In this in-depth article Haydn Shaughnessy discusses why traditional ROI decision making is becoming irrelevant and how options planning is a key element of competitiveness. In these uncertain times firms need to recognise and analyse their options thoroughly in order to be ready for inevitable change.
The importance of innovation for organizations to remain competitive is widely discussed and well accepted by scholars and practicing managers. However, failures in innovation attempts are quite common and raise many questions. Why do firms with innovative products fail? Does market acceptance of innovations alone guarantee continuous success? Is it innovation strategy that can ensure long-term prosperity? One can argue that it is not only how to innovate that matters, but also where, what and when to innovate that make the difference.
Are you trying to transform something? Most of us are. In fact, data shows that at least 68% of organisations have moderate to significant transformations in their 2-3 year plan. In this short talk, Penny Weller, Senior Director at the Hackett Group, talks about continuous process improvement and strategies to create sustainable transformations and improvements your business and in the world around you.
September 13, 2016 | By: InnovationManagement | In:
Creating New Intersections & Creative Niches to Drive Growth & Innovation Across the Enterprise In an age where the world and all it has to offer are accessible by fingertip, identifying new business intersections and opportunities for innovation is an increasingly difficult task. To sustain a competitive edge, companies have to drive innovation internally, bridge […]
Innovation is about moving an organization forward. But many companies are trying to get there without an execution plan; without any way to assess the how, why, where, what and when, and to adjust when the unexpected comes along (as it always does). Those involved with innovation planning are increasingly understanding that the answers are found in product line roadmapping – a critical front-end process that has finally come of age.
The innovation system described in The Innovation Master Plan provides a comprehensive approach to a difficult, challenging, and significant problem for organizations, the problem of how to manage innovation in the face of excruciating change.
An interview with Mathias Kirchmer, one of the authors of Value – Driven Business Process Management: The Value-Switch for Lasting Competitive Advantage, published by McGraw Hill. Mr. Kirchmer is the managing director for Business Process Management at Accenture, a global management consulting, technology services and outsourcing company.
With over 400 million Google hits, “innovation” may be considered a buzzword, some entrepreneurs may even avoid talking about it, but they’re certainly practicing it! This article takes a closer look at an example of process innovation in the service industry. Understanding it better offers the possibility of spotting a large range of opportunities and converting them into business successes.
Innovation in the area of financial services has undergone increased criticism since the start of the difficulties in international banking. This has fueled a general negative perception of innovation in financial services. In this article Dr. Anne-Laure Mention argues that innovation is not something to be feared as such, actually it is a driver of competitiveness and that the full benefits for society might not yet be visible.