Businesses face the dilemma dividing resources between protecting the current value chain and developing new value propositions that in time replace the old ones. Not every organization has the luxury to have its own dedicated innovation unit and still then the ideas might not always be too innovative. Hackathons are an affordable and energizing way to generate innovative ideas that can revolutionize your organization.
In this episode we are joined by Tamara Kleinberg, serial innovator, keynote speaker, creator the Innovation Quotient Edge (IQE) Assessment and founder of LaunchStreet, a leading platform for individuals and organisations seeking to innovate. A few topics covered include lessons Tamara has learnt throughout her 20-year career advising companies such as Disney, General Mills, RICOH, P&G, J&J on how to create innovative cultures; why she so firmly believes that everyone has the possibility to be an innovator and the implications of this for leadership in large, established organisations; and walking through Tamara’s IQE Assessment the only tool designed to decipher a person’s natural innovative strengths and create the right environment for them to thrive.
Before investing in your company’s innovation development, it’s important to develop a strategy for collecting and evaluating ideas. Having guidelines in place to thoroughly vet ideas, value diverse opinions, prioritize scalable and sustainable results, and other areas of innovation management can set you up for success over the long term.
We often think that a great new idea will speak for itself — that people will automatically see that it is awesome. But that’s often untrue. There are two other crucial components needed before an idea can truly change the world. Tim Kastelle explains more on the TEDx stage.
It’s awesome when everyone agrees, isn’t it? Yes—and no. Most of us have, at some point, fallen into the trap of groupthink to avoid conflict and promote harmony in a group, whether at school, work, or on a committee. Groupthink has its perks: everyone feels comfortable, and there’s no risk of tension among members. It’s safe. Easy. Unfortunately, it can also kills creativity and innovation.
Julie Zhuo, vice president of product design at Facebook, explains the importance of visualizing success before beginning work on a project and how it can help teams avoid the tendency to define success along the way with vanity metrics. The question to ask is, “How will we know if we’ve solved this problem?” Zhuo says. “What would be different in the world?”
Over the last few years, innovation has become a ubiquitous branding tool. Whether you are a blue-chip company or a local start-up, innovation has entered the everyday lexicon of CEOs and administrative staff. Compared to prior marketing trends, innovation is not a passive buzzword—it is critical to the success of your company.
In a time when innovation and new product development are vital to remain competitive, large organizations are looking for ways to generate and execute new product ideas while mitigating risk. Increasingly, these companies seek to create a startup culture as a means to generate innovation.
Where do you start when you want something new? Whether the aim is just an improvement, a small incremental change or something more unique, disruptive and breakthrough, the start will probably determine where you end up. Do you start jotting down ideas? Do you grab a whiteboard and Post-Its, get a few people in the room, and start brainstorming?
In a world where we don’t know what tomorrow will look like, safety comes from being able to continuously experiment. The winners get to failure faster, more frequently, using fewer resources, and learning from it quicker than others. So if you operate in a fast-changing changing world, then it is time to retrain your instincts. It’s too risky not to.
Clear separation of top ideas from mediocre and weak ideas is essential, before financial and other resources are allocated. The Hyperselect method provides a new, sound and improved way to fulfill this task. Moreover it reveals, that hyperbolas might be “the better matrix” in quite a lot of methods for prioritization and beyond.
A gated product development process is often implemented by organizations to assist in scrutinizing projects throughout their lifecycle to ensure only the fittest survive. Unfortunately, many of the checks and balances lack the teeth required to kill doomed projects before they squander resources. How can a TV show provide valuable insight into your gate meetings? Stay tuned to learn more.
April 11, 2014 | By: Alexandra Gatzweiler, Vera Blazevic and Frank T. Piller | In: Organization & Culture
Increasingly many consumers are interested in becoming an active part in idea generation. The increasing online connectedness and emerging methods and platforms for co-creation provide consumers with the opportunity to play a greater role in the exchanges with companies and their value creation. The TIM Research Group of RWTH Aachen University is working on a study about the management of ideation contests, and seeking the input of InnovationManagement.se readers.
Previous articles in this series focusing on collaborative enterprise innovation have covered topics such as the benefits of software platforms in enterprise innovation, internal communications, increasing engagement and driving collaboration. In this article we share insights on evaluating large numbers of ideas generated as part of enterprise programs.