How to Create a Competitive Advantage Through Innovation
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.
What is the Process for an Employee Innovation Challenge?
A growing trend over the past several years has been to host internal innovation challenges. Companies do this because they find it’s an excellent way to find solutions to long-standing problems, positively create culture (particularly in a remote workplace), and also to nurture the budding intrapreneurs who want to find career growth and new opportunities.
3 Ways Real-Time Financial Data Drives Business Intelligence
Finance is no stranger to using data in predictive analysis, forecasting, and more, but what can real-time data bring to the table?
An Innovation Competition is a Great Way to Influence Culture
In a 2017 Harvard Business Review article, Anna Steinhage, Dan Cable, and Duncan Wardley talk about the impact competition can have in a workplace. They described how hosting an internal challenge can generate creative results and inspire collaboration or it can create unethical behaviors and cutthroat rivalry.
7 Steps to Reconcile Co-Innovation and Confidentiality: How Secret Should Your Co-Innovation Transformation Be?
In an increasingly competitive, connected and globalized world, co-innovation and value co-creation have recently become the norm for all R&D projects from startups to large organizations. In fact, co-innovation is critical to the development and sustainability of organizations of all sizes and and all industries.
10 Tips for Dealing with Employee Recruitment and Retention
In September, McKinsey released a report describing the “Great Attrition,” a recent wave of cross-sector resignations we have witnessed throughout the world, primarily based on the exhaustion of employees due to the pandemic.
4 Ecosystem Strategies for Digitalization: Insights from the Swedish Mining Industry
Orchestrator, dominator, complementor, and protector: these are four ecosystem strategies toward digitalization. In this case study, we look at an equipment supplier wanting to participate in digitalization initiatives of its industrial customers, so it must configure an ecosystem strategy to align with multiple partners.
What to Tell Your Boss When You Make the Case for Innovation Management
The term “innovation management" has been around for a long time (at least since the 1980s – if not before), but for many business leaders establishing a sustainable innovation management program is still a new concept. Executives aren’t sure what skills they need, who should be on their team, what activities are essential to success, and who they need to partner with.
Whitepaper: Stimulating and Measuring Open and Cross Innovation
As two intermediaries from Hamburg that foster open and cross innovation processes, Science Scout (an initiative of Hamburg Innovation) and Cross Innovation Hub (Hamburg Kreativ Gesellschaft) joined forces to start a discussion around the stimulation and measurement of open and cross innovation processes.
Building an Imagination Machine: Exclusive Interview with Martin Reeves and Jack Fuller
Imagination is one of the least understood but most crucial ingredients of success. It’s what makes the difference between an incremental change and the kinds of pivots and paradigm shifts that are essential to transformation — especially during a crisis.
DNA of an Innovative Business: Is It Yours?
With the acceleration of modern economic, societal and environmental changes, new opportunities are created everywhere, and often where we least expect them.
Breaking the Innovation Stereotypes: The Case of Curry Express
We often hear about the concept of innovation and its importance in enhancing the competitiveness of an organization---however, the excessive use of this term has distorted its true meaning and content.
The Secrets to Making Open Innovation Projects Work
Open innovation often requires global teams with national culture differences to work together, which presents some challenges. Here’s how to navigate them.
The Art Of Innovation | 10 Things To Learn From Guy Kawasaki
The agenda of our first management meeting in 2021 was ‘How can we innovate to thrive this year?’ We were clear that if we continue to do the same thing we did last year, there is no way we can bring any change in our growth.
Is There Value in an Innovation Program for Your Company?
In my last article I wrote about the influences and themes that I see changing how large, mature and (often) incumbent organisations drive innovative growth and impact. In short, the innovation development professionals are (ironically) being disrupted.
Strategic Agility: The Leadership Survival Skill of the Year
Chaos might have defined the year that was 2020, but that turmoil helped business leaders learn a new skill that will serve them well in the years to come.
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.
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.
The Top Practices That Separate Great Leaders From The Rest
How do great leaders separate themselves from the rest? This article will examine how several excellent leaders, including Rich Teerlink and Steve Jobs, were able to inspire their teams, develop incredible products, and transform their companies.
Digital Transformation and Its Impact on New-Product Management for Manufacturers
For the manufacturer undertaking new-product development, Digital Transformation means smart new products with embedded software. Digital products in turn require software and hardware development teams to work together – a hybrid project – which ultimately leads to combining software development methods with the more traditional gating process that manufacturers use.
Landscape Monitor for Startups
Entrepreneurs deal with high levels of uncertainty; probably more than any other business. The more disruptive the startup, the higher the level of uncertainty. Will the customers buy? How do we reach them? Will we be able to sell at a profit? Will our partners do their part? Who is out there that we can learn from? Are there threats that we are unaware of?
Innovation Differentiators: Information and Implementation
What separates the great innovators from the industry laggards? What empowers long-standing hierarchical organizations like LEGO to make big, creative bets that pay off (like the LEGO Movie) while other once-great brands like Tower Records, Pan Am, or Pets.com have all gone away?
Directorates Pay a High Price for Ignorance
Of the many risks that directors should be aware of, innovation is the most complex. A corporation that invests in innovation risks failure. A corporation that doesn't invest in innovation risks annihilation due to the many threats from small startups and mega-corporations alike, in a variety of areas.
How to See Change Before Everyone Else
Market and social forces are challenging long held beliefs about management. For more than a century, the focus of management has been execution. We have become excellent at being increasingly efficient.
How to Figure Out What Business Intelligence Tools Your Small Business Needs
Today, nearly every action taken by a consumer generates data, and the price point of data analytics technology is now within the budget range of most small-to-mid-sized firms.
Innovations in ROI for Customers: the Environmental Edition
Value propositions are a key element to success. In the modern business climate, the environmental value proposition, in particular, is uniquely effective.
Five Perspectives of Innovation Management Maturity
The success of innovation management is never an accident; it’s a holistic management process with an iterative thought-out planning and execution continuum.
Tips for Established Businesses to Survive the Startup Surge
So much has already been said about what smaller, fresh companies need to do in order to gain a competitive edge in a well-developed market, but how often do you think about what those well-established businesses should do to achieve the same?