Innovation

Trend-driven Innovation for Product Managers

Consumer Trends

Smart product managers study trends and innovate accordingly. This is trend-driven innovation. Uber’s success is an excellent example of trend-driven innovation. It made transportation more convenient and also made earning money easier for drivers. Both were possible due to changes in perceptions of sharing – a trend that became known as the sharing economy. Trends can be a product manager’s ...

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Learning to forget the past

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Overcoming the 'way we do things' is a key ingredient to successful innovation, but it's one that few organizatiosn do well. This article looks at how you can successfully overcome the past to help you craft the future.

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Innovations of the Incas – Part II

Innovations of the Incas – Part I

I recently wrote about innovation lessons from the Inca citadel at Machu Picchu in Peru.  This article focuses on other Incan innovations from Machu Picchu and elsewhere in Peru.  As mentioned in the previous article, some scholars believe that the purpose of the site at Machu Picchu was to serve as a research station for the Incas as they expanded their ...

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The Dysfunctional Innovation Ecosystem

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We naturally think an ecosystem should be positive or encouraging toward their end goal and naturally evolve to support their stated purpose. However, innovation tends to be different. If left unchecked or allowed to evolve on its own, innovation within an organization tends to become an innovation prevention program instead of a positive ecosystem to encourage or nurture innovation. Without ...

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How to Innovate with the Crowd

How to Innovate with the Crowd

Emilie Ruiz is a researcher at IREGE, University Savoie Mont Blanc, France. Hereafter she shares some key lessons on how corporations can set-up a crowdinnovation platform, and maximize its benefits, streamlining the adoption of the platform externally and internally through key success factors. Moreover she identifies when the adoption factors matter along the process. Imagine with Orange was lucky to be ...

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How Many Types of Innovation are there?

Ten Types of Innovation

The simplest way to categorize innovation is into two types – incremental and radical.    Incremental innovation is an improvement in an existing thing (e.g. product, process or service).  Radical innovation is finding an entirely new way of doing something.  For example if you had been making spectacles in the 1950s then plastic lenses instead of glass lenses would have been ...

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There Is No One True Path To Innovation

There Is No One True Path To Innovation

Innovation has become like a religion in business today, with “innovate or die” as its mantra. When a company succeeds, people attribute its good fortune to superior innovation. When it fails, people say it lacked the ability to innovate, no matter how many new products it launched. The message is simple: you need to disrupt to survive. So it shouldn’t ...

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3 Business Innovation Reports You Must Read Right Now

microsoft.com

The following business innovation reports cover three core elements that consistently prove important to success: developing a certain kind of company culture; the connection between data, legislature, challenges, and opportunities; and finally, emerging business trends that continuously impact enterprise innovation programs.

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