At IdeaScale, we’ve learned that diversity combined with equity and inclusion leads to more innovative thinking: businesses that are run by culturally diverse teams are more likely to develop new products, 45% more likely to grow market share, and more likely to have a 2X innovation revenue. Diversity and Inclusion (D&I) isn’t a one-step process, nor one that can be…
A growing trend over the past several years has been to host internal innovation challenges. Companies do this because they find it’s an excellent way to find solutions to long-standing problems, positively create culture (particularly in a remote workplace), and also to nurture the budding intrapreneurs who want to find career growth and new opportunities. Xaxis is the world’s largest…
By: Paul Sloane Most new products and services are developments or combinations of […] Most new products and services are developments or combinations of existing offerings. But just adding features can lead to a product overloaded with ‘feature bloat’. Instead try giving with one hand and taking away with the other. Add something different and take away something of little…
By: Paul Van Zandt Innovating doesn’t just happen when inspiration strikes. In order to ensure forward progress, a business has to create a structure that stimulates innovation regularly. This structure will determine the rate and efficacy of overall innovation and is commonly known as an innovation strategy. This article will define innovation strategy, discuss how to create one, and outline…
Innovation is a paradox for management. On the one hand you are well aware that you have to take new roads before you reach the end of the present dead end street. On the other hand it is risky. It takes a lot of time. And it takes a lot of resources. Research shows that only one out of seven…
Before being acquired by Facebook for US$1 billion, Instagram was just another photo-sharing app operating with insignificant infrastructure and a dozen employees. With the ever-increasing potential of modern technology, the next billion-dollar business could start from the comfort of someone’s home. To stay on top, established organisations need to stimulate innovation… and that’s our topic today. Most established organisations try…
I recently participated in a panel session as part of a great conference organised by the Innov8rs group (thanks Hans!), with an amazing set of innovation leaders, including Gina O’Connor, John Metselaar, and Andrea Kates. During the one-hour session we covered a wide range of innovation topics, where we uncovered some divergent perspectives, which I’ve been reflecting on since. You…
This paper was originally published on smartinsights.com, the 11th of September, 2018. Republished here with permission from the author. Technological changes are one of the leading advocators to shape customer value. They are characterized by a process of social technological variations, rooted in different disciplines e.g., economics, sociology, and psychology. It implies that the competitive advantage is increasingly shaped by…
By: Kayla Matthews Integrity is regularly considered one of the top characteristics that a business leader can have — whether you’re asking employees or CFOs. Sometimes, however, business integrity is considered a cost or burden — a commitment that is almost guaranteed to make a business harder to run over time. Efficiency and integrity don’t have to be enemies —…
By: Anthony Ferrier In this series I’ve been critically examining the significant changes impacting the corporate innovation competency, which leads to how organisations drive future growth and impact. In the first article I critically examined how innovative impact remains a top priority for business leadership, but innovation professionals are (ironically) being disrupted. Other leaders from across the organisation (think digital,…
