Innovation

How Amazon Innovates

In 2014, Stephenie Landry was finishing up her one-year stint as Technical Advisor to Jeff Wilke, who oversees Amazon’s worldwide consumer business, which is a mentor program that allows high potential executives to shadow a senior leader and learn first-hand. Her next assignment would define her career. At most companies, an up-and-comer like Stephenie might be given a division to ...

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Design Innovation – The Fender Stratocaster

Real world product and service design brings together form and function in ways that emphasise product/service features so that they convert to real and perceived customer benefits. There is often a great deal of redundancy in the design process. For example, one of the key weaknesses of early electric guitars was the fact that the necks warped, causing them to ...

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Launch & Abandon Trap – Why Innovation Fails

“People were so excited and then things just went back to business as usual.” “Leadership announced our new innovation initiatives at the company-wide meeting but then I didn’t hear another word about it.” “There was a lot of fanfare in the beginning but then it just fizzled out kind of like every other initiative so I just keep my head ...

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Problem Seeking 101

The 12 steps to biomedical innovation starts with being a problem seeker, not a problem solver. Eventually, to be successful, customer problems and solutions need to meld around a VAST business model i.e. one that is not just profitable, but that demonstrates: 1. Validity Regardless or which elements of your model you choose, they have to be valid. In other words, the dogs have to ...

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Ideation Pitfalls Part 1: The Herd Effect

photo of a herd of wildebeest on a plain

Most companies don’t have a problem with generating innovation ideas. Many are awash with ideas. The problem is usually working out which ideas to resource and investigate further. And it is this process of initial idea evaluation that is often flawed. It results in good ideas being killed before they can even sprout any limbs. So, what is going wrong ...

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Here’s How Investors Are Adapting To The New Era Of Innovation

In recent decades, innovation has become almost synonymous with digital technology. That wasn’t always true, of course. Long before the microchip was invented, we built an industrial economy based on electricity and internal combustion, harnessed the power of the atom and developed life-saving cures. Nevertheless, lately everything seems to be digital. Entrepreneurs who create software apps and consumer gadgets can ...

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5 Reasons Why Innovation Fails

Today, many corporations are doing startup calls, setting up company accelerators, intrapreneurship programs, tech scouting, hackathons and datathons. However, despite these efforts, many companies still do not achieve innovation results. Getting innovation results is somewhat difficult, but keeping innovation going is even harder. Regular innovation depends on many factors such as the top management’s leadership, the corporate culture, the available ...

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Creating cooperation & belonging: Are you living up to your promise?

As I travel the world helping businesses to create communities of cooperation and innovation I sometimes wonder why we have not been able to solve the world’s Big Hairy Audacious problems together. We potentially have the knowledge, the resources and the technology to do so, but hunger, overpopulation, poverty and pollution are still on the rise. As Peter Block says in ...

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Conference Insights: Innova-Con 2019

Earlier this year the International Association of Innovation Professionals (IAOIP) partnered with the U.S. Chamber of Commerce to host Innova-Con. The two-day conference took place in Washington D.C. to highlight the “disruptive and emerging landscape of innovation.” I had an opportunity to catch up with Innova-Con attendee Steve Palmer, founder and owner at Ever Evolving. Steve shared some of his ...

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