Outcome Driven Innovation is a strategy and innovation process built around the idea that people buy products and services to get jobs done. It does this by linking a company’s value creation activities to customer-defined metrics. The outcome of Outcome Driven Innovation is an 86 percent success rate…
We hear it all the time – new startups competing with traditional businesses, if not replacing existing industries and categories altogether. Disruptive technologies like cloud computing and enterprise mobility have lowered the barrier to entry, if not totally eliminated it. Aspiring entrepreneurs need not worry about leasing an office space,…
While all companies need to see digital technologies become an integral part of their business, this needs to be done in an innovative and integrated manner, as opposed to simply plugging in and configuring standard solutions. While standard solutions can automate processes and save money, this is neither innovative or transformational, but…
If you carefully orchestrate 5 or more of the 10 innovation types, particularly those types which most organisations typically ignore, you will almost always get disruptive innovation. That is the message shared by Larry Keeley – president and co-founder of Doblin, Inc., an innovation strategy firm known for pioneering comprehensive innovation…
Innovation to change business models, ways of working and create competitive advantage is one thing, but while leaders have read about disruptive innovation, many are not prepared to put in the effort to participate in radical transformation – which should be a concern for shareholders. Bran Ferren said; “They tell their…
Switzerland, the United Kingdom, Sweden, the Netherlands and the United States of America are the world’s five most innovative nations, according to the Global Innovation Index (GII) 2015. Economies that outperform their peers for their level of gross domestic product are designated in the report as “innovation achievers.” The index covers…
Although Design Thinking was first used to make physical objects, it is increasingly being applied to intangible issues, such as how a customer experiences a service. Jon Kolko explains how design thinking has come of age with large organisations applying the principles of design to the way people work. Take this…
As Jeffrey Phillips wrote last week, the problem with corporate innovation is that executives often do not know whether to use external innovation experts to create new products and services, or build internal capabilities. Although this report from Cap Gemini reveals the fact that 38% of the world’s top 200 companies have set up…
A new methodology known as “The Business Model Navigator” has been developed by the Business Model Innovation Lab in St Gallen, Switzerland to help companies innovate their business models, and move from the old to the new. The methodology structures the process of innovation of a company’s business model and encourages…
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The World Economic Forum recently asked can you measure innovation? When it comes to deciding how to manage and measure Innovation in your organisation it’s important to understand what Innovation means to you and your customers, and establish concrete KPIs that can be developed by formalising your Innovation process. But…
Less than 5% of small and medium-sized firms in Australia seem to collaborate with higher education or public research institutions and this lack of collaboration between business and academia could be a threat to Australian business. History has shown us that Australian inventors and companies can be world leaders…
The theory of disruptive innovation was invented by Clayton Christensen of Harvard Business School, in his book The Innovator’s Dilemma. But what does disruptive innovation mean? Big companies have traditionally struggled to innovate in their business models, but they can be disruptive, if they identify and overcome…
Truly effective business transformation requires innovation, but not every company has the luxury of an innovation genius or two on-hand. Systematic Ideation is an article based on extensive research, which presents a playbook of four cornerstone innovation strategies that provide a structured method to generate innovative ideas. Also discover…
To incorporate digital process innovation into their operations, IT executives need to change some of the traditional behaviours and mind-sets in their organisations. In addition to the dual-speed IT architecture required for digital process innovation the folk at McKinsey explain that there are three key actions IT execs can take to encourage…
Customer Centricity is core to value-orientated digital transformation, and emotions need to be at the heart of customer centricity, particularly when 80% of a person’s life is guided by emotion. Game changing digital technologies such as mobile virtual reality (VR) create emotional connections between the product and the…
As Statoil and GE announced the winners of their first open innovation challenge, research published in a new 18-page report reveals that innovation centres are increasingly replacing traditional approaches to R&D. However, many companies are struggling with their innovation efforts as only 38% of the 200 surveyed said they…
A new 74-page report from the Cambridge Judge Business School concludes that businesses transforming themselves successfully exhibit one or more of six shared patterns between technology and market demand. Read about the six degrees of innovation and how companies leveraging one or more of these business model characteristics can…
Few things make creative people wearier than empty talk about innovation, and yet the “innovation” word is now so commonplace that it’s at risk of losing its value as a motivating brand attribute. Some company leaders boast about innovation, and yet have no innovation processes in place, or culture where…
The Innovation Partnership Program (IPP) curates a group of 30 Fortune 500 companies that participate in a three-year innovation journey. It helps leaders harness the power of disruptive technology and the wisdom of crowds, and it guides them in developing a roadmap and view of how accelerating technologies in development will impact their…