Creating an innovation strategy means improving what you currently offer and finding ways to differentiate from your competition in the future. This is easy in principle, but applying this practice to your business can be very difficult.
In this article, we look at five tips to launch your next innovation, using a proven framework for successful launch and scale.
Traditional innovation can only take your business so far, and without an evolution of processes, you might find it harder than ever to move new ideas forward. Introducing structures and systems to formulate, organize, and act upon new ideas is one of the best ways to optimize internal innovation. This practice is better known as idea management, and in this article we will define and discuss idea management in full.
The author draws upon the theory of “emptiness” and other principles of Zen Buddhism to evaluate the desirability of remote vs. person-to-person interaction during the course of innovation, especially new idea development. This evaluation is pursued within the context of three related idea process parameters: interdependence, intuition and intensity. An in-person work environment is recommended for the intense phases of new idea processing.
Creative thinking and innovation don’t come naturally to everyone, but that doesn’t mean they aren’t good at them. Sometimes, teams need practice and routine to improve their creativity skills. This article will highlight some popular innovation exercises you can conduct with your team to get your creative juices flowing. These will be a combination of workplace exercises and ice-breakers. Let’s get started.
To run a successful business, you must be able to complete individual and shared tasks regularly and reliably. One of the most significant components to achieving this is making sure you create actionable results in your meetings, conversations, and workflow.
Too often, leaders label projects as successes or failures based on budget and schedule expectations. Although time and cost are critical factors, they ignore whether the project delivered the expected benefits.
The use of blockchains will become mainstream in a few [...]
In the modern world of business, innovation is both an equalizer and a differentiator. It can give tiny startups an edge over global conglomerates and enable industry leaders to develop competitive advantages.
Climate efficiency is key for the future of everyone on this planet. With an issue of such magnitude, you may feel that individual actions cannot make a large impact. While your business by itself cannot solve global warming, the actions you take can inspire others and can have a much bigger impact than you may realize.
Do your employees feel confident at work right now? Or are you worried that the Great Resignation may impact your company? Take these steps to make sure that your focus on innovation is the reason employees stay, and not the reason they leave.
COVID reshaped every department—including your innovation department. Find out how some organizations adapted to the remote work age by creating the virtual innovation lab, and how you can create your own by downloading this complimentary infographic.
When innovating with your team, there are a few rules that are important regardless of the ideation session you’re conducting. In this article, we’ll outline the four golden rules of brainstorming and talk about how following them can improve your team’s innovative capabilities.
Open innovation can be organized into a more inclusive granting mechanism. In the past, nonprofits and other organizations would fund social enterprises by asking for a written proposal—but combining mentorship and crowdsourcing creates new opportunities and community solutions. Find out how it worked for Pact and the US Department of State in this case study.
Nearly 40% of IdeaScale’s customer base is run from a dedicated innovation department helmed by a Chief Innovation Officer, an innovation leader, an innovation manager or someone else. However, there is another emerging owner for innovation at a large organization. At IdeaScale, we often find that CIOs and their organization are driving innovation strategy for a company.