DNA of an Innovative Business: Is It Yours?
With the acceleration of modern economic, societal and environmental changes, new opportunities are created everywhere, and often where we least expect them.
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.
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.
How IP Law Encourages Creativity
Innovation is crucial for our society. Technological developments in every area of life have completely transformed the way that we communicate, travel, work, eat, and so much more. Without realizing it, we count on inventors like Steve Jobs and Elon Musk to improve and transform our daily lives. What we also don’t realize is that one of the driving forces behind innovation is intellectual property (IP) protection.
Information Systems Management: What Is It?
What is information management when compared to computer science? The real difference is in application. While computer scientists are focused on science, mathematics, and a technical approach to computing, information systems is more focused on individual and organizational development. This typically involves using the programming created by computer scientists.
Tech Trends Improving Business and Operations
New technological advancements emerge every day. As this takes place, it's important to stay aware of changes and advancements.
A More Innovative Europe? Think Different About Innovation!
In Brussels, the Research & Innovation Program Horizon Europe (FP9) is the talk of ‘EU town’. Horizon Europe is hoped to be the great leap forward of Europe to close the innovation gap to the US and stay ahead of the emerging innovation giant China in the coming years.
How Education Can Advance and Innovate Your Business
Education is a powerful vehicle for professional growth. It’s now more affordable, and recent technological innovations have made it easier for employees to acquire and advance their skillsets.
Changes to Drive More Value from Your Innovation / Ideation Platform
In our previous article we focused on some of the serious issues being faced by clients and vendors who are working with innovation / ideation platforms.
7 Mistakes to Avoid when Measuring Innovation
Measuring innovation is one of the most ambiguous tasks when engaging in innovation management. Because of the complex nature of innovation, finding the right metrics is far from being simple.
How Technology Can Augment Human Collaboration
Innovation requires collaboration, but collaboration is stuck in a rut. Data science can help us climb out. It can increase the scale, the intentionality, and the nuance of how we collaborate. With the right data and algorithms, we can set our teams up to do something innovative.
The i-Word
Is there any word more fundamental to the modern business lexicon than ‘innovation’? To say that it forms an important part of enterprise is probably an understatement.
Can Everyone Be Innovative?
Innovation is an integral part of many organizations today, and for good reason: it helps companies stay agile, relevant, and evolving. However, innovation is often difficult to achieve—or is even met with resistance.
Is Your Team Proficient in the 3 Cs of Innovation?
When leaders foster a culture of innovation, they enable their teams to be creative, flexible problem-solvers who thrive in the face of change. But what is a culture of innovation? And how does a leader begin to foster one? Building a culture of innovation originates with embracing The 3 Cs: critical thinking, curiosity, and customer-centric design.
Lessons from Apple on Why Aesthetic Innovation is Important
It’s pretty much impossible to argue with Apple’s success. It’s one of the most valuable companies in the world, and has maintained dominance for its reputation as an innovative company that produces top-of-the-line hardware. Because of its products and brand reputation, Apple has gained a cult following that will buy nearly every new product that emerges, year after year. So why, even with the high price tag, are so many consumers willing to shell out for every new gadget that comes along?
Why Your Business Transformations Fail
Ambitious and impractical business schemes can often lack the fundamental elements needed to make them a reality, leaving huge expense and casualties of the blame game in their wake. The business world is littered with the remnants of unrealised programs and unsuccessful plans for development, several of them so high profile as to have attracted national notoriety.
How the Innovation Principle Supplements and Balances the Precautionary Principle
The aim of the precautionary principle seems laudable: lacking scientific consensus, the burden of proof for an action or policy not being harmful to the public or to the environment lies on those taking that action. In practice, however, this principle has proven a deterrent for innovation - particularly within the EU. How can the innovation principle - that is, examining new policies or plans for a negative impact they have on innovation - help to supplement and balance out the precautionary principle?
Where to Start with Innovation? Begin by removing the Barriers
Surveys show that the large majority of senior executives see innovation as critical for their businesses but what if you want to make your organization more agile and innovative where should you start? You could launch a big initiative with grand statements, training classes and an ideas scheme but you tried all those last year and they fizzled out. It is better to begin with a brutally honest assessment of what is preventing innovation from happening today.
Five Ways Sustainable Innovation is Different from Normal Innovation
Today's innovation rules were forged in a world that paid little attention to sustainability, where profit was separate from this higher purpose. Yet the disruptive nature of sustainability must surely change the way we innovate too. We must continue to reinvent our innovation processes to ensure it is fit for a changing world, in the five ways highlighted here.
A Look Back at Three Innovations that Have Changed Our Lives
Nowadays, the words “innovation” and “creativity” get thrown around a lot in the business and academic world. But the road to making successful innovations is filled with challenges, opportunities taken or missed, and plenty strikes of luck. Often, people invent machines to face a recurrent problem. These inventions, in turn, spawn other inventions and innovation. These types of inventions have the most impact on society. Here’s looking at three inventions that have changed our lives forever.
Three Hurdles to Sustainable Innovation
Most people agree on the importance of sustainability in innovation, so why is it difficult to deliver? In this article, we’ll explore three hurdles to sustainable innovation: it’s often not considered by innovators themselves as they plan their projects; sustainability is not framed as an exciting and imaginative opportunity; and that sustainable innovation may not fit into a company’s ongoing processes.
The Engineering Behind Modern Superstructures
Human talent, drive and innovation can achieve incredible feats - and what more tangible example than modern superstructures? Let’s take a look at some of the drivers behind building bigger and better buildings worldwide, from improved materials, to cross-sector collaboration and beyond.
Are Corporate Innovation Centers The Last Hope for Companies Too Big To Fail?
Companies once deemed “too big to fail” are increasingly exposed to failure. The threat of disruption is everywhere. Startups are taking on the Goliaths in every market. Scores of malls across the United States are in collapse. Many household brand names are losing ground or even shutting completely. Regardless of industry, businesses face digital Darwinism, the evolution of technology and markets. Disruption is just a matter of when, where and why. To compete, executives must make tough decisions but more so, they must look to new horizons for new insight and direction. Whether companies thrive or cower in the face of digital Darwinism is a choice.
What Do Innovators Look Like?
Crowdsourced innovation is a tactic used more and more often by government organizations as well as enterprise corporations. This means that innovation teams need to add a new skill set to their resumé: communications.
Innovation Through Cross-Industry Learning: How is it Changing the World?
Cross industry learning, the transfer of technologies across industry boundaries, can revolutionize technology landscapes. We will illustrate the advantages of cross industry learning with a case study.