Ideascale2019-04-30T16:42:37-07:00February 6th, 2019|Categories: Strategies|Tags: amazon, apple, Best Practices, bottom-up innovation, education, idea management, in-depth article, innovation champion, Innovation Management, innovation metrics, innovation performance, Innovation Strategy, innovation success, innovative people, learning, persistence, resource allocation, resources, strategy, top-down innovation, value creation|
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?
Ever since the beginning of mankind, there has always been someone who pushes the human race forward, such as the cavemen who learn how to make fire or the Native American Indians who sharpened stones to create weapons. With the advancement of technology in the 21st century these innovators: Elon Musk, Steve Jobs, Sheryl Sandberg, Mark Zuckerberg and Sheila Lirio Marcelo are creating new ways to travel, interact with others and access professionals for help.
Talent Management provider DeepTalent has just released a new report showing to which companies employees of the biggest tech companies are going to.
In this in-depth article Haydn Shaughnessy discusses why traditional ROI decision making is becoming irrelevant and how options planning is a key element of competitiveness. In these uncertain times firms need to recognise and analyse their options thoroughly in order to be ready for inevitable change.
The focus of the The Innovation Formula is on the innovation process that makes sense for small businesses, where lean, simple, and fast are essential. You may also be interested in a view of the innovation process that’s suited to larger companies, so this chapter provides an overview of the Innovation Master Plan framework that we use when we’re working with larger organizations on innovation projects and initiatives.
In order to create Breakthrough Innovations, you need to abandon the corporate robot-zombie talk, says Andrew Benson. By cultivating an open and free form innovation culture organizations can avoid the idea logjams created by formal innovation processes.
This paper is a follow-up to my previous article, “The Eastern Way: How Chinese Philosophy can Power Innovation in Business Today” (June 18, 2012). The present article defines the concept of intensity in innovation, using Eastern Zen philosophy, in a way that can be useful for business while avoiding too much focus on personality traits. Zen intensity in innovation stresses intuition, sensory and physical experience/re-experience, artistry, the integration of conflicting ideas, and the avoidance of premature choices. Examples are cited from the career of the late Zen enthusiast, Steve Jobs. Regarding the use of time, the Zen approach to intensity implies a full and sustained engagement of all creative processes, not simply a rapid time to project completion.
This question has baffled many executives for quite some time. Management tries to replicate the special event or circumstances that created a successful innovation project but often fails. Companies have created positions such as Chief Innovation officer, innovation teams, and organizational strategies that promote innovation through diversity, team dynamics, and social networking. However, failure rates of 90% are common when innovations occur due purely to chance. What distinguishes whether an innovation is hit or miss?
Seldom has a single technological innovation affected so many markets at once - the music industry, hardware vendors, the labor market, artists and consumers themselves. This is the story of how the iPod was made. In a quest to make music more portable, designers and engineers at Apple got together to create the iPod. Steve Jobs, in his quintessential style, maneuvered through established, entrenched industry interests to finally price music in a way that addressed all stakeholders. An idea, however brilliant and singular, reaches perfection when many heads work together. The iPod story is as much a lesson in team collaboration as it is in decisive leadership.
Apple has passed arch-rival Microsoft to become one of the most highly valued companies in the world, but retaining its position among the most valued of all companies will require considerable skill as well as perhaps a good dose of good luck, because maintaining a phenomenal growth rate when your sales total $19 billion is a lot easier to do than your sales have grown to $65 billion. So what are Apple’s best strategic options? That’s what I’ll like to explore in this article.
In the face of increasing shifts in the world economy, and particularly increased competition across markets and company offerings, it would appear that one of the latest trends in instinctive strategic advice for companies is to become “more innovative!” Yet being more innovative is not necessarily easy. Learn more in this article by IMD professor Bill Fischer.
“There are no quick fixes and no easy answers for succeeding at innovation” says Dr Robert Cooper, senior consultant to Fortune 500 firms and top scholar in the field of innovation management (PDMA) in an interview with InnovationManagement. “It’s back to basics – an aggressive innovation strategy that focuses your businesses’ R&D efforts; effective portfolio manage to pick tomorrow’s growth engines; a climate and culture that fosters innovation in your business; and a robust idea-to-launch system.”