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Datum: 16.07.2017 | Blog: The Heart of Innovation
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Datum: 16.07.2017 | Blog: The Heart of Innovation
Most people think that the ability to be innovative is a mystical state available only to the chosen few. The effort, they imagine, takes a lot of time and hard work. And since they don't have time and don't like hard work, they reason that innovation just isn't in the cards for them. But innovation is not a mystical state. It's a natural state -- a human birthright. The people in your organization, in fact, already are innovative. The only thing is: their natural ability to be innovative is being obscured by their own habits of mind and a variety of bothersome organizational...
Datum: 13.07.2017 | Blog: The Heart of Innovation
We must face our fears if we want to get the most out of technology -- and we must conquer those fears if we want to get the best out of humanity, says Garry Kasparov. One of the greatest chess players in history, Kasparov lost a memorable match to IBM supercomputer Deep Blue in 1997. Now he shares his vision for a future where intelligent machines help us turn our grandest dreams into reality.
Datum: 13.07.2017 | Blog: InnovationManagement
Although the advent of Big Data stands to benefit several industries, the insurance sector has a clear advantage in terms of leveraging technology to benefit not only its bottom line but also its customers. To a great extent, the insurance industry was one of the earliest adopters of Big Data; over the last few decades, actuaries and statisticians have been reviewing large data sets and preparing analytical reports for underwriters who in turn make decisions about coverage and premium rates.
Datum: 12.07.2017 | Blog: InnovationManagement
1."Whatever you do, or dream you can, begin it. Boldness has genius and power and magic in it." - Johann Wolfgang von Goethe 2. "There are two mistakes one can make along the road to truth -- not going all the way, and not starting." - Buddha 3. "Be willing to be a beginner every single morning." - Meister Eckhart 4. "All great ideas and all great thoughts have a ridiculous beginning." - Albert Camus 5. "A journey of a thousand miles begins with a single step." - Lao Tzu 6. "Beginnings are always messy." - John Galsworthy 7. "When there is a start to be made, don't step over! Start...
Datum: 09.07.2017 | Blog: The Heart of Innovation
Dr. Chris DeArmitt says he’s tired of hearing people constantly talk about improving innovation methods and efforts, only to find that no real innovation is actually taking place. He also suggests that books on innovation are generally written by theorists and academics; people with no hands-on experience and no real value to contribute to the actual practice of innovation. So who can tell us what’s actually going on?
Datum: 06.07.2017 | Blog: InnovationManagement Idea Champions
Datum: 06.07.2017 | Blog: The Heart of Innovation
In a recent article, The Financial Brand discussed the biggest threats to the financial and banking industry. They included a long list of everything from profitability to making good hiring decisions. However, we thought that there were a few problems that could be particularly fruitful when applied to open innovation systems.
Datum: 05.07.2017 | Blog: InnovationManagement
Ten years ago I was invited to teach a course on "Innovation and Business Growth" at GE's Crotonville Management Development Center for 75 high potential, business superstars of the future. The GE executive who hired me was a very savvy guy with the unenviable task of orienting new adjunct faculty members to GE's high standards and often harsher reality. My client's intelligence was exceeded only by his candor as he proceeded to tell me, in no uncertain terms, that GE gave "new instructors" two shots at making the grade -- explaining, with a wry smile, that most outside consultants...
Datum: 04.07.2017 | Blog: The Heart of Innovation
Are you trying to think of ways to make your business more innovative? Innovation has become a vital part of success for business. Technology has made it easy to expand globally, reach a larger target audience and significantly boost profits, but it’s also brought a lot more competition. This means that to keep up, businesses need to ensure they’re innovative and capable of consistently delivering new and exciting products and services.
Datum: 30.06.2017 | Blog: InnovationManagement
Innovative and forward-thinking companies are successful because they have new, exciting, and useful products or services before others and consumers take notice of companies regularly producing the next big thing. These companies are more effective and they can grow more rapidly because their company culture encourages innovation among their employees. A company of “intrapreneurs” can quickly become a successful and noteworthy company.
Datum: 29.06.2017 | Blog: InnovationManagement
How many times have you participated in a brainstorming session, only to be underwhelmed by the utter lack of follow up? Unfortunately, in most businesses, this is often the norm. Here's why: 1. The output of the session is underwhelming. 2. No one has taken the time, pre-brainstorm, to consider follow-up. 3. No criteria is established to evaluate output. 4. No next steps are established at the end of the session. 5. No champions are identified.
Datum: 29.06.2017 | Blog: The Heart of Innovation
Does it feel like your efforts in innovation lately have been…lackluster? Are you finding that your team just isn’t coming up with the great ideas you know they can produce? If your business is feeling stale and stagnant, you obviously want to know why, so you can make changes. Innovation efforts aren’t always simple and easy—and there are definitely some roadblocks that can come up along the way. Don’t get discouraged if you run into any of these common problems—you just have to be determined to prevent and work through them whenever possible!
Datum: 28.06.2017 | Blog: InnovationManagement
I'm a collector of best practices. I like to find out what forward thinking individuals and organizations have done to accomplish extraordinary results. Sometimes I share these stories in my keynotes or workshops. Invariably, my stock rises when I tell these stories. People think I know stuff. They get giddy. They take notes. They think about how to adapt these best practices to their organization. But then things get weird. People start becoming satisfied with emulating other people's lives. Instead of thinking up their own best practices, they imitate. Ouch!
Datum: 28.06.2017 | Blog: The Heart of Innovation
Innovation is risky. Customers are not asking for it. We are already successful… Getting momentum behind significant innovation is difficult, and sometimes it’s easier for a business to stay in what they deem a safe spot. Let’s look at seven arguments that inhibit innovation as well as their counter arguments.
Datum: 27.06.2017 | Blog: InnovationManagement
"5G", the generic term for future communications technologies, offers so much more than just the next level up in speed and data volume. It also presents very real challenges – of politics, regulation, culture and strategy as much as technology.
Datum: 26.06.2017 | Blog: InnovationManagement
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Datum: 25.06.2017 | Blog: The Heart of Innovation
With the Brexit and doubts of Theresa May’s suitability and approachability as a key negotiator, there is uncertainty of the UK achieving a progressive deal with the EU. How will the continued negotiations impact product-oriented businesses and innovators - particularly once discussions begin in a few months’ time?
Datum: 24.06.2017 | Blog: InnovationManagement
It’s pretty much impossible to argue with Apple’s success. It’s one of the most valuable companies in the world, and has maintained dominance for its reputation as an innovative company that produces top-of-the-line hardware. Because of its products and brand reputation, Apple has gained a cult following that will buy nearly every new product that emerges, year after year. So why, even with the high price tag, are so many consumers willing to shell out for every new gadget that comes along?
Datum: 22.06.2017 | Blog: InnovationManagement
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