business value Archives - InnovationManagement

3 Advantages to Collaborating on Innovation as a Global Community

The list of problems that need to be solved is growing almost as fast as our solutions are. Some are concerned about the lack of food and water security, others worry about access to education and a whopping 45.2% of millennials think today’s most pressing problem is the destruction of natural resources. But with the proliferation of problems, organizations and enterprises are broadening their search for innovative solutions and many of them are looking to the crowd for ideas.

Rob Hoehn2021-12-14T06:25:52-08:00January 16th, 2017|Categories: Enabling Factors, News|Tags: business value, Collaboration, collaborative innovation, Crowdsourcing, design, DREAMS Challenge, global market, globalization, HIV / AIDS, HR, IdeaScale, millennial, nonprofit, Open Innovation, Problem Solving, R&D, rapid design processes, rapid innovation cycle, social innovation, talent management, team building|

Creating the Optimal R&D Organization

Driven by the need to respond to global hyper-competition and the increasing clock speed of technological change, companies are relying heavily on their R&D functions to accelerate innovation while maintaining tight budgets. However, organizational structures for R&D in large international companies are often sub-optimal and act as a major barrier to performance improvement. In order to successfully optimize R&D’s contribution to business value, companies need to address the three key dimensions of structure, governance and process. From our extensive work with the R&D functions of leading global companies, we have identified eight imperatives to ensure a successful transformation across these dimensions.

Ideascale2021-12-20T16:10:31-08:00November 25th, 2014|Categories: Organization & Culture|Tags: business value, Competition, enterprise innovation, global market, innovation governance, innovation program processes, internationalization, leadership, Organization, R&D|

The Role of Top-Down Management in Enterprise Innovation

Running a successful enterprise innovation management program can be a challenging mission. Multiple factors have to be considered,each of which affect potential outcomes. One key aspect is the level of support an innovation program receives from an organization’s management. Connecting the needs of top-down management with the strategy and architecture of an innovation program will always lead to greater levels of success.

Ideascale2020-09-14T08:49:32-07:00February 10th, 2014|Categories: Open Innovation, Strategies|Tags: Best Practices, business value, engagement, Failure, Innovation Management, Innovation Strategy, management, sponsorship, strategic sponsorship, sustainability, tactical sponsorship, top down management|

Using Communications to Drive Innovation – How to Develop an Engaging and Sustainable Program

Enterprise innovation has one main goal – developing business value. There are many different elements that support that goal, but one of the most crucial is communications. As mentioned in the previous article in this series, software has a key role to play, but it doesn’t guarantee employee participation or value to the business, we need to think more widely to address these needs.

Ideascale2019-10-15T15:13:39-07:00March 29th, 2013|Categories: Leadership, Organization & Culture|Tags: business value, Communication, innovation value, marketing, program development, sustainable growth|

A Strategically-Focused Innovation Process

Many people assume that creating new ideas is the beginning of the innovation process, but actually that’s not true, according to Langdon Morris. He explains that ideation occurs in the middle of a disciplined, strategically-focused innovation process. In this article, he outlines an 8-step innovation process that promises better results than the traditional 'spray and pray' approach to developing and managing ideas.

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

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.

Ideascale2021-12-20T16:11:51-08:00January 23rd, 2012|Categories: Life Cycle Processes|Tags: business alignment, Business Model Innovation, business strategy innovation, business value, collective learning, competitive advantage, conceptialization, conceptualization, core competencies, customer needs, framework, front end of innovation, idea execution, Innovation Strategy, new ideas, new technologies|

Building a Company

Rowan Gibson explains how intellectual capital has become an outdated way to measure an organization's worth. What's needed are new measures used to create value today, such as imagination capital, entrepreneurial capital and relationship capital.

Sarah Vandenberg2021-11-29T15:58:53-08:00July 14th, 2009|Categories: Support for SMEs|Tags: business value, enterprise innovation, entrepreneur, entrepreneurial capital, financial strategy, imagination capital, network, Problem Solving, relationship capital, SME, startup, value, value creation, value model, value proposition|