One of the reasons why so many crowdsourced innovation programs struggle is because it is difficult for innovators to gather, process, select and implement ideas on a continuous basis.
The right innovation metrics and indicators are often difficult to find and apply. Not many CEOs would be able to show innovation dashboards with 3-5 simple KPIs.
No matter the decade in which you grew up, the future promised one thing: flying cars. And yet generation after generation has been disappointed as our technological progress that has given us everything from angry birds to nanotechnology, but… still no Bladerunner vehicles.
In the aftermath of the EU’s General Data Protection Regulation (GDPR), businesses aren’t crying out for data superheroes; but for a complete, well-drilled data army. According to Gartner's Research Vice President, Mario Faria, 90% of businesses will employ a Chief Data Officer (CDO) by the end of this year. However, in a world increasingly governed by data, it is no longer the sole responsibility of a c-suite to ensure compliance – every individual is equally accountable for protecting consumers’ privacy.
I’ve recently been advising a range of leaders in how to start successful innovation programs. A couple are relaunches of efforts that were abandoned in the past, and others are starting from scratch in organizations (and sectors) that are more comfortable with the status quo.
The world is seemingly getting smaller. With the rise of social media in the last decade, everyone has constant access to what's happening all over the world. Countless stories circulate on the internet every day highlighting entrepreneurs---young and old---who are at the cusp of innovation with their new products and ideas. Some stories go viral, catching the eye of millions of people who are in awe at the individuals' innovative solutions to solve problems.
In 2008, Dave Carroll, a Canadian guitarist and songwriter, flew with United Airlines from Halifax, Nova Scotia to Omaha, Nebraska with a stop at Chicago’s O’Hare airport. During the layover at O’Hare a fellow passenger saw the baggage handlers throwing baggage including Carroll’s precious guitar.
Our customers are launching new campaigns every day. They’re solving problems related to process inefficiency, performance, sustainability, workplace environments, and beyond.
In a competitive work environment, it’s up to you to move your career forward. You have to be proactive and continually refine your skill sets to advance and thrive. The corporate climb is always evolving, and staying on top of the latest trends in the business world is key to ensuring that you enjoy many years of success and growth.
There are numerous new innovation job titles: Chief Innovation Officer (a job title that has increased in occurrence by 500% according to ZipRecruiter’s job title analysis), Innovation Manager, Innovation Coach… the list goes on. But one title that we’ve run into from time to time is the “Innovation Catalyst.” But what does an Innovation Catalyst do that’s different from other roles?
Walking is good for your health. However, working for long hours and having a tight schedule can leave you with little to no time to enjoy the benefits of going for a walk.
Breakthrough innovation is not something everyone can accomplish. You have to systematically develop the capability to execute it successfully, and that is something you do not achieve overnight.
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.
Regulation has a critical role to play to protect customers and businesses operating in industries that are sensitive to various threats. In complex industries such as the financial industry, regulation is often perceived as a barrier and a burden.
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?