For organisations seeking to uncover new and innovative products and services, it’s no longer enough to look inwards.
As the pace of technology and disruption increases and the average company life expectancy continues to shrink, organisations need a strategy to future proof their business and avoid an ugly demise.
As the lifespans of organisations get shorter, it’s more important than ever to understand how organisations can avoid the black hole of bankruptcy and economic irrelevance.
Everyone wants to come up with the next Uber or AirBnB but not everyone knows the best way to get there.
Far too often I’ve sat in brainstorming sessions where ideas died a slow death afterwards. Ideas alone are not innovation; without a process of evaluation, selection and execution, they remain mere ideas.
“Innovation” is no longer a buzzword but a critical success factor for organisations seeking to survive and thrive into the future. Corporate innovation in particular has started to enter the everyday lexicon of boardrooms and the emergence of innovation managers and departments is increasingly common.
Imagine that by now you’ve held your successful ideation session, generated a bucket load of ideas and created a shortlist of the top ideas that are going to solve the innovation woes of your organisation. Well done, you. What’s next?
It’s crazy to think that 88% of the Fortune 500 firms that existed in 1955 are gone. These companies have either gone bankrupt, merged, or still exist but have fallen from the top Fortune 500 companies. Most of the companies on the list in 1955 are unrecognizable, forgotten companies today.
Many organisations stifle the very innovation that they seek through ingrained habits that block creativity and risk-taking. Here are 10 habits that choke disruption and kill innovation.
The sign of a healthy innovation culture is one in which its people feel comfortable sharing their ideas, opinions and criticisms, without fear of retribution.
Here are 10 products that would not have seen the light of day, had it not been the result of multiples failures, human error or serendipity.
Here are ten of the top corporate innovation labs in Singapore.
In just the last two years, millions of dollars from corporates and government have been committed to numerous accelerator programs. Here is a list of the top ten corporate accelerator and incubator programs in Singapore, which combine both deep domain and startup building expertise.
Overnight successes are usually anything but. In most cases, what appears to be a sudden rise to prominence is often the the manifestation of years of frustration, trial and error and time spent honing one’s craft.
Here's our list of 20 best books on innovation. These are essential reads are relevant for innovation management, creativity and entrepreneurship for 2016, 2017 and 2018.
Falling into the trap of what Steve Blank calls ‘innovation theatre’ and applying band-aid solutions usually leads to frustration and waste. Here are some of the most common forms of corporate innovation theatre that your company is probably singing and dancing about.
Coined by Professor Henry Chesbrough, Open Innovation is about creating inflows of knowledge from the external environment and outflows of knowledge to the ecosystem through collaboration. In this article, we compare open innovation and closed innovation, review examples of companies using this platform and analyse the advantages and disadvantages. Here are four ways that your organisation can leverage OI to boost your success rate.
VideoRentalz fearlessly faces the future, secure in its ability to keep families together.
Why your ideation tools aren’t working and how to bring ideas back to life. In this article, we cover the definition of the ideation process steps, followed by recommended approach, examples and techniques. This is essential for the execution of design thinking.
The Mills Oakley Accelerator has been established to commercialise legaltech.
What not to do when it comes to innovation and new product development.
The Australian Government could be doing more for innovation.
Do you have what it takes to be a great Innovation Manager?