Defining Innovation Capital

Paul Hobcraft

My definition of what makes up innovation capital: “Innovation capital is the sum of all that promotes the development and changes required for achieving innovation outcomes, within one organization or its broader networked environment, for marketplace advantage”.

Setting the right innovation challenge

Paul Hobcraft

They rightly state it becomes an important aspect is to challenge the existing and find new innovative ways to solve decarbonization issues across many tough areas. Atos offers its first international student competition dedicated to technological innovation. Image Atos [link].

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The Accidental Innovation

Destination Innovation

Innovators are open-minded and quick to learn from failure. The post The Accidental Innovation appeared first on Destination Innovation. History of Innovation Innovation Examples & Lessons accidental innovation invention tebag thomas sullivan

Connecting innovating value comes from Ecosystem thinking

Paul Hobcraft

The innovative design has become paramount to these new offerings. The need for radical innovation changes the present position. The chances for greater, more radical innovation to grow the business comes from exploring mutual opportunities to capture new economic value.

The D&I Garden: Seeds of Innovation that Grow into Creative Breakthroughs

Speaker: Donald Fan, Senior Director of the Global Office of Culture, Diversity & Inclusion at Walmart Inc.

In the digital era, rife with uncertainty and ambiguity, innovation plays an essential role in sustaining organic growth and outperforming the global competition. Research proves time and again, there exists a robust bond between innovation and diversity & inclusion (D&I); our challenge is to help our leaders understand how to plant the seeds of innovation in the fertile D&I garden in order to drive a strategic and competitive advantage from the office and in the digital landscape.

Energy technology needs more rapid innovation cycles

Paul Hobcraft

That is an awful lot of innovation to get us to a clean energy transition from where we are today. As anyone knows the more you explore innovation and what it is trying to resolve, the more complex it becomes. Accelerating Innovation through rapid innovation adoption cycles.

The law of diffusion of innovation

Idea to Value

Any company planning on bringing a new innovative solution to market must accept the fact that not every customer will be willing to buy it immediately. This shows a difference in mindset towards being open to trying new innovations and products. Rogers Law of Diffusion of Innovation.

Facilitating the Innovation Ecosystem Design

Paul Hobcraft

I have a group of Ecosystem Mind maps but I thought I’d share this one here to trigger further the thinking that needs to go into building an Innovation Ecosystem. To be honest I am not sure if it conveys as much as I would like, to reflect on differences when you come to working in innovation ecosystem designs. The key for me in the map shown below is to view considerations differently when you are thinking innovation ecosystems.

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A Remote Innovation Brainstorm Method

Destination Innovation

It is an example of an innovative new blend – ‘country rap’ The lesson is clear. Creative people do not have to be in the same room in order to collaborate on innovations. We need to work remotely and we need to innovate so why not combine the two?

Managing Energy Transition through Innovation

Paul Hobcraft

It is one of the most critical places where innovation application is required and able to be conducted to deliver a sustaining impact in our world. Innovation solutions will provide the energy transition needed, and that is what makes it such a compelling area to focus upon. We need to appreciate the magnitude of the innovation challenges. The critical enabler will come from technology and systemic innovation. Source IRENA [link].

A pathway to building more dynamic innovation capabilities

Paul Hobcraft

To build a pathway to enabling more dynamic innovation capabilities needs to go through Nine Stages. Building innovation capabilities take time; they are complex, highly structured, and multi-dimensional. Getting Started – Understanding the Needs & Imperatives of Innovation Fitness.

11 Ways to Make a Short Remote Design Thinking Project a Success

You can achieve a huge amount in a short period with a virtual design thinking project. While some teams want to come together for several weeks or months to tackle a challenge, others want to run short, sharp projects to find a quick solution. And with the right preparation, attitude, and structure in place, that's totally possible.To help make sure your short innovation projects are a success, download this free guide from the team at Sprintbase, a virtual design thinking platform, to learn their top tips.

Do you recognize your innovators leaders position?

Paul Hobcraft

Often innovation succeeds or fails by the personal involvement and engagement of a ‘selected’ few. Recognizing the types of innovation leadership might help you manage the innovation work a little better. So can you recognize the traits of your innovation leader?

Valuing digitization alongside innovation

Paul Hobcraft

We are seeing a very distinctive advantage in embracing digitalization into innovation. The potential of combining digitalization and innovation insights offers significantly more potential for sustaining growth and building a greater connection into the needs of our customers. Much of our innovation work today is caught up in out-of-date information, poor and inadequate data, restricted research and limited market understanding.

Innovation Culture – The Ultimate Guide

Idea to Value

Innovation culture has long been one of the most challenging, and oft-discussed, topics in our conversations with business and innovation leaders. Given the extraordinary importance of innovation for businesses, and society in general, and the fact that culture has been shown to be one of the biggest barriers for innovation performance, it’s not much of a surprise. What is an innovation culture? Why is an innovative culture so important?

Extending innovations value- appreciating the whole system.

Paul Hobcraft

Well, I had a reflective moment on some points I consider within innovation that need re-emphasizing. So my reflective points were these as we always should consider the whole connected system of innovation. Extending innovations value – appreciating the whole system. For me, innovation needs to be treated more like a complete interlinked value chain. We must step back and see the whole value chain system for innovation. There is always a time to reflect.

System 179

Innovation Needs Constraints

Digital Tonto

All Posts Innovation Silicon Valley StartupsResearchers have known for decades that creativity needs constraints. When you have a limited budget, you simply don’t have the luxury of ignoring problems. You have to face up to them and solve them. [[ This is a content summary only.

The Leadership of Open Innovation

Speaker: Paul Sloane, Director, Destination Innovation

Paul Sloane is a well-known author and speaker on open innovation. In this session, Paul takes us through examples of successful open innovation programs to explore the breadth of what open innovation can be for organizations and the value it can bring. This was a great session you don’t want to miss.

Innovation has the power to unlock the Energy Transition

Paul Hobcraft

The energy shifts undergoing in the energy transitions today are allowing real innovation opportunities when you survey the innovation landscape. Innovation is the catalyst for this. The innovation aspect needs to gather momentum.

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Walking The Innovation Talk

Game-Changer

An organization’s culture is the driving force behind innovation. Innovation doesn’t happen without experimentation , which means making mistakes. So these values have to be aligned to innovation, and they have to be practiced. They want to been seen as innovative.

Innovation adoption in the technology lifecycle for Energy Translation

Paul Hobcraft

Technological innovation has a central role to play in the Energy Transition currently being undertaken throughout the world. This journey of decarbonization can be a journey over many years, and this is where having a very highly focused group focusing on technology innovation will significantly help make the transitions needed, hopefully in a well thought through structured way. Lastly, innovation needs to achieve an affordably decarbonize industrial transition.

Nesta’s Landscape of Innovation Approaches

Paul Hobcraft

Different reasons, different focus areas partly although innovation keeps us together, well me checking in on them, I’m not so sure it is the same their end. Nesta is an innovation foundation. They state: “For us, innovation means turning bold ideas into reality. Just go and explore these, they are such a storehouse of innovation approaches. It is how we should be thinking about undertaking innovation. You sometimes need to kick yourself.

A Strategic Approach to Open Innovation

Speaker: Jeffrey Phillips, Senior Consultant, OVO Innovation

This action-packed session examined the critical questions you should ask as you establish an open innovation framework: which technologies or ideas? Which partners and how many? Which methods? By taking a strategic approach to open innovation, you’ll find the right ideas or partners more effectively, and you’ll accelerate new products to market more quickly. This was a great session you don’t want to miss.

Optimism in Innovation, Thinking About Risk Differently

Paul Hobcraft

For me, there is never enough talked about innovation risk. Innovation is held back so often because the quantification of risk cannot fit into an organization’s current assessment and measurements of risk. Innovation risk leaves many executives very uncomfortable. That growing uncomfortable feeling that innovation places their bonus at “risk” so they like to ring fence innovation as much as possible. So I always welcome discussion on risk and innovation.

Sharply accelerating clean energy innovation

Paul Hobcraft

Today the International Energy Agency (IRA) released a long-awaited update on where innovation needs to be in the energy transition we are undergoing. In this new report, “ Energy Technology perspective: Special Report on Clean Energy Innovation ” released today, 2 nd July 2020, they have developed some improved modeling tools to bring a higher capacity to answer key technology questions in greater detail. This report is a timely update as our new technology innovation focal point.

The Need for Digital Innovation Platforms

Paul Hobcraft

I want to offer some thoughts that need us all involved in innovation to think about as we finish out 2018. If you are frustrated with your current innovation process then read on. If you are not, then simply “click away” and certainly my best wishes by ignoring a very changing innovation world that we are all undergoing. Much of the current innovation process you are currently working with is a Dinosaur, it should have disappeared long ago.

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Organizations suffer constantly from unhealthy Innovation tension

Paul Hobcraft

How often do you feel the tensions surrounding innovation? A tough part of managing within larger organizations is in reducing the layers and competing forces, the underlying tensions that innovation (uncertainty) brings out? Confronted by the need for gathering facts, innovation often struggles as much of this takes significant time and is often outside the organization’s present understanding. Innovation gets caught up in this.

6 Keys to Making Collaborative Innovation Successful

Speaker: Soren Kaplan, Founder of InnovationPoint

We are excited to launch the Collaborative Innovation Webinar Series with Dr. Soren Kaplan. His just released book, "The Invisible Advantage," provides actionable insights into how any organization can create a culture of innovation, an environment that promotes freethinking, an entrepreneurial spirit, and sustainable value creation at all levels and across all functions. By registering for the webinar, you will get a free excerpt from his book.

All things considered for Innovation Thinking

Paul Hobcraft

When we are designing innovation for the future, the search is even more centered around strategically connected value creation. We need to draw on insights, creativity but most importantly have a growing sense of the context we are thinking through to search for new ideas, concepts, and eventual new innovating solutions. It provides the innovation marching orders. Design Thinking is increasing its role in innovation thinking. Source: Rikke Dam and Teo Yin Siang.

Attribute based Innovation Classification

Inspiring Next

Ripi Singh Most common innovation classification is process, product, service, or business model. However, You can choose how you wish to classify innovation, as long as it is novel and adds value. Evolutionary… Read More » Attribute based Innovation Classification.

Innovation Capital Lies Within Organizational Learning

Paul Hobcraft

We need to know how to unlock the real value of innovation both personally and within the organization, we work for. If we do not fully understand where the innovation capital comes from, how new capital and stock can be provided, innovation will remain tentative, always stuttering along. I’d like to offer a fresh view on building your own innovation capital. Then we have the opportunity to build Innovation Capital.

Those that learn to frame the Strategic Innovation discussion are the big winners

Paul Hobcraft

Constructing an innovation conversation framework is never easy, we all come at it in different ways and when it comes to those strategic conversations, we feel a sense of panic and growing tension as our messages begin to fray at the edges and slip more into tactical, the more we talk.

Three Keys to Accelerating Innovation through Connecting and Collaborating Outside your Organization

Speaker: Gordon Vala-Webb, Author, Speaker and Consultant, Building Smarter Organizations

From his upcoming book, Building Smarter Organizations, Gordon will do a deep dive into connecting and collaborating with those outside your organization to accelerate innovation. Gordon will provide practical strategies to connecting and working with the "nearside" of suppliers, partners and alumni in order to accelerate innovation.

Seeking out knowledge that feeds our innovations

Paul Hobcraft

The more we embrace change and recognize innovation demands more of our time, the more we must seek out knowledge that ‘feeds’ innovation. The expectation ‘bar’ needs to be raised from those practicing innovation, I feel the constant need is for those working within innovation; they have this real need to raise their game significantly. Innovation needs organizing but it also needs a better understanding of its contributing parts.

Checking for the global pulse of innovation

Paul Hobcraft

As a report, the 2019 Global Innovation Index (GII) is a whopper, at 450 pages, although 50% of this is detailed economic profiles and data tables for each country within the index. When you are caught up in generating innovation within a business these sorts of reports can often pass you by as not so relevant to your everyday job of innovation. Yet the innovation message is for us all. The interest in innovation is getting wider appreciation and attention.

Why Are We Making Innovation So Complex?

Paul Hobcraft

It always amazes me how we limit growth by not investing fully in innovation. While most large companies want to become more agile and innovative, many of them fail to turn this wish into a reality. There is this consistent need or pressure to grow, yet that specific needle stays stubbornly stuck in low growth numbers, even with all this innovation talk and desire. Innovation as a dedicated activity still sits uncomfortably within many organizations. Innovation Tours.

Why innovation needs management

Exago

Managing innovation is crucial so that valuable ideas are not only generated and recognised, but actually come to life to help overcome business challenges and enhance business performance. The post Why innovation needs management appeared first on Exago. Blog idea management innovation management innovation-tips product developmentIdeas aren't rare, but they are often lost for various reasons.

Reader Survey 2021 Business Innovation Brief

Can you believe we are in 2021? 2020 was a challenging year for innovation and strategy professionals. Here at Business Innovation Brief, we have worked tirelessly to provide guidance and a sense of community for our viewers. Business Innovation Brief’s many thought-leaders eased the physical distance between us by sharing their wisdom and empathy. Our goal is that through our site, we helped make 2020 as rewarding as it was challenging. We would love for you to share your experience about how the site has affected your learning, and also your thoughts on how to make it better. The total time to complete the survey is 3-5 minutes To view the survey, click the “View Now” button below:

What is the ambition matrix and how does it work as part of an innovation portfolio?

Idea to Value

Most companies are not really aware of all of the innovation projects they are working on. This is where a tool called the Ambition Matrix is extremely useful, and it is a tool I use with clients all the time to gain clarity on what their current innovation portfolio looks like.

The Innovation Sophistication Index

Destination Innovation

How can you assess how innovative your business is? The Innovation Sophistication Index is a list of just 24 statements. This is the Launch phase where the need for innovation is recognised but not much has been achieved so far. They believe that they need to be more innovative but are so busy meeting the needs of customers that they have not made innovation a priority not allocated the necessary resources and commitment to make it happen.

Your Future Lies in Occupying the Innovation Job and Using the Skills it Provides

Paul Hobcraft

Here is where innovators are going to be well-positioned. Working within the innovation space will be one of the best launching pads for being more comfortable for the future of work. What struck me was the role innovation plays in all three categories: today’s skills (2018), those that will have demand in 2022, and those that will decline in 2022. Working in the innovation space offers you the opportunity to grow and learn what this means and how it works for you.

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Innovation needs the power of completing the 4th Industrial Revolution

Paul Hobcraft

We are facing greater disruption and an increasing innovation pace. The prospect of new innovation potential will eventually work through into the world of Industry 4.0 Innovation is ready for those accelerating and being fully committed to their 4IR journey.

6 Ways to Create a Successful Innovation Program

Whether you’re just getting started or have an established innovation program, how do you ensure it delivers on its goals on an ongoing basis? Download this ebook to learn the 6 essential building blocks of a great innovation program, from winning a sponsorship to choosing the right software.