Posts Tagged ‘Innovation’

Innovation Management: Keeping Up With the Digital World

All Aboard the Sensor Revolution: How the Internet of Things is Driving Innovation Those who are plugged in know that technology is a swift changing animal—a shapeshifter always in flux, moving forward at a terabit-fast pace. Keeping up with every new buzz and innovation is undoubtedly whiplash-inducing. But look away and you’ll be left behind.…

Read More

Risk: The Unavoidable Rite of Passage in Value Creation – Innovation

There are a lot of moving gears involved with value creation. Talent, originality, intelligence, and circumstance all play a part in the sustainable process of innovation. However, these qualities can appear abstract and elusive. Is it possible to gauge a prospective employee’s resume or curriculum vitae for any of these respective characteristics? Are there metrics…

Read More

Creating a Structured, Repeatable Process For Innovation

Established companies do not easily reinvent themselves.  History shows us that Innovation is often the strategy of startups – but not only is it important in getting to the top, innovation is necessary in order to stay on top. New talent, new techniques, and new products are all needed to stay abreast of the competition.…

Read More

Observation, Measurement, and How They Lead to Sustainable Innovation

The degree in which a company prioritizes sustainable innovation can often become the difference between a successful business and a struggling business. True innovation does more than just meet the immediate exigency of consumers and clients; it anticipates those demands and needs, providing products and/or services that radically changes the landscape of the marketplace. However,…

Read More

Complacency, Stagnancy, and Their Effects on Innovation

Though competition is an unavoidable aspect of business, its effects can potentially foster or deter innovation depending on a leader’s management style. Celebrating success and discouraging failure is a familiar binary for most, but what would happen if a business decides to reverse that paradigm? What if we celebrated failure, and discouraged dwelling on our…

Read More

Innovation Rankings – Measuring Innovation

Innovation experts love making lists – and we love reading them. I’ll be the first to admit that Fast Company’s “World’s Most Innovative Companies” is one of my favorite annual reports. I’m also a big fan of Forbes’ list which takes into account investor confidence and ranks companies by their innovation premium; the difference between…

Read More

Innovation and Disruptive Necessity

Is the world getting smaller, or are we seeing further?   Today we stand on the shoulders of giants in a rapidly changing world. In order to gain the competitive edge needed to stay relevant, it is imperative that businesses seek to disrupt their own business model before the competition does. Innovate or die the…

Read More

Successful Innovation Harnesses Idea Management

While most organizations believe that Innovation is required to remain competitive in today’s marketplace, they often do not put enough emphasis on building the organizational capability for innovation. Idea management is a critical step in this process. While creativity and ideas can be found in numerous places and in numerous ways, how you manage them…

Read More

The Eureka Moment of Ideas & Idea Management

 Idea management is the second of critical processes of Robert’s Rules of Innovation and is essential in Innovation and New Product Development (NPD). It is really important to fill the innovation pipeline with ideas from many different sources in your business. Ideas can be generated from associates, sales, and of course R&D. In addition, it…

Read More