The Eight Pillars of Innovation

Recent years have seen the unprecedented progression of digital advances, with artificial intelligence and virtual reality making the stuff of science fiction movies not quite as unrealistic as previously thought. Combine this with a new generation of employees and consumers harbouring fresh expectations and it is easy to understand why innovation is enjoying a renewed sense of necessity and urgency. ...

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Building Differentiating Capabilities for Innovation

We so often get caught up in the building of our capabilities. In some ways, I keep attempting to “peel the innovation onion” in explaining the need to focus on building the capabilities in different ways but to be honest, it needs these various approaches to an ever-changing environment. A different intensity of innovation onion perhaps? Why, well we have ...

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How to find the IDEAL problem

The 12 steps to biomedical innovation starts with being a problem seeker, not a problem solver. Eventually, to be successful, customer problems and solutions need to meld around a VAST business model i.e. one that is not just profitable, but that demonstrates: 1. Validity Regardless or which elements of your model you choose, they have to be valid. In other words, the dogs have to ...

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Innovation or Not? – Flyboard Air

For those of you out there who are comic book aficionados, you might be familiar with a super villain from the Spiderman series called the Green Goblin. One of the trademarks of the Green Goblin in addition to hand grenades that he liked to throw at people was a personal flying machine that he stood on and zoomed around the ...

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Four Myths About Innovation That Gurus Love To Tell

myths

Go to any innovation conference and you’re sure to be amazed. Someone will stand up on stage and show you how to unleash creativity in your organization, develop pathbreaking products and run circles around your competition. Step by step, you will be walked through the principles by which you will achieve success. This won’t be idle talk either. You will ...

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Ask “Should We” Not “Could We”

Desirability, Viability, Feasibility; the core tenets of Design Thinking, and oh, how the order matters! Every day, I work with engineers who are itching to build solutions to solve the problems they see. They love to create; in fact, you may say they were put on this earth for that very purpose. And then I come along, asking if they ...

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Do You Have a Powerful Innovation Story?

Many, but not all, innovations involve some kind of technology, and start as an invention. Many of these technology-based inventions that may eventually become innovations are created by startups, but many are created inside large companies as well. In both cases, these technology-based potential innovations are often created by engineers or technologists that are well-versed in the problems they are ...

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Startup Engagement in Corporate Innovation

Recently, Match-Maker Ventures and Arthur D. Little have released an interesting report, titled “The Age of Collaboration“. The study does a good job in synthesizing the global state of play of corporate-startup collaboration and latest findings on success requirements for its implementation. More and more corporations seek to engage with startups by pursuing corresponding activities across dedicated ecosystems and incorporating them in exploration units along with ...

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