article thumbnail

So Where Is Innovation Heading?

Paul Hobcraft

The importance of big data, the speed of technology adoption, mobile products, digital design, and technology platforms are at the heart of innovation. It will fundamentally change the type of resources innovation requires. The whole point for innovation today is digital has altered our understanding.

article thumbnail

Treat Your Innovation Pipeline just like your Sales Pipeline

Destination Innovation

Each sales person has to gather data and input their reports and forecasts. This is reasonably straightforward for incremental innovations but particularly hard for radical innovations. We can then evaluate the total projected impact of our innovation pipeline. Does the customer need our product?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Uncharted Waters Disrupting the Corporate Boardrooms

Paul Hobcraft

When you read a report that has within its executive summary this: “ In combination the boards stand unarmed to enter the battlefield of future business creation in a disrupted world ” it makes you want to read on. This is a more than timely report in my view. Is radical innovation a bulleted point at board meetings?

article thumbnail

Innovation cannot expand without the 4th Industrial Revolution

Paul Hobcraft

In a recent report, jointly from the World Economic Forum and McKinsey called the “ The Fourth Industrial Revolution and the factories of the future ” t hey made a number of observations. According to a recent Deloitte report: Most manufacturing lines still look a lot the same way they did 10, 20 or even 30 years ago.

Industry 213
article thumbnail

Exploring Innovation Challenges for CPG Brands

IdeaScale

Radical Innovations – like Campbell Soup’s Habit startup, which makes personalized food recommendations based on an individual’s DNA. Sometimes innovation means finding new applications by reformulating existing products. The Challenges of Funding Innovation.

article thumbnail

Is Organizational Structure The Secret to Innovation?

Leapfrogging

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.

article thumbnail

Developing a new framework for risk and innovation.

Paul Hobcraft

More radical innovations, disrupting positions or new business models would form part of this risk assessment. Increasing rigor, formality and consistency in the strategic planning office which derives its authority from the board and the CEO’s office, needs engagement within the risk management of innovation.