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A recent report from Grant Thornton surveyed corporations worldwide to determine where they found their innovative ideas. The study revealed that customers were now the leading source of ideas for new products and services.
One of the commonest barriers to innovation is lack of time. People are just too busy doing their day job to spend time trying new things.
Is innovation some chance occurrence that comes in a flash of brilliance by the CEO? Is it the domain of just a handful of creative geniuses?
We live in a world with information overload.
The fear of 'cannibalisation' has prevented many a promising idea.
Cass BSc Management : A list of 15 items by Kimon Mikroulis
Even as the processing power and download speeds of mobile devices surge, one component still lags behind: the screen. LCD panels use significantly more power than any other component of a phone or tablet because of their need to pump out bright light to form an image. The only practical alternative is e-ink, the technology used in the Amazon Kindle; it consumes orders of magnitude less power but sacrifices color and the ability to change images fast enough for video playback or smooth game play. Now, after years of waiting, alternative technology that promises the best of both approaches is finally edging closer to commercialization.
I facilitate creative thinking sessions for major corporate customers and it is sometimes a challenge to displace the delegates out of their conventional ways of thinking.
What are the key challenges for corporate innovation units?
The elements that make up a truly innovative company are many: a focused innovation strategy, a winning overall business strategy, deep customer insight, great talent, and the right set of capabilities to achieve successful execution. More important than any of the individual elements, however, is the role played by corporate culture — the organization’s self-sustaining patterns of behaving, feeling, thinking, and believing — in tying them all together.
Leaders constantly strive to increase efficiency, improve quality, implement best practice and deliver increased performance.
by Saul Kaplan | 12:41 PM October 21, 2011 Business model innovation is the new strategic imperative—by now, this is becoming more generally acknowledged.
The clip, which has been making its way around the 'net since its debut this weekend, was taken at the 2011 ASTC conference, a gathering of sciencefolk in Baltimore, Maryland designed to demonstrate "how science centers and museums are putting new ideas to practical use to serve their communities."
I recently ran an Ideas Jam for the Innovation Unit at the British Quality Foundation (BQF). It consisted of an intensive idea generation session among a group who had not previously met.
Here is a report drawn up by the IMF, OECD and the UN to rank international innovation competitiveness. The authors constructed an Innovation Capacity Index (ICI) that draws on a range of available data to correlate the wide-ranging set of relevant factors, policies, and institutional characteristics which play a central role in boosting a nation's capacity for innovation. In its 2010/11 edition, the ICI covers 131 countries and identifies over 60 factors that are seen to have a bearing on a country's ability to create an environment that encourages innovation, such as a nation's institutional environment, human capital endowment, the presence of social inclusion, the regulatory and legal framework, the infrastructure for research and development, and the adoption and use of information and communication technologies, among others.