Have an idea? What’s next?

During residency, Dr. Jones, realized there were many surgical problems that needed innovative solutions. During his chief year of residency, he started his first company and created and acquired patents around a more convenient surgical instrument. While working on this project, he identified several other clinical problems that needed to be solved and began to add to his portfolio of products. ...

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Don’t Bet On Someone Else’s Success Story

Every bold new business idea starts with a success story. Either it is a single organization or an aggregate sample that implemented a particular strategy and achieved outstanding results. That solid track record helps to convince others to adopt it, yet somehow the new management fad fails to deliver as promised. The problem is often one of survivorship bias. While ...

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Try this Ideation Method – The Ideas Exchange

The Ideas Exchange is a brainstorm method which works well for larger groups.   It is easy to run, quick and effective.  This is the procedure: The problem is clearly stated. Everyone is given two colored cards (or post-it notes). Say one white and one pink. Working silently and individually they write down a sensible idea to solve the problem ...

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5 Tips for Innovative Designs

innovative designs

Tip #1 for Innovative Designs: There Are No Small Changes Innovative designs mean change, right? Often, yes, but caution is in order, “We want to limit the length of a review in the product to 140 characters, because we may want to use SMS at some stage. That’s a small change, right?” A stakeholder remark as recounted in There’s no ...

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Why Winning a Trade War Can Lose the U.S. Battle over Innovation

For years, American companies have complained that foreign competitors, the Japanese in the past, and more recently, the Chinese, were stealing, borrowing, and copying intellectual properties. These complaints against copycats that foreign theft of American trade secrets runs up an estimated cost of “between $225 billion and $600 billion annually,” according to the United States Trade Representative, is not entirely ...

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Embody the Problems to Discover Innovation

Much of the work of innovation takes place trying to deeply understand the unmet needs of a particular market. As one Innovation school of thought calls it, what are the “jobs to be done?” Discerning these needs, these undone jobs, takes more empathy than data, more heart than head, and it takes a real investment of time and attention. To ...

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Testing Your Strategy – Does it nest?

A few days ago, as I was waiting for an item I purchased in my local Apple store to be brought out to me from the back of the store, I had the opportunity to observe Apple’s frontline strategy be played out in front of me. It revolved around another floor associate assisting a gentleman considering the purchase of an ...

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Accelerating Corporate Startups at Telekom UQBATE

ChallengeUp Team

Johannes Nuenning is VP of the Deutsche Telekom incubator, targeting employees who want to realize their idea, and become entrepreneurs: yes, en-trepreneur, and not necessarily in-trapreneur! Johannes acts as business angel for corporate entrepreneurs, developing entrepreneurship, and creativity mindsets within this large corporation. He kindly takes us through the mission, and the organization of this ambitious accelerator. Attracting, and supporting ...

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Innovation Isn’t About Control, But Access

Completed in 1928, Henry Ford’s River Rouge plant was a marvel of its age. It was almost 100% vertically integrated, even producing its own steel and by the 1930s over 100,000 employees worked there, producing nearly every component for the cars that Ford built. It was, at the time, considered to be a key advantage. Nobody makes factories like that ...

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