Innovation Strategy

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5 Innovation Trends of 2018 that will Disrupt the Corporate Landscape in 2019

2018 has very much been a year of “epic partnerships”. The Avengers teamed up with the squad from Guardians of the Galaxy to face down Thanos. Prince Harry finally tied the knot with Meghan Markle. Even North and South Korea walked under a united banner at the Winter Olympics.Things have been no less epic on the corporate innovation front. Companies...

Bringing Your A-Game: What Game Theory Can Teach Us About Innovation Management

If you were one of the approximately 3-4 billion people who tuned into the world cup last year, chances are that work took a backseat to football on more than one occasion… However, don’t start feeling guilty just yet. Beneath the excitement and panoply of the world cup lies a broad range of core mechanisms and mathematical formulae that are...

Choosing the Digital Transformation Strategy that is Best for Your Company

In one of the Sherlock Holmes stories, Dr. Watson remarks about a client and how attractive she is. “Is she?” says the detective. “I didn’t notice.” In response to his partner’s quip that he really is a human automaton – lacking of emotion – Holmes replies that he is taking emotion out the equation, since it might compromise his detective...

The EA Error (Why Failing to Learn from the Top Innovative Companies Can Spell Disaster)

A Problem, there Is… In late 2017, video game company EA was in the final stages of releasing a long-anticipated game, Star Wars Battlefront II. One player was surprised to discover that it would take a total of 40 hours of gameplay to unlock just one of the main characters (such as arch-villain Darth Vader or ultimate hero Luke Skywalker) which...

Disruptive Innovations Highlight a Specific Dilemma for Legacy Financial Institutions

The innovator’s dilemma, across industries, is that in order to become great, a company has to do many things right. It must listen to its customers, direct its investments to the highest-return opportunities, improve the quality of its products, manage its relationships with suppliers, correctly assess and cope with competitive threats, all amongst many other time and resource consuming activities....

Three Reasons for your Company to Write an Innovation Charter

    Using corporate innovation tools A lack of executive leadership is one of the most commonly mentioned reasons for the failure of innovation. This leadership vacuum usually comes in two varieties. The company’s CEO loudly declares “Let’s innovate!” and then forgets about it, leaving the nascent innovation team fight alone against the overwhelming forces of inertia and resistance. Or,...

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