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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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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[vc_row][vc_column][vc_row_inner][vc_column_inner][vc_empty_space height="22px"][/vc_column_inner][/vc_row_inner][vc_column_text] Innovative Ideas to Reclaim Our Natural Environment [/vc_column_text][vc_empty_space height="22px"][vc_column_text]You alone can not save the world. Neither will our governments. How about industry? Will they have the Earth’s best interests in mind when they create their next product for market? We ask, who are the real trail blazers along this confusing and winding path of necessary environmental change? It is not until the powerful, the inventive, and the noisiest change makers collaborate across industries, governments, universities and environmental NGOs with new green technology research, design, and significant strategies that will we see the greatest environmental challenges solved. [/vc_column_text][vc_empty_space height="22px"][vc_column_text] New Green Technology for Recycling [/vc_column_text][vc_empty_space height="22px"][vc_row_inner][vc_column_inner width="2/3"][vc_column_text]Where does all the trash go and how can we dramatically reduce what’s headed to the landfills? Recycling is a not a new effort, but it is losing efficacy and studies show even the most mindful consumers recycle incorrectly. Luckily efforts are underway to bring new technology to an inconsistent,...
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[vc_row][vc_column][vc_column_text] When velocity is constant - acceleration equals zero [/vc_column_text][vc_empty_space height="10"][vc_column_text]Acceleration is one of those terms that is often taken for granted in today’s business environment. As a gentle reminder, the definition of acceleration is a change in velocity over time. A major disconnect in corporate external innovation groups (that is, groups responsible for identifying innovations to solve their unmet needs that lie outside their corporate walls) is that they typically - and mistakenly - expect to accelerate innovation while maintaining constant internal organizational velocity in the form of resources, infrastructure, organizational support, budget, etc. Groups seeking to rapidly change their external innovation velocities can do so through honest self-assessment of their internal capabilities, and subsequent selection of the proper resources, information management tools and collaboration models to build the sustainable external innovation organization that works best for them.[/vc_column_text][vc_empty_space height="30"][/vc_column][/vc_row][vc_row][vc_column][vc_column_text] External innovation groups seldom receive adequate internal resourcing to effectively drive enough innovation initiatives...
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Using technology currently in development, AC units in skyscrapers and even your home could get turned into machines that not only capture CO2 but transform the stuff into a fuel for powering vehicles that are difficult to electrify, like cargo ships...
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[vc_row][vc_column][vc_column_text]The concept of an innovation portfolio is still new to some organizations; however, it's been a topic of conversation among innovation professionals for years. In 2014 Harvard Business Review (HBR) published the article, Managing Your Innovation Portfolio. They found on average high-performing organizations focus 70% of their innovation resources on core or incremental offerings, 20% on adjacent offerings, and 10% on transformational initiatives. Even though the average was a 70:20:10 spread, they still reference other successful models depending on your industry and your level of ambition and allocations. The biggest take-away from the HBR report and subsequent reports is that for an innovation program to be successful, the focus should be a mix of incremental (core), adjacent and transformational initiatives. This mix will enable a program to deliver results both in the near term and long term. In addition to finding the right balance, organizations need to have the right resources to deliver. ...
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Before any Innovation process begins, you need a strategy that breaks down activities while focusing on delivering incremental, adjacent and transformational successes. Here are some examples....
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If you are lucky enough to be on an innovation team you understand the need to deliver successful innovative solutions. In this contemporary world assessing your progress and allocating resources is always a priority. Recently, Innovation Leader published the report, Benchmarking Innovation Impact 2020 offering an in-depth look at innovation strategies, investments, and approaches that drive successful innovation. ...
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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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