Innovation Lifecycle2020-03-20T15:55:34-07:00
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Landscape Monitor for Startups

February 10th, 2020|

Entrepreneurs deal with high levels of uncertainty; probably more than any other business. The more disruptive the startup, the higher the level of uncertainty. Will the customers buy? How do we reach them? Will we be able to sell at a profit? Will our partners do their part? Who is out there that we can learn from? Are there threats that we are unaware of?

Strategies for Innovative Resource & Liability Management

September 4th, 2019|

Organizations maintain and manage many different kinds of resources. Managing them can get complicated, considering all of their components and the potential risks that they bring. Not only do they have to be allocated properly, but there need to be safety nets set in place for potential mistakes and legal consequences.

Do You Know Your Company’s Implementation Rate?

August 26th, 2019|

With the rise of the innovation department, numerous organizations are focusing their attention on their company’s ideation rate. A good ideation rate generally predicts other positive company health indicators: profitability, higher employee retention rates, reported customer success, but there’s another innovation health indicator that we think organizations should pay attention to: their implementation rate.

The Great Wide Open

September 26th, 2013|

“Open innovation” is a technique that is gaining greater consideration these days. For many companies, this practice has the potential to help them quickly and efficiently harness the new ideas they need in a volatile and uncertain business environment. It also may accelerate and de-risk progress from idea to launch. To realize the power of open innovation, businesses first should come to terms with how “open” they are willing to be.

How to Find Customer Frictions

August 21st, 2013|

An innovation is a simple new solution for a relevant problem. That’s why at the start of innovation you should look out for relevant problems instead of ideas. But how do you find them?

Why Product Lifecycle Management Should Be On Every Executive’s Agenda!

July 5th, 2013|

Product lifecycle management (PLM) initiatives often miss their true potential and make projects unnecessarily costly. Not understanding how to optimize these investments can have long-term effects on both the top and bottom line, while companies that realize how to use PLM as a competitive weapon can capture significant market advantages. In this article we give you insights into how to take an approach that addresses the true potential of a PLM investment.

Silence the Voice of the Customer

June 25th, 2013|

Innovation is successful when it targets customers’ needs, but how sure can we be that this is something we can predict effectively? In this article Tony Ulwick argues that the traditional voice of the customer methodology is the wrong tool to determine customer needs. Tony presents an alternative methodology that makes it possible to determine all the needs of a given customer group.

7 Tips for Outcome-Driven Innovation

June 24th, 2013|

While many people believe that process and structure stifle creativity - the center of gravity for sourcing and inspiring innovation – this couldn’t be further from the truth. In fact, planning ahead streamlines the process and surfaces any potential bottlenecks ahead of time, resulting in a program that is more apt to produce meaningful outcomes and return on investment for organizations.

Making the Right Idea Investment Choices- Idea Evaluation at Scale

June 17th, 2013|

Previous articles in this series focusing on collaborative enterprise innovation have covered topics such as the benefits of software platforms in enterprise innovation, internal communications, increasing engagement and driving collaboration. In this article we share insights on evaluating large numbers of ideas generated as part of enterprise programs.

Improving Time to Innovation: Process is Not the Enemy

May 20th, 2013|

While most companies see innovation as a competitive advantage, the ability to take an idea from concept to delivery is truly what sets one company apart from another. Achieving this level of operational efficiency is not a simple feat and without processes around resource management and capacity planning, it is unlikely to succeed. The fact is, no matter how brilliant or timely an idea, if the right resources are not available to work on it, the idea simply remains an idea.

What High Growth Companies Share in Common

March 22nd, 2013|

Over the past six years The World Database of Innovation initiative has uncovered the world’s first statistics behind the practices that allow large organizations to grow and to innovate. In collaboration with innovation leaders and other experts Uri Neren and his team found 27 management structures, processes, and cultural practices are shared by the world’s fastest growing companies that make what could be called an “Innovation Management Equation.”

In Loving Memory of Traditional Strategy

February 22nd, 2013|

Traditional Strategy, the dominant model of doing business for nearly half a century, is fast becoming a thing of the past, pushed aside by the fast-moving forces of social business - which include innovation, collaboration and co-creation.

Reducing Confusion, Promoting Diffusion

January 31st, 2013|

In this series of three articles Paul Hobcraft explores the value of knowledge and education for innovation. Concluding the discussion, in part three the author reviews faulty innovation practice and argues in favor of recognizing innovation as a value enhancing and organizational life-changing event we need to move towards increasingly.

The Real Value of Knowledge Exchange

January 17th, 2013|

In this series of three articles Paul Hobcraft explores the value of knowledge and education for innovation. Continuing the discussion, in part two the author investigates the various aspects of modern knowledge exchanges including their psychology, mechanisms and complexities that govern them.

The Role of Education and Learning for Innovation

December 27th, 2012|

In this series of three articles Paul Hobcraft explores the value of knowledge and education for innovation. In part one he opens the discussion by exploring some of the biggest challenges faced by organizations today and provides encouragement to explore emerging practices.

Get a Taxi – Anatomy of a Process Innovation

December 13th, 2012|

With over 400 million Google hits, “innovation” may be considered a buzzword, some entrepreneurs may even avoid talking about it, but they’re certainly practicing it! This article takes a closer look at an example of process innovation in the service industry. Understanding it better offers the possibility of spotting a large range of opportunities and converting them into business successes.

Faster than Real Time Innovation?

August 16th, 2012|

Companies are better today at predicting consumer behavior than at any moment in time. How do they do it? Big data. In this article Saman Musacchio takes a look at the latest research and development trends and what they mean for the future of innovation.

Five Dimensions to Conceptualize Your Idea to Make it a Successful Innovation

January 23rd, 2012|

When conceptualizing a new idea, it is essential to direct the thinking to specific dimensions and search answers to certain questions to help evolve the idea from the initial thought through the various stages of innovation. This article suggests a framework for conceptualizing an idea and helps develop an understanding of the dimensions and questions that you need to consider.

Stop the Reckless Brainstorming and Focus your Creativity!

October 11th, 2011|

In their desperation to be innovative, companies often brainstorm themselves into idea overload, generating ideas that ultimately are failures. But what if companies could focus those brainstorming efforts and develop an efficient, targeted process for creativity? InnovationManagement asked Tony Ulwick to share his thoughts on how to leverage the creativity and get a better outcome.

Building Your Innovation Toolbox for Successful Co-Creation

July 11th, 2011|

Innovation management has become one of the most critical factors contributing to sustained business growth. Co-creation is an extremely powerful driver of innovation provided that you manage the process and harness social technology. In this article Catherine Constantinides takes a closer look at the different tools you need to consider to be successful.

How to Create Compelling Brand Experiences

June 27th, 2011|

Crafting design strategies that result in truly compelling brand experiences, products and services demands a change from traditional methods. It requires a more creative and iterative design approach, which is optimized towards identifying real human needs and addressing them with meaningful experiences. Paul Noble-Campbell delves deeper into five critical keys to uncovering those true success drivers.

Understanding and Exploiting Innovation Ecosystems

June 23rd, 2011|

Do we have too static and rigid a view of innovation? It should be all about dynamic connections, imagination, experience and the interconnection of people and machines. In short it should be about identifying, understanding and exploiting innovation ecosystems, says Eunika Mercier-Laurent, author of The Innovation Ecosystem.

Immersive Virtual Worlds as Innovation Platforms

May 26th, 2011|

Can you improve the innovation process as well as reducing the cost of engaging with users, developing new ideas and prototyping and testing solutions by making use of virtual environments? Jeffrey Philips and Jena Ball point the way.

Five Mistakes Companies Make when Measuring Innovation

November 15th, 2007|

The discussion about whether or not to do innovation is over. There have been numerous studies that demonstrate that innovation is central to higher margins, higher customer loyalty and long term viability. What leaders now struggle with is how do I do it and how do I measure it?

Paul Sloane Talks about Strategies for Creating Effective Innovation Processes

December 13th, 2006|

Paul Sloane is renowned as a thought-provoking, entertaining and motivational speaker. His books have established Paul's reputation as the leading expert on lateral thinking and lateral leadership and he has published numerous articles on InnovationTools.com. With his consultancy, Destination Innovation, Paul helps organizations to develop a vision, culture and process for innovation. In this thought leader interview, he shares his thoughts on how to establish effective processes for innovation.

The Great Innovation Lie

December 7th, 2005|

Often, organizations have a tendency to turn innovation into a highly complex system involving numerous processes, approaches and models. Here's a little secret: It doesn't need to be complex to be effective.