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Uncharted Waters Disrupting the Corporate Boardrooms

Paul Hobcraft

When you read a report that has within its executive summary this: “ In combination the boards stand unarmed to enter the battlefield of future business creation in a disrupted world ” it makes you want to read on. This is a more than timely report in my view. Is radical innovation a bulleted point at board meetings?

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What do we expect from Innovation? Mostly disappointment

Paul Hobcraft

Then we have that often-delusional aspect; where the organization has this total belief they are well ahead of their competitors and simply point to their financial performance as the justification that their innovation is superior when it is so many other factors that have determined that. Two reports recently came out.

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So Where Is Innovation Heading?

Paul Hobcraft

The importance of big data, the speed of technology adoption, mobile products, digital design, and technology platforms are at the heart of innovation. It will fundamentally change the type of resources innovation requires. The whole point for innovation today is digital has altered our understanding.

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Treat Your Innovation Pipeline just like your Sales Pipeline

Destination Innovation

Each sales person has to gather data and input their reports and forecasts. This is reasonably straightforward for incremental innovations but particularly hard for radical innovations. We can then evaluate the total projected impact of our innovation pipeline. Does the customer need our product?

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Is Organizational Structure The Secret to Innovation?

Leapfrogging

To Bahcall, the goal is to create a structure where you get people motivated and incented to go for “loonshots,” crazy ideas that ultimately turn into big innovations. Bahcall’s book argues that the first step is to balance innovation with execution. Management Span: the number of direct reports that executives of the company have.

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Overcome resistance and capture growth in the Financial Services Industry

Innovation 360 Group

This can be both good and bad – good, because the acquirers get access to new ideas which can add revenue, and bad because it tends to discourage the development of internal innovation capability, in particular radical innovation which, in our view, is a critical aspect of long term success. The importance of radical innovation.

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Innovation cannot expand without the 4th Industrial Revolution

Paul Hobcraft

In a recent report, jointly from the World Economic Forum and McKinsey called the “ The Fourth Industrial Revolution and the factories of the future ” t hey made a number of observations. According to a recent Deloitte report: Most manufacturing lines still look a lot the same way they did 10, 20 or even 30 years ago.

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