Author Archives: Paul Hobcraft

What is the Missing Cost of Not Innovating?

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The cost of not Innovating is the estimated dollar value your competitors have gained and that you have failed to capture through your own innovation efforts and this strikes more at the core of the need for ensuring innovation is well-managed and supported. The cost of not innovating includes everything you miss when your innovation efforts aren’t focused on your entire business process.

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Shaping Innovation – two sides of the equation

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The importance of focusing on providing the right environment and conditions through clear governance make up the formal and informal part of fostering innovation. We often forget to put considerable thinking through these aspects when we build any innovation management system. I’d like to explore these two sides of the equation: environment and governance.

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Managing Dogma, Mindsets and Needs

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Sometimes you would be amazed at the underlying tensions that occur when you get into those discussions around the board table about how innovation contributes to strategic direction. Even managing the present portfolio of innovation initiatives get often so caught up in these underlying tensions, as it becomes another opportunity to open up the old wounds of bruising past battles and get back into those discussions again.

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