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
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
The average number of years a company spends on the Fortune 500 list is dropping. Fifty years ago, a company on the Fortune 500 list could expect to stay there for 33 years, but by 1990, that tenure had shrunk
This February and March, the Ideascale team toured Australia, running workshops in Melbourne, Perth, Brisbane, Canberra, and Sydney to discuss crowdsourcing and open innovation. Also most importantly, intrapreneurship, with a stop at the Brisbane Intrapreneur's Summit. Based on our work
Crowdsourcing is becoming increasingly popular in today's business world. Defined by the Merriam-Webster dictionary as the practice of obtaining needed services, ideas, or content by soliciting contributions from a large group of people, it is clear to see why a
Is your organization centralized or decentralized when it comes to innovation? In a company where innovation is centralized, a specific department is tasked with innovating for the entire organization. The downside of using this model is that there is buy-in
Innovation works best when it incorporates a broad network of perspectives. Open innovation, where a company invites outside groups such as academic organizations and non-profits to offer ideas to address challenges. It can be a superb way to get those
Business model innovation is a fundamental restructuring of the beliefs that underlie existing ways that businesses create value. In other words, business model innovation can be disruptive, toppling long-held beliefs about how customers get what they want. Back in the
Process innovation is perhaps the “classic” form of innovation. Finding a better way of accomplishing necessary business tasks is low-risk, and can lead to other types of innovations. Also helps companies maintain and sharpen their competitive edge. Developing innovative ways
We live in an age of technological innovation, and one of the biggest beneficiaries of new technologies has been the healthcare industry. New technologies make both patient services and back-office practices faster and more accurate. Innovations for 2019 alone (as
