Remove Innovation Processes Remove Radical Innovation Remove Training
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So Where Is Innovation Heading?

Paul Hobcraft

This needs significant process redesign and the redesign into small, nimble teams and cross-trained groups who collectively gather around a problem to solve it and then disperse and reform in different shape and form to address the next need. The road you take will decide where innovation is heading for you.

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Innovation cannot expand without the 4th Industrial Revolution

Paul Hobcraft

Depending on the day, the machine may break and need maintenance or an adjustment, the line settings may need to be modified for a specific product or run, or the operator may need to step away to resupply the line or be trained on a new procedure. In 4IR transformed manufacturing sites this is no longer the case.

Industry 213
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5 Tips for Launching a Successful Company Innovation Challenge

Qmarkets

Companies with structured innovation processes significantly outperform their peers in implementing new ideas and driving business growth. McKinsey’s findings suggest that companies fostering a strong culture of innovation excel in leveraging technology and accelerating their competitive differentiation.

Tips 93
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PESTLED360: Iron Out Key Driving Forces in Your Current Environment and Anticipate Future Ones

Innovation 360 Group

Alternatively, Innovation Strategic Initiatives (those that need to be explored) are the hunting ground for innovation, which typically is what we call radical innovation. Incremental and radical innovations can be anything from services and products to business models and processes.

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Choosing your direction of travel

Paul Hobcraft

We know that the tantalizing effects of artificial intelligence, data analytics and these algorithms need to be built into internal systems to make it a systematic digitization process of innovation discovery to realization built on data science and innovation understanding.

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15 most important Innovation Theories your company should be using

Idea to Value

Additionally, software systems like this do not replace people in the innovation process and cannot automate its management. It can be used to spot gaps in the overall list of projects and types of innovations you are developing ( see point 2 on Ten Types of Innovation).

Company 254
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5 Misconceptions to Avoid When Building Your Innovation Strategy

Qmarkets

Start by defining each component you will need to successfully innovate. At a basic level, you can start by: Aligning Your Goals with Your Culture – Bring in new talent, training, partnerships, or employee incentives to drive innovation throughout the organization.