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
Engagement is a challenge even in the most innovative companies. Bringing in stakeholders across the board will take more than just a welcome email and a few meetings. Here's how to gear your company for innovation, to motivate to innovate,
Striving for excellence is not the same thing as demanding perfection. Striving for excellence opens up possibilities while demanding perfection attempts to carve outcomes in stone. It’s easy to see how perfectionism can stifle an innovation strategy and constrain people
Crowdsourcing is the practice of obtaining needed services, ideas, or content by soliciting contributions from a large group of people rather than from traditional employees or suppliers. Essentially, it is the process of obtaining information or ideas from as many
Innovation by definition means change. Not all change, however, is innovative. Change – whether innovative or not – is inevitable, and the people and companies that regard change as a leverageable asset are the ones that end up better off
Innovation is ultimately about solving problems. While it’s possible to solve problems in both innovative and non-innovative ways, innovative problem-solving has the potential to make major changes to what people do, how they conduct business, and how they live life. Problem-solving is a skill
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
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
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 –
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
