Competition, Ideation, Innovation Management and Open Innovation - Business Innovation Brief
In the previous blog post, we laid out the concept behind in-house innovation competition and the benefits that come with it. Now, we will give you a few useful tips on how to manage the contest to assure high-quality ideas are born. If you already picked a suitable innovation management platform to get you started, it is time to plan your first idea contest. In order for the competition to yield high-quality ideas, there are a few rules you should follow. MORE
Communication is essential if an organization wishes to engage its employees in its corporate innovation program, while also aligning participation with the organization’s objectives. How can you reach your employees and instill them with an appetite for innovation and good ideas? MORE
Considering these sobering statistics, it’s little wonder that even the world’s largest companies are increasingly pursuing bold innovation strategies to withstand disruption, rather than resting on their laurels. So how are heavyweights like Amazon, Ford, and Samsung tackling innovation? How are they implementing strategies to foster a spirit of ideation to generate new ideas, while also spearheading initiatives to overcome target challenges? Our Blog Innovation Inspiratio MORE
Strategic innovation management aims at identifying opportunities and risks at an early stage in order to prepare the company for the future. Inspirations from other industries or other countries spur the identification of innovation opportunities to innovate and grow in. Looking at the huge amount of innovation management activities and the enormous range of knowledge-intensive tasks it becomes clear: this is a tough one. Online innovation communities . MORE
Trends Ideation Technology Collaboration 29
Fortunately, companies can take control over their evolutionary destiny by harnessing the power of innovation. Many companies fall victim to the myth that innovation is all about large-scale projects – requiring a substantial amount of time, resources, and risk taking. MORE
Strategic Planning is Dead. Embrace Responsive Growth.
A responsive growth strategy is the only way to ensure your business' day-to-day actions result in innovations that are consistently relevant to your markets. The ongoing discovery process allows us to constantly learn about our market's emerging needs, and this is where new opportunities for innovation will first be identified. It also requires an overarching approach to innovation management that ensures all of these tools work together effectively. MORE
Strategy Strategy Marketing Crowdsourcing 40
Even North and South Korea walked under a united banner at the Winter Olympics.Things have been no less epic on the corporate innovation front. With the steady increase in competition, large corporations are more preoccupied than ever with securing data relating to the successes and failures of rivals. It’s important to get a sense of how the tectonic plates of the innovation landscape are shifting in order to anticipate the new opportunities of 2019. MORE
Whenever I talk to clients about innovation and innovation management, the so called Innovation Funnel shows up on the projector. The resulting, most promising innovations you simply implement and here you are: the most innovative company around! If you constantly feed that funnel, you will never be out of new products and services and you will always be ahead of competition. Before starting to ideate the biggest question is: Where to ideate? MORE
Competition Ideation Innovation Management Open Innovation
In the previous blog post, we laid out the concept behind in-house innovation competition and the benefits that come with it. Now, we will give you a few useful tips on how to manage the contest to assure high-quality ideas are born. If you already picked a suitable innovation management platform to get you started, it is time to plan your first idea contest. In order for the competition to yield high-quality ideas, there are a few rules you should follow.
Fortunately, companies can take control over their evolutionary destiny by harnessing the power of innovation. Many companies fall victim to the myth that innovation is all about large-scale projects – requiring a substantial amount of time, resources, and risk taking.
Whenever I talk to clients about innovation and innovation management, the so called Innovation Funnel shows up on the projector. The resulting, most promising innovations you simply implement and here you are: the most innovative company around! If you constantly feed that funnel, you will never be out of new products and services and you will always be ahead of competition. Before starting to ideate the biggest question is: Where to ideate?
Considering these sobering statistics, it’s little wonder that even the world’s largest companies are increasingly pursuing bold innovation strategies to withstand disruption, rather than resting on their laurels. So how are heavyweights like Amazon, Ford, and Samsung tackling innovation? How are they implementing strategies to foster a spirit of ideation to generate new ideas, while also spearheading initiatives to overcome target challenges? Our Blog Innovation Inspiratio
Strategic innovation management aims at identifying opportunities and risks at an early stage in order to prepare the company for the future. Inspirations from other industries or other countries spur the identification of innovation opportunities to innovate and grow in. Looking at the huge amount of innovation management activities and the enormous range of knowledge-intensive tasks it becomes clear: this is a tough one. Online innovation communities .
A responsive growth strategy is the only way to ensure your business' day-to-day actions result in innovations that are consistently relevant to your markets. The ongoing discovery process allows us to constantly learn about our market's emerging needs, and this is where new opportunities for innovation will first be identified. It also requires an overarching approach to innovation management that ensures all of these tools work together effectively.
Communication is essential if an organization wishes to engage its employees in its corporate innovation program, while also aligning participation with the organization’s objectives. How can you reach your employees and instill them with an appetite for innovation and good ideas?
Even North and South Korea walked under a united banner at the Winter Olympics.Things have been no less epic on the corporate innovation front. With the steady increase in competition, large corporations are more preoccupied than ever with securing data relating to the successes and failures of rivals. It’s important to get a sense of how the tectonic plates of the innovation landscape are shifting in order to anticipate the new opportunities of 2019.