In recent years, more and more companies have realized the need for innovation as they’ve seen businesses all around them, and perhaps even their own business, being disrupted. According to McKinsey research, 96% of executives have made innovation a strategic priority, yet only 6% are satisfied with their innovation performance. There’s a huge discrepancy between [...]
As all of us working on innovation know, it’s quite an opaque topic that many innovators and organizations don’t talk about openly. As a result, innovation is an area that’s fraught with many common myths and misconceptions. That’s unfortunate, because those less experienced in innovation often end up going about it all wrong, and as [...]
When we think of a business having a competitive advantage, we still tend to think of traditional economic moats such as a low-cost structure, economies of scale, or perhaps a more intangible moat like a strong brand. While all of these are still extremely desirable assets, they no longer guarantee a sustainable competitive advantage for most companies. [...]
When it comes to innovation, there are countless ways things might go wrong. However, one of the most prevalent ones is incorrect timing. If you manage to get the timing just right, your innovations will obviously benefit from huge tailwinds when entire industries are transitioning from the old to the new with you riding at [...]
In our line of work, we get to talk with hundreds of leaders around the globe, and from virtually every industry. Most of them seem to intuitively understand the importance of innovation, but there’s still a lot of fluff, ambiguity and uncertainty regarding innovation as a topic. As a result, most leaders aren’t seeing the results they were [...]
The Personal Computer and the Internet have, without a doubt, revolutionized business in the last 25 years. For most of us, it’s now impossible to think of the business world without all of the technology and the services built on top of these two innovations. Yet, what if these innovations are just teaser of what [...]
In today's episode of the Idea to Value Podcast, we speak to Simon Hill, founder of Idea Management software company Wazoku. Wazoku has grown steadily in the past few years into one of the big players in the idea management space, enabling companies to gather ideas from across the entire company and track their progress [...]
