article thumbnail

Lateral Thinking in Business Strategy

Destination Innovation

Let’s look at some examples of lateral thinking in business strategy and innovation. Dyson disrupted the vacuum cleaner market by creating bagless vacuum cleaners, a concept that challenged the traditional vacuum design and improved performance. How can you differenitate your business from the competition?

Strategy 169
article thumbnail

Taking the Lead: A Comprehensive Approach to Virtual Team Project Management

Leapfrogging

Introduction to Virtual Team Project Management In today’s globalized business environment, virtual team project management has become an indispensable aspect of organizational success. The agility to respond quickly to market changes and customer needs. Access to a broader talent pool, unbound by geographic constraints.

Project 100
Insiders

Sign Up for our Newsletter

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

article thumbnail

How to Kill Innovation Projects

Destination Innovation

Starting exploration projects. Killing the weaker projects. They are all important but I believe that the most vital is #8 – the ability to kill off the weaker projects. Starting evaluation projects is harder but you need to start many because no-one knows which will succeed. Listening to customer feedback.

Project 234
article thumbnail

Driving Innovation: Proven Strategies for Fostering Team Collaboration

Leapfrogging

By recognizing the importance of collaboration and taking deliberate steps to cultivate it, organizations can ensure they remain competitive and innovative in an ever-evolving market landscape. Adopting these strategies can significantly improve the way teams interact and work together.

article thumbnail

Business Models Changing the Landscape of Growth and Innovation

Speaker: Cheryl Perkins, Founder and President, Innovationedge

She will lead you on a journey through business model basics and describe how companies are taking innovation strategy to the next level, while tackling the current challenges of talent management and innovation fatigue. January 28, 2020 9:00 AM PST, 12:00 PM EST, 5:00 PM GMT.

article thumbnail

Innovative Strategies for Effective R&D Budgeting

Innov8rs

As Tobias and Oliver say, R&D budgeting is not merely about allocating funds to different projects. The dynamic nature of R&D, coupled with rapid technological advancements and shifting market demands, adds another layer of complexity to the budgeting process.

article thumbnail

Powering Up Your Strategy: Success Factors for Executive Team Offsites

Leapfrogging

In today’s fast-paced business environment, crafting and leading an effective executive team offsite has emerged as a pivotal strategy for fostering alignment, stimulating innovation, and bolstering organizational resilience. Selecting the Right Venue The venue for your offsite plays a significant role in contributing to its success.

Strategy 130
article thumbnail

Measuring Innovation Performance

Why do only a third of the organizations worldwide have formal innovation metrics in place despite accepting that innovation is critical to survival? Download this eBook to learn about the 5 basic principles that guide every successful innovation process.