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10 IMPERATIVES TO SUSTAIN INNOVATION – All in one place
“In the 17th century, Innovators didn’t get accolades. They got their ears cut off.” – Emma Green The competitive marketplace of the 21st century has brought with it a new connotation of the word “Innovation. We used to believe the Earth was the center of the solar system. Then it was the sun. The Earth…
Read MoreManage Innovation to Drive Value Creation
The fundamental purpose of Innovation is to create value that translates into enhanced stakeholder/shareholder value. Sustainable process-driven innovation transforms ideas into vital intellectual property, Intellectual property into revenues, and revenues into increased stakeholder value. While the creation of the idea is important, the creation of value for the customer is equally paramount. In many companies,…
Read MoreValue Creation – Optimize Your Sustainable Innovation Programs
Following Robert’s Rules of Innovation, Value Creation is the key to optimizing sustainable innovation programs within your organization. Successful innovation is the process of using intellectual capital to create a financial return by creating a new product or service. While the value of the idea is important, adding the perceived value of your customers will…
Read MoreThe Hidden Value of an IP Portfolio – Just ask Dell
Value creation is the performance of actions that increase the worth of goods, services and businesses. It benefits customers, who receive improved products and services, as well as shareholders of the company who wish to see their stake appreciate over time. How does a company create and maintain value? Through innovation processes that build…
Read MoreInnovation Balancing Act
r On June 15th of this year, Nik Wallenda became the first person ever to walk across the roaring Niagra Falls on a 2-inch wire. After battling wind swells, and thick mist, Wallenda completed his walk crossing from the United States into Canada. He was greeted by a Canadian customs agent who asked, “What…
Read MoreNew Intellectual Property Exchange Streamlines Patent Trading
In the research and development industry where innovations build on top of other innovations, obtaining patents to protect intellectual property is of the utmost importance. It is critical to ensure that patents being are utilized, especially within big corporations like IBM or organizations like the Unites States Navy. Not only do patents protect newly developed…
Read MoreValue Proposition: The Key to Successful Innovation
What defines successful Innovation? Innovation is the process of using intellectual capital to create new products or services that generate positive business results in the form of financial returns. Discovering new findings then spurs more innovation which leads to further financial returns, and so on. Innovation is successful when positive outcomes result in return on…
Read MoreThe Ethanol Myth and Innovation Gone Amok: Some ‘Improvements’ Demand Serious Questions
Next time you fill up at the pump, check for a new sticker: “Contains up to 10% Ethanol.” It represents “innovative” efforts by Big Oil, Big Agriculture and Big Government to make a dent in America’s consumption of greenhouse-gas producing fossil fuels – and foster a move toward renewable, green energy. Transforming corn into ethanol…
Read MoreInnovate to Thrive: Time to Open the Throttle
As leaders search for the next process that will transform their organizations into category leaders, for many – it seems – the answer is close at hand: Innovation. Over the past several weeks and 10 posts on the Vistage Blog , we’ve reviewed key imperatives that formed “Robert’s Rules of Innovation” and that together create…
Read MoreNet Rewards
Innovation is ultimately about return on investment at the end of the New Product Development process. With the success of a new product launch, everyone benefits – from shareholders and company employees to the consumers. Innovation done well reaps market share gain, new products and new features. Essentially, everyone wins. The last imperative of Robert’s…
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