By: Pavel Novik When it comes to innovation in an enterprise setting, the majority of attention usually goes to all the exciting things. The bold ideas, the grand technological possibilities, the potential benefits of digital and structural transformation, the trailblazing. It’s an attractive angle, and a quite understandable one, too: the concept of innovation itself has such imaginative, ‘liberating’ connotations…
By: Joost Korver / Mathieu Carenzo / Prof. Antonio Davila Entrepreneurs deal with high levels of uncertainty; probably more than any other business. The more disruptive the startup, the higher the level of uncertainty. Will the customers buy? How do we reach them? Will we be able to sell at a profit? Will our partners do their part? Who is…
By: Mike Pinder The whiplash journey of Mattel’s beloved kids’ toy range perfectly sums up the fundamentals and key challenges of managing continuous, successful corporate innovation. And now for something a bit different: key lessons from the history of Mattel’s kids toy range, He-Man and the Masters of the Universe. The brand’s journey perfectly demonstrates the fundamentals and challenges of…
By: Arvind Rongala Enterprises need to innovate to stay relevant amidst technology advancements, a competitive business environment and demanding customer expectations. Design Thinking shows the way. Innovation does not happen in quiet cabins of lone strategists in higher corporate echelons. Innovation is possible when leaders step out to rediscover the consumer/user/customer; it is only when you step into their shoes/skin…
By: Rob Hoehn With the rise of the innovation department, numerous organizations are focusing their attention on their company’s ideation rate. A good ideation rate generally predicts other positive company health indicators: profitability, higher employee retention rates, reported customer success, but there’s another innovation health indicator that we think organizations should pay attention to: their implementation rate. Implementation rate is…
By: Noah Rue Organizations maintain and manage many different kinds of resources. Managing them can get complicated, considering all of their components and the potential risks that they bring. Not only do they have to be allocated properly, but there need to be safety nets set in place for potential mistakes and legal consequences. Resource management must be innovative enough…
