This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
What is DisruptiveInnovation? DisruptiveInnovation 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. DisruptiveInnovation 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.
What is White Space Innovation? White Space Innovation is a strategic framework used to identify and pursue growth opportunities beyond a companys current product lines, markets, or business models. White Space Innovation in Innovation In practice, White Space Innovation serves as a catalyst for transformation.
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.
Artificial Intelligence (AI) is transforming the landscape of innovation management. By leveraging AI, you can enhance the efficiency and effectiveness of your innovation projects. AI algorithms analyze vast amounts of data, identify patterns, and provide insights that can drive decision-making processes.
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.
S-Curve Mapping is a strategic innovation tool used to understand the evolution and performance trajectory of technologies, products, services, or entire industries. Each phase reflects different levels of growth potential, innovation activity, and competitive pressure. What is S-Curve Mapping?
What is Agile Innovation Template? Agile Innovation is a dynamic approach to project execution that breaks initiatives into small, manageable tasks, enabling organizations to rapidly adapt to market changes. Innovation is no longer optional in todays fast-paced business landscape.
Disruptiveinnovation has become business’ biggest paradigm. While many companies scramble to create disruptiveinnovation strategies, the problem is that it isn’t a linear process or methodology. We asked him a simple question, “How do you do disruptiveinnovation?”. Disruption occurs.
In this period of such disruption, we do need to hang onto our beliefs, objectives, and goals, both short and long term. For that, we require ingenuity in our abilities to break through present seemingly difficult barriers in technologies, and this calls for breakthrough innovation. The importance of innovation is across the board.
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 innovationprocesses and structures.
Discovery Driven Planning (DDP) is a structured framework for planning innovative initiatives in uncertain or ambiguous environments. It is particularly useful in situations where assumptions outweigh factssuch as launching a new venture, developing disruptive products, or entering unfamiliar markets.
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.
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.
Artificial Intelligence (AI) is revolutionizing the way you manage innovation. By leveraging AI, you can streamline various aspects of the innovationprocess, from idea generation to product launch. Design Thinking : AI can assist in the design thinking process by providing data-driven insights and automating repetitive tasks.
A story has limited value; for me, it is the more powerful narrative that drives innovation, inspiring and gaining identification in multiple ways. So defining stories and narratives, you see the growing potential of having a good narrative for your innovation activities. ” So for innovation, narratives do become vital.
I recently met with a very successful company that is seen as a highly innovative global pioneer that others in their industry, which is facing many structural headwinds and inevitable changes, look up to. The challenge s of centralized innovation. Let’s look into why that is the case. That, however, is where the problem lies.
Where should innovation resources actually exist in an organisation? It might seem like a straightforward question, but it is fundamental to whether a company will end up succeeding at innovation or failing. After all, if innovation is so important, should it not get its own department? Companies that survive do both.
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. Others looking at the innovation progress keep demanding tangible evidence and quantifiable guarantees that the outcome provides clear returns.
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.
You need the ability to adapt to change, and innovate, faster. Thus, for most businesses, the only truly lasting source of competitive advantage these days is the pace of innovation. You might then ask what that means in practice and how to accelerate your pace of innovation. Why does pace of innovation matter?
Every company says that innovation is important, and that they value the ideas of their people. Yet the problem lies in the fact that so few established companies actually know how to go about getting value out of their innovation ambitions, let alone turning it into profit. Suggested reading: 13 – Budgets for Micro-Innovations.
You developed and are using a best-in-class InnovationProcess. You start by talking to consumers, studying mega-trends, and scanning the globe for emerging technologies and disruptive offerings. GUEST POST from Robyn Bolton Congratulations! You imagine what could […].
Innovation Rate Anything fresh on the menu lately? For a deeper dive, see how to marry business strategy and innovation. Pinpointing these gaps lets you tweak and twiddle your strategy into a lean, mean innovation machine. For further intel, drop by our piece on integrating innovation into planning.
Historically, research and development departments within organizations were solely responsible for coming up with innovative ideas. Traditionally, corporate innovation has been an inside job, with few exceptions. Why Open Innovation Is Emerging as a New Paradigm. Flexibility Required to Overcome Political and Cultural Hurdles.
Innovation is certainly a complex and dynamic process that involves many factors and actors and I certainly feel it has been shifting in its focus. I decided to ask GPT-4 what major shifts have occurred in how we approached innovation ten years ago and today. It was suggested that these were the following.
Well, I also believe these apply equally as innovation frictions. So I decided to builds out of their friction analysis, building on the thoughts offered in the report, adding the innovation perspective. So here I am suggesting constraints that need tackling in reducing the innovation friction points, theirs was for blockchain.
We all see around us increasing disruption caused by digitalization. We are seeing a very distinctive advantage in embracing digitalization into innovation. We are seeing a very distinctive advantage in embracing digitalization into innovation. We need to digitize our innovation activities fully.
I finished my last post, “ Are we EVER going to embrace innovation? ” With the argument, we need to change the innovation narrative and significantly update the innovation approach and processes to meet today’s and tomorrow’s business challenges.
From new medical devices to new banking products, to new consumer appliances and more, I've worked on a number of innovation projects in a wide range of industries. Over time, as innovation has matured somewhat, many innovation consultants began to reference Doblin's Ten Types model.
A few days ago I wrote a blog post about the relevance of the Six Million Dollar man to innovation , noting that the show was based around rebuilding Steve Austin, making him better, stronger and faster. Many corporate innovation organizations need the Six Million Dollar man treatment.
Disruptive isn’t a dirty word, but it can be a scary one. Why does the word “disruptive” raise such fear among so many people? Uttering “disruptive” during a meeting can get you looks more along the lines of profanity. At the same time, disruptiveinnovation is what makes our lives better. Mindful Disruption.
Lately I've been reading about the efforts to build or create innovation accelerators. Universities, businesses and even cities and regions are talking about innovation and the need to create accelerators or innovation enablers. These solutions will accelerate interaction, perhaps, but not innovation.
They take a long-term view of their staff and see innovation projects as an opportunity to stretch their employees’ capabilities and to help them achieve their aspirations. Depending on the scope of their ideas, innovators’ careers can be significantly shaped by this journey. The M entor Role in I nnovation . Gaining customer insights.
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. Innovation is the unlocking mechanism.
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.
With digital disruption accelerating across industries, traditional, closed approaches to innovation no longer suffice for most companies. In fact, research shows that companies practicing open innovation achieve faster time-to-market and often realize higher revenue from new products. What Is an Open Innovation Strategy?
I proposed a new Framework for managing innovation this week, called the Composable Innovation Enterprise Framework. This is approaching innovation and its management in more of a holistic, technology-enabled way based on the use of a cloud-enabled Platform and Ecosystem thinking and design. I highlight the key value points.
I firmly believe we are on the cusp of a new innovation era. When you step back and recognize all the different advancements we have making in designing tools and frameworks, in understanding innovation, it holds promise. We are still in need of finding innovations that provide new products, services or business models.
Some of the most impactful innovations dont come from high-tech labs in advanced economiesthey emerge from the ingenuity of resource-constrained markets. Now, these solutions are disrupting industries in wealthier economies, proving that innovation thrives under constraints.
Innovation has been rapidly changing and much of its basics have been swallowed up by some newly defining frameworks that have raced up to the top of the innovation agenda. It is right that we all respond to these but we often forget much of the rest of what innovation needs to be built upon.
Strong leadership is key to enterprise innovation. Creating an innovation strategy that lets you push your industry forward without leaving clients behind needs several pieces to be effective. Another question that needs exploring is where your company wants to go with this innovation. Innovation is about more than ideas.
I've been writing, speaking and consulting about innovation for over 15 years, and I'm constantly amazed by the different perspectives and definitions about innovation. Innovation theater is very similar to what ecologists call "greenwashing" and both are bad for their respective movements.
The problem of scaling can confuse those innovating and can this be changed? You can follow their work over on innovation-3, where they help companies to set the Scaling-Up of a fully validated innovation concept up for success. The risk of being highly scaled is fast becoming a point of disruption for others.
We organize all of the trending information in your field so you don't have to. Join 29,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content