Stop idea hunting for innovation Creating breakthrough innovation is still the holy grail or even a mystery to most innovation teams. It is perceived as random, serendipity, and accidental. Hoping to get innovative solutions that transforms markets from some magical “ideas,” means waiting for a coincidence, but winning the lottery would have far more chances […]
When venturing out for ideas on how to create innovation, enterprises may explore the idea of acquiring startups to get innovative minds and a complete team. It seems like a quick way to get innovative ideas that can be integrated into the corporation. Essentially the old make or buy decision. However, of 1,000 acquisitions, less […]
Innovation Market Dynamics Before starting to innovate, it makes sense to understand the general market dynamics for innovative solutions. For decades, enterprises struggled when their innovative solutions did not take off within 12 to 24 months and killed the projects. Little was known about innovation diffusion. Everett Rogers coined the term in 1966 but the […]
From the 4th Innovation Thought Leader Roundtable Culture development is an ongoing topic that keeps coming back in every roundtable. A lot of progress has been made yet, CULTURE is something that neither can’t be created nor changed overnight. Another interesting topic surfaced at the last Innovation Thought Leader roundtable: Unrealistic and non-substantiated expectations regarding […]
It takes unique cognitive abilities or so-called soft skills or talents to get you to groundbreaking innovation. Talents or Soft Skills matters – in some cases, even more than hard skills. One of those cases is with Innovation Development. Creating a groundbreaking innovation needs a new perspective, open-mindedness, creativity, courage, and other cognitive abilities deeply […]
You have a new business idea. You are so excited that it quickly becomes your best-kept secret. You get almost paranoid about somebody stealing this great concept that apparently nobody else figured out yet. Now – one day you have to share the secret, when you hire somebody helping you to build the product or […]
The different innovation flavors and terms are confusing and oftentimes are only used to distract from an inability to innovate. But what is the meaning and how can you focus on genuine innovation. Groundbreaking vs. Disruptive innovation Those two flavors of innovation are rather close. Yet, when looking under the hood, there is a slight […]
In this post, we want to go beyond the typical aspects of innovation culture-building. We simply assume you know that innovation is one of the most demanding jobs, and it needs extraordinary talents to make innovation happen. Many aspects of Motivation, Empowerment, Inspiration, Failure as a way of learning, and a clear innovation mandate are […]
Enterprises don’t need to fear disrupters, but the disruption in the capital market A growing number of enterprises feel the headwind from capital markets. Up and coming businesses get valuations far above conventional businesses that may be more than ten times as big. Those warning signals all too often are simply ignored. But that could […]