Senior management is without a doubt a tough job. If you’re one of the few executives at the top of a large organization, there are likely hundreds of people; customers, employees, partners, and the list goes on; who are all looking for your attention regarding an endless sea of different topics and initiatives.
Akio Morita was born in Nagoya, Japan in 1921. His father owned a business brewing sake. It had been in the family for 14 generations and it was expected that Akio, the oldest son, would step into the business but the boy was more interested in electronics than in brewing.
The internet was revolutionary in that it democratized the spread of information and ideas at a much faster rate than any other channel in. With the increased adoption of computing, we’ve also tracked the rise of “distributed knowledge” databases like Quora or Wikipedia. What is interesting is how powerful these specialized knowledge bases can prove to be in the context of innovation.
The ideation platform marketplace hasn’t really changed that much in the past 7 years or so. There was an early burst of innovative design and alignment with user needs, but at this point the sector seems to have stagnated in terms of how they add value. Call it reaching middle age, or perhaps they are having a 7-year itch?
Starting up a small business can be rough. Even if you possess near-infinite entrepreneurial spirit, chances are that you’ll run into some roadblocks along the way. Whether these obstacles are based in logistics of strategy and implementation of your business model, or even issues with the very products and services you offer, most of these problems can be solved with financial influx.
Don’t expect practice of the law to be exempt from any of the ongoing digital transformations. There’s actually an abundance of new technology that stands a good chance at revolutionizing how we study, practice and interpret the law — in the U.S. and beyond. Here’s a look at some of the frontrunners.
In an article by the Stanford Social Innovation Review, the authors addressed a recent study from the Bridgespan Group that identified an innovation in the nonprofit sector. Although 80% of nonprofit leaders consider innovation an imperative, only 40% of those leaders consider their organization ready for innovation. SSIR went on to discuss the six characteristics that empower nonprofit innovation.
Businesses are always on the lookout for the next best idea that will help skyrocket them to success – but, once you’ve found this new idea, how do you put it into motion?
Businesses must adapt and innovate to succeed in today’s marketplace. However, innovation is not a part-time undertaking. It’s the foundation for effective organizational management and taps into the creative power of staff members.
Organizations need to invest in the cultivation of capacity for innovation and recognize innovators with varying talent and strengths.
Everything is derivative. Take advantage of that. “New” ideas are the next step in an extensive network of existing people and ideas. If we can get the data and reconstruct the network, we can analyze it and understand where branches of a network have the potential for innovation. Great ideas do not need to be created. They can be discovered.
Innovation is one of the main ways in which a business can differentiate itself from the competition. Innovation could take place by improving business processes or by entering new markets after upgrading current product and service offerings. To be innovative, companies need creative employees who have the ability to transform ideas into reality.
When IdeaScale put out a call for speakers at this year’s Open Nation (the annual innovation conference hosted by IdeaScale), we were pleased to see an influx of interest from some surprising sectors.
There is no arguing that in today’s marketplace companies must innovate to survive. There is more pressure now than at any other time in history for innovation, especially if companies want to be industry leaders. This is because rapidly changing technology is continually driving changes in markets and shifting trends in customer behavior and expectations.
Locked with the President of my country, Cyril Ramaphosa, in what was already a ‘do-not-disturb, bromance-in-progress’ kind of moment, he must have developed an on-the-spot inkling that our intimacy stands to grow by leaps and bounds if he were to somehow ask me what I do for a living. And in not so many words, I said what I say to just about anyone – from Long-Rich Sales Reps – to Twitter Bios – right up to C-Suite level, thick-necked folk: “I chase rats for a living.”