Recent Posts

Technology

Innovation Budget Planning Components Top 10

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...

Read More
creating a culture of innovation

As companies increasingly recognize the importance of innovation and disruptive solutions to remain competitive, the big question remains: where does innovation come from and how a culture of innovation be cultivated? While it might certainly seem like a big question with a complicated answer, for most companies the solution within reach more than they could have ever imagined. Contrary to popular belief, existing employees account for the vast majority of innovative ideas and the right software can help unlock innovation while also shifting the entire company culture.   Companies who feel static, often look to outside sources for new ideas, but studies show that internal employees actually represent the best source of innovative ideas. The real challenge is creating a culture of innovation where employees feel free to share ideas and question the status quo. Here we have put together some of our most important findings regarding these issues in the article,...

Read More

[vc_row][vc_column][vc_column_text]Simply striving for innovation isn’t quite enough. Choosing innovation software features or a platform and seem to make things a bit more complicated while getting started. What should you look for in features? What’s important and what isn’t? All questions that we can easily assist you in answering and help you move forward quicker with your innovation strategy.   The right innovation software features are key to the success of your strategy. With the right software, your innovation efforts should feel streamlined, effortless and, ultimately, effective. There seems to be 10 features of interest that you’ll want to look for while choosing your software.   A Branded Microsite A branded microsite helps maintain your brands image while launching your innovation challenges, whether internal or external. Although, this is more important for external challenges. This ensures you maintain control over your branding always and further pushes that image when it comes to innovation so that your...

Read More
disruptive solutions mindset 101 coffee break game changers

Upcoming Radio Show Event - Disruptive Solutions Mindset 101 on Coffee Break with Game-Changers Radio LIVE Wednesday, August 16, 2017 at 8 am PT / 11 am ET. Disruptive Solutions Mindset. Listen live. Please join us as Denise Fletcher, our Chief Innovation Officer, will be a guest speaker on the Coffee Break with Game-Changers radio show, hosted by Bonnie D. Graham. ...

Read More
Open Innovation Convincing the Decision Makers

Open Innovation Shouldn't Be a Hard Sell. But, All Too Often, It Is. At Ezassi, we believe whole-heartedly in the importance of Open Innovation for the survival of businesses. That being said, we also fully recognize that convincing decision makers to go forward with Open Innovation initiatives can be a hard sell. It almost seems counterintuitive that the same leaders who were responsible for launching and cultivating a successful business, would be resistant to change even in the face of evolving markets. Yet all too often, that is the case. Open Innovation convincing decision makers should be a primary focus.   This means that it falls on employees to make the case for Open Innovation and convincing the decision makers, which can be a thin line to walk. To help you navigate these choppy waters, we put together a comprehensive guide entitled, “How to Make Open Innovation an Easy Sell in Your Organization,”...

Read More

FEI Europe — Adapt, disrupt, innovate. This year’s FEI Europe conference in London was full of energy and ideas and I left feeling more motivated and inspired than ever to continue to find new ways to disrupt stale approaches to innovation. While every success should be celebrated, it is vital that companies don’t make the mistake of resting on their laurels. We must continue to innovate and look for new ways to think about and use technology. The good news is that there was plenty of that happening at FEI Europe.   London provided the perfect backdrop for a week of exchanging ideas at FEI Europe. The city is a unique combination of history and modernity that constantly reminds us of the importance of our past and the need to create a better future. It also didn’t hurt that I got the opportunity to meet with other thought leaders and enjoy world class...

Read More
pharma accelerate innovation

Pharmaceutical Accelerate Innovation with Software Technology     First, A Look at Deloitte's US Life Sciences Outlook Report   Deloitte released the 2017 US Life Sciences Outlook and the report discusses some very important points for the pharmaceutical sector to consider. It’s a great report and one worth reading. Let’s compound this with a few other events occurring in this space: The healthcare bill on the senate floor that’s yet to be determined. The more informed consumers that think nothing of taking to social media to complain about the cost of care and drug prices. The press and evening news reporting immediately on the fallout from social media and drug prices. High deductible plans continue to trend upwards which equates to more consumers paying more out of their wallet for healthcare. And then there's Amazon...

Read More

Idea Management Software Streamlines Open Innovation "Open innovation is a paradigm that assumes that firms can and should use external ideas as well as internal ideas, and internal and external paths to market, as the firms look to advance their technology." //en.wikipedia.org/wiki/Open_innovation R&D Is No Longer a Barrier to Entry or Strong Strategic Advantage Traditionally, innovation was a closely guarded secret. R&D teams hid away in secrecy innovating, discovering, and releasing the next generation of products. Think of IBM, Bell Labs, DuPont and other companies where R&D was a valuable strategic asset. Traditional Companies Are Moving Toward Open Innovation According to the MIT Sloan Management review "Companies are increasingly rethinking the fundamental ways in which they generate ideas and bring them to market — harnessing external ideas while leveraging their in-house R&D outside their current operations." //sloanreview.mit.edu/article/the-era-of-open-innovation/ Harvesting, managing and sorting through 1,000s of ideas to find the diamonds in the rough is a daunting process. Large organizations...

Read More