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.
Innovators present creatively disruptive traits, disrupt old ways, and inspire better ways to do things. They are passionate to connect, to learn, and to explore by understanding commonalities and appreciating uniqueness. Being innovative is a growth mindset and a proactive attitude. You cannot wait for something to happen---keep curious, always think profoundly, learn fresh knowledge, and acquire new capabilities.
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.
Organizations everywhere are working to form agile cultures. What does it mean to be agile?
If you’re thinking about launching a crowdsourcing campaign to respond to some of these challenges brought about by COVID-19, now is a good time. We are all learning so much right now and so quickly. And everyone wants to help, so let them.
One of the things that was surprising to us at IdeaScale was that many of our customers came to us looking for idea management software not because they didn’t have enough good ideas, but because they simply needed a place for those ideas to live. How could that be the main reason?
In a field centered around fresh, outside-the-box thinking, it is no wonder that there is such a broad range of definitions for the term innovation. Creating a clear-cut definition for the term is critical in shaping the culture of innovation at your organization and will help you determine which resources to allocate to your program.
With over 400 million Google hits, “innovation” may be considered a buzzword, some entrepreneurs may even avoid talking about it, but they’re certainly practicing it! This article takes a closer look at an example of process innovation in the service industry. Understanding it better offers the possibility of spotting a large range of opportunities and converting them into business successes.
Just as television shows age, so do businesses. It is important that managers of these businesses not fall into the same trap as many television executives, better known as "jumping the shark."
In today’s societies where science and technology are becoming more and more important, risk is seen as inevitable. At the same time risk has negative connotations and creates anxieties. It must be managed in order to achieve desired goals and for companies to survive. But how can you do that? Read more in this article that gives you some clues to innovation risk management to achieve sustainable innovation.
Improvement is not the same thing as innovation. Unfortunately, the media and even many business leaders tend to use the terms almost interchangeably. Patrick Lefler explains the significant differences between the two concepts.
During this week, the Gang of Seven will be exploring the topic of kaizen – continuous improvement – and how it can be applied to project settings, where teams of people may only be working together for the duration of a project. Today's topic is "the case for kaizen on projects." As a first step, I’d like to clarify what the similarities and differences are between kaizen and innovation.
