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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 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.
One of the biggest questions I am getting from businesses at the moment is what the potential impact of a recession or the slowdown of the economy might have on their innovation efforts. And according to a new report by Innovation Leader and KPMG USA called “ Benchmarking Innovation Impact, from InnoLead.”
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.
The Context Map Canvas is a strategic tool designed to help organizations understand and navigate the external factors that influence innovation and business performance. It provides a structured way to analyze macro-environmental elements such as market trends, regulatory shifts, technological advancements, and customer behavior.
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?
Do you know what disruptiveinnovation is? No, I am not talking about every start-up trying to disrupt their industry. I am talking about the original theory of disruptiveinnovation, as outlined by Professor Clayton Christensen in his groundbreaking Harvard Business Review article in 1995.
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.
In our minds, technology and innovation are interconnected. However, for every technological advancement, there seems to be a learning curve or adjustment period as we try to figure out how to implement automation into our daily lives. Technology: One Step Forward, Two Steps Back? source: pixabay.com.
Artificial Intelligence (AI) is transforming the landscape of innovation management. By leveraging AI, you can enhance the efficiency and effectiveness of your innovation projects. This technology can be applied across various stages of innovation, from idea generation to product development.
“Why do we always seem to have internal difficulties to self-disrupt?”. In most cases, organizations cannot self-disrupt, which is largely covered by this veritable list of constraints. Do you think these are the “prime” inhibitors to why your organization seems incapable of self-disrupting?
For example, Apple analyzes the Five Forces to manage supplier relationships, differentiate its products, and maintain pricing power in a highly competitive tech industry. Encourages Innovation and Differentiation Helps businesses stand out from competitors. Technological advancements that create substitutes.
Why a Strategy Uncertainty Map is Important Every business faces uncertainty in areas like market trends, competitive shifts, technological advancements, regulatory changes, and economic fluctuations. Key questions to consider: What business goals or strategic initiatives are at risk due to uncertainty?
Elizabeth Francisco, president of ResMan, offers expansive insights from being a woman in business to the rapid advancement of property management technology. Bias showed itself as I came up through the multifamily industry and then in technology with investors, peers, competitors, and prospective customers.
While product-oriented innovation is well-established as a business practice, innovation in service-oriented sectors, such as legal, accounting, and consulting, has had a slower progression – until now.
For example, Apples CSFs include continuous innovation, superior customer experience, and a strong supply chain that ensures product availability worldwide. For example, Teslas CSFs include advancements in battery technology, production scalability, and regulatory compliance for self-driving vehicles.
We are witnessing a very radical change, driven by technology, increasingly disrupting and breaking down past traditional boundaries, partly built to defend positions so as to achieve economic scale. The innovative design has become paramount to these new offerings. The need for radical innovation changes the present position.
The Hidden Challenges of Corporate Venture Capital (And How to Overcome Them) Corporate Venture Capital (CVC) groups have grown in popularity as a vehicle to drive disruptiveinnovation and growth. Through CVC, corporations can diversify their innovation efforts, mitigate risks, and stay agile in an uncertain business environment.
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. We need to transform, be disrupted or certainly re-imagine and this is where knowing your ecosystem comes in.
Contingency Planning: A Practical Guide for Strategy Projects Contingency planning is the process of proactively preparing for potential risks, disruptions, or crises that could impact an organizations operations, strategy, or financial stability. Supply chain disruptions Supplier failures, transportation issues.
In recent years, more and more companies have realized the need for innovation as they’ve seen businesses all around them, and perhaps even their own business, being disrupted. According to McKinsey research , 96% of executives have made innovation a strategic priority, yet only 6% are satisfied with their innovation performance.
For example, a software startup conducting a SWOT Analysis may identify its strong technical team (Strength), limited marketing budget (Weakness), increasing demand for automation tools (Opportunity), and growing competition (Threat). Technology and innovation Patents, R&D capabilities, proprietary software.
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. We need to transform, be disrupted or certainly re-imagine and this is where knowing your ecosystem comes in.
Technology discovery and scouting are essential activities for enterprise innovation programs and R&D departments to identify emerging technologies, startups, and market trends that can drive competitive advantage. Technology Scouting Reports identify specific solutions or partners.
We need to reframe disruption to increase the possibilities for game-changing inventions and innovations to succeed in an uncertain and unstable future. How does this link to being innovative?
The Winds of Change- Innovation Software facing the Innovators’ Dilemma In my research, I am getting a real sense that the current Innovation Management Software model is about to be upended and disrupted as per Clayton Christensens’ “Innovators Dilemma.”
In a recent round of research, I was reviewing adoption rates for new technologies. In this way, innovation in the technology sector is more volatile, powerful, and drives almost every other sector as it moves to keep pace with our own demands. Robotics, natural user interfaces, the list of emerging tech goes on and on.
I mprove strategic decision-making Use data to guide business development and innovation. Supporting Product and Service Development Guides innovation by revealing gaps in competitors offerings. For example, a fitness tech startup might analyze subscription pricing models across competitors to refine its pricing structure.
For example, Teslas success in the electric vehicle industry can be attributed to a strong market demand (Market Attractiveness), innovativetechnology (Sustainable Competitive Advantage), and strong supply chain relationships (Connectedness Across the Value Chain). These could include: Unique technology or intellectual property.
Innovation The ability to continuously develop and apply new ideas, products, or processes. For example, Apples success is built on a combination of strong architecture (seamless hardware-software integration), reputation (premium brand image), and innovation (continuous product evolution). Lead Successful Strategy Projects!
The Executive Innovation Work Mat as a compelling business case. After a series of conversations around the Executive Innovation work mat, Jeffrey Phillips and I decided there was a need to add one more to the series, one that makes the business case for the work mat, one that is more from the leaders perspective.
I spoke to 11 of the world’s leading female innovation experts to get their definition of “innovation” The variety in their responses may surprise you. In 2016, I wrote the article What is innovation? 15 experts share their innovation definition in order to answer the question of “What is innovation?”
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.
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.
Airbnb disrupted hotels. Now big travel and hospitality companies are going after the next disruptiveinnovation themselves before getting blindsided yet again. As part of a new series of articles I’m writing called Everything Transformed , I’m focusing on the widespread disruption of just about every industry on the planet.
Applying the three horizon framework to innovation and change. To explain the impacts of innovation and the change it creates, we’ll use an accepted framework ( the Three Horizons ) to consider the impact innovation has on change capabilities and business models. The Value of the Three Horizons of Seeing Beyond.
The word ‘corporate innovation’ is becoming an increasingly popular buzzword, but for the most forward-thinking companies, it represents the future of the business and a significant spend on research and development. Corporate innovation nurtures unique thinking within corporate settings. Difference in approach to disruption.
Without a structured approach, organizations risk disruptions, resistance, and unforeseen challenges that can derail change initiatives. Technology: Are system updates or new software implementations needed? Failure to Identify All Impact Areas Neglecting certain areas can lead to unforeseen disruptions.
Similarly, Blockbuster experienced almost the exact same disruption. What these two examples have in common is a rapid, sudden change brought about by innovation. In one case the innovation was in media, and in the other case the innovation was in business models and channels. What does this mean for innovators?
For innovation to thrive in a company, it must be prioritized at every level. It’s not uncommon for corporate boards to lack strong expertise in the areas of innovation and technology. Taking an innovation project from idea through execution is challenging, and there can be obstacles at several places along the journey.
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.
To do this, technology adoption and diffusion across the ecosystem needs to improve dramatically. It is equally holding a new form of innovation back, one that is highly collaborative where partners come together to work on more complex problems. trillion in value to global manufacturing.
“Decoupling” the value chain is the next big strategy for digital innovation and business models. Digital disruption isn’t just about the internet or mobile technology. Teixeira says the seeds of digital disruption originally started with unbundling as the internet became widely accessible.
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