06
Feb
Crowdsourcing and co-creation is an essential arm of conducting smart business. How to channel your internal and external crowd for innovation, ideation and collaboration....
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Crowdsourcing and co-creation is an essential arm of conducting smart business. How to channel your internal and external crowd for innovation, ideation and collaboration....
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Innovation can also come in the form of new types of services that offer improvements on old ways of doing things, meet previously unidentified needs or fill gaps in the market. More often, innovation solutions use technology to support and dispatch new services...
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Innovation Software Helps Businesses Cultivate and Implement Innovation — Faster. Learn how Innovation Software is used, what type of companies use it and why....
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Welcome to our “Technology Scouting Must Haves” mini blog post series. For years, businesses have had to perform Technology Scouting the same old way, with a long drawn-out, and very manual, process. Year-over-year, we talk to hundreds of R&D and Innovation experts across multiple industries and we want to share with you what we hear, time-and-time again. During this mini blog post series we’ll introduce common pain points experts talk about often. We’ll identify the technology scouting must haves and the new solutions that exist today....
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Actively Pursuing Innovation — Cultivating an Innovation Mindset. At this point, most businesses are keenly aware that it is imperative to their survival, in a competitive business world, to actively pursue innovation....
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If there are any remaining questions about the importance of innovation in today’s business world, all you have to do is look to the recent closing of the giant Toys “R” Us as a stark reminder of what happens when companies fail to innovate. ...
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[vc_row][vc_column][vc_column_text] As you start Innovation budget planning, here are eight things to consider: When it comes to Innovation budget planning (and R&D), it is typically a laborious process that spans several months with business model canvases, business cases, proposals and pipeline discussions. I remember my inbox being flooded with documents, meeting requests and scientists pushing their research forward for my sponsorship. As Forbes magazine mentioned in an article last year “The presumption is that R&D spending is somehow connected to increased innovation, revenue growth and profits. However, leaders may be asking the wrong questions here. A focus on R&D spending might be a good way to gauge best practice within an industry, but it is not a measure of how innovative any company is. Having a great R&D process and achieving market success with the technologies we invent are two different things.” Nonetheless, budgets are the fact of corporate world and must be...
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As a follow-up to our recent blog on “What to Include in Your Innovation Budget” we have created an innovation budget planning components list with 10 key items you should include in your innovation budget for the coming year. As you will notice as you go through the budget checklist, some of the key components include taking advantage of external resources. As Benjamin Franklin said, “time is money,” so keep in mind that innovation planning may go beyond optimizing internal resources and require you to invest in outside resources in order to speed up production time. With that in mind, here are 10 key components that should be a part of your innovation budget plan: Innovation Budget Planning Components #1 Outside Consulting Ask yourself: Do we have the skills and resources necessary for our project research and development? Can we bridge the gap with outside consulting resources? Whether you need help developing innovation and best practices...
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Innovation is a requirement in today’s business world and credit unions are no exception....
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Today we are excited to announce the speaker lineup for the Technology Scouting 2017 conference. The conference date is October 18 - 19, 2017 and will be held in Boston, MA. ...
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