Building Support for Radical Innovation
Sopheon
MAY 25, 2022
Best practices for winning executive support and sources of funding for innovation projects. The post Building Support for Radical Innovation appeared first on Sopheon.
Monitor Your Innovation Capability in these Three Areas
Destination Innovation
FEBRUARY 8, 2018
Secondly, check the efficiency of your innovation evaluation process by monitoring how many ideas make it through the initial selection and into the next stage as projects. Thirdly, check how many projects become prototypes and how many prototypes become new products. How many people are engaged in innovation activities?
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Treat Your Innovation Pipeline just like your Sales Pipeline
Destination Innovation
DECEMBER 19, 2018
The pipeline of innovation projects for new and improved products and services is also strategically vital for the business but typically it is not treated with the same attention or importance. For each item in the pipeline we need an estimate of its cost to develop and projected payback. What are the barriers for each project?
Technical Review 
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Seven Strong Reasons not to Innovate
Destination Innovation
JUNE 21, 2017
Innovation is risky. Most radical innovations fail so let’s just keep making our current products and services better. Everyone is busy but we have to find time and resources for innovation. Highly innovative companies like Google allocate up to 20% of employees’ time for exploration of new initiatives.
What is Discontinuous Innovation? Definition, Examples and Management
eZassi
NOVEMBER 27, 2024
Best Practices for Disruptive, Discontinuous Innovation Create a culture of innovation and encourage a risk-tolerant environment. Allocate resources to R&D and stay ahead by exploring emerging technologies like AI, 3D Printing, and Robotics which can serve as catalysts for radical innovation.
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15 most important Innovation Theories your company should be using
Idea to Value
JULY 21, 2017
Companies which want a structured system to manage a funnel of ideas and projects (e.g. What it is: Inspired by a number of Lean Startup principles along with aspects of Design Thinking and Agile Development, Lean Innovation Management is a framework to manage innovation projects in a more agile way than traditional project management.
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So Where Is Innovation Heading?
Paul Hobcraft
MARCH 27, 2018
To finish BCG provided this visual to outline the processes and cultures that can govern disruptive and radical innovation projects, as digital innovation transformation is certainly that. The road you take will decide where innovation is heading for you.
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Has innovation changed over the last ten years?
Paul Hobcraft
SEPTEMBER 25, 2023
Today, innovation is seen as an open process, where organizations leverage external sources of knowledge, ideas, and feedback to enhance their innovation performance 1. Open innovation is the practice of sharing and using external and internal ideas to create value 2.
Innovation and Organizational Culture
Tim Kastelle
FEBRUARY 21, 2015
After studying innovation among 759 companies based in 17 major markets, Gerard J. Chandy found that corporate culture was a much more important driver of radical innovation than labor, capital, government or national culture. BCG emphasizes the different innovation drivers as follows: Management. Tellis, Jaideep C.
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100 What do we expect from Innovation? Mostly disappointment
Paul Hobcraft
OCTOBER 1, 2018
Those not involved directly within the innovation project constantly remain skeptical or require more proof. Until we treat innovation as a core process, disciplined, structured set of activities that are managed in different ways than the existing business, we will struggle.
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Successful Innovators Apply Multiple Leadership Styles Simultaneously
Innovation 360 Group
MARCH 10, 2019
While much has been written on choosing the most promising innovation project and helping it succeed in the market after implementation, one crucial step in the middle hasn’t received enough attention: how to actually get the job done and done well. Radical Innovators more adaptive. The Cauldron.
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Is Organizational Structure The Secret to Innovation?
Leapfrogging
MAY 6, 2019
To Bahcall, the goal is to create a structure where you get people motivated and incented to go for “loonshots,” crazy ideas that ultimately turn into big innovations. Bahcall’s book argues that the first step is to balance innovation with execution. Management Span: the number of direct reports that executives of the company have.
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Four reasons why corporate startups fail (and how yours can be succesful)
whataventure
DECEMBER 15, 2020
In our recent research on why corporate startups fail and what makes them successful, we had an insightful discussion with more than 40 decision-makers and project leaders from various corporates. The story of MOBIKO starts at Audi Business Innovation in 2017. Rarely innovation projects are being prioritized over the daily business.
The Pressing Need to Link Risk into an Innovation Strategy- part one
Paul Hobcraft
MAY 17, 2016
. “The problem is that an organization’s capacity for innovation stems from an innovation system: a coherent set of interdependent processes and structures that dictates how the company searches for novel problems and solutions, synthesizes ideas into a business concept and product designs, and selects which projects get funded.
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Building Capacity for Breakthrough Innovation
Innov8rs
APRIL 7, 2024
This distinction is crucial because the management systems, support structures, and resources required to nurture breakthrough innovations differ significantly from those needed for more incremental changes. Organizations must develop a capability for breakthrough innovation that goes beyond traditional R&D functions.
Innovation in Education: How Universities can Benefit from Dedicated Software
Qmarkets
JANUARY 25, 2024
The benefit with the highest potential value for any organization is radical innovation. With all the innovative and creative minds to utilize at universities, it is guaranteed that some brilliant radical ideas would be generated.
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A Structured Cultural Approach Managing Uncertainty
Innovation 360 Group
NOVEMBER 4, 2018
Masterful innovators aren’t just throwing stuff at the wall to see what will stick (although there is a time and place for this kind of experimentation), they are structured, methodical and systematic in organizing their innovation projects. Building a culture of innovation. Why do we innovate? What do we innovate?
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Calling all innovators: Africa’s electricity market is ripe for market-creation
Christensen Institute
OCTOBER 11, 2022
In 2021 , stimulus spending meant to spur investment in energy projects was still falling short of what was needed to ensure a sustainable recovery from the crisis. In short, the global pandemic only caused Africa to fall further behind. A silver lining.
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Balancing Innovation via Organizational Ambidexterity – Part 3
Integrative Innovation
AUGUST 1, 2014
As Geoffrey Moore [2] has pointed out, breakthrough innovations need to “cross the chasm” between the initial customers and the majority of the market. Actively managing the market introduction therefore increases significantly the likelihood of success for radical innovations.
The trough of innovation disillusionment
Paul Hobcraft
MAY 6, 2022
Over time our organizations are finding increasing reasons to put off the more radical innovation that is needed. Incremental innovation is safe and contains all the risks within acceptable levels, so it allows the organization to keep its fixation on the short-term as its only line of site (and executive pay-off).
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Developing a new framework for risk and innovation.
Paul Hobcraft
MAY 18, 2016
Risk management, treated as a learning process, not only propels innovation forward but can also speed it up. Real discipline in innovation risk management means a more relaxed approach to the financials. More radical innovations, disrupting positions or new business models would form part of this risk assessment.
Developing a new framework for risk and innovation.
Paul Hobcraft
MAY 18, 2016
Risk management, treated as a learning process, not only propels innovation forward but can also speed it up. Real discipline in innovation risk management means a more relaxed approach to the financials. More radical innovations, disrupting positions or new business models would form part of this risk assessment.
PESTLED360: Iron Out Key Driving Forces in Your Current Environment and Anticipate Future Ones
Innovation 360 Group
MAY 21, 2020
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.
Striking Gold: The $40m Idea Unearthed Through Crowdsourcing
Qmarkets
SEPTEMBER 22, 2022
We recently caught up with Juan Fernando Correa, the Projects Analyst at Hochschild who is responsible for leading the company’s crowdsourcing initiatives. I am a Projects Analyst at Hochschild, but I trained as a mechanical engineer. Please could you start by telling us a bit about yourself and Hochschild Mining as a whole?
How Behavioral Economics is Killing Innovation
Innovation Excellence
AUGUST 16, 2019
When my daughter Maya was in middle school, she decided to repeat a behavioral economics experiment featured in Dan Ariely’s book Predictably Irrational for her science project. In her experiment, she offered participants from the control group two options. Facebook access, she suggested, was going to cost money.
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Innovation and Organizational Culture
Integrative Innovation
FEBRUARY 14, 2015
After studying innovation among 759 companies based in 17 major markets, Gerard J. Chandy found that corporate culture was a much more important driver of radical innovation than labor, capital, government or national culture. BCG emphasizes the different innovation drivers as follows: Management. Tellis, Jaideep C.
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Mitigating risk with a balanced innovation portfolio
Innovation 360 Group
JUNE 25, 2020
Assume that you have a number of projects that you want to execute, and you have a number of resources that can be used to execute them (resources such as innovation managers, or programmers). If the resources can be organized so all projects can be optimally executed without any interdependencies (i.e.,
Project 52
52 
Treating Innovation Risk Differently, Dealing with Uncertainty
Paul Hobcraft
MAY 18, 2016
Based on retrospective analytics—Net Present Value (NPV) models, for instance, are built on market projections that are calculated using past trends—they tend to skew innovation decisions toward optimizing existing product lines rather than pursuing new ones. As a result, promising ideas are often smothered.
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Treating Innovation Risk Differently, Dealing with Uncertainty
Paul Hobcraft
MAY 18, 2016
Based on retrospective analytics—Net Present Value (NPV) models, for instance, are built on market projections that are calculated using past trends—they tend to skew innovation decisions toward optimizing existing product lines rather than pursuing new ones. As a result, promising ideas are often smothered.
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8 Types of Innovation in Business: A Comprehensive Guide
Qmarkets
MARCH 27, 2024
Radical & Disruptive Innovation On the flip side, radical and disruptive innovation challenges the status quo by introducing new concepts, products, or models that shift market dynamics. Radical innovation is about making significant leaps forward, often creating new industries or reshaping existing ones.
How to identify Blockers and Amplifiers for innovation
Innovation 360 Group
AUGUST 3, 2016
Did you know that radical innovators have 51% stronger capabilities in decision making then incremental improvers? Statistically, Incremental companies are worse off in making decisions about new projects, making them more vulnerable than radical innovators.
Digital Technology MoshPit
Gregg Fraley
AUGUST 1, 2018
New Service Offering for Digital Technology Innovation. Discover Ideas for Long Term and Tactical Innovation Projects. Chicago, IL, August 1, 2018 — The MoshPit Innovation Service is an innovation project discovery service marketed by GFi (Gregg Fraley Innovation). GFi guarantees its work.
Technology 50
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Seeking more Energy Transition Ecosystem Success Stories in 2024
Ecosystems4Innovating
DECEMBER 24, 2023
Let us remind ourselves where those collaborations between different stakeholders deliver real change in radical, innovative solutions. For instance, offshore wind energy projects often involve partnerships between energy companies, engineering firms, and local authorities to generate efficient and sustainable energy.
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64 Organizing for Simultaneous Innovation Capability – key findings from +1,000 companies, republished from Drucker Forum 2016
Innovation 360 Group
MAY 29, 2016
Another source on the theme, O’Reilly III and Tushman (2004) , talks about being able working ambidextrously with incremental and radical innovation at the same time. The insight of dividing innovation work into different Horizons in order to manage it effectively is, in my experience, often well known at C-level.
Company 40
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Organizing for Simultaneous Innovation Capability – key findings from +1,000 companies, republished from Drucker Forum 2016
Innovation 360
MAY 29, 2016
Another source on the theme, O’Reilly III and Tushman (2004) , talks about being able working ambidextrously with incremental and radical innovation at the same time. The insight of dividing innovation work into different Horizons in order to manage it effectively is, in my experience, often well known at C-level.
Company 40
40 Managing Change Despite Uncertainty
Innovation 360 Group
FEBRUARY 24, 2018
The second recognizes all of the organization’s internal forces, including preparing and motivating stakeholders to handle the reality of radical innovation. The third is concerned with micro-level of developing stronger innovation skills within project teams. Introduction to UPACS.
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The Causes and Conditions for Innovation
Mike Shipulski
JANUARY 4, 2017
To figure out what’s going on with their innovation programs, companies spend a lot of time to put projects into buckets but this generates nothing but arguments about whether projects are disruptive, radical innovation, discontinuous, or not. Innovation must be measured in dollars. How is it useful?
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Co-innovation: the concept, its benefits, and why you need to embrace it
hackerearth
MARCH 28, 2018
Most often, teams that work on co-innovation projects share some or the other common capabilities, including technical, organizational, financial, and marketing. The best practice for successful co-innovation and for avoiding future disappointment is to fill the knowledge gaps before the beginning of a project.
Successfully Merging Theory and Practice in your Innovation Program
Qmarkets
APRIL 24, 2017
On April 25 th and 26 th , Eric will be a speaker at our Paris Innovation Leader Breakfast Tour, which will explore a variety of topics around the themes of systemic innovation and digital transformation in Enterprise-grade businesses ( click here for more details). Pitfalls to Avoid. Quantity does not equal quality.
Evolution of Hyperloop: Propelling innovation the Elon Musk way
hackerearth
OCTOBER 13, 2017
While it will take another 6-9 months for the project to begin, we took a look at something similar and audacious he had proposed a few years earlier—the Hyperloop. The aim was to understand how Musk makes these radical innovations possible and how exactly he propels innovation.
Choosing your direction of travel
Paul Hobcraft
SEPTEMBER 27, 2017
Let me offer some of the parts that need to be explored and changed, to radically update the innovation effect within the Chemical and Pharmaceutical Industries and allow for a different scope of discovery, engagement and exploitation. Product innovation from discovery to market is still the biggest drag on industry performance.
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Official Launch of the PESTLED360
Innovation 360 Group
MAY 21, 2020
This is what we call incremental innovation. The Innovation Strategic Initiatives are the hunting ground for new 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.
Why platforms and ecosystems matter for innovators
Jeffrey Phillips
DECEMBER 1, 2016
Here we can see that the ecosystem begins to dictate innovation options or choices(gasoline over electricity) and the ecosystem expands as the base product (the car) comes to some maturity by filling gaps around needs (fast food, inexpensive accommodations) that become needs as the car enables transportation.
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Four Models of Intrapreneurship Innovation
Integrative Innovation
JUNE 15, 2017
Although it often involves external partners and capabilities (including acquisitions), it engages significant resources of the established company, and internal teams typically manage projects. Advocates exist to help business units do what they can’t accomplish on their own but should pursue in order to remain vital and relevant.
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