What are the most effective ways to create sustainable innovations that generate long-term value?

Be clear with what you want to achieve use the tools and applications that can easily blend with future process and applications. Don’t try to reinvent the wheel keep it simple and do basics right. Align with all stakeholders involved in the process explore best feasible options and always keep innovating go with continuous improvement approach.

Genuine belief in innovation is 🔑 crucial to its success! Merely talking about it won't suffice. You must believe in it and involve every aspect of your business. Aligning with your purpose, involving customers, collaborating with partners, experimenting, scaling, and monitoring are all essential to ensure that innovation thrives and generates long-term value. It's not just about the talk, it's about walking the innovation walk!

To create sustainable innovations that generate long-term value, I think we must prioritize investment in areas that are challenges and/or bottlenecks in the future and bring benefits to people, companies, the environment and society, such as: - Energy efficiency to improve energy use and reduce pollution. - Energy storage that tends to represent the future challenge for electric vehicles and portable devices. - Mobility, considering the need to transport large populations or people in remote areas. - Circular economy, reusing resources and avoiding waste.

I found aligning your purpose with sustainable innovations to be crucial for creating long-term value. Here's how: 1. Know your "why": What impact do you want to make? (Your purpose) 2. Find the problem: What needs aren't being met in your market or the world? 3. Innovate with purpose: Create solutions that address both needs and your goals. 4. Measure and share: Track your impact and tell your story transparently. Benefits: Attract customers who share your values. Motivate employees with a higher purpose. Build a resilient and sustainable business. Create a positive impact on the world. Coherently, align your purpose with innovations that solve real problems, for long-term success and a better future.

Finding a common ground of values and drivers of involved parties and teammembers is key to a sustainable solution that will also be implemented, not only visioned. For individuals working on a solution not within a specifical full-time job aligned to the innovation project or a dedicated role within his or her organization, it is valuable to communicate capacities of future involvement. "Green motivation" is a great motivation to start with, but reality often takes away motivations in the long rund. Implementation is Queen/King - and starts at the beginning of a journey towards sustainable innovations.

Engage customers not only as users but also as co-creators and partners in the innovation process. By involving customers from ideation to implementation, you can develop solutions that resonate with their needs, preferences, and values, leading to higher adoption rates and long-term sustainability.

"Skin in the game" is vital for any innovation! Without the support of end users, failure is likely. It's crucial to identify the real pains of the users and design solutions that truly address their needs. Engaging customers ensures that the innovation is aligned with their preferences and expectations, leading to trust, loyalty, and successful adoption. Innovations without user involvement often miss the mark, but with their input, success is much more achievable! 🙌

Customer is the best King/ Queen/Teacher. We have to involve them all throughout the value chain. What really matters if there is a product-market fit, only and only customers can help in finding these answers.

Ich frage mich manchmal, wie können heute noch innovative nachhaltige Geschäftsmodelle überleben, die sich nicht nach Kunden ausrichten? Einige Beispiele: - Nischenmärkte; - Versorgungsunternehmen Gas, Wasser, Strom, Internet, Kommunikation (ich habe aktuell nur einen Glasfaserinternetanbieter zur Auswahl) - Technologieführer; - IP-Inhaber; - Marktmacht durch Konsolidierung einiger weniger z.B. Pharma; - stark subventionierte Innovationen, die großenteils politisch getrieben werden; - gemeinnützige, institutionelle Unternehmen Fallen euch weitere ein?

Here's a breakdown I found helpful in collaborating with partners for impactful and sustainable innovations: 1. Pick the right partners: Find collaborators who share your values, offer unique skills, and have experience with sustainability. 2. Open communication is key: Be clear about expectations, talk openly, and build trust. 3. Combine your strengths: Share expertise, resources, and diverse perspectives to create unique solutions. 4. Think long-term: Focus on creating sustainable innovations that benefit everyone involved for years to come. By collaborating effectively, you can create impactful and long-lasting solutions for a better future.

Foster collaborations with a diverse range of stakeholders, including governments, NGOs, academia, and local communities. These partnerships can leverage complementary expertise, resources, and networks to address complex sustainability challenges more effectively and sustainably.

Para promover a inovação, a colaboração entre departamentos dentro de uma organização, parcerias entre diferentes setores e até mesmo a participação ativa da comunidade. Ao reunir uma variedade de habilidades e conhecimentos, as áreas podem gerar ideias mais criativas e soluções inovadoras para os desafios atuais.

Embracing smart failure is key to real innovation! 🌟 Experimenting and iterating mean sometimes things won't go as planned. Yet, every failure is a goldmine of insights. 🤓💡 Smart failures teach us what doesn't work, guiding us toward what might. By learning and adapting, we reduce risks and refine our solutions. Bottom line: Without the courage to fail, we miss out on groundbreaking innovations. So, fail smart, learn faster, and innovate boldly! 🚀🔧💫

Embrace a culture of experimentation and rapid iteration within your organization. Encourage teams to test hypotheses, prototype solutions, and gather feedback iteratively, enabling continuous learning and improvement. This agile approach increases the likelihood of developing sustainable innovations that evolve with changing needs and contexts.

Experimentation and iteration are crucial in innovation, given its unpredictable nature compared to imitation. This dynamic and uncertain process requires testing and validating assumptions, hypotheses, and prototypes. Through experimenting, you learn from failures, refine solutions, and adapt to changes, enhancing efficiency and effectiveness. While imitation may offer a safer path with predictable outcomes, true innovation, despite its unpredictability, holds the potential for transformative impact, driving sustainable advancements by reducing risks, costs, and time-to-market.

Prioritize scalability and diffusion strategies to maximize the impact of your sustainable innovations. Design solutions that can be easily replicated, adapted, and scaled across different contexts and geographies, leveraging technology, franchising, and strategic partnerships to accelerate widespread adoption and long-term value creation.

Drawing from my own experience, here's how sustainable innovations can be effectively scaled and diffused to generate long-term value: 1. Make it easy to copy: Design your solution to be simple and adaptable to different places and needs. 2. Team up for success: Partner with others who share your goals and can help spread the word. 3. Empower others: Train people to use and improve your innovation. 4. Share the story: Tell the world about the positive impact your innovation creates. 5. Track and adapt: Monitor how it's doing and adjust as needed for long-term success. As demonstrated, collaboration, clear communication, and continuous improvement are key to ensuring your sustainable innovation has lasting positive impact.

Acredito que implementar monitoramento e avaliações contínuas estabeleçam sistemas para monitorar o desempenho da inovação ao longo do tempo e avaliar seu impacto. Isso permite identificar áreas de melhoria e fazer ajustes conforme necessário para garantir uma difusão eficaz e sustentável.

Implement robust monitoring and evaluation systems to assess the effectiveness, efficiency, and sustainability of your innovations. Collecting data on key performance indicators (KPIs) allows you to track progress, identify areas for improvement, and demonstrate the long-term value generated by your innovations to stakeholders and investors.

Evaluation with tools from Lean Startup can be highly beneficial especially in early stage phases of a sustainable innovation on the ground and in the market. Even if an approach such as Sustainable Design Thinking supports human centred sustainable innovation and acceptance towards new products, a social bias can be found in many feedback results before entering a market.

Monitoring and evaluation is absolutely key for sustainability. I wholeheartedly believe in continuous improvement. To improve continuously and keep the customers willing to buy a product one should be evaluating what is working and what is not working and making the necessary iterations and changes to adapt to what is needed. Basically aligning the business to be able to do the right things in the right way at the right time.

While strong sales indicate a product meets many customer needs, focusing solely on financial success can overlook broader impacts on society and the environment. Sustainable innovation requires balancing short-term gains with long-term responsibilities, incorporating non-financial metrics to assess social and ecological contributions. Companies embracing sustainability can lead their markets, attract new customer segments, and mitigate risks associated with regulatory changes and shifting consumer preferences. Achieving this balance not only enhances a company's reputation but also secures its future in a rapidly evolving global market.

A criação de inovações sustentáveis que gerem valor a longo prazo exige um compromisso contínuo com a sustentabilidade, integrado em todos os aspectos da estratégia e operações da empresa. Ao adotar uma abordagem holística e colaborativa, as empresas podem desenvolver soluções inovadoras que não apenas atendam às necessidades atuais, mas também contribuam para um futuro mais sustentável.

I would start by asking basic but business changing questions: 1) how much is my current market expected to grow in the coming year? 2) what underserved demands my current customers have ? 3) is my product and my business model up to date with technologies? 4) how do I create barriers from competitors? Answering these 4 questions will allow any company to define its innovation strategy. This is basically choosing what to do vs what not to do in terms of innovation initiatives such as open innovation, corporate venture capital, venture building, R&D.

Stay abreast of emerging trends, technologies, and regulations related to sustainability to remain innovative and adaptive in a rapidly changing landscape. Foster a culture of transparency and accountability by communicating openly about your sustainability efforts, progress, and challenges with stakeholders. Integrate sustainability into your organizational strategy, governance structures, and decision-making processes to ensure long-term commitment and alignment across all levels of the organization. Encourage cross-functional collaboration and knowledge-sharing to leverage diverse perspectives and expertise in generating innovative solutions to complex sustainability challenges.