The Q-Review

Innovation Insights from across the Net

Welcome to The Q-Review – Qmarkets’ recap of some of the best innovation insights on the web! In this space we plan to bring you the most interesting powerful and helpful ideas from the world of innovation, searching the net to bring you the latest and greatest stories in innovation as well as our recent blog posts, highlighting innovation uses in the real world.

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Learnings from MWC: Ingenuity and Creativity Can’t Do It Alone

When Gerardo Mazzeo, Global Innovation Director at food and drink giant Nestle, visited the Mobile World Congress in Barcelona, he saw something aside from just startups, hailing from all across the globe, from Silicon Valley to Tel Aviv and everywhere in between. Mazzeo saw innovation being put into use.

As the lead for HENRi@Nestlé, Nestle’s flagship global open innovation platform powered by Qmarkets, Mazzeo has a front seat to the processes and themes driving innovation today. He says “The technology and innovations that we have at our disposal today are still a massive untapped resource… the opportunity is here now. The exciting part is seeing how early-stage companies will choose to apply the technology that we have to make a genuine impact today.” The quality of innovation is incredible – but how can the innovation be harnessed to address mankind’s challenges? 

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Innovation is dead; Long Live Innovation!

Much like the way the internet as we knew it made place for Web 2.0, so here Professor Jay Rao argues that Innovation has been replaced by Innovation 2.0,...

Much like the way the internet as we knew it made place for Web 2.0, so here Professor Jay Rao argues that Innovation has been replaced by Innovation 2.0, or systemic innovation. Rao shows us the case of Whirlpool, which started out with a 75 person innovation team that came up with just one idea. When Whirlpool changed tactics and made everyone in the company a part of the innovation team, their results skyrocketed, with 20% of the 2008 revenue coming from innovative ideas which stemmed from within the company. 

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Creating A Digital Innovation Factory

Many companies see digital innovation as something that comes as a result of technological breakthroughs, and assume an attitude of "We don't know how to do that". Laurent-Pierre Baculard,...

Many companies see digital innovation as something that comes as a result of technological breakthroughs, and assume an attitude of "We don't know how to do that". Laurent-Pierre Baculard, head of Bain's Digital practice for Europe, the Middle East and Africa would argue that digital innovation is as much about leadership as it is about technological advances and that companies who want to embrace digital innovation don't need to be technological powerhouses - they just need to change the way they innovate, forming a culture of constant innovation within the company.

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The Marketing Industry’s Obsession with Innovation

Innovation isn't a thing. It's a way of thinking, a corporate culture that can lead to ingenious ways to solve existing problems. The best way to be innovative is...

Innovation isn't a thing. It's a way of thinking, a corporate culture that can lead to ingenious ways to solve existing problems. The best way to be innovative is to understand your customers and their needs, their problems and their challenges. This article uses the case study of lead generation as an example for the entire innovation process, providing five basic questions that need to be answered for your innovation process to be a success.

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Cowboy? Builder? Blabber? Do you Recognize Your Company’s Innovation Style Here?

Companies pride themselves on having an innovative culture, whether it's something driven from the top-down, or a grassroots innovation program that is slowly climbing through the company. In this...

Companies pride themselves on having an innovative culture, whether it's something driven from the top-down, or a grassroots innovation program that is slowly climbing through the company. In this very interesting article, we outline eight different styles of innovation culture, from the gutsy cowboys to the methodical builders and all the way to plucky bootstrappers. What kind of innovation culture do you have at your company?

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Why Specialists Might be Hampering Innovation in Digital Transformation

The importance of innovation to digital transformation cannot be measured. At the same time, it stands at loggerheads with one of the core tenets of digital transformation, that of...

The importance of innovation to digital transformation cannot be measured. At the same time, it stands at loggerheads with one of the core tenets of digital transformation, that of an expert specializing in a certain area. Specialization can actually be quite harmful to the digital transformation process in the long run, since as a result, specialists may be less willing to think outside of their particular box, something which is an innovation necessity.

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Missing in Innovation Action

CEO's talk a lot about the need for innovation in their companies. In a recent survey by PWC, 97% of the 246 CEO's asked stated that they value innovation,...

CEO's talk a lot about the need for innovation in their companies. In a recent survey by PWC, 97% of the 246 CEO's asked stated that they value innovation, innovation is one of their priorities, or is their primary focus. It seems, however, that executives are better at talking about innovation than actually innovating. CEO's need to be taking a hands-on approach to innovation if they are succeed.

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Three Things: What Is Disruptive Innovation?

All companies are looking for Disruptive Innovation, that one thing that will knock an established giant out of the ballpark, much like what happened to Kodak, BlackBerry and Blockbuster....

All companies are looking for Disruptive Innovation, that one thing that will knock an established giant out of the ballpark, much like what happened to Kodak, BlackBerry and Blockbuster. Several companies which were able to produce successful disruptive innovations are the oft-mentioned Uber and AirBnb, which greatly disrupted the taxi and hotel industries, respectively.

Professor Michael Lenox, from the Darden School of Business at the University of Virginia, outlines three steps for successful disruptive innovation by looking at successful disruptions from the past. Lenox notes that most disruptions follow similar patterns, and if you can understand and embrace this pattern, you can increase your chances of creating your own successful disruptive innovation.

 

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The Eight Attributes of Bottom-Up Innovation Leaders

Innovation can come from two directions. Top down innovation is fueled by a strong vision and is guided by the hand of a top-level executive. Bottom-up innovation comes from...

Innovation can come from two directions. Top down innovation is fueled by a strong vision and is guided by the hand of a top-level executive. Bottom-up innovation comes from the employees, and is supported by low- and mid-level management who can be counted on to advance innovative ideas up the chain of command. If your company is embracing bottom-up innovation, these are the traits that your innovation leaders are going to need to have.

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Building a Successful Open Innovation Ecosystem

The old fashioned model, where interaction between a company and the outside world was done through limited departments (marketing, sales, logistics, etc.) is no longer viable. Companies must have some...

The old fashioned model, where interaction between a company and the outside world was done through limited departments (marketing, sales, logistics, etc.) is no longer viable. Companies must have some form of external network which they can use to drive innovation. This excellent piece provides in-depth information on how to properly utilize an open innovation network to drive success. 

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Why Misfits Are the Best for Innovation

Having the right innovation team can make the difference between a successful innovation project or a black hole where ideas, funds and careers disappear. This is the reason why,...

Having the right innovation team can make the difference between a successful innovation project or a black hole where ideas, funds and careers disappear. This is the reason why, if given the choice, most employees and professionals will choose to avoid being part of an innovation team. It seems that the risks far outweigh the benefits. If you succeed, you're merely doing your job, but if you fail, there will be consequences.

Common sense would say that your innovation team needs to be the best of the best, led by someone even better. But what if the opposite is true? If the best don't want to take part in the innovation process, take it in the other direction. Embrace their refusal, and like a true innovator, turn a disadvantage into a tool. Instead of a group of professionals, gather around yourself a group of misfits, who enjoy proving everyone else wrong, and create your ultimate innovation team!

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From Our Blog

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Can Crowdsourcing Help to Break Down the Biggest Obstacle in Market Research?

The Wall of Separation You can’t see it, but it’s there: a towering wall, stretching from horizon to horizon, that separates 90% of all workers from the customers that...
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Can Crowdsourcing be used to Create Operational Excellence?

Operational excellence is a business principle which is currently supported by a range of process management tools and methodologies, however, these approaches fail to utilize the most valuable resource at...
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Why Financial Organizations Must Fight Digital Disruption with Digital Disruption

The term ‘Digital Disruption’ describes the situation where an existing industry is being altered by emerging digital technologies. These new technologies lead to innovations, often creating new markets and...
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Qmarkets & Intesa Sanpaolo Card: Tailoring Innovation Management for the Finance Industry

Intesa Sanpaolo Card Intesa Sanpaolo Card is a provider of payment solutions, which was founded in 2009 as a member of one of the largest banking groups in Europe....
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Swiss Post & Qmarkets – An Innovation Management Success Story

Qmarkets currently maintains successful deployments with over 200 customers across the globe, ranging from multinational fortune 500 companies such as Total, Nestle, and PMI, to high-tech SMEs such as...
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