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22 Aug

Innovation Budget Planning

by Hunter O'Donnell
in Collaboration Software, Innovation, Innovation Software, Innovation Solutions, Open Innovation, Technology, Technology Landscape, Technology Scouting
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[vc_row][vc_column][vc_empty_space][vc_text_separator title="Budget Planning for Innovation During Changing Economic Times"][vc_empty_space][vc_column_text]As the budgeting season kicks off, the C-Suites are issuing guidelines and financial targets despite unpredictable market conditions. Their goals for success lie in the adaptability and strength of their resources across the Innovation Portfolio.  From the Harvard Business Review article “An Agile Approach to Budgeting for Uncertain Times,” here are the curated questions your team should ask while planning for projects in the year ahead:[/vc_column_text][vc_empty_space height="22px"][qodef_separator position="center" color="#f2f2f2"][vc_empty_space height="16px"][qodef_icon_with_text icon_pack="simple_line_icons" simple_line_icons="icon-question" icon_position="left" icon_type="normal" icon_size="qodef-icon-small" icon_animation="" icon_margin="10px" text="What are the outcomes that will be most important for strategic success?" text_left_padding="10px"][vc_empty_space height="16px"][qodef_icon_with_text icon_pack="simple_line_icons" simple_line_icons="icon-question" icon_position="left" icon_type="normal" icon_size="qodef-icon-small" icon_animation="" icon_margin="10px" text="Where should resources go? For example, running the business (operations) versus changing the business (innovations)?" text_left_padding="10px"][vc_empty_space height="16px"][qodef_icon_with_text icon_pack="simple_line_icons" simple_line_icons="icon-question" icon_position="left" icon_type="normal" icon_size="qodef-icon-small" icon_animation="" icon_margin="10px" text="Within innovation, what’s the right balance of resources going toward incremental innovation versus breakthroughs?" text_left_padding="10px"][vc_empty_space height="16px"][qodef_icon_with_text icon_pack="simple_line_icons" simple_line_icons="icon-question" icon_position="left" icon_type="normal"...

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technology scouting works harvard business review study
03 Aug

Technology Scouting: Why It Works – A Harvard Business Review Published Study

by Stephanie Creech
in Collaboration Software, Cyberscouting, Enterprise Innovation, Innovation, Innovation Software, Innovation Solutions, Open Innovation, Technology, Technology Landscape, Technology Scouting
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Technology scouting can increase the rate of potential for meaningful innovation, as discussed in the Harvard Business Review. An innovation leader's perspective and insight. A look at what works and what doesn't. Technology scouting automation and technology advancements are key...

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29 Jul

Unpacking Innovative Ideas in the CPG Industry

by Hunter O'Donnell
in Collaboration Software, CPG, Food and Beverage Industry, Innovation, Innovation Software, Innovation Solutions, Open Innovation, Technology Landscape, Technology Scouting
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[vc_row][vc_column][vc_column_text] Innovation in Consumer Packaged Goods [/vc_column_text][vc_empty_space][vc_column_text]The CPG and Food & Beverage Industries must continuously innovate to keep their market share and follow fluctuating consumer demands, all while functioning profitably in a manufacturing environment that depends on endless factors: supply chain availability, maintenance, repair and operations (MRO) of production facilities, workforce reliability, and the integration of AI enabled tools for purchasing, inventory quality control, and consumer-tracking data.  Now more than ever there is unlimited innovative potential in CPG, and the variety of brands that best harness their creative visions and deliver superior goods will be their companies’ most popular and profitable products.[/vc_column_text][vc_empty_space][vc_text_separator title="Part I : CPG Strategies for Growth and Innovation" border_width="2"][vc_empty_space][vc_column_text]To develop the best strategy for your complex CPG Innovation Portfolio, refer back to a previous article. Topics include: Utilizing Open Innovation for R&D Studying Past Trends for Future Forecasting Managing a Portfolio of Innovative Projects [/vc_column_text][vc_empty_space height="52px"][/vc_column][/vc_row][vc_row][vc_column][vc_text_separator title="Part II : Endless Opportunity...

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beverage production line
10 May

Food and Beverage Innovation

by Hunter O'Donnell
in Collaboration Software, Cyberscouting, Food and Beverage Industry, Innovation, Innovation Software, Innovation Solutions, Open Innovation, Technology, Technology Landscape, Technology Scouting
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[vc_row][vc_column][vc_column_text] A Taste of Innovation for the Giants of the Food and Beverage Industry [/vc_column_text][vc_empty_space][vc_column_text]The biggest players of the Food & Beverage Industry are positioned to innovate internally, creating new food concepts through their own well-funded research and development. Increasingly these corporate giants are also expanding their resources outside the company to innovate externally by nurturing smaller, sometimes more cutting-edge food start-ups. One means for expanding their portfolio of products is inviting creative and successful foodpreneurs to the innovation table, and in some cases, investing in their companies. General Mills, Tyson, Whole Foods, and Kellogg, for example, all offer pitch days and accelerator programs for startups looking for funding and expertise to bring more of their innovative products to market. Industry leaders who avoid diversifying their product lines to represent growing consumer demand are destined to see their food expired and forgotten on the supermarket shelves. Let's examine some areas the Food and Beverage...

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compass accelerate innovation
25 Apr

Innovation Accelerator

by Hunter O'Donnell
in Collaboration Software, Innovation, Innovation Software, Innovation Solutions, Open Innovation, Technology Landscape, Technology Scouting
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[vc_row][vc_column][vc_row_inner][vc_column_inner][vc_column_text] Accelerate Innovation from the Front end to the Back end to Drive Industry Disruption [/vc_column_text][vc_empty_space][/vc_column_inner][/vc_row_inner][vc_column_text]How do you keep the momentum of innovation solutions in your business? The success of your organization’s future growth will be determined by the products and services created from the front end to the back end of innovation, disrupting industries and creating significant market share.[/vc_column_text][vc_empty_space height="28px"][vc_column_text]The front end of innovation is critical in laying the proper foundation for a portfolio of projects to develop through a commitment to creativity, change, and growth. This is the period when opportunities are identified and new products or services are first considered. This phase includes Innovation Strategy and Ideation. When a team commits to the advancement of a new product, service, or business model they imagine a new way to approach a challenge, and communicate this idea for organizational implementation. The back end of innovation is everything following strategy development and ideation. This...

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network & collaborate
29 Mar

Revitalize your Innovation Mission Through Compelling Conference Participation

by Hunter O'Donnell
in Collaboration Software, Conference, Innovation, Innovation Software, Innovation Solutions, Technology Scouting
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[vc_row][vc_column][vc_column_text] How do you best position your company to adopt an innovation mindset? [/vc_column_text][vc_empty_space height="10px"][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Hiring a Chief Innovation Officer or relying on Corporate Product Intrapreneurs to champion the innovation culture is certainly an intentional first approach for many companies. Maintaining innovative energy and focus from year to year and project to project will continuously be a challenge though unless your innovation leaders have an opportunity to recharge their creativity, share ideas and best practices, and consider leading innovation management platforms.[/vc_column_text][vc_empty_space][vc_column_text] Innovation Networking, Best Practices, and Knowledge Sharing [/vc_column_text][vc_empty_space height="10px"][vc_column_text]Upcoming innovation conferences are a compelling occasion to reignite your company’s innovation mission. Product development, research professionals, and UX or digital transformation creators can all find value and inspiration meeting with like-minded innovation thought leaders from around the world and across a variety of industries. Grow cross-enterprise collaboration and strengthen an organization’s innovation expertise at one of this season's conferences.[/vc_column_text][vc_empty_space][qodef_separator position="center" color="#d1d1d1" width="100%" thickness="1"][/vc_column][/vc_row][vc_row][vc_column width="1/4"][vc_single_image...

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15 Mar

Innovate or Die: Bold Action, Connected Minds, and a Leadership Team with Vision

by Hunter O'Donnell
in Collaboration Software, Innovation, Innovation Software, Innovation Solutions, Open Innovation, Technology, Technology Landscape
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[vc_row][vc_column][vc_column_text]The Roaring Twenties, a period of economic prosperity following the end of World War I, was marked by changes to American life through advancements in manufacturing, consumer products, travel, medicine, entertainment, and upended social norms. What we’ve experienced so far in the 2020s has some referring to this current period as The Soaring Twenties – a time that will be remembered for massive economic growth and incomparable technological innovations…but only for the organizations that take bold action, have connected teams of creatives and analytical minds that work collaboratively, and trust in their leadership to uphold the vision of new possibilities for their companies, software, and services. [/vc_column_text][/vc_column][/vc_row][vc_row css=".vc_custom_1647363232861{background-color: #f9f9f9 !important;}"][vc_column][vc_empty_space height="44px"][qodef_blockquote text="``Not to innovate is the single largest reason for the decline of existing organizations. Not to know how to manage is the single largest reason for the failure of new ventures.`` — Peter F. Drucker" title_tag="h4" width="100"][vc_empty_space height="44px"][/vc_column][/vc_row][vc_row][vc_column][vc_column_text] If You...

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28 Feb

Circularity and Innovation in Textiles & Apparel

by Hunter O'Donnell
in Collaboration Software, Innovation, Innovation Software, Innovation Solutions, Open Innovation, Technology
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[vc_row][vc_column][vc_empty_space height="22px"][vc_column_text]Look your best while feeling good about your impact on the environment with fashion-forward brands reinventing the supply chain in the textile industry. It’s becoming trendy to source your next ensemble from a sustainable and globally conscientious clothing company. The fashion industry is trying on new methods of sourcing materials and is producing garments within a vibrant and growing circular economy.[/vc_column_text][vc_empty_space height="22px"][vc_row_inner][vc_column_inner width="2/3"][vc_column_text] The Spinning Wheel of Innovation at Spinnova [/vc_column_text][vc_empty_space height="22px"][vc_column_text]Spinnova is an innovator bringing new textile technology to an age-old product. Fabric has long been associated with cotton, a resource that requires massive water consumption and pesticides. Polyester also had its heyday, yet it relies on the non-renewable resource of petroleum. An innovative development is creating a new kind of fabric that is made from recycled materials like ground up wood pulp and agricultural waste spun into a creative new wool for performance fabrics in consumer apparel goods....

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01 Feb

New Technology Improving Worldwide Health & Wellness

by Hunter O'Donnell
in Collaboration Software, Innovation, Innovation Software, Innovation Solutions, MedTech Industry, Technology
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[vc_row][vc_column][vc_column_text]The collaboration and innovation of human health researchers and life science industries are a vital partnership to support a healthier global population. From solutions that provide basic human needs to the the latest epidemic fighting technology to inventions that improve the health of marginalized people with disabilities, organizations are innovating to provide a better standard of life for millions.[/vc_column_text][vc_empty_space height="22px"][/vc_column][/vc_row][vc_row][vc_column][vc_column_text] Collaboration for Clean Water is the Current Mother of Invention [/vc_column_text][vc_empty_space height="10px"][/vc_column][/vc_row][vc_row][vc_column width="2/3"][vc_column_text]Water makes up 70% of the Earth’s surface, but only 2.5% is drinkable. In 2018 the World Bank and the U.N. released a joint report that claimed 40% of the world population suffers from water scarcity and that by 2030, 700 million people may be displaced because of it. If you live in an area where you have filtered water, you might not be thinking of the 159 million people who depend on untreated water (rivers, lakes, ponds, and streams). Such...

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