Innovation is one of the hottest topics in business these days. More and more, companies are coming out with new products and services designed to amaze their customers and get them to dig deeper into their pocketbooks. Only problem is, most of what passes for innovation these days doesn’t stand out as very new, different or compelling. As a result, most innovation efforts are lucky to pay for themselves, much less actually turn a profit.
The biggest hurdle to innovation is probably allowing hurdles to become insurmountable. The thing to remember, however, is that hurdles are for jumping over. The best method of jumping over innovation hurdles is through creativity and innovation.
According to the Gartner Hype Cycle model, media coverage of a new technology goes through five distinct phases. Graham Horton has discovered that the way media treats innovation follows a similar pattern.
Over the past few years, innovation in India as a corporate theme has constantly gained importance, becoming a prerequisite for long-term success, or maybe even survival, due to the discontinuous pace of change of the environment. Thus, innovation has now reached for some companies as a corporate priority, affecting every single aspect of an organisation.
Innovation management as a topic is wider than any single website can hope to cover completely. Marcus Linder, an innovation researcher at Chalmers, offers a regular column at innovationmanagement.se covering the most inspiring and actionable contents from other online sources, such as blogs and magazines. The first favorite link? Why executives should spend more time and less cash on innovative projects.
According to disruptive innovation theory, companies have the best chance of creating new growth through the introduction of disruptive innovations in the market. But what is it and how can firms be disruptive? And why do they fail to be disruptive? Learn more about disruptive innovation in this article by Gunjan Bhardwaj, head of Ernst & Young´s Global Business Performance Think-tank.
Can we create innovations for the greater good? Where else could innovation have greater impact than in the charity sector of society?
What lessons can you learn about handling disruptive innovation? Author Jeffrey Baumgartner uses several examples from the photography market to highlight successful strategies for dealing with this increasingly common phenomenon.
Every business operates in an environment of written and unwritten rules. Many of these boundaries and restrictions are self-imposed and accepted without questioning. Here are some examples from Paul Sloane of contrarians who broke "the rules" and uncovered breakthrough innovations.
A combination of detail and framework innovation is a potent recipe for business success, according to Jeffrey Baumgartner. What are framework and detail innovation? Read on to find out.
Disruptive innovation is not a mystery. Where it will occur is actually predictable, using the principles of TRIZ, according to Jack Hipple.
How can you encourage your employees to think of drastic innovations? Paul Sloane shares one simple technique that enables small teams to envision entirely new business models.
