Lay the foundations and think in the long term (as a radical innovator would do)

ideas4allinnovation

You won’t be more innovative simply by being more disruptive, and you won’t necessarily be ahead of your time, either. To be a great innovator, according to this article published by Forbes, you must first lay the foundations that will allow you to envisage the changes the future will demand of you. That is how a radical innovator would behave, as opposed to a disruptive one, according to Daniel Newman, author of the article. Innovation disruption innovation

The New Innovation Need: Organizing within a Networks of Collaborators

Paul Hobcraft

How and where does innovation fit will clearly depend on this transforming effect. We are fairly clear that incremental innovation is just not cutting through to give the types of growth expected. There are many outside our existing organizations, standing impatiently at the gates, waiting to come in and take over with market breaking concepts through different business models. A tantalizing prospect, full of innovation. Innovation ecosystems become essential.

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The New Innovation Need: Organizing within a Networks of Collaborators

Paul Hobcraft

How and where does innovation fit will clearly depend on this transforming effect. We are fairly clear that incremental innovation is just not cutting through to give the types of growth expected. There are many outside our existing organizations, standing impatiently at the gates, waiting to come in and take over with market breaking concepts through different business models. Welcome to the transforming world of Innovation Ecosystems.

Uncharted Waters Disrupting the Corporate Boardrooms

Paul Hobcraft

In a recent report called “ Radical Innovation and Growth: Global Board Survey 2016 ” (link opens the pdf) we have results from a survey jointly conducted by Deloitte Denmark and Board Network – The Danish Professional Directors Association, that opens up much that can concern us about the current boardroom and its great difficulty with managing more radical innovation. A lack of understanding innovation in all its forms is coming back to haunt them.

Digital Technology MoshPit

Gregg Fraley

New Service Offering for Digital Technology Innovation. Discover Ideas for Long Term and Tactical Innovation Projects. Chicago, IL, August 1, 2018 — The MoshPit Innovation Service is an innovation project discovery service marketed by GFi (Gregg Fraley Innovation). It’s designed to uncover unlikely, but useful, combinations of technologies, products, services, trends, and insights that lead to breakthrough innovation.

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.

PESTLED360: Iron Out Key Driving Forces in Your Current Environment and Anticipate Future Ones

Innovation 360 Group

Are you confident in your strategic thinking, and your organization’s internal innovation competencies and skills? PESTLED is short for the Political, Economic, Social, Technological, Legal, Environmental, and Demographic factors affecting you and defining your environment.

Official Launch of the PESTLED360

Innovation 360 Group

Welcome to the Innovation 360 presentation of the world’s first collaborative, data-driven artificial intelligence-driven method and tool for collecting, analyzing, and nailing down what you need to know now and in the future. This is what we call incremental innovation.

Data 52

How to Speed Up Your New Product Development Process by 30%

Innovation 360 Group

A new product development process that works at lightning speed requires new ways of working plus new ways of innovating. The fastest growing companies interpret innovation through multiple lenses. When investing in the stock market you need to consider each stock’s volatility.

Overcome resistance and capture growth in the Financial Services Industry

Innovation 360 Group

Dealing with uncertainty demands innovative ideas. Combatting uncertainty demands innovative ideas. Innovative ideas are purchased externally and often not well integrated. Difficulties with speed to market. It drives innovation to a transactional level and leads organizations to seek the perceived lower risk of acquiring new ideas vs developing them in house. Recent discussions with industry players have underscored the issue of speed to market.

Are we playing snakes and ladders with innovation?

Paul Hobcraft

Originally from India the game is a simple race contest based on sheer luck and I am beginning to wonder if we are playing a new version of this with innovation? It just all depends on our luck in rolling the dice, a serendipity with a darker twist that many companies seem to be playing with their innovation capability building. The game came to mind as I read through a recent survey on Innovation. Have we this same luxury with the management and building of innovation?

Survey 100

Fostering Innovation with Technological Solutions – Part 1

Wazoku

What might the link be between Barcelona, fostering innovation with technological solutions and organisations looking to give the people what they want? This two-part series will explore the topic of a session I recently gave at a Design Thinking and Business Innovation Summit. The series opens by considering how organisations are using various technology solutions to tackle everything from continuous improvement through to grand challenges.

Startup Engagement in Corporate Innovation

Integrative Innovation

From an innovation perspective, the ultimate objective is to validate promising initiatives and selectively scale them up in order to adapt or even renew the existing core business. The equity “obsession” of corporates becomes even more surprising as the main objective across all vehicles clearly lies on “new products & technologies”: 30% of corporates state this is the key objective followed by market/ customer access with 16%.

Bringing better Ideas to market faster with AI

Innovation 360 Group

The challenge lies in capturing, organizing, and testing ideas to bring new innovations to market fast enough to realise value. . While organizations have an ability to gather ideas, many still struggle with the remaining phases of the innovation process. According to Innovation 360’s experiments, working with teams across the globe, manual techniques work for up to approx 50 ideas. Using Technology to Push the Boundaries of Creativity . Too many ideas?

Customer Orientation Effects on Innovation

Integrative Innovation

There is a lot of dicussion around how customer orientation effects innovation. The most extreme assertion is to “ignore the customer” in order to not becoming distracted from true innovativeness by getting too close to customers, limiting innovation to incremental new offerings. Danneels studies the effects of customer orientation on a firm’s innovativeness. Hence, by definition, disruptive innovations would initially satisfy emerging segments.

Digital Innovation Units: Recommendations, Trends and Conclusions

Integrative Innovation

Infront Consulting and business magazine Capital recently published their second joint annual study (in German) on the Digital Innovation Unit landscape in Germany. The study authors differentiate between three types of Digital Innovation Units : Innovation Lab : Bundling of company-internal resources in one or more interdisciplinary. teams for repeated identification and prototyping of digital innovations. Recommendartions for action: Innovation Labs.

Scaling Up Startups in Corporate Settings

Integrative Innovation

access to market and customer base for rapid scaling. tapping into novel, occasionally disruptive, technologies or business models – most of which are not created inside the company walls. outsourcing’ uncertainty, particularly in early phases of radical/disruptive innovation activities. However, startup engagement is also increasingly used for tapping into entirely new markets or technologies as well as spotting disruptive innovation opportunities.

Organizational Models for Breakthrough Innovation

Integrative Innovation

As we have suggested earlier, innovation activities that are radical or disruptive in nature, should be separated from incremental innovation around a company’s established core business. The main reasons are: Required capabilities, structures, approaches, success metrics and culture for radical/disruptive innovation are highly incompatible with those required for incremental innovation.

Four Models of Intrapreneurship Innovation

Integrative Innovation

Research shows that growth fueled through organic innovation is more profitable than growth driven by acquisition, in part because the organizational capability required is vastly different. Lippitz the term is defined as the process by which teams within an established company conceive, foster, launch and manage a new business that is distinct from the parent company but leverages the parent’s assets, market position, capabilities or other resources.

Innovation and Organizational Culture

Integrative Innovation

Recently, the Boston Consulting Group (BCG) has published key findings of their latest “ Most Innovative Companies 2014 ” survey. According to BCG’s research, successfully innovating companies approach innovation as a system. Adaptability and innovation culture. After studying innovation among 759 companies based in 17 major markets, Gerard J. Innovation. Organizational stumbling blocks to innovation culture.

Why radical and disruptive innovation might not always be the answer

Ideanote

Surely , in a time where terms like sustaining and incremental innovation have a negative light, who would glorify them ? Isn’t there a risk of next radical or disruptive innovation blindsiding the company, potentially bankrupting the organization ? . Think about Innovation methods like a lean startup and design thinking. Then, the company develops the innovation for this market. A great example is Kodak who developed digital camera technologies.

12 Types of Innovation You Should Know in 2021

IdeaScale

What are the different types of innovation? With so many types of innovation and even more definitions, it can be confusing to discuss innovation in your organization. Open Innovation. It is innovation by sharing both the risks and rewards of new research.

Balancing Innovation via Organizational Ambidexterity – Part 3

Integrative Innovation

The first part highlighted that radical and incremental innovation build on two different innovation set-ups (exploration and exploitation, respect. New research: ambidexterity well done is a key driver for innovation performance. One of the key findings of this paper is that “in uncertain [business] environments, organizational ambidexterity appears to be positively correlated with increased innovation, better financial performance and higher survival rates.”.

Distinct Approaches to Business Model Innovation

Integrative Innovation

Business model innovation (BMI) is becoming ever more important as it turns out increasingly difficult for companies to differentiate based on products and services alone. Directions of impact for business model innovation. The Boston Consulting Group (BCG) has recently published an article , outlining different approaches to business model innovation, depending on a company’s particular context. Reinventors do not need to be radical. (amended, 2015-05-03).

Connecting innovating value comes from Ecosystem thinking

Paul Hobcraft

We are witnessing a very radical change, driven by technology, increasingly disrupting and breaking down past traditional boundaries, partly built to defend positions so as to achieve economic scale. The innovative design has become paramount to these new offerings.

So Where Is Innovation Heading?

Paul Hobcraft

I have written a fair amount about the new innovation era, offering a view on its future design. One that is jumping to a fresh cycle of innovative design. We are in the middle of it, some of you may not have noticed its impact and change but it is significant on the understanding of innovation, in it’s future design. To achieve this innovation has gone digital, pure and simple. So the need to innovate comes from digital as the source.

Innovation cannot expand without the 4th Industrial Revolution

Paul Hobcraft

To do this, technology adoption and diffusion across the ecosystem needs to improve dramatically. Still, the hockey stick of benefits has not kicked in yet – while all companies are making efforts to adopt technology, most of the production industry (~70%) remains in pilot purgatory (where technology pilots last for extended periods of time, and companies do not take the final step of scaling up viable technologies).

We are searching for new pathways

Paul Hobcraft

Ecosystems and Platforms are our pathways to a new innovation future. Ecosystems have suddenly become of age, as they can be formed around common concepts fairly rapidly, they can enable cross-cutting innovation to be delivered in highly collaborative ways.

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.

Choosing your direction of travel

Paul Hobcraft

In the past week or so, I have been looking a little harder at the Chemical and Pharmaceutical Industry relating to innovation, it left me a little frustrated. I felt that warm and fuzzy feeling, as I read all too often those comforting words or platitudes of how “innovation is vital to us” and one of the “highest areas of focus.” Blockbusters seem a thing of the past but perhaps they don’t need to be with a very different innovative approach.

Building upon the four essential pillars for innovation

Paul Hobcraft

It is always welcome to read a thoughtful article that reminds me, no, it actually inspires me, by reinforcing my own belief that innovation is progressing, even if this is sometimes frustratingly slow. The innovation architecture is progressively being recognized and put into place, it’s forming the building blocks of the innovation platform we need to build upon, ones for more radical innovation outcomes. Establishing a Comprehensive Innovation Strategy.

System 138

Treat Your Innovation Pipeline just like your Sales Pipeline

Destination Innovation

The pipeline of innovation projects for new and improved products and services is also strategically vital for the business but typically it is not treated with the same attention or importance. Is there a customer need for each innovation? What will this innovation compete with? Can we crack the technology? This is reasonably straightforward for incremental innovations but particularly hard for radical innovations.

How Human Resources Can Drive Innovation?

Ankush Chopra

If you ask someone the question “which function drives innovation in a company?”, But as you start digging deeper, additional responses will be Marketing, Supply Chain, Engineering, and Information Technology drive innovation. But HR has a massive impact on innovation – much more than people realize. So let’s understand how Human Resources can drive innovation? The post How Human Resources Can Drive Innovation?

3 Reasons Why You Should Embrace a Moonshot Mindset

Game-Changer

The result of 10x thinking are breakthrough technologies and disruptive business models. The curse of incrementalism is normal in established and crowded markets, where industry leaders are protected by branding, switching costs, or any other advantage that gives them power.

Innovation and Organizational Culture

Tim Kastelle

Recently, the Boston Consulting Group (BCG) has published key findings of their latest “ Most Innovative Companies 2014 ” survey. According to BCG’s research, successfully innovating companies approach innovation as a system. Adaptability and innovation culture. After studying innovation among 759 companies based in 17 major markets, Gerard J. Innovation. Organizational stumbling blocks to innovation culture.

Two strategic approaches to innovation: incremental vs radical

The BMI Lab Blog

There are two complementary approaches to innovation: incremental vs radical. When setting up an innovation strategy, there are many decisions to take. Should I choose an incremental innovation path? Or should I rather look for a radical, or disruptive, approach? This approach is very popular because it reduces the risk that radical innovation usually takes. Smartphone industry is a great example of this kind of innovation.

The Global Innovation Index

Innovation 360 Group

The Global Innovation Index gathers data from companies and their clients to measure how innovative countries are all over the world. For 2016, the Global Innovation Index found that Switzerland and Sweden are the first and second most innovative countries on the planet, respectively. The Global Innovation Index. Since the index measures innovation by country, it assumes that business leaders can rely on an average. Finding Innovation for Your Company.

Managing Change Despite Uncertainty

Innovation 360 Group

Innovation360 has identified are three levels of change management essential for creating a culture of innovation. The second recognizes all of the organization’s internal forces, including preparing and motivating stakeholders to handle the reality of radical innovation. The third is concerned with micro-level of developing stronger innovation skills within project teams. In the final analysis, all change is about people – not technology and not market value.

A Structured Cultural Approach Managing Uncertainty

Innovation 360 Group

New technologies can be deployed with a swipe of a finger, appearing across billions of devices all over the world, changing market dynamics in a heartbeat, while competition from emerging markets isn’t just producing cheaper goods and copycat products, but radically redefining the terms of production and distribution. Defining innovation. Many people view innovation as spontaneous, unorganized and unpredictable. Building a culture of innovation.

DON’T LISTEN TO YOUR CUSTOMERS!

Innovation 360 Group

Innovation is essential as a strategy for risk management, but it’s more than that. True innovation satisfies actual needs, not what consumers say that they need. True innovation brings more consumers into the market and grows the pie so that everyone can enjoy more. Kodak’s competition was not just other camera and printer companies, but entirely new innovations like social media. appeared first on Innovation Consultant | Innovation 360 | Home Of Innovation.

What do we expect from Innovation? Mostly disappointment

Paul Hobcraft

Good innovation is notoriously hard to achieve. Others looking at the innovation progress keep demanding tangible evidence and quantifiable guarantees that the outcome provides clear returns. Much of the innovation discovery journey is a disappointing one. Those not involved directly within the innovation project constantly remain skeptical or require more proof. So where does innovation sit within your organization? Innovation is full of rhetoric and hot air.

Report 175

The Global Innovation Index

Innovation 360

The Global Innovation Index gathers data from companies and their clients to measure how innovative countries are all over the world. For 2016, the Global Innovation Index found that Switzerland and Sweden are the first and second most innovative countries on the planet, respectively. The Global Innovation Index. Since the index measures innovation by country, it assumes that business leaders can rely on an average. Finding Innovation for Your Company.

Organizing for Simultaneous Innovation Capability – key findings from +1,000 companies, republished from Drucker Forum 2016

Innovation 360 Group

A fter collecting and studying innovation data from over 1,000 companies in 62 countries, I’m often asked whether Small and Midsize Enterprises (SME) are more innovative and entrepreneurial than larger corporations. In times when the market dynamics, technology development, and diffusion are faster than ever, it is a natural question. According to Steve Coley (2009) the innovation work can be divided into three parallel Horizons , each one representing an S-Curve.