s offering from the competition. With that in mind, it becomes important for companies to efficiently invest their resources toward coming up with new ideas and developing innovative products. In the process of developing cutting-edge products, innovation is just the first step. Hackathons as tools for innovation.

Effective Digital Managers Build Ecosystems for Innovation

IdeaScale

Speed-to-market is a primary driver for innovation.?. Hill talked to the Harvard Business School publication Working Knowledge about embracing the digital transformation and creating an innovation management strategy based on “ecosystems” of innovation. When leaders make the effort of aligning interests and cultivating collaborations both inside and outside the organization, they can meet business challenges while working from a strong innovation strategy.

Business model innovation: a core capability for disrupting your industry

hackerearth

In 2001, Apple introduced an array of products and services beyond hardware and software. Although avant-garde cases of business model innovation like Apple are rare, there are many companies that have tested the waters and tasted the success of innovating their business model. What is business model innovation? Source: Businessmodelinstitute.com.

Why you need extreme constraints to fuel innovation

hackerearth

The team calls itself a curiosity driven research group at Stanford, trying to invent novel technologies with clinical applications with a current focus on resource-poor settings. Amazing, cost-effective and extremely useful innovations come out from this frugal science advocate’s lab. They talk about Zappos, Southwest Airlines, and Aravind Eye Hospitals to drive home the point about turning a constraint, such as resource, time, and method, into a winning opportunity.

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Saif Amer

Innovation 360 Group

Commercial Manager. Saif is a resourceful professional specialized in Innovation Management with a bias toward action and influence change. He has several years of experience in business analysis, strategic management and proven track record of successfully selling and growing product/service revenues in the marketplace while maintaining a high level of client satisfaction in the FMCG industry, consultancy business and Biotech. Innovation Management.

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Business model innovation: a core capability for disrupting your industry

hackerearth

In 2001, Apple introduced an array of products and services beyond hardware and software. Although avant-garde cases of business model innovation like Apple are rare, there are many companies that have tested the waters and tasted the success of innovating their business model. What is business model innovation? Source: Businessmodelinstitute.com.

Saif Amer

Innovation 360

Saif is a resourceful professional specialized in Innovation Management with a bias toward action and influence change. He has several years of experience in business analysis, strategic management and proven track record of successfully selling and growing product/service revenues in the marketplace while maintaining a high level of client satisfaction in the FMCG industry, consultancy business and Biotech. Innovation Management.

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Top Jobs for Innovation Professionals in 2019

IdeaScale

Companies in every industry are accepting that complacency and failure to innovate are tantamount to negligence. Failing to innovate can cause even a large established business to lose ground to competitors that more fully embrace innovation. It requires more than just saying “Innovation is good.” An innovation strategy is a key business asset, and innovation leadership is no longer nice to have, but necessary. Innovation Consultant.

3 Dimensions of Innovation: the 23 Capabilities your company needs to succeed

Idea to Value

The image here is the list of exactly which capabilities your company needs to succeed at innovation. Almost every business leader will tell you that they value innovation and that it is a positive & important factor for their company. In fact, innovation and creativity are cited as being some of the most important skills and differentiators listed by CEOs which will determine their future success. The Three Dimensions of Innovation (by Nick Skillicorn).

Innovation Department Best Practices: A Talk with Peter Berger

IdeaScale

Peter Berger is the Director of Innovation for EmbraerX, a Silicon Valley innovation unit of Brazilian aerospace company Embraer. As an innovation director, Berger is working on projects that include the development of an all-electric vertical take-off and landing (VTOL) aircraft to be used for short-distance air travel with the ease of hailing an Uber. Here’s what he had to say about what it takes to operate a successful innovation department.

How to Achieve High-Quality Ideas in Idea Competition?

Ideanote

In the previous blog post, we laid out the concept behind in-house innovation competition and the benefits that come with it. Now, we will give you a few useful tips on how to manage the contest to assure high-quality ideas are born. If you already picked a suitable innovation management platform to get you started, it is time to plan your first idea contest. Not only it will broaden knowledge resources, but also prevent the silo mentality within multi-unit companies.

Moving towards a new innovation service model

Paul Hobcraft

The realization that innovation goes way beyond product innovation is a massive hurdle for many of our existing organizations to overcome, certainly in what they are offering today as solutions. This is part two of an extended series on my thoughts on “ moving towards a new way of managing innovation ” that explores the potential for changing the management of innovation. I would suggest on the very way we manage innovation.

Innovation through intrapreneurship

ideas4allinnovation

This article published in the Harvard Business Review argues that they certainly exist, provided they have an environment that favors and promotes innovation, with prior knowledge of existing needs in the market. Kodak found itself with a great product, but they did not continue investing in it to make it evolve; they did not innovate as far as they should have. Today, innovation is a debt that no company wishing to be competitive should acquire.

Does culture eat strategy for breakfast?

Innovation 360 Group

Innovations are infinite, even within a finite market. However, not all innovations start with the same chance at a fully productive lifecycle. Innovations that survive are most often those that are supported by an organizational culture that plans innovation strategically and maintains a portfolio of ideas that function well in relation to each other. This is confirmed by many innovator organizations I have encountered all over the world.

Taking advantage of emergence for discovery

Paul Hobcraft

The new innovating world we face in the 21st Century. Innovation needs to be more external in its outreach in creating, combining and recombining knowledge, so it can accomplish particular uses and can materialize all this gained knowledge into something new that actually works in the real world but can be dealing with different configurations in different situations. The complexity today is being faced with any innovation challenge that spans the globe.

Six Internal Innovation Sources You should know

ITONICS

Spotting efficient sources for different types of innovation is a challenge for innovation leaders. We took a closer look at the most important sources of innovation in large companies: The Leadership. Corporate Innovation Board, Chief Innovation Officer, or other senior executives. The strategy and the direction of innovation are set by a company’s top management. R&D body that is centrally managed and financed by the company.

Co-creating volume 3

Innovation 360 Group

Now we start the work co-creating volume 3 of the Complete Guide to business Innovation and you are invited! INTRODUCTION TO VOLUME 3: INNOVATION SYSTEM FROM IDEATION TO GOVERNANCE. Innovators are always saying that they want to make the world a better place, so why isn’t it any better? Every one of us has full access to an infinitely varied and vastly underused resource: Innovation. Innovative thinking alone will not be able to get there, though.

3 Innovative Projects with Ideanote to Get '19 Started

Ideanote

What better way to start this new year than to put actions behind words on that innovative organization culture of yours? As an all-in-one innovation platform, Ideanote can be successfully used in a manner of different ways. Open innovation, idea management platform, employee motivation tool – the possibilities are, if not endless, then at least plenty. Happy innovating! And you guessed it, open innovation in an excellent Ideanote project to get started with.

Principles of open innovation

hackerearth

There are all examples of open innovation (OI) at its best. Popularized by Henry Chesbrough,“Open Innovation” term refers to the broad concepts of leveraging external sources of technology and innovation to drive internal growth. As opposed to traditional closed models where companies use primarily internal resources to drive innovation, in the newer open models, knowledge crosses an organization’s boundary for commercialization in new or existing markets.

11 Paradoxes of Entrepreneurial Thinking: why entrepreneurship can hardly be taught

Open Innovation EU

From that perspective alertness is the discovery of hitherto overlooked current facts and the entrepreneur’s perception of the way in which those discoveries could shape the future market conditions (Kirzner, 1999) and creativity could best be described as the way entrepreneurs deal with radical uncertainty by building upon their qualities of boldness, innovativeness and creativity (Kirzner, 1999). Are managers prepared to allow experimentation? Introduction.

Game Changers: How Citizen Science and Gamification Are Transforming the Business World

Qmarkets

Today, this audacity is reflected in the rising influence of citizen driven innovation and science – that is, the collaboration of volunteer non-scientists with professional scientists in collecting data and analyzing it to resolve real-world issues. As the general public’s interest in science continues to increase, professional scientists and researchers develop innovative tools to effectively engage crowds. Inform your innovation strategy.

6 Internal Sources of Innovation

ITONICS

Spotting efficient sources for different types of innovation is a challenge for innovation leaders. We took a closer look at the most important sources of innovation in large companies: The Leadership. Corporate Innovation Board, Chief Innovation Officer, or other senior executives. The strategy and the direction of innovation are set by a company’s top management. R&D body that is centrally managed and financed by the company.

The Innovation Mosaic: Building Bridges Between the Many Perspectives on Innovation

Legacy Innovation Group

The Innovation Mosaic: Building Bridges Between the Many Perspectives on Innovation. I have been a student of innovation for more years now than I care to count. One of the things that has always made innovation so enjoyable to me is the fact that every business discipline seems to believe they "own" innovation, a premise from which they have devised their particular flavor of innovation – one that in each case mirrors their unique perspectives on business.

Co-creating volume 3

Innovation 360

Now we start the work co-creating volume 3 of the Complete Guide to business Innovation and you are invited! INTRODUCTION TO VOLUME 3: INNOVATION SYSTEM FROM IDEATION TO GOVERNANCE. Innovators are always saying that they want to make the world a better place, so why isn’t it any better? Every one of us has full access to an infinitely varied and vastly underused resource: Innovation. Innovative thinking alone will not be able to get there, though.

Why organization matters for Innovation Success

Innovation 360

Innovations are infinite, even within a finite market. However, not all innovations start with the same chance at a fully productive lifecycle. Innovations that survive are most often those that are supported by an organizational culture that plans innovation strategically and maintains a portfolio of ideas that function well in relation to each other. This is confirmed by many innovator organizations I have encountered all over the world.

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Where Are You on an Innovation Scale?

CREATORS

In this article, we share Creators’ experiences and market observations to give you a brief overview of a typical corporate innovation journey. In today’s constantly evolving markets, the need for innovation is as important as ever. Every company wants and needs to be innovative?—?“able?—?over to create value and sustain/increase the market share by making changes to product portfolio, business models and company structure”. internal innovation activities (e.g.

Innovation Ecosystem: Bridging the Gap Between Digital and Offline Innovation

Qmarkets

Innovation used to be something that would happen in a physical setting, be it in a workshop, a laboratory, research center, etc. Now, with the advent of innovation software, the process of ideation and collaboration mostly happens online. However, there are innate benefits to innovating “in the real world”, benefits which a digital interaction will never be able to fully replicate. Benefits of Online Innovation. Benefits of Offline Innovation. Innovation Hubs.

Innovation Ecosystem: Bridging the Gap Between Digital and Offline Innovation

Qmarkets

Innovation used to be something that would happen in a physical setting, be it in a workshop, a laboratory, research center, etc. Now, with the advent of innovation software, the process of ideation and collaboration mostly happens online. However, there are innate benefits to innovating “in the real world”, benefits which a digital interaction will never be able to fully replicate. Benefits of Online Innovation. Benefits of Offline Innovation. Innovation Hubs.