Tag Archives: future

For whom do you create new products?

Woman Hand Picks Symbol Business Man From Row Of Businessmen

According to AcuPoll more than 95-percent of new products fail each year. This harrowing statistic should sound an alarm, one that says the way we approach the conceptualization and launch of new products does not work. Every year, billions of dollars shrivel down to zero. Careers and jobs lost. So much talent and energy gets wasted in the misdirected compulsion ...

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2020 Tipping Point: A New Era of Innovation

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  For the past 20 or 30 years, innovation, especially in the digital space, has been fairly straightforward. We could rely on technology to improve at a foreseeable pace and that allowed us to predict, with a high degree of certainty, what would be possible in the years to come. That led most innovation efforts to be focused on applications, with ...

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Culture is the Key Indicator of Innovation

idsl-nicolasgaudron-virginiacruz-cumulusdigitalculture-net1-300x180

An odd dynamic is taking place among the C-suite of many companies. They demand more innovation from the organization without really knowing what that means and the implications it has for the organization. Innovation requires a change in the organization, but leaders are too often unwilling to do what is required to make the changes. When an organization needs more ...

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Understanding Emerging Innovation by Reviewing the Past

We tend to be very short-sighted, we corporate executives. Our lifespans are relatively brief, all things considered. There are over 240 years since the founding of the United States, and using a 20-year cycle for generations that suggest approximately 12 generations of people during that brief window. Most of us work for approximately 40 years, but we rarely consider the events or ...

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Innovation Is The Only True Way To Create Value

return-on-innovation

In The Outsiders, William Thorndike argues that the most essential skill for a manager is capital allocation. To prove his point, he profiles CEOs such as Henry Singleton of Teledyne and John Malone of TCI who, while not household names, achieved outsized returns by wisely deploying their firm’s resources. Thorndike also points out that most CEOs get their jobs not through exhibiting financial ...

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Thinking Through a Crowdsourcing Initiative [2/3]

thinking-crowds

Crowdsourcing does have a real potential in my mind but does seem to have some formidable issues to work through, to be well understood and managed. Partnering with experts in this field will help overcome many of these barriers or at least have reassuring suggestions for resolving them. Let’s take a look at some of these here in this post. ...

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Where is the Crowdsourcing Movement Heading? [1/3]

Business People Light Bulb Innovation Jigsaw Togetherness Concepts

Author’s note: This is a three-part series. Crowdsourcing has been growing in interest for some time to change our thinking in innovation discovery. It can hold a key for us to help solve vexing questions, real challenges, and connect different voices, that builds into a community that can combine and open up the fields of opportunity for new solutions. Crowdsourcing ...

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