risk management

25 Steps to Jump-Start your Innovation Journey

We’ve covered some essential ground to help you prepare your innovation journey, and now it’s time to put these concepts into action. The innovation formula addresses the very specific tasks that have to be accomplished for innovation to emerge from your organization not only as a matter of luck or at random, but through a concentrated effort that results in sustained innovation performance. Here you will find the Taking Action steps along with 25 additional suggestions that we hope will help you to think and plan creatively and productively about how to make innovation a reality in your organization.

Ideascale2019-10-15T15:21:06-07:00June 9th, 2015|Categories: Leadership, Strategies, The Innovation Formula|Tags: Change Management, Employee Engagement, innovation tool, innovation toolbox, risk management, serialized book, speed of innovation, Teamwork, the innovation formula book|

Taking Action: Your Innovation Master Plan

The focus of the The Innovation Formula is on the innovation process that makes sense for small businesses, where lean, simple, and fast are essential. You may also be interested in a view of the innovation process that’s suited to larger companies, so this chapter provides an overview of the Innovation Master Plan framework that we use when we’re working with larger organizations on innovation projects and initiatives.

Ideascale2020-04-02T11:10:03-07:00June 5th, 2015|Categories: Life Cycle Processes, Strategies, The Innovation Formula|Tags: apple, Change Management, Failure, Innovation Culture, innovation portfolio, innovation system, IoT, portfolio management, risk management, serialized book, SME, the innovation formula book|

Build a Fast and Efficient Innovation Team

Since we’re obliged to pursue innovation in a competitive marketplace, speed matters. In fact, it matters a great deal, for your competitors aren’t waiting, and you cannot afford to allow them to get too far ahead. The faster you recognize new trends, threats, and opportunities, the faster great ideas get discovered and created, the faster they get to market, the faster you earn money, build brand, and extend the relevance and reach of your firm into the future.

Ideascale2019-10-15T15:21:11-07:00May 14th, 2015|Categories: The Innovation Formula|Tags: Change Management, design thinking, risk management, serialized book, skills management, soft skills, speed of innovation, Teamwork, the innovation formula book, top talent|

Designing Your Innovation Portfolio

The process of designing and developing your own innovation portfolios occurs as a series of steps that are described in a sequence because the output of one step will help you to think about the subsequent ones. The process builds towards design conclusions and decisions about the choices you’ll have to make, and then the investments that will back them up. In this chapter excerpt, Langdon Morris walks us through the process.

Ideascale2019-10-15T15:21:11-07:00May 11th, 2015|Categories: The Innovation Formula|Tags: Change Management, innovation portfolio, portfolio management, risk management, serialized book, SME, the innovation formula book|

Managing Risk with Your Innovation Portfolio

Probably the single greatest threat to most small businesses is “concentration risk,” also known as “keeping all your eggs in one basket.” In this chapter excerpt of of The Innovation Formula Langdon Morris discusses innovation portfolio design, and how it translates the goals and intents of your aims and strategy into a set of risk-managed innovation projects.

Ideascale2019-10-15T15:21:12-07:00May 7th, 2015|Categories: Idea Management, The Innovation Formula|Tags: Change Management, innovation portfolio, portfolio management, risk management, serialized book, SME, the innovation formula book, venture innovation|

Risk, Great Ideas, and Your Business Model

Where do great ideas come from? Obviously they come from many sources, which means that your systematic innovation process has to support and sustain multiple efforts at ideation in parallel. In the following article we will explore some promising ways that you may be able to find ideas that will take your own business forward.

Ideascale2019-10-15T15:21:13-07:00May 4th, 2015|Categories: Idea Management, The Innovation Formula|Tags: Business Model Innovation, community, customer engagement, ecosystem, ethnography, Ideation, market research, risk management, serialized book, supply chain, Technology, the innovation formula book, unmet needs|

Elements of The Innovation Formula

In the first chapter of The Innovation Formula for small business leaders and entrepreneurs, Langdon Morris explained the importance of questions and maps that describe competition, change, the future, innovation and strategy that are intended to help you understand the significant forces that are shaping business today, and to harness the ones that are already shaping tomorrow. In the second chapter, we look at a third core element that this book is organized around, which is the innovation formula.

Ideascale2019-10-15T15:21:14-07:00April 23rd, 2015|Categories: The Innovation Formula|Tags: Change Management, risk management, serialized book, SME, speed of innovation, the innovation formula book|

Innovation in the SME and Entrepreneurial Context

Innovation is as important for small business as for large ones, but most of the books and other writings available focus on the big firms. In his new book The Innovation Formula, Langdon Morris provides insights for the small business leader or entrepreneur about how to be fantastically successful at innovation even with very limited time and capital to invest.

Ideascale2019-10-15T15:21:15-07:00April 21st, 2015|Categories: Strategies, Support for SMEs, The Innovation Formula|Tags: Change Management, entrepreneur, mind mapping, risk management, serialized book, SME, the innovation formula book|

Germany’s Innovation Jam

Is Germany loosing the connection to today’s speed of change? In his new book “Germany’s Innovation Jam – How we create a new generation of founders,” Author Jürgen Stäudtner looks at German innovation pitfalls and corresponding resolutions.

Ideascale2021-12-07T15:11:38-08:00April 20th, 2015|Categories: Leadership, Organization & Culture|Tags: entrepreneur, europe, Failure, Germany, innovation policy, project teams, risk management, team diversity, Teamwork, top talent|

Overcoming the Challenges to Successful Open Innovation

Before any organization can reap the economic benefits of open innovation, it must overcome a number of legal, operational and cultural challenges. In this article Peter von Dyck addresses the top three obstacles to open innovation: managing intellectual property issues and other legal risks, processing ideas quickly and establishing an efficient internal structure.

Ideascale2019-10-15T15:21:21-07:00March 3rd, 2015|Categories: Idea Management, Open Innovation, Strategies|Tags: Henry Chesbrough, idea management, Ideation, innovation challenge, Innovation Culture, intellectual property, IP & patent, Open Innovation, Problem Solving, risk management, structure|

The Secret Sauce of Innovation

Could it be that today’s pervasive bad news, the news that causes everyone else to moan and complain—the economic malaise, the chaos that the digital revolution created, the impacts of outsourcing, political instability, global competition—can offer amazing opportunities to out- distance your competition? In this second chapter excerpt from the new book, Agile Innovation, Langdon Morris explores innovation-under-duress.

Ideascale2021-12-06T07:47:58-08:00January 22nd, 2015|Categories: Agile Innovation, Leadership|Tags: agile innovation, agile innovation book, challenge, challenge driven innovation, Change Management, Competition, crisis, economy, emerging technologies, Failure, lean, risk management, serialized book, Southwest Airlines|

Agile Innovation: The Revolutionary Approach to Accelerate Success, Inspire Engagement, and Ignite Creativity

Charles Darwin said it quite well: “In the long history of humankind (and animal kind, too) those who learned to collaborate and improvise most effectively have prevailed.” Innovation, collaboration, and improvisation are indeed essential forces shaping all of business and all of modern life, and they’ve become vitally important for the individual, the organization, and indeed for all of society.

Ideascale2019-10-15T15:21:27-07:00January 12th, 2015|Categories: Agile Innovation, Collaborative Innovation, Leadership, Strategies|Tags: agile innovation, agile innovation book, agile project management, Change Management, Collaboration, innovation portfolio, portfolio management, risk management, serialized book, speed of innovation|

Open Innovation: Lego and Bagels

Arguably, the principle of Open Innovation was utilised for the first time by Professor James Murray in 19th Century Oxford, England. In the time that has passed since then, this concept has become infinitely easier to implement thanks to the development of Innovation Management technology, however some companies are yet to wake up to its potential.

Ideascale2019-10-15T15:18:40-07:00December 16th, 2014|Categories: Idea Management, Open Innovation, Strategies|Tags: case study, collective intelligence, Communication, Crowdsourcing, Henry Chesbrough, innovation history, innovation success, Open Innovation, risk management, social media, software, voice of customer|

Methods of Measuring Ideas for Innovation

Turning ideas into numbers and knowing the characteristics of the Ideal Idea (0.00iur) is like having a compass and knowing the safe harbor where the minimal risks of innovation converge. Mathematically identifying desired ideas by users, extracted from simplified mathematical formulas, is the Holy Grail that eliminates uncertainties and passionate discussions, which are unhelpful in choosing ideas.

Ideascale2019-10-15T15:18:49-07:00October 23rd, 2014|Categories: Idea Management, Life Cycle Processes|Tags: evaluating ideas, in-depth article, mathmatical idea management, measure innovation, measuring ideas, performance measurement, research, risk management|

Intrapreneurship: From Playing Hide and Seek to The Dismantling of Classic Hierarchy. Where are You At?

We bet you hear the word innovation at least a dozen times a day, if not more. Every single company seems to be thinking of, planning for, and somehow doing innovation in some way. With so many ideas, frameworks and success stories, how can you cut through the noise and capture what’s most relevant for your company?

Ideascale2019-10-15T15:18:53-07:00October 8th, 2014|Categories: Leadership, Organization & Culture|Tags: culture, Employee Engagement, hierarchy, intrapreneur, intrapreneurship, management, risk management|