To be able to use the full potential of innovation, psychological safety within teams and organisations is essential. Psychological safety is the shared belief that it is safe within the team for interpersonal risk taking. There is a direct relation between a psychological safe climate and performance of the team. (Edmondson 1999)
Play Bigger Advisors Co-Founder Dave Peterson emphasizes that entrepreneurs must be able to articulate the problem they seek to solve if others are to understand their vision. Successful marketing also persuades people to care about a problem they weren’t aware of before, and your solution for it. “Understanding the problem is the first step,” Peterson says.
Here’s a wild guess: the majority of large enterprises will probably claim they know exactly what innovation is all about. Yet, in spite of impressive resources, big companies are responsible for only a small fraction of disruptive innovations. What is at the root of this paradox? Why does so much innovation fail? And more importantly: what can companies do about it?
Where do creativity and innovation come from? It’s an age old question: are creativity and innovation innate abilities, something you’re either born with or not, or can they be learned? While the debate continues, the data is increasingly pointing to the fact that qualities like creativity and innovation are largely learned behaviours.
Automotive industry insiders admit to seeing potential new market entrants from Silicon Valley as a “competitive threat”, and say the only way to stay ahead of the game is through partnerships and collaborations between both the traditional auto players and other IP owners. These views, and many more, were expressed at IAM’s recent event on IP in the auto industry, which Auto Harvest co-hosted with World Trademark Review at the start of this month.
In the new global environment innovation is tending towards Platform Disruption, and is more focused on waves of change than single technology disruptions. The competitive capability of different innovation cultures, rather than technology, therefore becomes the critical success factor. In this article, Haydn Shaughnessy examines product and service platforms as the new organisational form and suggests that modern enterprises need to take the leap to a new way of business.
Emerald Therapeutics Co-Founder DJ Kleinbaum describes an exercise that allows his company to constantly re-examine its operations and culture, where all new employees are asked to keep a journal and write down their initial impressions of anything unusual. They are then asked to turn to coworkers with more tenure for an explanation, and possibly suggest solutions.
I love a good quality innovation conference. There are plenty of crappy innovation events out there, but I have to say that this year’s Front End of Innovation conference in Boston (#FEI16, @FEI_innovation), provided a boat load of inspiration and occasional moments of delight. So I wanted to outline some of the key themes that I saw coming out of this year’s event.
Educational institutions have the reputation of being slow-moving behemoths, but this label is undeserved. According to the Organization of Economic Cooperation and Development, the educational sector worldwide is more innovative than it gets credit for.
This in-depth research report written by CX Network looks at the key customer experience trends, challenges and investments for the next 12 –18 months and the digital transformation of organisations. Their annual survey gauged the views of global leaders – across all major industries – within customer experience, service, insight, digital and marketing, on the changes that will be defining the industry in 2016.