Industry

Turning the Innovation Tables

Innovation Excellence

Recently, I attended an interesting program co-sponsored by the University of North Carolina's health care innovation program and AARP. This got me thinking. We're doing corporate innovation all wrong, and the innovation sprint that UNC and AARP were conducting have got it right. Let's imagine for a second what this would look like in a corporate setting.

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It Takes More than a Big Idea to Change the World

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In 1882, just three years after he had almost literally shocked the world with his revolutionary lighting system, Thomas Edison opened his Pearl Street Station, the first commercial electrical distribution plant in the United States. By 1884 it was already servicing over 500 homes. Up till that point, electric light was mostly a curiosity. While a few of the mighty elite could ...

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CPG Brands Struggle as Consumers Demand ‘Supply Chain’ Transparency

honesty

Understanding consumer needs and demands and then adapting to them often requires companies to change their processes and innovate. In a recent podcast, AgFunderNews addressed how CPG brands are struggling to be transparent throughout the supply chain. As consumers shift and become more socially and environmentally responsible, Fortune 500 companies and startups are seeking R&D consultants like PreScouter to uncover ...

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Innovation Risk & Return: Horizons, Uncertainty and the Teddy Bear Principle

Kevin-McFarthing-2

I’ve had a couple of interesting conversations recently focused on the strategic view of innovation using the 3 Horizons framework originally proposed by McKinsey, and the assessment of risk and return from innovation. The 3 Horizons approach can be used to manage different areas of future business concurrently, albeit with different managerial approaches given the different requirements and characteristics.

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