6 Ways to Innovate Your Business Model
The pandemic has given us all an opportunity to build a new business future. Market disruption equals opportunity for those willing to look and work for it. This is the time to adjust and innovate your business model to market conditions.
Why Virtual Experiences Are Here to Stay
The pandemic caused brands in all industries to embrace virtual events. But even once the pandemic eventually subsides, these digital experiences will continue to deliver value.
The Key to Success In 2021: Building a Creative and Innovative Culture
In this article by Jeff DeGraff, he presents the four types of innovative cultures and four best practices for building a culture of innovation.
A Yin-Yang Model for Global Sustainability: Moving Towards Rural-Urban Balance
This article employs a holistic, interactive East Asian framework—the ancient yin-yang circle—for presenting both defensive and proactive carbon control strategies in urban and rural areas. Given the recent wave of deadly wildfires in the American West, attention is focused here on the future significance of oceans as a massive carbon sink for fighting global climate change. Life probably arose in the sea, and the sea may end up having to save the planet.
Strategies that Promote Workplace Diversity and Make Your Business More Innovative
At IdeaScale, we’ve learned that diversity combined with equity and inclusion leads to more innovative thinking: businesses that are run by culturally diverse teams are more likely to develop new products, 45% more likely to grow market share, and more likely to have a 2X innovation revenue.
How Are Agile and Innovation Related?
Organizations everywhere are working to form agile cultures. What does it mean to be agile?
What Local Government Can Do with Crowdsourced Innovation
If you look up Westminster, Colorado, you’ll find a university that looks like a castle, a bell tower intentionally made to look like Big Ben, and pictures of smart and cozy suburban homes sitting at the feet of the Rocky Mountains.
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.
What Can We Learn from the Innovation Averages in 2020?
Every year, IdeaScale conducts an in-depth study of their customer trends in order to write an annual report, provide benchmarks to our clients (and ourselves), and better understand the marketplace. This data gathering and analysis takes up the better part of our first quarter and our report is generally published in March, but 2020 is a unique year for the crowdsourced innovation community (and indeed for everyone in the world).
How McKinsey’s Organizational Health Index Relates to Innovation
McKinsey's Organizational Health Index (OHI) is an exhaustive assessment of an organization’s effectiveness and its management’s performance based on an organization-wide survey. It’s a tool that numerous public and private sector organizations have leveraged in order to benchmark their company’s health, align around core areas of improvement, and improve overall organizational performance.
What Are the Three C’s of Organizational Change?
I hadn’t thought much about health pathology innovation until we started to work with a statewide health pathology service in Australia. They provide pathology, forensic, and analytical services for hospitals and justice systems throughout their state.
How Machine Learning is Changing Business Communication
Machine learning is not a sci-fi concept anymore. Over the past few years, it has improved business operations in multiple ways. One of the areas that benefit from ML technologies the most is business communications. So, how does machine learning impact your internal and external communications? Let’s find out!
The Pandemic Pivot: The Need for Product, Service and Business Model Innovation
The pandemic and economic depression the world faces is a dark period for all businesses, but there are also opportunities. The companies that see the opportunities, and pivot to exploit them, will succeed, while those that fail to innovate will fade away.
The Three Factors That Drive Consumer Behavior
As the adage goes, the only constant is change, and such is the case with consumer behavior. Thus, tracking trends, using business analytics to predict where the next trend may be, and acting accordingly with your marketing is a recipe for success.
Why Your Employees Are the Key to Recovery
In this article, we will look at how to identify and understand employee contributions, and learn how to work with idea generators, evaluators, and activators.
TASC: A Practitioner’s Tool for Better Results in Open Innovation
Despite its popularity as a way to promote innovations, organizations face challenges in their open innovation (OI) initiatives. As knowledge flows are vital for the success of OI initiatives, organizations should identify right partners in their open innovation implementations. This article suggests TASC as a tool that can be used by practitioners for better results.
What Can We Learn from NASA About Crowdsourcing in a Pandemic?
When COVID-19 shut down the United States in 2020, everyone wanted to be a part of the solution. At NASA, the entire NASA workforce expressed their desire to help the nation combat the virus – even though most of their employees were asked to work from home.
Interview with Erich Joachimsthaler, Author of The Interaction Field
I had the opportunity recently to interview fellow author Erich Joachimsthaler, the Founder and CEO of Vivaldi, one of the largest independent global strategy and business transformation firms, to talk with him about his new book The Interaction Field: The Revolutionary New Way to Create Shared Value for Businesses, Customers, and Society, to explore the important role that connections play in both business and innovation.
Interview with Stefan H. Thomke, Author of “Experimentation Works: The Surprising Power of Business Experiments”
I had the opportunity recently to interview fellow author Stefan H. Thomke, the William Barclay Harding Professor of Business Administration at Harvard Business School to talk with him about his new book Experimentation Works: The Surprising Power of Business Experiments, to explore the important role that experimentation plays in business and innovation.
Frugal Banking: An Opportunity to Create Customer Value in the Future?
Investments that are necessary to innovate and serve customers are no longer sustainable while COVID-19 hastens the need to exploit the potential of digital innovations. Serving customers accurately during unprecedented times requires a new mindset and business model innovations. If banks respond to customer requirements in completely new special situations, they can gain trust and integrity and become winners of the crisis.
Agile Development for Manufacturers: The Emergent Gating Model
Agile is employed within Stage-Gate for new-product development by manufacturers with positive performance results; but must be adjusted from the software version of Agile – the result: the emergent Agile-Stage-Gate hybrid model.
What is a Virtual Innovation Lab?
The Virginia Department of Transportation created their own Virtual Innovation Lab, where they collaborate to solve problems related to remote work, engineering topics, safety, and more with the help of their entire distributed workforce. Learn more in this December 15th webinar!
Introduction to Game Theory
Game theory is a theoretical framework for conceiving social situations among competing players. In some respects, game theory is the science of strategy, or at least the optimal decision-making of independent and competing actors in a strategic setting. Let's have a look at a few examples.
Innovation Programs & Entrepreneurship: Busting Myths
A lot of companies aspire to implement successful innovation programs but the programs fail surrounded by certain myths. A seasoned entrepreneur has bust those myths in the article based on his personal experience.