Open Innovation

Have You Tried New Ways to Innovate?

After relying on cost and operational efficiencies to grow the bottom line, many businesses are emerging from an innovation slumber post-recession. Now there is an imperative to refocus on organic growth. The importance of innovation in driving this growth is resurfacing to the top of the agenda. For many organizations, there are some radically new behavioural, structural and operational models of meeting this challenge are gaining popularity.

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Why the Test & Learn Approach Does Not Work

Why the Test & Learn Approach Does Not Work - Innovation Excellence

The in-market test & learn approach to innovation is becoming increasingly common, because it meets the cultural needs of modern businesses to behave entrepreneurially. At The Strategy Distillery we believe (and have witnessed) this approach is life threatening to the future success of a newly launched product or service. Here's why...

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Looking at Closed versus Open Innovation

Is there any word more fundamental to the modern business lexicon than ‘innovation’? To say that it forms an important part of enterprise is probably an understatement. If we take renowned researcher John Seeley Brown’s definition, the very nature of doing business is an act of innovation: that is, innovation is invention — of any form—implemented and taken to market. ...

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The Ideas Problem

The Ideas Problem - Innovation Excellence

Ideas are the problem. I suspect many of you have heard this statement as often as I have. It’s usually translated as “we don’t have enough ideas”. Yet when you dig beneath the surface, you find that the bald statement isn’t always as it first appears. In this post, I’d like to offer some different translations of “Ideas are the problem”.

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A Dummies Guide for Innovation

Pierre d’Huy and Jérôme Lafon, both innovation teachers and consultants, share all the secrets of Innovation Management in their encyclopedic and brilliant book, A Dummies Guide for Innovation. All aspects of innovation are described in a simple and thrilling way, from innovation history, to innovation process, open innovation, user centric innovation, and a practical step-by-step approach to complete innovation from unfolding the idea down to implementation.

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