invention

5 Tips to Drive Innovation in Your Small Business

It’s a fast-paced business world out there where innovation is the name of the game and a powerful tactic that ensures long-term success. After all, if your company is not innovating and reinventing its processes across the board, then you’re falling behind.

A More Innovative Europe? Think Different About Innovation!

In Brussels, the Research & Innovation Program Horizon Europe (FP9) is the talk of ‘EU town’. Horizon Europe is hoped to be the great leap forward of Europe to close the innovation gap to the US and stay ahead of the emerging innovation giant China in the coming years.

Six Key Innovations Changing the World’s Future

Innovation has taken the world today by storm, leading to the development of new solutions to problems that humans have inherently faced. Since virtually every sector of life on Earth meets with some form of challenge, these innovations have touched on every aspect, including medicine, science, engineering and social life.

2018-05-27T15:45:33-07:00April 3rd, 2018|Categories: Strategies|Tags: , , , , |

A Look Back at Three Innovations that Have Changed Our Lives

Nowadays, the words “innovation” and “creativity” get thrown around a lot in the business and academic world. But the road to making successful innovations is filled with challenges, opportunities taken or missed, and plenty strikes of luck. Often, people invent machines to face a recurrent problem. These inventions, in turn, spawn other inventions and innovation. These types of inventions have the most impact on society. Here’s looking at three inventions that have changed our lives forever.

10 Ways to Reduce the Innovation Failure Rate

You are not able to stand still in this fast paced business environment, but most of the time innovation fails. Innovation process-expert Robert Cooper shows that of every seven new product/service projects, about four enter development, 1.5 are launched, and only one succeeds. Innovation is so difficult to master, indeed. I love to share with you five reasons why innovation goes wrong and give you ten ways to reduce your failure rate of innovation.

Game-changing Innovations are Right in Front of You, So Why Don’t You See Them?

Your greatest innovation opportunity may be right in front of you. The problem is you don’t see it. Every day for the last decade of your life this problem has annoyed and frustrated you. Its solution is worth billions of dollars and would open up a totally new market. The problem is, like the millions of other people who have this problem, you don’t think of it as a problem anymore. You’ve been desensitized. You’ve lost your ability to innovate because of something called habituation.

Innovation and Culture – Two Halves of the Same Coin

There would be few organisations that did not cite innovation as a desirable quality in their workforce, whether as part of the whole organisational culture, or critical in one area. Over the past five years, with businesses being buffeted by economic storms, finding sources of innovation can be the difference between success and failure.

Innovation Method – Copy and Paste

One of the most common operations performed on a computer is copy and paste. We copy a section of a webpage and paste it into a document. We take it for granted. We grab an idea from one place and put it to use in another. So why not use this method for your next product or service innovation?

Why is Innovation so Often “Hit or Miss?”

This question has baffled many executives for quite some time. Management tries to replicate the special event or circumstances that created a successful innovation project but often fails. Companies have created positions such as Chief Innovation officer, innovation teams, and organizational strategies that promote innovation through diversity, team dynamics, and social networking. However, failure rates of 90% are common when innovations occur due purely to chance. What distinguishes whether an innovation is hit or miss?