risk management

  • build-fast-and-efficient-innovation-team

    Build a Fast and Efficient Innovation Team

    May 14, 2015 | By: | In: The Innovation Formula

    Since we’re obliged to pursue innovation in a competitive marketplace, speed matters. In fact, it matters a great deal, for your competitors aren’t waiting, and you cannot afford to allow them to get too far ahead. The faster you recognize new trends, threats, and opportunities, the faster great ideas get discovered and created, the faster they get to market, the faster you earn money, build brand, and extend the relevance and reach of your firm into the future.

  • designing-your-innovation-portfolio

    Designing Your Innovation Portfolio

    May 11, 2015 | By: | In: The Innovation Formula

    The process of designing and developing your own innovation portfolios occurs as a series of steps that are described in a sequence because the output of one step will help you to think about the subsequent ones. The process builds towards design conclusions and decisions about the choices you’ll have to make, and then the investments that will back them up. In this chapter excerpt, Langdon Morris walks us through the process.

  • innovation-formula_managing-risk

    Managing Risk with Your Innovation Portfolio

    May 7, 2015 | By: | In: The Innovation Formula

    Probably the single greatest threat to most small businesses is “concentration risk,” also known as “keeping all your eggs in one basket.” In this chapter excerpt of of The Innovation Formula Langdon Morris discusses innovation portfolio design, and how it translates the goals and intents of your aims and strategy into a set of risk-managed innovation projects.

  • innovation-formula-risk-great-ideas-your-business-model

    Risk, Great Ideas, and Your Business Model

    May 4, 2015 | By: | In: The Innovation Formula

    Where do great ideas come from? Obviously they come from many sources, which means that your systematic innovation process has to support and sustain multiple efforts at ideation in parallel. In the following article we will explore some promising ways that you may be able to find ideas that will take your own business forward.

  • elements-of-the-innovation-formula

    Elements of The Innovation Formula

    April 23, 2015 | By: | In: The Innovation Formula

    In the first chapter of The Innovation Formula for small business leaders and entrepreneurs, Langdon Morris explained the importance of questions and maps that describe competition, change, the future, innovation and strategy that are intended to help you understand the significant forces that are shaping business today, and to harness the ones that are already shaping tomorrow. In the second chapter, we look at a third core element that this book is organized around, which is the innovation formula.

  • the-innovation-formula-sme-serialized-book

    Innovation in the SME and Entrepreneurial Context

    April 21, 2015 | By: | In: Support for SMEs, The Innovation Formula

    Innovation is as important for small business as for large ones, but most of the books and other writings available focus on the big firms. In his new book The Innovation Formula, Langdon Morris provides insights for the small business leader or entrepreneur about how to be fantastically successful at innovation even with very limited time and capital to invest.

  • germany-innovation-jam

    Germany’s Innovation Jam

    April 20, 2015 | By: | In: Organization & Culture

    Is Germany loosing the connection to today’s speed of change? In his new book “Germany’s Innovation Jam – How we create a new generation of founders,” Author Jürgen Stäudtner looks at German innovation pitfalls and corresponding resolutions.

  • Agile_innovation_book_secret-sauce

    The Secret Sauce of Innovation

    January 22, 2015 | By: | In: Agile Innovation

    Could it be that today’s pervasive bad news, the news that causes everyone else to moan and complain—the economic malaise, the chaos that the digital revolution created, the impacts of outsourcing, political instability, global competition—can offer amazing opportunities to out- distance your competition? In this second chapter excerpt from the new book, Agile Innovation, Langdon Morris explores innovation-under-duress.

  • Agile Innovation

    Agile Innovation: The Revolutionary Approach to Accelerate Success, Inspire Engagement, and Ignite Creativity

    January 12, 2015 | By: | In: Agile Innovation, Strategies

    Charles Darwin said it quite well: “In the long history of humankind (and animal kind, too) those who learned to collaborate and improvise most effectively have prevailed.” Innovation, collaboration, and improvisation are indeed essential forces shaping all of business and all of modern life, and they’ve become vitally important for the individual, the organization, and indeed for all of society.

  • methods-of-measuring-ideas-for-innovation

    Methods of Measuring Ideas for Innovation

    October 23, 2014 | By: | In: Life Cycle Processes

    Turning ideas into numbers and knowing the characteristics of the Ideal Idea (0.00iur) is like having a compass and knowing the safe harbor where the minimal risks of innovation converge. Mathematically identifying desired ideas by users, extracted from simplified mathematical formulas, is the Holy Grail that eliminates uncertainties and passionate discussions, which are unhelpful in choosing ideas.

  • Scared Business Man

    Intrapreneurship: From Playing Hide and Seek to The Dismantling of Classic Hierarchy. Where are You At?

    October 8, 2014 | By: | In: Organization & Culture

    We bet you hear the word innovation at least a dozen times a day, if not more. Every single company seems to be thinking of, planning for, and somehow doing innovation in some way. With so many ideas, frameworks and success stories, how can you cut through the noise and capture what’s most relevant for your company?

  • What Cleaning Your Closet Can Teach You About Complexity In The Workplace

    What Cleaning Your Closet Can Teach You About Complexity In The Workplace

    December 20, 2013 | By: | In: Organization & Culture

    Is your workplace cluttered? Not in the physical sense, but the figurative one. Do you have a bunch of old tasks and procedures taking up space without adding much value? Just like you have to dig through your closet every so often and get rid of questionable items that you once thought were good purchases, sometimes you have to assess the mental clutter that has built up in the workplace over time and recognize when policies have gone out of style. Tasks and rules that were once must-haves can build exponentially and increase complexity until employees have time for little else, like innovation.

  • Brag about Your Failures

    Brag about Your Failures

    December 3, 2013 | By: | In: Organization & Culture

    Many organizations in both the public and private sectors suffer from a corporate culture which is risk averse and fearful of failure. People are reluctant to try new things or even to suggest innovations. They remember old stories about colleagues being punished for experiments that failed. They have learnt that it is safest to keep a low profile and focus on standard operating procedures. Mean while the executive committee is desperately trying to think of ways to make the outfit more agile and innovative.

  • PharmaX, the CEO’s Dilemma and Open Innovation – Part 3

    PharmaX, the CEO’s Dilemma and Open Innovation – Part 3

    September 24, 2013 | By: | In: Strategies

    In Parts 1 & 2, Gordon, newly appointed CEO of PharmaX, is confronted with a serious innovation gap in the next 5 years. His pipeline of projects is quality but high risk. From an arm’s length point of view, he sees that he has 3 options: business as usual, R&D budget cutting or rethink the way PharmaX assets are being used to redefine a new strategy. In Part 3 we will see how Gordon draws on his experience in customer needs driven innovation and managing his team, to carve out a daring innovation program.

  • PharmaX, the CEO’s Dilemma and Open Innovation – Part 2

    PharmaX, the CEO’s Dilemma and Open Innovation – Part 2

    September 18, 2013 | By: | In: Strategies

    In the first installment, Gordon the newly appointed CEO at Pharmax is confronted with an innovation gap of 5 years. Certainly, the potential of the portfolio is high, but the risks are even higher. With market pressure breathing down his neck, Gordon tries to make sense of the options that he has and make the right decisions.

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