Tag Archives: Innovation Management

Innovation Essentials – Turning Your Flywheel

In his acclaimed bestseller, Good to Great, Jim Collins talks about what he calls the “Flywheel Effect.” He describes how small actions and decisions, made over a period of time, add up to sustained momentum and success for great companies—like small nudges building momentum on a flywheel. I agree and riffing on his metaphor, I would add that our flywheel can be turning in either direction. It’s possible that a series of seemingly small decisions and incremental actions can gradually undermine our success. So the key question becomes: Which direction is your flywheel turning?

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20 Tips for Ideation Excellence

The fuzzy front end of innovation confronts you with a lot of questions. In my new book ‘Creating innovative Products and Services’ I try to solve them with the FORTH innovation method. The fuzzy front end is the nickname for the start of innovation or ideation phase. Getting innovative ideas is a vague process. It’s considered as hard to do. ...

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Who says that the Government cannot Innovate?

Whether based on the economy, health care legislation, or changes in purchaser mindset, it may be the perfect time for health care companies to step back from their BHAG’s in order to gain some innovation perspective.  Have the big questions changed? Here is a question that may raise eyebrows: What does health care need? Health care needs a healthy dose of innovation. ...

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What Impedes Innovation?

Five Glitches Sabotaging Your Plan What company, division or team isn’t striving for some combination of better, faster, cheaper in order to compete? A recent Korn/Ferry survey found that 84% of executives believe that innovation is very important to future success. No big surprise – everyone in the business and non-profit worlds seem to be talking innovation as mission critical. ...

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Drafting a Business Case for Innovation

You can only present an idea for the first time, once! So when you have the chance to present it to your board, be aware of the fact that a new product idea is not only ‘a creative product’ but also must comply to all the regular business criteria of your organisation too.  Does it have (extra) turnover potential? Does ...

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Innovation with Guerrilla Tactics

Being the smallest sewing machine manufacturer in the world, Bernina has always had to focus on innovation to stay one step ahead of their competition. Three years ago they decided to work with HYPE, a leading provider of idea management software. In the following interview, Innovation Manager Michael König gave HYPE some interesting insights into the Bernina innovation process and told us a real success story. HYPE: Mr. König, what is your company’s core business and where does innovation fit? König: The Bernina Company is the last remaining private sewing machine manufacturer in the world. We are also the smallest within the sector; therefore we need to come up with surprising and special offers in order to survive in the market.

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