Remove 2008 Remove Innovation Processes Remove Software Review
article thumbnail

Innovate, Adapt, Overcome: How to Beat a Recession with Idea Management & Continuous Improvement

Qmarkets

job losses skyrocketed during the peak recession years 2008-2010 Given the devastating impact of the 2007-08 financial crisis, it’s little wonder that companies worldwide are sensitive to omens of a new “great recession”. During the 2008 financial meltdown, the coffee shop giant launched its “My Starbucks Idea” platform.

article thumbnail

“Embrace Open Innovation or be Destroyed by it…” – A Case Study on Lego & Bagels

Qmarkets

Lego, the Danish producer of construction toys, is an organisation that is well aware of the value of Open Innovation. In the 1990s the company came close to bankruptcy due to the rise of digital entertainment such as video games; they needed to find new ways of exciting their customers. Lego – Bankruptcy. Bagels – Innovo Damnosa.

Insiders

Sign Up for our Newsletter

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

article thumbnail

“Embrace Open Innovation or be Destroyed by it…” – A Case Study on Lego & Bagels

Qmarkets

Lego, the Danish producer of construction toys, is an organisation that is well aware of the value of Open Innovation. In the 1990s the company came close to bankruptcy due to the rise of digital entertainment such as video games; they needed to find new ways of exciting their customers. Lego – Bankruptcy. Bagels – Innovo Damnosa.

article thumbnail

What is innovation management and why your organization needs it

hackerearth

Either way, businesses need to identify where they are going wrong because innovation as a business strategy is here to stay. For survival, innovation is almost obligatory (Drucker, 1999). An innovation process “connects upstream idea valuation to downstream production and release to market.” Reduces processing time.

article thumbnail

What is innovation management and why your organization needs it

hackerearth

Either way, businesses need to identify where they are going wrong because innovation as a business strategy is here to stay. For survival, innovation is almost obligatory (Drucker, 1999). An innovation process “connects upstream idea valuation to downstream production and release to market.” Reduces processing time.

article thumbnail

Take Smarter Risks through Discovery Driven Planning

KindlingApp

This can, at times, conflict with a true innovation process because of the preponderance of unknown factors inherently involved when one innovates. In 1995, the Harvard Business Review published an article on Discovery Driven Planning (DDP). DDP vs. Stage-Gate.

article thumbnail

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. This variety of perspectives significantly enriches the innovation process.