innovation management
3 Businesses Creating Killer Innovations By Design
Creating solutions for problems is innovation at its core. However, as Einstein said, these solutions require thinking on a different level or in a different way. Sometimes this “different level” is referred to as “thinking outside of the box.” Unfortunately, this gives people the misconception that
Ingenuity in Action: 3 Companies That Inspire Us to Think Outside the Box
Businesses do not become leaders of their industry by sticking to the norm. In order to climb to the top, it takes a little (or even a lot) of creativity and ingenuity. It requires businesses to think outside of the box. Let’s take a look at three companies that have done just that. 1. […]
The Future of Innovation: Where Creativity Meets Data
Sir Arthur Conan Doyle developed one of the most creative fictional characters of all time, a character that inspires remake after remake in movies, television shows, and books. People can’t get enough of Sherlock Holmes. But the reason that Doyle was able to captivate audiences with Holmes is becau
The Economics of Innovation: Valuing Innovation as an Intangible Asset
The Austrian-born American economist, writer, and business consultant Peter Drucker wrote these words almost a half-century ago, and they still ring true today. Drucker had his finger on the pulse of corporate evolution and lived to see the truth of his words play out in global economic trends. “Alt
Are You Ready to Thrive in the Innovation Economy?
Henry Ford: the man, the myth, the legend. Ford was an innovator. He pushed society forward, not only with the original American automobile but also with an energized way to mass-produce on the assembly line. He was able to make his ideas become realities because of his mindset to surround himself w
Building a Business That Booms in the Innovation Economy
When Gary Hamel says, “Jump,” businesses ask, “How high?” Hamel is one of the greatest business thinkers of the present day, and The Wall Street Journal and Forbes agree. So when Hamel talks about how both business leaders and their teams need to be engaged in the innovation process in order to thri
The CEO Innovation Dilemma: Creating an Innovation Culture That Works
CEOs across America are facing a critical dilemma: how to keep up in today’s innovation economy. 97% of CEOs agree that innovation has grown increasingly important over the last 10 years, and 73% of those CEOs note that innovation plays an important role in determining the value of a company. The pr
3 Examples of How Poor Business Execution Can Impact Innovation
Many exciting innovative ideas fail. Why? One reason is the poor business execution of the idea. Lee Iacocca has had a few brilliant ideas over the course of his career. He spearheaded the development of some of the most classic Ford cars, like the Pinto and the Mustang, which is just one of the man
How Micromanagement Can Be the Death of Your BHAG
When you have started your own business and built it from the ground up, it’s normal to have a certain attachment to it and to feel like micromanagement is the only way to ensure things get done. After all, you know your company inside and out. You have a vision for it. You care about […]
3 Big Hairy Audacious Goals That Drove Game-Changing Innovations
Arnold H. Glasow would know. An entrepreneur of the Great Depression, Glasow set the goal of making everyone in America smile. And he did. He published humor magazine after humor magazine for 60 years. In fact, he was so good at it that publications like the Chicago Tribune, Forbes, and the Wall Str