In the 21st century economy, having strong innovation skills is critical. This year, instead of the proverbial New Year’s resolution to lose weight or get a new job, why not commit to building your innovation ability? This article discusses the urgency for building your innovation skills, and outlines some simple and effective ways for doing it.
Every year hundreds of millions of pounds are spent on consumer and market research. All those involved in NPD will know how a myriad of research projects is deemed fundamental. Yet, managers across the globe may be wasting a good portion of their research budget. Learn more on how to leverage research results and create new opportunities in this article by Bryan Urbick, Chairman of Consumer Knowledge Centre.
As innovation is a necessity for any organization today, the ability to assess and measure the progress and impact of your innovation efforts might be a true source of competitive advantage. This in-depth article offers fresh experiences, best practice and insights from how a number of multinational companies within the MedTech, telecom and manufacturing industries are working with establishing and implementing innovation measurement programs.
Today's University is a rich resource for companies seeking game-changing technological breakthroughs. In this in-depth article Melba Kurman looks at the benefits of open innovation partnerships between companies and American university researchers.
Are you effectively using the creative potential of your employees, customers and partners to address your innovation challenges? Collaborative idea management is a method to learn from the “wisdom of the crowd” in order to drive innovation. This in-depth article gives you an introduction including best practice from how Ericsson, the global telecom company worked with introducing and designing a successful collaborative idea management system.
Innovation is actually easy – when the corporate culture is supporting it. Unfortunately today many companies show ”excellent” practise killing the innovative spirit. In this new in-depth article Dirk Loop explores the opportunities every employee – not just executives and innovation managers – has to enhance a culture of innovation. He gives a brief overview on common weaknesses within corporate process frameworks and shows hands-on solutions.
For many companies being and continuing to be innovative is essential. But how can companies become ‘more’ innovative? Carmen Kobe & Ina Goller asked experts, consultants, and managers how they experienced successful improvement of innovativeness in their business life. Out of the interviews four interventions that are used to develop companies’ innovation capabilities could be extracted.
Transforming your firm in R&D innovation approach from a closed to an open one promises huge benefits. Increased agility and effectiveness, lowered risk and revenue growth through new products are some of them. In this In-Depth Article Frank Mattes shows how a firm can find the best approach to R&D-driven Open Innovation (Outside-in) based on the insights from a number of projects in this space.
Innovation doesn’t have to be a mystery. It can be organized and managed by people who are not, themselves, innovators. But management’s usual command and control tools are not sufficient for this task. Innovation emerges from a system whose behavior is non-linear. For this reason, management tools must be flexible and adaptive.
Radical innovation presents both a threat and an opportunity to firms. It has frequently turned entire industries on their heads. History shows us that large, successful firms may very suddenly become vulnerable when the underlying technology shifts. In this in-depth article Christian Sandström examines how radical innovation can be managed, despite the seemingly insurmountable problems created by the transition from one technology to another.
Crowdsourcing is popular but it causes problems – too many ideas, not enough solutions being one of them. How do you do crowdsourcing properly? Klaus-Peter Speidel talks you through your options
Many companies harbour narratives around overlooked opportunities that can come back to haunt them when it comes to attracting and retaining top talent. What can we do to develop the right culture? Kathy Mast explores.
This in-depth article provides you with fresh experiences and insights from how SCA, a consumer goods multinational company, has developed and worked with a new model for managing both incremental and radical innovation projects.
To sell ourselves and our big ideas, we need elevator pitches that stand out, are unique and stimulate a response. Clearly, some creativity is what is needed to design such a pitch. Jeffrey Baumgartner explains how to develop one.
Visualization - the powerful technique used by the world's best athletes to condition their subconscious minds for peak performance - is also a potent problem-solving tool. Here's a simple four-step visualization technique that can help you solve nearly any problem you may face.