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One of my favorite things to read about innovations, when I have time, is Bruno Unfiltered posts. And after reading one of his articles, it resonated with my own experience and made me think - why it is so? One part of article was about people who believe that innovations and standards cannot be combined with main argument that innovation is about unbridled creativity and incomprehensible uncertainty.   "While outcomes might be uncertain, that doesn't mean that our own innovation processes cannot be standardised! I'm talking about things like how do we come up, capture, and document ideas; how do we decide which ideas to invest in; how do we create innovation teams; how do we manage innovation portfolios; how do we design and implement innovation strategy; and so on. Parts of the innovation process can—and should—be standardised. By doing so we create even more space for human creativity and expression, not less."   I couldn't say better myself. And coming from development and IT background, I believe that standardization of recuring parts of process, definitely give advantages. #innovation #thinking #standardization #quality

As part of recent pushback on #designthinking, there's a narrative brewing in #corporateinnovation circles that one of the reasons why innovation success rates are still low after at least a decade of focus on #disruptiveinnovation is that #innovation functions put too much emphasis on Desirability (Design Thinking, #ethnography, #jtbd, etc.) at the expense of Viability and Feasibility. The argument I hear is that innovations teams are failing because they are over-investing in ideas that customers want, but for which there is no #businessmodel. While there is truth to this take, the framing of Desirability and Viability as zero sum is harmful. The outcome of that framing will be that innovation teams chartered with doing things differently will instead do things the way their organization already do them. We end up back where we started: only incremental innovation and no breakthrough new businesses or products. It's critically important that innovation teams who have adopted #customercentric approaches keep using them and educating the organization on the importance of #empathy and #customercentricity. AND, at the same time, they need to understand the real lessons from the narrative above. First, if you're a corporate innovation team you need to convince #stakeholders to invest in you and your ideas. Those stakeholders speak the language of Viability and Feasibility, not Desirability. You must frame your proposals in their language. And two, ambitious innovation is not serial. You can't start with Desirability and say "We'll get to Viability and Feasibility later." You have to figure out how to discover and test critical assumptions on all three in parallel.

👋 Imagine there was something that could help you see whats coming next and take advantage of it! There is now... and it's FREE! 🤯 I just released the Catalyst Canvas — a 4-step D-I-Y workshop that helps turn observations and insights into innovation strategies. Here's what it does: 1️⃣ Define: Clearly identify your customer and industry specifics. 2️⃣ Brainstorm: Collect external observations impacting your market. 3️⃣ Identify: Pinpoint internal insights and challenging assumptions. 4️⃣ Generate: Develop innovative ideas from chosen insights. You can also prioritise the best path by using structured voting to select the best ideas. With the Catalyst Canvas, systematically uncover and act on new opportunities, driving continuous innovation. Read the full article and download the free template today and start transforming ideas into reality! 👉 https://lnkd.in/gerETJcB #Innovation #Workshop #CatalystCanvas #FreeDownload #StrategicForesight #Strategy

Innovation isn’t just for big companies—small businesses can lead the way too. 💪🏻 Embracing innovation can help you stay competitive, attract new customers, and drive growth. From adopting new technologies to rethinking business models, there are countless ways to innovate. 💡 Let’s share insights on how small businesses can harness the power of innovation. P.S. How have you adopted innovation in your business strategy, and what results have you seen?

Innovation should be a habit. It all starts with the question of “How can we make this better?”, and eventually making it a frequent business practice. Innovation isn’t only limited to embracing new technology to streamline your operations; experiment with new and exciting offerings; upskill your team with development programs to keep them cutting edge; adopt eco-friendly practices. Organizations that get too comfortable and don’t innovate fade out. Constant innovation keeps your brand relevant and competitive. So, aspire to make innovation a pillar of your business. #Innovation #BusinessGrowth #CompetitiveAdvantage #ContinuousImprovement

Want to create product innovations that actually resonate? Avoid these common pitfalls by starting with a meaningful understanding of who you’re innovating for. Discover the key steps to developing people-centric innovation ideas that will actually make an impact. Written by our wonderful director in research and consulting, Rebecca Roth. Click here to read more. https://hubs.ly/Q02QZ1-V0 #innovation #productdevelopment #marketresearch

As I strolled to the office this morning, thoughts of innovation danced in my mind. In today's competitive landscape, innovation isn't just a buzzword; it's a lifeline for businesses striving to stay ahead. Innovation isn't solely about creativity; it's about solving problems with fresh solutions. It's the marriage of novelty and utility, transforming ideas into tangible assets that drive progress. From sustaining innovations that refine existing processes to disruptive innovations that challenge the status quo, the spectrum of innovation is vast and dynamic. Yet, amidst the buzz, it's crucial to remember the essence of innovation: understanding the problem, generating ideas, testing solutions, and implementing change. Design thinking serves as a compass, guiding us through these phases with empathy and intention. "One idea, one solution at a time." What inspires you today? #Innovation #DesignThinking #BusinessGrowth #letstalkbusiness #nextbigthing

Innovation is the mantra for this era. But how do we put this buzzword into action and effectively at that? 🤔 Well here are some key insights I got from the course : Leading with innovation. First, innovation often faces significant hurdles within organizations eg : a) Earnings pressure where companies become trapped by investor expectations b) Fear of cannibalization - the hesitancy to disrupt existing product lines The solution? Design thinking. One should aim for zero distance between product/service and user. Analyze multiple dimensions as well eg: physical, economic, cognitive, behavioral, and emotional. Lastly, here are some innovative practices to consider: 💡 Frugal innovation: Maximizing affordability of products without sacrificing quality. 💡 Social innovation: Creating solutions promoting the common good. By focusing on user needs and embracing these approaches, we can break free from traditional constraints and drive meaningful innovation. #Innovation #DesignThinking #BusinessStrategy

We throw around the word 'innovation' a lot, but where did it even come from? The term actually dates back to the late 1500s and is not so buzzy. ‘Innovation’ derives from the Latin word ‘innovare’, meaning ‘to renew’ or ‘make new’. Intriguing, right? At its core, innovation isn't just about flashy new gadgets or groundbreaking inventions. It's about the constant renewal of ideas, processes and products. Companies don’t need a culture of innovation, they need one of renewal. Did you think of a new way to improve supply chain? A different way to communicate with your customers? These are all innovations, but perhaps not the sexy ones we all want to talk about. So how can we, as professionals, truly embrace innovation as renewal? Here are a few tips >> ⚡ Rethink your assumptions: Assumptions are influential and can take time to break down. Try to identify assumptions and see if they are actually right.  ⚡ Look beyond your industry: Innovation often sparks from unexpected places. See what other sectors are doing and explore potential crossovers. ⚡ Mindspace for mistakes: Give employees the time to experiment and take calculated risks. Celebrate failures as learning opportunities. ⚡ Focus on customer needs: Innovation isn't for innovation's sake. Solve real problems and create solutions that add value to your customers' lives. ⚡ Look beyond one type of innovation: Even if you are a product or SAAS company, your innovation might come from elsewhere. By understanding the root of innovation and fostering a culture of renewal, companies can move beyond buzzwords. What are your thoughts on fostering a culture of renewal vs innovation? Let us know if we're on to something with this idea of renewal 👇 #innovation #servicedesign

Today, innovation isn’t just a buzzword; it’s a strategic imperative roadmap. Tips for #ChiefInnovationsOfficers on navigating the delicate balance between upholding proven strategies while fostering and promoting #innovation. https://hubs.li/Q02tyQpm0 via Spiceworks #Strategy