Feature Of The Week

The Eureka Moment Myth

In 1928, Alexander Fleming arrived at his lab to find that a mysterious mold had contaminated his Petri dishes and was eradicating the bacteria colonies he was trying to grow. Intrigued, he decided to study the mold. That’s how Fleming came to be known as the discoverer of penicillin. Fleming’s story is one that is told and retold because it ...

Read More »

Going Beyond the Prototype

Recently I had the opportunity to interview Douglas Ferguson, author of the new book Beyond the Prototype: A roadmap for navigating the fuzzy area between ideas and outcomes.. Douglas Ferguson is an entrepreneur and human-centered technologist with over 20 years of experience. He is president of Voltage Control, an Austin-based workshop agency that specializes in Design Sprints and innovation workshops. ...

Read More »

How to Manage Early Stage Innovation

Product concepts are the lifeblood of your company. Flowing through your company’s system, like blood through the veins of a human body, new product concepts are the future of your company’s health and the source of its growth. Unfortunately, many companies lack a strategic planning process for innovation, or they manage it poorly. Too many companies insist that the early ...

Read More »

Are Petrol Stations the Future of Starbucks?

Recently the Seattle Times published an article from the Washington Post highlighting a gas station in Maryland that has made the bold move of turning off its gas pumps and installing electric charging stations in their place. Which got me thinking… Given that in the early days of automobiles you had to go to the pharmacy and buy gasoline in ...

Read More »

Top 20 Innovation Articles of September 2019

Drum roll please… At the beginning of each month we will profile the twenty posts from the previous month that generated the most traffic to Innovation Excellence. We also publish a weekly Top 8 as part of our FREE email newsletter. Did your favorite make the cut? But enough delay, here are September’s twenty most popular innovation posts: Leading People ...

Read More »

Planning for the Most Important Customer of a Corporate Innovation Program

Top corporations spend almost $825Bn on innovation, yet 19 out of 20 innovation efforts fail. Given its (often existential) importance and focus, why is innovation success so scarce? (Source: 2018 BCG Global Innovation Survey, 2019 PitchBook study) One reason is that innovation teams, even those using the most customer-centric development approach, often fail to adequately plan for their most important ...

Read More »

5 Psychological Traits of Highly Innovative Organizations

When creating an innovation team, we often put a lot of thought and effort into bringing the right functional expertise together. Making sure we have diverse marketing, design, engineering, product supply, finance, research and innovation working together early in the process is certainly smart. But for a team to deliver big, disruptive ideas that will have separation and longevity versus competition, ...

Read More »

Entrepreneurial Efforts for Innovation Must Fit Your Brand

To meet ever-increasing growth objectives, established companies want to be more entrepreneurial. And the thinking goes like this – launch new products and services to create new markets, do it quickly and do it on a shoestring. Do that Lean Startup thing. Build minimum viable prototypes (MVPs), show them to customers, incorporate their feedback, make new MVPs, show them again, ...

Read More »