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Innovation

Whether the focus is on product development, service delivery, customer satisfaction, or market share capture, competition drives a company to improve its performance. Taking this to the next level, effective competitive systems encourage outstanding innovation, by allowing the best and brightest to tackle an organization’s biggest challenges. Internal Competitions Creating an internal competition is an excellent way to motivate your workforce to develop innovative solutions and new business opportunities. The most common structure is to form teams which compete to develop concepts, often working with mentors who provide guidance as needed. The teams present their projects to a panel of judges who select the best innovations for implementation. This process has the advantages of: Encouraging teamwork; Demonstrating trust in internal expertise; and Developing pathways for employees to participate in innovation regardless of job title or department. The significant downside of this process is that it keeps innovation solely as an organizational process, which...

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Enterprise level innovation is the practice of looking beyond the organization’s R&D systems and past its discrete departments, to connect with global collaborators and improve business agility. This practice harnesses the benefits of open innovation to achieve specific enterprise-level goals. Why Enterprise Level Innovation (ELI) Matters The lifespan of large, successful companies is shrinking, and this trend is expected to continue. In 1965, the corporate lifespan of those listed on the S&P 500 was 33 years. By 1990, it shrank to 20 years, and it’s expected to drop to 14 years by 2026. Some of this change is due to mergers and bankruptcies, but a leading cause is market disrupters and innovators. This is a stark reminder of a simple truth: A company will not enjoy longevity in the marketplace without reinventing itself. The reason most businesses fail at this process is that they are not built for delivery or business agility,...

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The FEI 2017 Conference will be held in Boston May 8th through 11th, and Ezassi's CIO, Denise Fletcher is participating as a panelist. We are thrilled to have Denise representing us at this exciting and informative event. Denise is one of several internationally renowned innovators who will be speaking at the conference on a wide range of topics that address issues of: Startups and Innovation Consumer-driven Innovation Disruptive Trends and Technology Innovation and Culture Change Experts and Innovation While Denise will have speaking duties at FEI, she would love to meet with people who are excited about innovation as she is, so don’t be shy. If you see her in the hallway, at the receptions, or waiting for a session to begin, come up and introduce yourself for some informal one on one time with this accomplished innovation expert. Registration is open, and the agenda is filled with great opportunities to learn, share experiences, and create...

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Open Innovation is the grounded in the belief that great ideas can come from any source and an organization’s internal expertise will transform those ideas into market value. The challenge comes when an organization chooses to shift from a closed innovation system to an open one. The decision to make this change will not be successful unless it is accompanied by a corresponding adjustment in corporate culture. The Cultural Shift When we discuss a corporation’s culture, we are in essence referring to its personality. It is rooted in shared values, attitudes and traditions that its leaders and employees believe in. As a result, corporate culture directs how its people behave toward each other and those outside the company. For long-term business success, this culture must align with corporate goals, strategies, and vision. Although each company is different, most have a traditional corporate culture that includes the belief that all innovation is internally driven....

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eZassi is honored to participate in the 11th edition of “Unleashing Innovation” being held on April 6th and 7th at the Hard Rock Hotel in Las Vegas. This dynamic, two-day conference brings together world innovation leaders from a variety of industries, who will discuss innovation strategies and how to harness them for success. Unleashing Cocktails and Innovation with eZassi To enhance the conference experience, eZassi is hosting a cocktail hour to bring together speakers and attendees for an enjoyable evening of casual conversations and networking opportunities. Mix and mingle with like-minded individuals who understand that innovation is not a job title or a department, it is an organizational lifestyle that focuses on taking tomorrow’s ideas and turning them into realities. And don’t worry, drinks are on us. Register for our event to receive two free drink tickets and an opportunity to vote for your social hour venue of choice. You will also be...

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The shift from closed innovation to open innovation is the defining characteristic of this decade. Startups are able to compete with billionaires, disrupting entire industries from cheaply assembled DIY workspaces. Even large companies like Microsoft are replacing private R&D with open source methods. All entrepreneurs, freelancers, and members of technology-focused industries should study this change. Open Innovation is a Revolution Many of the biggest innovations of the last few decades were built upon pre-existing infrastructure. Jeff Bezos, the founder, and CEO of Amazon, spoke about this concept at the Code Conference in 2016. He explained that the internet was only made possible by the existence of telephone lines. As the infrastructure grows, so does the possibility for innovation. Manufacturers are already starting to build products on the newly emerging infrastructures of 3-D printing and artificial intelligence. This is exactly what open innovation is about. How To Embrace Open Innovation The notion of building products upon public...

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Learn more here eZassi's Open Innovation Management Software Most people know the importance of having a quality web presence when their goal is to get the most from their business. Although some business owners simply create a website, doing so is not enough if you want to engage your customers and increase the productivity of your employees. The good news is that your search for the perfect tool to enhance your web presence and to build your brand is over. With the open innovation software by eZassi, you can quickly establish yourself as an expert, and you will likely get even more sales as a result. But the software will also provide you with many more great benefits: Integrate with Social Media Create Interactive Communities Optimize Engagement Social Media Integration As social media sites continue to increase in popularity, setting up several accounts for your brand is vital if you want to get the best...

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    View Full-Size Infographic   1. Accelerate New Product And Process Development Increase volume and quality of ideas entering the pipeline.   2. Increase Efficiency Central aggression hub and easy to use stage-gating streamlines the idea collection and filtering process.   3. Contain Risk Proprietary safe disclosure process and technology protects IP integrity for both the innovator and the company.   4. Break Down Silos And Group Think Technology to facilitate cross-department collaboration and mine, discover and identify powerful ideas outside the company walls.   5. Foster Culture Of Innovation Provide an outlet for employees to collaborate and innovate. Signal to the outside world that the company welcomes external innovation partners. Strengthen brand equity through innovation.   View Full-Size Infographic...

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View Full-Size Infographic 1. Technology Scouting Find the right solvers automatically, using sophisticated web crawlers. 2. Sustaining and Engaging Keep your audience coming back with gamification and new challenges. 3. Advanced mobile features Innovate on any device, on any platform, and at any time. 4. Idea identification automation Easily identify the great ideas. Instantly and automatically score and rank ideas. 5. “Idea to a product” speed Move ideas faster and more efficiently. Stage-gate workflow enhancements. 6. User profiling enhancements Auto-capture user profile detail for future challenge identification. 7. ROI measurement Show ROI within the Open Innovation Platform. View Full-Size Infographic...

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Technology Use for Whitespace R&D Infographic

View Full-Size Infographic Innovation White Space R&D Defined White space is where unmet and unarticulated needs are uncovered to create innovation opportunities. It is where products and services don't exist based on the present understanding of values, definition of business or even existing competencies." - InnovationManagement.se Targeted Discovery Through a technology-driven process, you can build extensively upon your core traits to discover and identify white space targets. Deconstruction Engine Utilizing a unique deconstruction technology-driven engine, you can break down and deconstruct your core traits, piece-by-piece. Allowing you to capture specific characteristics that will lead you to new, adjacent opportunities that are transformational for your needs. Searchbot Scouting With the use of searchbot technology, you can data mine and extensively crawl the world wide web to unearth new solutions and innovators within the whitespace realm. Whitespace Analytics App Use of a powerful app like eZassi’s Open Innovation platform, Enovate, you can easily target and capture opportunities...

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