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Aligning Your Innovation Management with Your Organizational Goals

Any form of creativity needs direction, and this is as true of business innovation as anything else. Aligning business goals and innovation strategy is the key to reaching those goals and developing effective innovation. Look At Goals Any organization has

Pay Attention to Customer Experience to Unleash Impactful Innovation

The cost of consumer switching among retailers and other providers is estimated at $1.6 trillion. Yet 80% of “switchers” think their original provider could have done something to retain them. Many companies think of innovation in terms of products, internal processes

How to Run a Hackathon that Spurs Real Innovation

Hackathons originally emerged as a way to quickly advance software technologies and identify new areas for technology innovation. The term has since evolved to encompass other types of intensive collaboration events. Though hackathons often make use of software, they’re no

Understanding Open Innovation

Historically, research and development departments within organizations were solely responsible for coming up with innovative ideas. Things have changed with the digital revolution. However, the boundaries shielding organizations from outside ideas have become more permeable. The ultimate result is open

How to Measure Your Organization’s Innovation Maturity

Before you can assess your organization's innovation maturity, you have to ask and answer the question, “What does innovation mean to us?” Unless your organization has deliberately built a culture of innovation throughout, answers to that question will vary –

Does Your Idea Management Software Go the Distance?

It's easier to begin a project than to take it to fulfillment and easier to rest on your laurels than to keep pushing. We've all learned this, whether it's that new hobby or a newly launched business, and it also

Top Innovation Leaders and the Lessons They Teach

Innovation is all about a diversity of voices. The more perspectives on a problem, the more creative and effective the solutions to them will be. When building your innovation strategy, take a moment to check out these innovation leaders and

Getting Board Buy-In for Your Innovation Project

For innovation to thrive in a company, it must be prioritized at every level. Taking an innovation project from idea through execution is challenging, and there can be obstacles at several places along the journey. When there is company-wide buy-in

Understanding the Origins of Innovation

The word innovate comes from the Latin innovatus, where “in” means “into” and “novatus” is a form of the verb for “making something new.” The word eventually came to refer to bringing new things or changing established practices. Innovation can

Why Fostering Employee Engagement Also Fosters Innovation?

Fostering employee engagement is crucial for creating a positive and productive workplace culture. Employee engagement is what causes employees to want to give extra effort at work. Employees who are engaged in their work feel as if they are making