risk management

Effectively shifting gears between the different phases of the Innovation Pipeline

Adventurous as the word innovation may sound, an innovation consultant’s job consists for a large part in de-risking the innovation process. In order for innovation to be a viable undertaking for any company, the outcomes of the innovation need to be maximized, while the risk involved needs to be contained as much as possible.

The Constant Tension Between Managing Innovation vs. Managing Risk

Managing innovation is a big role that puts a lot of weight on the shoulders of management teams. Depending on how much a company cultivates an innovative culture and environment, innovative ideas either go through chains of command, or are workshopped in specific departments.

How will Your Organization Prepare for Extreme Scenarios?

A BISS-project powered by the Service Science Factory

Rapid changes in technology, customer needs and society forces large organizations to constantly adapt to a changing context in order to remain relevant. Organizations therefore need to shift their strategy from a reactive to a pro-active approach, or in other words, they need to anticipate the future to prepare for it. Developing extreme scenarios paints a picture of the future and poses the opportunity for organizations to prepare for upcoming challenges and to make use of new opportunities.

6 Reasons Some People Are Uncomfortable with Innovation

When we talk about innovation, we sometimes forget that not everyone is on board with the new and revolutionary. Some people would rather stick to their same schedule and do the same thing, day after day: a predictable and comforting routine. For champions of innovation, this mindset is difficult to understand. However, you’re likely to meet many people over the course of your career who are simply uncomfortable with innovation, and you will have to learn to work with them. The first step to compromise is understanding, so let’s take a look at some of the reasons people are sometimes uncomfortable with innovation.

9 Ways to Convert Employees into Intrapreneurs

Companies that encourage and reward intrapreneurship have a great advantage when it comes to retaining the best talents - especially important in today’s creative climate. Here are a few ways that your company can turn your employees into highly-engaged intrepreneurs.

Where to Start with Innovation? Begin by removing the Barriers

Surveys show that the large majority of senior executives see innovation as critical for their businesses but what if you want to make your organization more agile and innovative where should you start? You could launch a big initiative with grand statements, training classes and an ideas scheme but you tried all those last year and they fizzled out. It is better to begin with a brutally honest assessment of what is preventing innovation from happening today.

Trends in Innovation Leaders: Greater Risk and Big Bets

The latest Innovation Leaders research shows that there is an increasing number of high-growth companies that are prepared to take greater risk and make big bets. Rather than focus just on incremental growth, they are being bolder and are seeking to develop more radical innovation opportunities. Despite requiring significant investment and offering no guarantee of success this approach has been transformational for some. Where and why is this happening and what has changed that has made this approach more common?

How Business Intelligence Software can Help you Increase Operational Efficiency

Business Intelligence software is an essential tool for analyzing your company's strengths and weaknesses. From inventory management, to accounting, to customer intelligence and beyond, there are many ways you can use BI software to inform your decision-making, increase operational efficiency, and gain a competitive edge.

Reviving the Swiss Watch Industry: The Remarkable Story of Swatch with Elmar Mock

Elmar Mock is the Founder of Creaholic, but he began his career as an engineer in a deteriorating watch industry. Elmar approached top-level management within his company with an insane idea, a new way to completely innovate the industry and improve sales. Everyone thought he was crazy and his co-workers distanced themselves from him, but that turned out to be a good thing.

Why it Takes Time to be an Overnight Success

When it comes to transformation programs, internal alignment forms the foundation for strategic success. Naturally, aligning an organisation to its strategic priorities requires serious upfront investment in terms of time. But without this time, it’s a case of ‘fail to prepare – prepare to fail’.

Executing on Innovation – The Required Key Ingredients

Innovation: We all have seen the biggest, most successful companies talk about it and share their success stories. We have read about it in the latest business journals and magazines. We all want it in our organization but the right recipe with the right ingredients is often elusive. In this article we will share different views and discuss key ingredients required to create, execute, and innovate in your organization.

The Space Between Hesitation and Commitment with Michael Gervais

Michael Gervais is a high-performance psychologist who works in the trenches of high-stakes environments, he is a recognized speaker on optimal human performance, and he is the host of the Finding Mastery podcast. What can Michael teach us about success in the corporate world? Well, just a few of the important topics Mark and Michael discuss on this week’s episode are: Why is an understanding of the space between hesitation and commitment so fundamental to raising performance? What is micro-choking, and how can you dissolve pressure? A definition of failure that challenges us to step up.

Managing Risk and Shortcuts for Project Managers

Project managers are often dealing with loads of stress coming from all fronts, such as the pursuit of deadlines. Pressed by senior managers to deliver, project managers may find themselves resorting to risky shortcuts to make ends meet. Here are some ways to manage these risky shortcuts in project management.

Why Top Executives Do Not Get Innovation – and What to Do About It

Many leaders of corporate innovation efforts struggle to get the support they need from executives higher up in the organization. Top executives can be skilled at talking the talk about innovation, especially in public venues, but frequently fail to walk the walk when it comes to making key choices that determine whether an innovation project will happen or die on the vine.

Who Are the Great Innovators Among Us?

Humans are innately concerned with what makes up the creative inventors among us. We want to know how to cultivate our inner innovator and nurture those qualities that will serve us both as individuals and as employees.