Innovation, Uncertainty and Risk Management Life and business are full of uncertainties, giving rise to unexpected events that result in opportunities and threats and, therefore, a need for risk management. You must manage risk and uncertainty to develop innovation as a core competency so that you can effectively capture opportunity and mitigate threats. Risk management […]
Knowledge Management and Innovation Knowledge management is essentially the cultivation, harvesting and utilisation of knowledge.As innovation is the commercialization of new ideas, knowledge plays a pivotal role in the innovation process. It’s an essential part of making sure you capture the most from yourinnovation efforts. How to Boost Your Knowledge Management Capabilities You can gain […]
Change Management and Innovation In today’s business environment, change management is an imperative. Innovation and change aren’t things that happen now and then. They’re an ongoing and dynamic process that you must actively manage to maintain: Alignment with your business environment Your competitive advantage over the long term. You must effectively move from the relative […]
Killing Innovation Projects with The Stage Gate Innovation Selection Process An excellent approach for managing the effectiveness of your investment in innovation is the Stage Gate process. Innovation project selection and investment becomes particularity important as you move beyond the smaller low risk opportunities to large and more radical projects involving higher degrees of uncertainty. […]
How to Search for and Select Innovation Projects Managing innovation requires generating lots of ideas and saying ‘no’ to potentially good innovation projects so you can pursue those within the bounds of your resources, capabilities and strategic direction. You can’t afford to innovate at random or pursue all potential innovation projects – you must select […]
Why Empathy Matters to Innovation At our core, we are emotional beings and fulfilling our needs through innovation often requires a large dose of empathy!While innovations focussed on knowledge development are a valuable source of innovation, taking a human-centred approach to innovation is often more useful for business owners. If you are impacted by COVID-19 […]
An Innovation Framework for a New Future Given the level of disruption caused by COVID-19, many businesses are going to need a robust innovation framework in order to support effective innovation and adapt to the new normal. Innovation is a competitive imperative for all businesses, not just start-ups and large corporates. This means that owner-operated […]
Problem Solving in the New Normal Business success requires sound problem solving skills to effectively overcome challenges and capture opportunities. In today’s business environment, we are faced with a lot more chaos, interconnectedness and complexity than what existed a few decades ago. Many of the problems faced by businesses: Are complex and not easily understood […]
Post COVID Innovation Strategy With the enormity of disruption caused by COVID and the tough times that will continue to emerge, an effective innovation strategy is more important than ever. When you are you are in the thick of major change and uncertainty, it’s hard to focus on anything but ‘today’s’ problems. However, you must. […]
What is Innovation Strategy? What is innovation strategy, is a common question that business owners have. Given that innovation is critical to creating and sustaining a successful business, it’s vital to have a sound innovation strategy. Those that approach innovation on impulse typically perform poorly! It’s critical that the investment in innovation aligns with your […]
The Key Elements of Innovation Being able to manage the key elements of innovation so it becomes a focused, well-developed and repeatable activity, is a key characteristic that separates the most successful businesses from the rest. Effective ongoing innovation requires a focus on the three key elements of innovation. These are having: A well developed […]
What is Innovation? – Moving Beyond the Hype and Myths The question ‘What is innovation?’, is often surrounded by a lot of hype and mystique. Because of this, innovation is often misunderstood. This can be tremendously detrimental to those wanting to get started on their innovation journey and should be avoided at all costs. Instead, […]
