To go forward, it helps to know where you're beginning. When building an innovation strategy, this takes the form of an innovation maturity assessment that examines your organization, your team, and your personal innovation approach. Here's how an innovation maturity assessment works
How do you measure the worth of an idea? How much is an idea worth in terms of return on investment? It's an intriguing question in part because it seems hard to measure. Yet, it's possible to nail down an
Innovation is often seen as stemming from a ground-breaking change. Someone has a big idea, and develops it into a familiar product, and the rest is history. This, however, isn’t always the case. Some innovations derive from small ideas. Maybe
Innovation is a common term in business today. Companies must embrace change to move forward and reach goals. Knowing when and how to innovate is crucial to success. Here are some ways to identify innovation and put it to work
Idea generation is the heart of innovation. Creating this culture in your organization increases employee engagement and promotes collaboration. Innovation increases brand loyalty. Research shows 77% of consumers have been loyal to certain brands for more than a decade. One
The span of human knowledge has grown vastly in the last century, to the point where many feel a traditional “closed” model of independent, internal research and development teams is no longer effective. This has led to the theory of
Resting is for retirement. As long as you’re in business, you need to be on top of your game, and innovation is a big part of getting to the front of the pack (and staying there). Having a separate innovation
There is a multitude of approaches to innovation management. One key factor, however, is “open” innovation versus “closed” innovation. While the names are slightly misleading, they're important to understand as you approach your change management strategy. Looking to explore open
Innovation cultures are essential in the workplace. They help sustain innovation and improve outcomes. Building value is one of the best methods for ensuring future success. Establish innovation behaviors and norms that create a communicative environment rich in imagination and
Change is necessary for innovation to occur. If managed well, it is effective, but if managed incorrectly, it can be worse than no change at all. Change management requires a well-developed strategy. Failing to create one can result in high
