Tag Archives: Strategy

Keep Innovation Management Simple

Keep Innovation Management Simple

Innovation is the lifeblood of business growth.  Innovation management is also a process; a means of getting the right product to the right people at the right time. Yet all too often innovation management doesn’t work well.  It can be uncoordinated, out of sequence, either cutting corners or over-engineered.  Innovation initiatives often start with generating broad ideas out of context.  ...

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Has your Innovation Program Jumped the Shark?

Jump the Shark

  Innovation programs and systems are launched with a lot of fanfare but the sizzle will fizzle unless you properly nurture your innovation program and the underlying policies, processes and systems you use to help deliver better innovation results.  How can you avoid this from happening? “Jumping the shark” is attempting to draw attention to or create publicity for something ...

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Quality, Speed, and Cost: How to achieve all three in Innovation

Rear view of businesswoman holding gears in palm

Quality, Speed, and Cost. Pick Two. A long-standing belief across chemical and industrial product companies is that it’s not possible to rapidly produce low-cost, high-quality products. Many companies dedicate their best manufacturing equipment and people to quickly develop and launch a high-quality product, but these additional resources drive up costs unexpectedly. In other situations, management decides to deliver a very ...

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Innovation Misdirection

innovation-misdirection

Sometimes the fact you are keeping a trade secret is well known in the marketplace. Your product may work better than competitors’ products; you may have a price advantage; or others just cannot replicate your product. Competitors may be working hard to reverse engineer or replicate your secrets. If you want to protect your trade secrets you can use Innovation ...

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Going Back to the Garage: the rise of the Fintech intrapreneur

fintech

I recently attended a Fintech Meetup event involving 400 people present to hear the CEO of one of Australia’s four biggest banks speak about his innovation strategy. Unsurprisingly, it was to embrace innovation through technology and to create a people first culture. Interestingly, the people involved in organizing, hosting and even attending the event, seemed to be mostly ex-bankers, and ...

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How To Connect People To Drive Innovation

bimodalhr1

What is Bimodal People Management? It might be the next stage for your HR department. A new chapter that takes HR on an exciting journey of exploration into uncharted territory of business transformation. A new way of working that fosters creativity and connects more people than ever before. A new HR mindset that adds more value than ever before. What ...

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5 Practical Programs that Build Innovation

practicemakesprogress

As the business world is changing rapidly, the practical application of innovation programs can be confusing to organizations that are starting on an innovation path. Some methods are more useful than others depending on the goal of the organization and its particular strengths and weaknesses. Following are five of the most effective programs you can use to grow innovation. Internal ...

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15 Outspoken Quotes on Innovation

quotes

Yes, Innovation is extremely difficult. That’s why I love it actually. My personal goal is to spark innovation by making it less complex so you, your colleagues and/or clients will be able to innovate yourself. As blogger on innovation I have written more than 200 posts. I reread them to identify15 essential innovation messages. Being Dutch makes me kind of outspoken and ...

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What if We Listened to All of Our Stakeholders?

listen

For the past year, I’ve been working with a Baptist minister, Rev. Jeffrey Brown, to help fund and scale his proven approach to violence reduction. Rev. Brown has spent the past 25+ years helping Boston and 21 other communities reduce violence. His TED talk tells the story about the The Boston Miracle — a 29 consecutive month period of zero juvenile homicides. As ...

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