Tag: innovation strategy

The Innovator’s Mindset: Collaboration as Competitive Advantage

Person using a tablet.

Innovation can make or break the success of a company. During the COVID-19 pandemic, business owners are thinking outside the box to find new ways of reaching and retaining customers. When creating an innovation strategy, consider internally and externally prioritizing collaboration. This helps you turn valuable resources into a competitive advantage. It brings everyone together … Continued

What I’ve Learned In My First Month at IdeaScale

I joined IdeaScale in March 2020, just as the COVID-19 pandemic had thrown the whole world into lockdown mode. Schools and daycares were closed down, office workers became strictly homebound, airports were empty, and hospitals were overcrowded while simultaneously becoming incubators for the virus. In a matter of weeks, all sense of normalcy was gone … Continued

5 Ways Risk-Averse Thinking Can Lead to Successful Innovation

Person holding a lightbulb.

Risk is often considered a crucial aspect of innovation, but it is not necessarily what drives success. Research shows an aversion to risk can spark creativity. In his book, Originals: How Non-Conformists Move the World, Adam Grant discusses how those who are not risk-takers can drive progress. Grant’s findings revealed original people are not “big risk-takers.” Rather than … Continued

Future-Forward Thinking Outstrips ‘Back to Normal’ Mindset

Innovation strategy

Disruption is what drives innovation and positive change. Successful innovation strategies include the forward-thinking mindset that helps you move beyond the status quo and develop new ways of thinking. Embrace Change Change is inevitable. It is what keeps businesses moving forward, and helps them gain momentum in times of upheaval. Moreover, change removes the ‘back … Continued

Diversity Matters: Why Genuine Inclusion Is Essential to True Innovation

Group of people sitting around a table having a conversation.

Diversity is a crucial component of a successful innovation strategy. It drives market growth and helps everyone in the workplace embrace different ideas. According to research on how diversity can drive innovation, there are two types of diversity: inherent and acquired. Inherent diversity includes traits people are born with such as ethnicity and gender. Acquired diversity includes traits learned … Continued