Types of Innovation
Innovation is an important part of staying competitive in any market, and most businesses would say it’s a high priority for their organization. When thought about abstractly, however, it’s hard to imagine how innovation [...]
What Is an Innovation Manager?
Innovation is a sector in which companies are putting an increasing amount of effort into optimizing, and with this growth comes new opportunities. Some of the roles that have sprung out of an increased [...]
What Is Innovation Strategy?
Innovating doesn’t just happen when inspiration strikes. In order to ensure forward progress, a business has to create a structure that stimulates innovation regularly. This structure will determine the rate and efficacy of overall [...]
Ambition Matrix: What It Is and How To Use It
Creating an innovation strategy means improving what you currently offer and finding ways to differentiate from your competition in the future. This is easy in principle, but applying this practice to your business can be very difficult.
5 Elements to Consider when Commercializing Your Ideas
In this article, we look at five tips to launch your next innovation, using a proven framework for successful launch and scale.
What Is Idea Management?
Traditional innovation can only take your business so far, and without an evolution of processes, you might find it harder than ever to move new ideas forward. Introducing structures and systems to formulate, organize, and act upon new ideas is one of the best ways to optimize internal innovation. This practice is better known as idea management, and in this article we will define and discuss idea management in full.
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Welcome to InnovationManagement
The mission of InnovationManagement.se is to democratize the practice of innovation. By creating a shared library of resources and connecting a network of practitioners, we believe that anyone can learn to be an innovation leader. Through delivery of our curated content, we believe we can accelerate an innovator’s path to success, whether that is launching their own idea, stewarding the ideas of others, are leading an entire organization to profitable and positive change.
What Is Innovation Strategy?
Innovating doesn’t just happen when inspiration strikes. In order to ensure forward progress, a business has to create a structure that stimulates innovation regularly. This structure will determine the rate and efficacy of overall innovation and is commonly known as an innovation strategy. This article will define innovation strategy, discuss how to create one, and outline the main types of innovation. What Is Innovation Strategy? An innovation strategy is a plan that organizes future growth milestones in an effort to fill unmet customer needs. It will detail the value added to the product/service in the coming months and should evolve your business to better target an improved customer experience. An innovation plan will consist of the policies, research methods, [...]
Ambition Matrix: What It Is and How To Use It
Creating an innovation strategy means improving what you currently offer and finding ways to differentiate from your competition in the future. This is easy in principle, but applying this practice to your business can be very difficult.
How Online Whiteboards Create Actionable Results for Businesses
To run a successful business, you must be able to complete individual and shared tasks regularly and reliably. One of the most significant components to achieving this is making sure you create actionable results in your meetings, conversations, and workflow.
Types of Innovation
Innovation is an important part of staying competitive in any market, and most businesses would say it’s a high priority for their organization. When thought about abstractly, however, it’s hard to imagine how innovation can impact current and future opportunities. In order to better understand how innovation can have a tangible impact, we created this guide to the main types of innovation and how they are commonly implemented. What Defines Innovation? Innovation is a process that questions the status quo, locates new solutions, and solves problems for people in a unique way that adds value to their experience. As defined by Ideascale, “Innovation is the process of creating or improving products, services, and processes. Regardless of size, these changes [...]
How Can Nonprofits Develop a Pilot Innovation Process that Works for Volunteers?
The innovation process (as variable as it can be) has a seemingly basic format no matter what your goal is: once you understand the problem, you identify some solutions to test. Those tests often occur in some limited, proof-of-concept format and are then rolled out for large-scale adoption. However, while testing out some sort of pilot scenario seems like a logical next step, many organizations aren’t sure how to do this, and it’s especially true for nonprofits where resources can be limited and every dollar must be accounted for.
7 Steps to Reconcile Co-Innovation and Confidentiality: How Secret Should Your Co-Innovation Transformation Be?
In an increasingly competitive, connected and globalized world, co-innovation and value co-creation have recently become the norm for all R&D projects from startups to large organizations. In fact, co-innovation is critical to the development and sustainability of organizations of all sizes and and all industries.
How to Innovate Your Business to Make It Climate Efficient
Climate efficiency is key for the future of everyone on this planet. With an issue of such magnitude, you may feel that individual actions cannot make a large impact. While your business by itself cannot solve global warming, the actions you take can inspire others and can have a much bigger impact than you may realize.
How to Create Innovation Confidence During the Great Resignation
Do your employees feel confident at work right now? Or are you worried that the Great Resignation may impact your company? Take these steps to make sure that your focus on innovation is the reason employees stay, and not the reason they leave.
Is Communication Sabotaging Your Ability to Innovate?
Avoid these four communications landmines as you navigate the stages of innovation.
How to Improve Return on Investment With a New Project Management Approach
Too often, leaders label projects as successes or failures based on budget and schedule expectations. Although time and cost are critical factors, they ignore whether the project delivered the expected benefits.
Is Communication Sabotaging Your Ability to Innovate?
Avoid these four communications landmines as you navigate the stages of innovation.
Innovator Dilemma vs. Innovator Phenomena: The Theory of the Firm’s Phenomena
Established firms’ strategies remain characterized by the inability to master---some will say even comprehend---the economics of choosing. It is particularly surfacing unresolved relationships between [1] technical-technological, [2] economic and [3] social combinations taking place within established firms e.g. manufactured product.