September 14, 2017 | By: Naseem Javed
How did we arrive here, so suddenly? When for the first time was the original idea of the ‘age of curiosity, scarcity and abundance” published? It was right here in a syndicated column in 2005 and it was a very scarce notion. Today Age of Abundance is a useless notion; the term is widely used […]
August 8, 2017 | By: Suzan Briganti
The legacy approach to talent selection involves matching education, length of experience and functional skills to the role. All of this makes sense as a baseline, and for well-established professions. But, we argue, selecting talent for innovation requires a whole new approach. Companies must recognize specific innovation skills that drive business outcomes. Yet today, most lack the tools to do so.
July 19, 2017 | By: Ryan Ayers
When we talk about innovation, we sometimes forget that not everyone is on board with the new and revolutionary. Some people would rather stick to their same schedule and do the same thing, day after day: a predictable and comforting routine. For champions of innovation, this mindset is difficult to understand. However, you’re likely to meet many people over the course of your career who are simply uncomfortable with innovation, and you will have to learn to work with them. The first step to compromise is understanding, so let’s take a look at some of the reasons people are sometimes uncomfortable with innovation.
July 18, 2017 | By: Naseem Javed
We are over flooded with massive innovation lacking commercialization; we have qualifications, certifications and degrees but seriously lacking directions; we have incubators and accelerators exhausted like real estate projects…we have make-believe economical development games but the real progress is not there. So what else we need?
June 29, 2017 | By: Madison Sanders
Innovative and forward-thinking companies are successful because they have new, exciting, and useful products or services before others and consumers take notice of companies regularly producing the next big thing. These companies are more effective and they can grow more rapidly because their company culture encourages innovation among their employees. A company of “intrapreneurs” can quickly become a successful and noteworthy company.
June 28, 2017 | By: Ryan Ayers
Does it feel like your efforts in innovation lately have been…lackluster? Are you finding that your team just isn’t coming up with the great ideas you know they can produce? If your business is feeling stale and stagnant, you obviously want to know why, so you can make changes. Innovation efforts aren’t always simple and easy—and there are definitely some roadblocks that can come up along the way. Don’t get discouraged if you run into any of these common problems—you just have to be determined to prevent and work through them whenever possible!
June 27, 2017 | By: Paul Sloane
Innovation is risky. Customers are not asking for it. We are already successful… Getting momentum behind significant innovation is difficult, and sometimes it’s easier for a business to stay in what they deem a safe spot. Let’s look at seven arguments that inhibit innovation as well as their counter arguments.
May 31, 2017 | By: Paul Sloane
The aim of the precautionary principle seems laudable: lacking scientific consensus, the burden of proof for an action or policy not being harmful to the public or to the environment lies on those taking that action. In practice, however, this principle has proven a deterrent for innovation – particularly within the EU. How can the innovation principle – that is, examining new policies or plans for a negative impact they have on innovation – help to supplement and balance out the precautionary principle?
May 16, 2017 | By: Ryan Ayers
Globalization is great for business: it opens up new markets and allows businesses to bring in revenue and talent from all over the world. However, the first steps into international expansion can be fraught with growing pains, forcing companies to waste time and money on efforts that don’t gain any traction in foreign markets. To avoid this, company leaders have to get ready to embrace change and innovation outside their normal comfort zone. Here’s why it’s important to get comfortable with discomfort when you’re considering international expansion.
April 26, 2017 | By: Gary Davis
Recent discoveries of exoplanets that are relatively close to our solar system are used to illustrate the importance of “visualization”—of future consumer lifestyles, work and recreation, and product and service preferences—for the process of innovation. Different aspects of the visualization concept are discussed, including distinctions between consumers and companies, the importance of widely shared images and competition, and a possible role for Zen philosophy. Particular attention is devoted to visualizations associated with digital innovations, such as smartphones, voice assistants and the internet of things. A key conclusion of the discussion below is that the concept of disruptive innovation should be expanded to include the idea of disruptive visualization. The latter phenomenon will probably become more prevalent in the future.
March 30, 2017 | By: Tommy Reed
During one of the recent (and frequent) screenings of Top Gun in our house, I was thinking about innovation. I had just finish a popular post for our company’s blog about the habits of the most innovative engineers and I began to draw parallels between Maverick’s journey and innovation.
March 23, 2017 | By: Paul Vanags
This case study explores the results of an innovation research process undertaken by Oxfam, which compared internal feedback vs. general public feedback to identical sets of ideas. In comparing responses between these two audiences, Oxfam discovered an immediate and obvious divide between their staff’s opinions about which fundraising ideas would perform the best, versus what the general public preferred – an important lesson about avoiding the bubble of the echo chamber.
March 13, 2017 | By: Patrick Planing
In our society, it is still quite common to attribute the creation of new ideas to either genius or serendipity – a lucky moment finding a valuable insight without actually looking for it. In recent years, however, human creativity was demystified. Empirical research shows that the development of novel ideas has less to do with the inexplicable genius of some individuals, than with the circumstances in which they occur. No genius of any sort could have invented an iPhone in 1850, since the technological trajectory was not anywhere near this point at that time. If there is a ‘natural limit’ to innovation, then how can we describe the field of possible innovations?
February 27, 2017 | By: Laszlo Gyorffy
Embracing an intrapreneurial mindset, which intentionally disrupts things from the inside out and often from the bottom up, is a radical concept for companies that thrive on stability and predictability. However, if an enterprise is committed to developing its innovation capability through intrapreneurship, three groups of people must be mobilized to make it happen: leadership, stakeholders, and innovation support.
February 23, 2017 | By: Ryan Ayers
Lack of diversity among employees hurts a company’s ability to innovate and remain competitive. Diversity – both inherent and acquired – naturally drives innovation through team members’ different abilities to spot gaps, solutions, and opportunities; to avoid groupthink; and to reach clients and customers who were inaccessible before.