Who among us doesn't shop on Amazon, EBay or Ali Express? Remember when we still went to actual stores for every single purchase? It wasn't that long ago. And if you think we've reached the end of the process, you're mistaken - the world is going to keep changing. The direction is clear. We're in the midst of a tremendous change.
Over the years, Israel has accumulated a lot of experience with corporate open innovation. Over 350 global corporations selected Israel as their source for innovation, understanding that the rapid rate that technology changes and the fierce competition that exists, does not allow these companies to rely just on their R&D departments.
As they say, there is a time and place for everything, and that goes for implementing process automation in your business as well. Automation can be very productive. However, not all processes are meant to be automated. Want the details? Keep reading.
Starting up a small business can be rough. Even if you possess near-infinite entrepreneurial spirit, chances are that you’ll run into some roadblocks along the way. Whether these obstacles are based in logistics of strategy and implementation of your business model, or even issues with the very products and services you offer, most of these problems can be solved with financial influx.
In an Innovation Point article, Founder Soren Kaplan notes that only one third of Fortune 1000 companies have defined innovation metrics. And yet 77% of business leaders see innovation as a priority. How is it possible that something that is so important to business leaders doesn’t have a defined set of KPIs?
A business plan is at the heart of every business. But instead of just writing down your business plan, your startup’s business model will require proper validation before you start doing business. If you don’t validate it, the investor simply won’t invest. You can validate your business model through three core assumptions: delivering, creating and capturing value.
This article provides a systematic framework for helping executives of large, established organizations identify opportunities for business model innovation and organize themselves to pursue these opportunities. While also applicable to start-ups, this article focuses primarily on how to define, challenge, and revamp the business model of an existing business or organization.
Social media has already fundamentally changed the way many of us live our lives or do business. In coming years its role in almost every aspect of public, private, political, commercial and community life is likely to grow; it could be seen as digital recombinant DNA, central to everything but changing and being changed, made up of millions of bits and bytes, with multiple roles, instructions and connections. This extended trend alert indicates some of the trends affecting the current development of social media, as a prelude to further discussions at a forthcoming foresight meeting in London; it does not claim to be comprehensive, but a jump off point.
Paul Sloane uses a gambling analogy to show how uncertain innovation is and why senior management isn't likely to approve a new idea after several failures in a row.
There are plenty of innovation and ideation efforts that yield new ideas for growth but never generate a dime for their inventors or the companies that develop them. Why? Because many inventors don't understand how to jump the gap from ideas to actually selling them.
Customer experience is much more than simply buying and using a product. Whether a firm is B2C or B2B focused, every interaction the customer has with a company or a company
To build a capability of sustainable innovation, the key is to work smarter, not harder, according to this GE engineer.
Innovation may be the watchword of the executive team, but desire does not necessarily lead to the right level of real, sustained commitment. Now, a recent study by Imaginatik Research, building on previous work on the financial impact of innovation, has uncovered a simple, compelling connection between corporate objectives, and the generation and management of ideas and business opportunities.