5 Ways to Overcome the $1 Million Paradox
To understand the difference between how new ideas are treated in startups and in big companies, you need to understand the $1 million paradox.
Innovation in Focus: Private Equity and Institutional Actors
Private equity funds invest in many traditional companies. So do institutional actors. When asked, leading voices in this field often claim that they are not looking for the next big thing, but dominant companies in the field, with low risk and a relatively predictable and stable cash flow.
What Do Innovation Maturity Assessments Have in Common?
Building a repeatable model for innovation is a journey, not a trophy. An innovation department builds services and competencies across multiple disciplines – from research to communications and culture. And even with a dedicated innovation department, they must cooperate seamlessly with other parts of the business in order to deliver meaningful results on an ongoing basis.
Digital Tools and the Future of Remote Work
Until about four months ago, remote work was somewhat of a rarity, and, at very least, something most people were unfamiliar with. One of the few COVID-19 silver linings, however, was that many companies were forced to have their employees work remotely due to stay-at-home orders. This meant more time with families, less time in transit, and, for a lot, a surprising sense of comfort at "the workplace."
How the Next Wave of Innovators Can Rebuild the Economy After a Crisis
Innovation takes many forms, and it will likely come from unexpected places in the next normal. Here are 3 ways business leaders can drive innovation regardless of what happens in the world.
Knowledge Management in the Era of the COVID-19 Crisis
Executives should look at three-step processes of knowledge accumulation, integration, and reconfiguration. This model for managing knowledge reflects a more strategic and practical perspective, as it is process-oriented and most applicable for leading organizations.
Peace through Entrepreneurship: How Businesses Can Be a Force for Unity
Cyprus is politically divided, movement is restricted, and there are two different authorities and sets of laws. How can innovation and entrepreneurship thrive in such a polarized environment - and alternatively, how does that polarization drive innovation?
Four lessons from M-Pesa on Innovation Adoption
M-Pesa, a mobile-based financial service, did not follow a linear, step-by-step innovation process. In this article, Eivor Oborn follows M-Pesa's rapid trajectory to unearth how people who used it in Kenya, and how that helped the company adapt its product development.
Why Digitalization Doesn’t Change the Way Companies Innovate
Will digitalization fundamentally change the way companies innovate? Our answer is no. While digital technologies hold enormous innovation potential, they belong to the sphere of “solutions” and are means to a higher purpose.
Five Principles of Innovation Measurement
What gets measured gets managed. Innovation is not serendipity; it’s a managed process of transforming novel ideas to achieve their business value. You can only manage what you measure.
Five Perspectives of Innovation Management Maturity
The success of innovation management is never an accident; it’s a holistic management process with an iterative thought-out planning and execution continuum.
Spotless: An Innovation Roadmap
Bridie Scott is an Innovation Manager at Spotless and she’s taken the business on a journey from a large-scale company with big goals to a company that is listening to and empowering all of their frontline employees in the innovation process.
The 3 C’s: Complex Problem Solving, Creativity and Critical Thinking – Core Soft Skills Required in the Workplace of the 4th Industrial Revolution
The next in our series on the 4th Industrial Revolution, from the Business Optimization Training Institute (BOTI). Start with Part I here.
How Can You Use Gamification to Boost Innovation?
A serious game based on innovation methodologies can be an extremely useful tool at different phrases of implementing innovation in a company. Let's take a look at how to implement gamification into your innovation strategy.
Can Web Scraping Help Your Business?
Web scraping, sometimes also called data scraping or just plain scraping, is the technological art of mining other company's information in order to collect data. Business owners can also use it to gather information from social media sites and online publications.
How Companies Can Pursue a More Circular Economy
There are studies that say the world will run out of oil within 55 years. All the while, aquatic creatures are suffering at the hands of plastic pollution every day. On top of that, our collective contribution to the greenhouse effect is sending us underwater as sea levels rise at unprecedented rates.
How Many Types of Innovation Are There?
Innovation thought leader Nick Skillicorn recently did a pretty good job summarizing all of the innovation theories. And we noticed that there are a few key similarities between most (or all) of these theories that we think are interesting! Download this infographic to learn more about the 15 Theories of Innovation.
Start Here for Creative Leadership
How can leaders fight apathy or indifference in the workplace and create an environment where creativity and innovation can naturally flourish?
How Going Green Can Help Your Profits and the Environment
The scientific consensus on anthropogenic climate change only grows stronger. The most recent word from scientists is that the present warming of the globe is "unprecedented" in the last 2,000 years. Some 99% of scientists stood in agreement on this in 2011, and now the scientific community has declared there's "no doubt left" that human activity is warming the earth.
How Are Innovative Learning Platforms Influencing the Future of Work?
Technology has been transforming the workplace for some time now. The traditional education system was formed in the heat of the industrial revolution and many would say is obsolete nowadays. It was primarily meant to create a workforce that was only fit to perform one task for the rest of their working lives. Motivation has obviously shifted from those times towards more engaging, complex, and fulfilling work.
Driving Exponential Online Growth by Creating and Reaching New Digital Customers
How can we succeed in the online world when it seems to be changing by the day? This article explores critical questions business leaders need to be asking themselves as they explore case examples and strategies that have been applied by others, examine how the technologies and capabilities of the ‘mobile first’ internet could evolve in the next few years and identify a set of practical actions they can adopt to drive exponential online sales growth.
Startup Ideas are NOT Inspired on the Spur of the Moment!
Based on research in the market and in many countries, I tried to figure out the exact mechanism by which startup ideas are created. Aim is to facilitate and expedite this process for would-be entrepreneurs. Is it mainly a matter of brainstorming effort or are external factors at play?
Technology for Better Innovative Management
In today’s workplace, you’re expected to do as much as you can with a variable amount of resources. How can you keep an in-office, remote, or combination workforce engaged using technology? We recommend four steps: educate, collaborate, monitor, and secure.
Key Innovations that are Transforming the Supply Chain Industry
Technology is transforming every industry across the globe, and its effectively driving the business world forward as a whole. At the center of all of this is, of course, the bottom line, or the consumers, and how they benefit from the integration of tech solutions into the processes of their favorite brands.
Digital Factory of the Incumbent: Software of the Mind
This paper was originally published on smartinsights.com, the 11th of September, 2018. Republished here with permission from the author.
Technological changes are one of the leading advocators to shape customer value. They are characterized by a process of social technological variations, rooted in different disciplines e.g., economics, sociology, and psychology.
Leading Innovation within Government Agencies: What to Drive and What to Avoid
As innovation professionals, we too often look for inspiration from organizations such as Apple, Amazon, Tesla, Spotify, Google, etc. Cultures within these businesses are encourage transparency, experimentation and autonomy resulting in engaged workforce of the best and brightest minds, pumping out game changing products on-schedule, on-budget and on-point. We want that for the organizations that we support. We want to drive those behaviors.
Five Bottlenecks of Digital Innovation
The business needs to define strategy, profitability, and relevance at any given time to break through bottlenecks and avoid pitfalls on the path to innovation.
How to Innovate with Big Data: 4 Essentials
A few years ago, big data was a brand new frontier for businesses, and few could afford to leverage the technology on a large scale. Today, it’s much more accessible for companies of all sizes, and the field of big data has begun to mature.