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Like many others, I invested time in isolation during the pandemic to engage in various online learning programs. As a highly credentialed coach who coaches many global Agile and SCRUM leaders in major international and local organisations, I enrolled in an Agile Coach Certification Program and enthusiastically attended all daily sessions.
What is Disruptive Innovation? Disruptive Innovation is a framework that describes how new products or business models can transform industries by offering simpler, more affordable, or more accessible alternatives to existing offerings. Disruptive Innovation is not just about technological breakthroughs.
What is the 70-20-10 Innovation Rule ? The 70-20-10 Innovation Rule is a strategic framework that guides organizations in allocating time, budget, and resources across three categories of innovation: core, adjacent, and disruptive. This structured approach helps companies avoid innovation imbalance.
Speaker: Jennifer Hileman - Director, Retail Data & Technology at Orium, and Zach Ettelman - Solutions Partner Team in North America at Talon.One
The holidays are the perfect time to redefine and reimagine your retail strategy, as modern customers are being re-engaged through creative retention tactics. Key Insights: Retail Agility with Composable Solutions: Learn how adopting a composable approach can help your business thrive, through the holiday frenzy and the entire year of 2024.
What distinguishes an Innovation Ecosystem from Open Innovation? Within a short series about Innovation Ecosystems this post asks what really are the distinct differences within innovation ecosystem thinking and design, to provide a set of common distinguishing points to move from “just” open innovation.
Pitching the reasons to change to Innovation Ecosystems in thinking and design So after working through the values of the Innovation Ecosystem over a series of three posts I asked Chat GPT to help me in making a pitch for the change from existing internal orientated innovation processes and structures.
But heres the uncomfortable truth: you can never prove your innovation will succeed. The Futility of Proof in Innovation Why is it impossible to prove an innovation will succeed? Innovation requires the same humility. However, this isnt a cause for despair. Consider a company developing a new app.
Is the horizon the past or the future in innovation dynamism? Innovation has entered its death spiral as many have known it. I mean it, innovation is starved, bleeding from a lack of resources, finances and top leadership resolve. Lets start by defining innovation ecosystems.
They unwrap and apply some clever thinking applying the principals and telling the dynamic ecosystem story in a very different, engaging way. Key characteristics include adaptability, collaboration, resilience and continuous innovation, driven by network effects and decentralized decision-making.
It brings innovation together, a unifying point for the activity and momentum of innovation to become central to the core of the business, in its future investment and value impact. First , as an executive team you will create cohesion and a consistent innovation framework that reduces barriers or uncertainties for innovators.
To keep your business on top of its game, you need to understand how innovation and strategic planning work together. Strategic planning maps out how you’ll crush your long-term goals, and stirring some innovation into the mix helps your business roll with whatever curveballs the market throws.
Understanding InnovationInnovation is the lifeblood of businesses seeking to thrive in a rapidly evolving market. Importance of Innovation in Today’s Business Landscape In the current business landscape, innovation is not just a buzzword; it’s a necessity.
It helps innovation teams reduce uncertainty by laying out the elements of a business or product hypothesis in a clear and visual way. It is widely used in agileinnovation, design thinking, lean startup, and product development methodologies. Innovation often involves uncertainty. Lead Successful Innovation Projects!
For example, Google maintains strategic alignment by integrating innovation-driven strategy (Strategy), a flexible organizational structure (Structure), and a highly skilled workforce (Staff), all guided by a strong culture of creativity (Shared Values). Does our structure support collaboration and innovation?
Combining Ecosystems, technology and GenAI to unlock innovation The concepts of ecosystem innovation and generative AI has arrived at the point where we need to question workflows have the real poential openness has become central to our process of thinking and development building. New Areas of Accelerating Innovation Discovery.
For example, Teslas pioneering work in the electric vehicle market has allowed it to dominate EV technology, build a robust charging network, and benefit from the learning curve in battery technology innovation. The following steps outline a structured approach to harnessing this advantage: 1.
Engage employees at all levels in strategic execution. Improves communication and engagement Encourages collaboration across all levels of the organization. Facilitates agility and adaptation Encourages ongoing refinement of strategy based on results. Maintain a continuous cycle of improvement and learning.
The process breaks innovation into three continuous phases: build a prototype or solution, measure how it performs, and learn from the results to refine the product or strategy. It promotes agility, customer focus, and data-driven decision-making by minimizing time and resource waste on ideas that may not deliver value.
The building always the Innovation Business Case offers a unique approach to tackle one of the real problem areas within innovation- making the case compelling. One of the toughest aspects within Innovation is making the Business Case. It is no different for understanding your innovation fitness.
Feeling trapped, break out of the box with Innovation Ecosystems We continue to fail to unlock the full potential of innovation. I continue to receive reports on the latest surveys on the management of open innovation and its progress. We are trapped in a ever decreasing cycle.
The Design Thinking Toolkit provides practical tools and frameworks that help organizations innovate, solve complex problems, and drive growth. Without a structured approach to problem-solving and innovation, businesses risk inefficiency, misalignment, and stagnation. What is the Design Thinking Toolkit?
Check out our article on mixing business strategy with the innovation process. The Perks of Innovation in Your Game Plan Let’s face it: innovation is the secret sauce in any killer business strategy. Being innovative lets businesses flip the script and dive into ventures nobody’s dared to try.
In innovation projects, the MVP approach helps businesses explore ideas, experiment with solutions, and learn through real-world interactions. Minimum Viable Product in Innovation In real-world innovation initiatives, the MVP model plays a critical role by turning abstract concepts into actionable experiments.
We need to manage reskilling and upskilling to mitigate against both job losses and talent shortages but prepared the future workforce to be more nimble, agile and fluid. Here is where innovators are going to be well-positioned. The Big Takeaway for me is the positioning of working in the Innovation Space. Let me explain why.
Supporting continuous learning and adaptation Helps businesses stay agile and responsive to market shifts. For example, Netflix uses KPIs like viewer engagement, retention rates, and content performance to optimize its streaming platform and improve user experience. Lead Successful Strategy Projects!
Paul Hobcraft and Jeffrey Phillips in conversations around innovation. In this series, planned to be only of 10 to 15-minute conversations, we are picking up on many of the fundamental building blocks of innovation. Jeffery and I go back within the innovation space a long way. We call this the engagement- alignment gap.
Increasing motivation and engagement Helps employees and teams stay accountable for their performance. Facilitating agile adaptation Allows for adjustments based on performance trends and market changes. Innovation and Growth SMART Metrics Launch three new AI-driven product features within the next 12 months.
Discovery Driven Planning (DDP) is a structured framework for planning innovative initiatives in uncertain or ambiguous environments. At its core, this tool supports a disciplined approach to innovation, one that balances creativity with accountability. Corporations launching internal innovation programs.
This approach to business ecosystems fosters continuous innovation and works towards lasting competitive advantage through its interconnected parts. There is a boundless potential of applying the interconnected ecosystem design so it can radically reshape and define continuous innovation, customer-centricity and enduring market leadership.
Understanding this cycle helps businesses time investments, plan for obsolescence, and develop new innovations to stay ahead. By strategically managing technological transitions, businesses can optimize product longevity, enhance operational efficiency, and create opportunities for sustained innovation.
Improve agility by enabling regular goal adjustments. For example, Google has used OKRs since its early days , helping it scale rapidly by focusing on measurable innovation, product growth, and operational excellence. Enhances Motivation and Engagement Encourages teams to set ambitious, inspiring objectives.
Drives innovation and competitive advantage Identifies opportunities for differentiation and growth. For example, an HR department conducting Gap Analysis might assess current employee engagement levels using surveys and exit interviews. Supports strategic planning Ensures goals are realistic and actionable.
The Context Map Canvas is a strategic tool designed to help organizations understand and navigate the external factors that influence innovation and business performance. By capturing these dynamics visually, the canvas enables teams to anticipate challenges, uncover opportunities, and align innovation efforts with real-world conditions.
The goal is to identify performance gaps, set realistic improvement targets, and adopt best practices that drive innovation and efficiency. Traditionally used in manufacturing and operations to track metrics like production time, cost efficiency, and quality, benchmarking has evolved into a broader innovation and strategy tool.
Having an innovating passion. So many multiple strands constantly need to be pulled together to build a complete innovation picture. Innovation ‘speaks to us all in different ways and has multiple meanings. Innovation needs to speak to us. I like to think of myself as an innovation journeyman.
I have argued in the past that innovation management needs to radically adjust and needs to be designed differently, it needs to be highly adaptive. I’d like to offer some views, partly looking out to the future, partly considering what is potentially within our grasp, if we step back and rethink innovation design.
This shift not only enhances job satisfaction but also drives innovation within the organization. For example, administrative tasks such as scheduling, data entry, and basic customer service can be managed by AI, freeing up employees to engage in higher-value activities.
We need to think about a choice-cascade integrative model for innovation. Often we fail to understand our role in contributing to innovation; we need a cascading effect. Here I want to explain my thinking behind this and provide the visual cascading steps I feel help us succeed in innovation. It is complex.
Supports innovation and learning Encourages continuous employee development. For example, Google applies the Balanced Scorecard to track innovation efforts, user experience improvements, and workforce productivity, alongside financial metrics. Internal Processes Perspective Focuses on operational efficiency and innovation.
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. It ‘upends’ much, if not all, of how our business organizations have been organized around, mostly within themselves needing radical change.
Personalized Employee Development : AI-driven platforms can tailor learning and development programs to the specific needs of each employee, fostering continuous growth and engagement. AI algorithms can analyze employee performance data, including productivity metrics, engagement scores, and feedback from peers and managers.
The Ezassi Advantage: Enhancing Supply Chain Agility for Procurement Executives Why CPOs and Supply Chain Executives Should Pay Attention For Chief Procurement Officers (CPOs), procurement leaders, and supply chain executives, staying ahead of disruptions while driving efficiency, cost savings, and sustainability is more challenging than ever.
Innovation-driven projects. Accelerates innovation by testing assumptions quickly. Enhances Innovation Capabilities Encourages iterative improvements rather than rigid execution. Adapt offerings based on real-world engagement. Agile Development Adapts product evolution based on customer insights.
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