Product costs, without product thinking, drop 2% per year. With product thinking, product costs fall by 50%, and while your competitors’ profit margins drift downward, yours are too high to track by conventional methods. And your company.. Continue reading
Recently Arthur D Little provided their latest innovation excellence study, its 8th Global Innovation Excellence Study, into what companies can do to achieve a better return on their investment in innovation management. Continue reading
I’m sure I’m not the only one who feels that way and other people will jump at the chance to be the “fresh pair of eyes”, no? Another good source of “fresh pair of eyes” that might be easily discarded by seasoned managers are: interns and new grads. That’s a mistake to me. Give them a chance to absorb enough knowledge so that they understand the subject matter. But also elicit their feedback, ideas, comments and opinions, early and often. Be open-minded and listen to what they have to say. Continue reading
The pervasive lack of enthusiasm or even awareness of time in regards to innovation is a constant source of amazement for me. In organizations transfixed by time, speed and efficiency, innovation and product development are often the slowest out of the gate, the longest efforts to accomplish and seem completely unrelated to the real world. Continue reading
In our digital world, social relations have become mediated by data. Without even realizing it, we’re barricading ourselves against strangeness — people and ideas that don’t fit the patterns of who we already know, what we already like and where we’ve already been. A call for technology to deliver us to what and who we need, even if it’s unfamiliar. Continue reading
A journey of a thousand miles starts with a single step, as the saying goes. The same is true for innovation. Yet much of the writing on innovation is about leaps, major technological breakthroughs that transform or disrupt markets. Isn’t it all about Apple and Edison? Continue reading
Keith Yamashita is considered one of the most influential consultants in the world and one of our very favorite BIF Summit storytellers. He took the #BIF6 Summit stage with several questions: Is it really worth daring to be great? Watch his story and follow the inspiration at the #BIF9 Summit. Continue reading
