July 5, 2017 | By: Rob Hoehn
In a recent article, The Financial Brand discussed the biggest threats to the financial and banking industry. They included a long list of everything from profitability to making good hiring decisions. However, we thought that there were a few problems that could be particularly fruitful when applied to open innovation systems.
June 30, 2017 | By: Zak Goldberg
Are you trying to think of ways to make your business more innovative? Innovation has become a vital part of success for business. Technology has made it easy to expand globally, reach a larger target audience and significantly boost profits, but it’s also brought a lot more competition. This means that to keep up, businesses need to ensure they’re innovative and capable of consistently delivering new and exciting products and services.
June 22, 2017 | By: Ryan Ayers
It’s pretty much impossible to argue with Apple’s success. It’s one of the most valuable companies in the world, and has maintained dominance for its reputation as an innovative company that produces top-of-the-line hardware. Because of its products and brand reputation, Apple has gained a cult following that will buy nearly every new product that emerges, year after year. So why, even with the high price tag, are so many consumers willing to shell out for every new gadget that comes along?
June 20, 2017 | By: Martin Luenendonk
A business plan is at the heart of every business. But instead of just writing down your business plan, your startup’s business model will require proper validation before you start doing business. If you don’t validate it, the investor simply won’t invest. You can validate your business model through three core assumptions: delivering, creating and capturing value.
June 20, 2017 | By: JP George
The role of HR has evolved significantly over the years. In the past, HR was focused only on hiring and making sure paychecks were sent to the right employees. Today, HR plays a much broader role in the strategic goals of a company. These following improvements can help your HR department meet your company goals.
June 19, 2017 | By: Laszlo Gyorffy
Disruptive ideas don’t just happen – they must be championed. In doing so, intrapreneurs must address two fundamental truths when leading big idea innovation: that of value creation and that of persuasive communication. If you want to learn how to scale innovation across your enterprise and create a disciplined approach for creating market-changing ideas, One Hour Innovator is a great place to start.
June 15, 2017 | By: Kevin Faber
Big Data has had a big impact on the competitive landscape. Businesses that have embraced this explosive technology of digital media are better positioned to market faster with products and services that satisfy customers’ needs adequately. Wise management of time is very critical in staying ahead of the competition. Utilizing Big Data solutions in processing digital data is one way of enabling managers or organizations and business owners to make quick, informed decisions that streamline efficient business operations. Here is an analysis of some of the real management applications of Big Data:
June 13, 2017 | By: Rob Hoehn
One of the biggest challenges to innovation is the middle part of the process – where most of the work is happening behind the scenes. As your innovation campaign progresses, you must continue to instill excitement across all team members, and find ways to reengage them as advocates. In this case study, we’ll examine how Dick’s Sporting Goods engaged their employees in product development and effectively encouraged them to participate in their innovation community.
June 7, 2017 | By: Ryan Ayers
Feeling like you’re stuck in a creative rut? Creativity works a lot like a muscle—you have to exercise it for it to work properly. Once you get stuck in a cycle of routine, it’s easy to feel like you’ve lost your creativity. Maybe you’re not contributing innovative ideas during team meetings anymore, or maybe you just feel like you’re doing the same thing every single day. Whatever is making you feel uncreative, you don’t have to live with it. All it means is that it’s time to exercise your creative muscles more than you have been! Here are some ways you can stay sharp, innovative, and creative.
June 6, 2017 | By: Liz Parsons
Ambitious and impractical business schemes can often lack the fundamental elements needed to make them a reality, leaving huge expense and casualties of the blame game in their wake. The business world is littered with the remnants of unrealised programs and unsuccessful plans for development, several of them so high profile as to have attracted national notoriety.
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 30, 2017 | By: Ryan Ayers
Are you overwhelmed by unnecessary meetings? We’ve all been there: one more meeting, and you feel like you’re going to scream. You’ve been trying to make some real progress on your creative project, but the constant meetings have really been cutting into your individual brainstorming time. If you feel like the number of meetings you’ve been attending is cutting into your productivity, you’re not imagining it.
May 24, 2017 | By: Johannes Gottschall
I guess everyone knows the tragic story of the EastmanKodak Company: founded in the 19th century, dominating the photographic film market during most of the 20th century and finally collapsing into bankruptcy in the early 21st century, shaken by a new technology they had once decisively initiated.
May 24, 2017 | By: Paul Sloane
Surveys show that the large majority of senior executives see innovation as critical for their businesses but what if you want to make your organization more agile and innovative where should you start? You could launch a big initiative with grand statements, training classes and an ideas scheme but you tried all those last year and they fizzled out. It is better to begin with a brutally honest assessment of what is preventing innovation from happening today.
May 19, 2017 | By: Alex Barclay
Nobody doubts that design can be powerful. But while words and phrases like ‘design thinking,’ ‘agile’ and ‘lean’ may be officially welcome in the boardrooms of Deloitte, Accenture, PWc, McKinsey and similar firms, I believe that the full potential of design has been neglected and these terms misappropriated.