Category: Innovation Perspectives
An increasing number of companies use crowdsourcing today, tasking the crowd to come up with creative solutions to their corporate problems. But this open, company-initiated approach has drawbacks, like the uncertainty of crowd response, the temporary nature of the relationship or the identity clash that can arise when there is a poor fit with the identity or culture of the organization. Continue reading
We’ve all seen them. Suggestion boxes. But are they really innovative? Do they really provide companies with everything they need to capture suggestions and ideas? If you’re looking to evaluate the necessity of your suggestion box consider these four points for why idea management software can beat a suggestion box… Continue reading
Innovation and Inspiration from a 7-year-old Continue reading
Sometimes it makes sense for companies not to innovate. Continue reading
The World Economic Forum begins agenda for this year’s meeting in Davos, taking place between 23rd to 27th January, 2013 and saw Innovation is back on the agenda, big time. The agenda is a collective ‘innovation tour de force’ to solve all of our current ills for our leaders to work through, to begin to find all the solutions necessary. Continue reading
The cost of not Innovating is the estimated dollar value your competitors have gained and that you have failed to capture through your own innovation efforts and this strikes more at the core of the need for ensuring innovation is well-managed and supported. The cost of not innovating includes everything you miss when your innovation efforts aren’t focused on your entire business process. Continue reading
It never ceases to amaze me. I’m meeting with the executive committee of a major global company. I’ve just asked if innovation is one of their top strategic priorities. Their unanimous answer is “yes”. I then ask about their individual responsibilities. “Which one of you is the CFO?” “Who is head of HR?” “Where’s the CIO?” One by one their hands go up. Yet when I ask to see their global director of innovation, nobody raises a hand. Continue reading
