Brainstorming is how innovation starts, yet coordinating it can require innovation in and of itself. These web-focused brainstorming tools will allow you and your team to put together more ideas and collaborate smoothly. Even when you’re miles away it can
It’s well known that design thinking is a creative problem-solving process, which focuses on reaching solutions that were previously inaccessible. To the trained eye, this may ring a bell as a common goal of innovative thinking as well. In reality,
When you’re comparing incremental change vs disruptive innovation, what’s the difference? Incremental innovation is a small, modular change that takes place slowly over time. And also allows for a gradual development of the product and its marketplace. Disruption is a
Get everyone in the community involved. Developing a broad and deep innovation community puts a wonderful resource at your fingertips. Yet tapping into that resource requires more than just cheerleading. Here's how to bring your community together and work toward
According to Harvard Business School professor Clay Christensen, 95% of all product innovations fail after their release on the market. This statistic points to a major discrepancy between the solutions that businesses are offering and the problems that customers want
Some examples of the power of innovation change the world or create industries that never existed before. Blockchain is one of them. The first white paper about blockchain technology was released in 2008. The paper provided details of how blockchain could bring
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
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
Just like innovation itself, an innovation program is constantly being shaped by the environment around it over time. A good innovation program absorbs new information and ideas constantly. So how do you refine it? Look For Feedback Your innovation process
Globalization and Innovation Strategy Globalization brings us closer and closer. What does this mean for the globalization of innovation? Ever since the rise of the multi-national corporation, bridging cultural, social, and political differences has become an increasing concern. Yet, innovation
