Why Corporate-Startup Collaboration is Trending and How to Make it Work Innov8rs / Innovating with startups and scaleups is just one of the many facets of open innovation. Still, corporate-startup collaboration remains of its most “alluring” modes. The reason is twofold. First, the attributes, know-how and networks of startups can be highly sought after. Second, this type of collaboration promises to be a universal panacea, “curing” ailments such as: wicked problems in the…
Commitment To Innovation Leads To 2.4x More Profit Innov8rs / Have you ever had to prove or justify your spending on innovation? Research by McKinsey shows that a high commitment to innovation is correlated to 2.4x better financial performance. In this piece we will explore how you can take the first steps towards achieving it. In times of financial hardship, companies react differently. While some press «pause” when it comes to innovation, others press…
20 Reasons Why People Get Their Best Ideas in the Shower The Heart of Innovation / During the past 25 years, I’ve asked more than 10,000 people where and when they get their best ideas. I get all kinds of answers, but the one that has always fascinated me is «the shower» — maybe because I also get so many of my good ideas there. And so, at the risk of overstating my case, I hereby offer you 20 reasons WHY the shower is so conducive to idea generation. 1. Showering signals «a…
Is your market large enough? Idea to Value / Scalpels for left-handed surgeons. Energy bars for vegan ultra-marathon runners. Lightweight, customised harness belts for speed-climbers. Replicas of the world’s most famous buildings for tropical fish aquariums. A social network for billionaires. All of the ideas above might be possible high-quality products, which would be extremely sought-after by the target market. They might perform better…
Podcast S5E119: Aidan McCullen – Metamorphosis and reinvention in innovation Idea to Value / In today’s episode of the Idea to Value Podcast, we speak with bestselling innovation author , facilitator and award winning innovation podcast host Aidan McCullen. We speak about reinvention and how it applies to innovation, as well as the power of using metaphors. Topics covered in this episode: 00:01:30 – Aidan’s history playing professional rugby, and how this led to him having to transform a…
The Creative Cliff Illusion Idea to Value / When do you have your best ideas: Right at the beginning of creative work, or later on when you are exhausted? Interesting new research sheds a light on how you might be wrong about your own creative process . Brian J. Lucas and Loran F. Nordgren wanted to study at what point people expected to be their most creative, and when they actually produced their most creative work. Throughout a series o…
How Low and Middle-Income Countries Are Innovating to Combat Covid HBR.org / Seven lessons for innovators everywhere.
SWICH – The Six Week Innovation Challenge InnovationManagement / The Six Week Innovation Challenge is becoming the method of choice in corporates. And it’s not only innovators who love the sprint – leaders embrace it just as much. The post appeared first on InnovationManagement.
How to Jump Start Organizational Innovation During Covid-19 The Heart of Innovation / Covid-19 hasn’t just disrupted businesses around the world, it has also disrupted their ability to innovate. And one of the biggest reasons WHY can be traced to one simple factor: isolation. With most people working from home and scrambling to survive, the opportunities for «thought partners» to connect with each other in meaningful ways have radically declined — and along with it opportunities…
An innovation pipeline should not be an innovation pipe Idea to Value / One aspect of any successful innovation portfolio is the way you manage your pipeline of new ideas. Using a pipeline, you can take a large number of ideas you want to test, and quickly and cheaply prioritise those which are showing the most promise and progress. If you want to visualise it, it should look like a funnel, where a large number of ideas or projects are fed in the top, wide part of th
Leveraging Alien Thinking: Exclusive Interview with Cyril Bouquet, Jean-Louis Barsoux, and Michael Wade InnovationManagement / For the past decade, Cyril Bouquet, Jean-Louis Barsoux, and Michael Wade, professors of innovation and strategy at IMD Business School, have studied inventors, scientists, doctors, entrepreneurs, and artists. These people, or “aliens,” as the authors call them, are able to make leaps of creativity, and use five patterns of thinking that distinguish them from the rest of us. The post appeared…
Let’s Settle the Debate – Innovation Both Is & Is Not Everyone’s Job InnovationManagement / Is ‘innovation’ everyone’s job – as so many claim it is? Or is it not everyone’s job – as the counterargument goes? The reality is not quite so simple. Dive in as we examine the three cases of significance here – two in which innovation is everyone’s job, and one in which it isn’t. The post appeared first on InnovationManagement .
Not all ideas are good ideas Idea to Value / While this statement may seem like the most obvious thing in the world, it is amazing how often we don’t think through it rationally. The vast majority of ideas are actually not very good. And most of them are quite bad. This is especially true at the very beginning of ideas, when they are not yet fully formed, and most resemble ugly babies . Very few of these ideas will turn out to be truly…