Companies have been using a variety of innovation methodologies and technologies to improve their innovation capabilities for more than a decade. Now, empirical research is identifying the ways that are the most effective. Is design thinking universally helpful to organizations across all industries? Or is it crowdsourcing? Or big-data analysis? Empirical research answers these [...]
Innovation remains a priority for CEOs because innovation improves business and financial outcomes. We learned from our extensive research over 20 years and the publishing of over 25 academic, peer-reviewed articles, and our consulting practice that highly innovative companies have seven traits. The most successful companies practice these traits tirelessly. Our research at InnovationOne reveals that [...]
The strategy shift framework, a new model for the practice of strategy, considers strategy and innovation as two sides of the same coin – conceptually exclusive, yet interdependent. At the core of the strategy shift framework is the 10 percent rule. Companies should reduce or eliminate activities of low value by 10 percent and [...]
With the pandemic and significant decline in revenues, executives know that they must innovate to survive these unprecedented times. But how? Many executives, however, have chosen to play it safe and secure, hunker down, and hoard cash. The problem with playing it safe is while you can cut costs to meet falling revenues, you [...]
Sponsors hope everyday ‘makers’ can jump-start progress in smartphone voice recognition, carbon emissions and new uses for canned tuna BY ROBERT LEE HOTZ, The Wall Street Journal, Dec. 10, 2016 Edgar Sarmiento of Bogotá, Colombia, had a new degree in design, a head full of ideas, and no place to put them into practice. [...]
