Problem-solving is an essential skill as an innovator. If problems stump your employees, how can your organization ever innovate for customers? Luckily, problem-solving skills can be learned, and as a leader you can create a team of master problem solvers and innovators.
Innovation isn’t a one-time project. It’s a continuous activity. Which is why we are seeing numerous organizations adding an innovation department to their company infrastructure. In fact, in a recent survey of our client base, we were surprised to learn that almost 40% of our customers operate out of a dedicated innovation group.
The Fourth Product Portfolio Management Benchmark Study identified challenges organizations face in speeding innovation to bring products to market. The biggest disconnect appears between middle management and executives as to where the organization is with their innovation maturity. Bridging this gap may be the most important thing you do to improve ROI.
An innovation is a simple new solution for a relevant problem. That’s why at the start of innovation you should look out for relevant problems instead of ideas. But how do you find them?
The combination of Big Data and ethnographics can be a potent toolset for uncovering innovation opportunities, as a growing number researchers are discovering.
Small to medium-sized businesses typically don't need an enterprise-level idea management system. What they need is a simple tool that enables them to capture, improve, evaluate and take action upon their best ideas. Mind mapping software is a tool that can help.
The nature of problems in innovative work is that they are often ill defined, novel to the individual who engaged them, and complex in that often several solutions exist to the same problem. In this post we will see how expertise is an important factor in innovative problem solving, and how leaders and organizations can cultivate R&D team expertise.
Most Western European countries are struggling with fundamental, long term issues, e.g. an ageing workforce; downward pressure on public sector budgets and increasing demands from citizens, to which Danish learning could be applied.
Why is change so hard? Most people will tell you [...]
Managers frequently rely on innovation to drive profitable growth. In many industries new products and services are fundamental. However, although product and service innovations are and have been important to firms for decades, competitive pressures and the search for increased profit have pushed business model innovation higher on the priority list.
When an organization sets about solving what is perceived as a problem, is it addressing the real issue or is it addressing the symptoms that cause the most heartburn?