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What Role Does Competition Play in Innovation?

IdeaScale

Competition is innate in what humans do. However, left unchecked, competition can become a toxic fight to win, rather than succeed. That begs the question, exactly what role does competition have in innovation? That begs the question, exactly what role does competition have in innovation? Balance is needed.

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Adopting a Rapid Digital Innovation Process

Paul Hobcraft

The belief that lean management principles will get the innovation out of the door quicker, has been one of those management adoptions that often trick us into believing we are achieving more than we actually are. Designing the complete rapid innovation application process. Yet digital threatens this entire incremental pathway.

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Five Barriers to the Innovation Process and How to Overcome Them

IdeaScale

It would seem that the innovation process is simple: Get an idea, refine that idea, implement it, and repeat the process. Here are five common problems with the innovation process and how to resolve them. A well-implemented strategy is key to any innovation process, but that doesn’t mean finding one is easy.

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Crowdsourced Innovation: Three Things I Learned

IdeaScale

I didn’t realize how important crowdsourced innovation really is in the business world! Here are the three things I learned about crowdsourced innovation from my two weeks working alongside everyone at IdeaScale. Innovation is Required to Be Competitive. Creating a Concrete Innovation System Helps Firms Get Ahead.

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The Potential Returns of the Composable Innovation Enterprise Framework

Paul Hobcraft

The thrust of the framework is “ Organizations can create a more comprehensive and effective innovation ecosystem by utilizing building blocks as components of the innovation stack, guiding platform development using the innovation stack, and supporting the innovation stack with a platform.

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Recognizing the distinguishing points of Innovation Ecosystems

Paul Hobcraft

What distinguishes an innovation ecosystem and makes it a must-have, is its ability to create a highly interconnected, dynamic, and supportive environment where innovation can flourish. What sets an innovation ecosystem apart? This global connectivity is crucial for scaling innovations and maximizing their impact.

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Recognizing the Building Blocks of Innovation

Paul Hobcraft

Many tools, techniques, frameworks, mechanics, and emerging methodologies have allowed different parts of the innovation process to be explored and exploited. We are moving innovation along but not at a pace or design that reflects the need to connect “it ” into one comprehensive process.