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In 1892, George Eastman formed the Eastman Kodak Company to “make the camera as convenient as a pencil.” The idea took off and by the early 20th century, Kodak had become one of America’s largest companies and Eastman one of its most successful entrepreneurs. What made Kodak so successful was not just its products
Kasia Hein-Peters's insight:
Kodak will remain an example of failed innovation culture, leading to bankruptcy...
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Innovation is an iterative process. You can create a detailed plan for how to innovate, but these strategies rarely survive their first contact with the market. “Everyone has a plan until they get punched in the face,” said boxer Mike Tyson. Success comes when you learn to adapt. It is more important to have the right people and mindsets in place than to have a perfectly crafted plan.
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How to embed design thinking into corporate culture.
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One key goal for the recent innovation units settled by large companies is to accelerate the speed of innovation. But why do we need to fasten innovation? What principles should an innovation center embody? And how can it be implemented?
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The key to how IBM innovates is that it manages to create collaboration among all the moving parts—not only internally, but externally as well—into a key competitive advantage.
Kasia Hein-Peters's insight:
"While other companies think in terms of quarters or years, IBM thinks in terms of decades—or longer."
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Many articles these days talk about reasons why companies should consider innovation as a core discipline. A quick Google search on “why innovate” produces 23,600,000 results. There is a plethora of opinions regarding innovation and why it is important. Competition is usually one of the reasons but not the only one, especially when looking how the world will be in the near future. Innovation becomes a critical survival skill when looking at...
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What increasingly demanding consumers mean for organizations and why blue ocean thinking is imperative for your success.
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idea people? Not only are these individuals creative idea people themselves, they cultivate creativity in those around them with amazing ease. I call them
Kasia Hein-Peters's insight:
Who is an idea-magnet in your organization?
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Research proves* that setting limits on your creative work forces sharper thinking. It’s a proven method that’s been used successfully in some of the biggest creative organisations in the world. But how do you limit creativity without limiting it? Everyone has their own method of coaxing their...
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Watch the video «Discovery Driven Growth Harvard Business Review Video HD» uploaded by discovery on Dailymotion.
Kasia Hein-Peters's insight:
Test your assumptions before you invest too much
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Clay Christensen says everyone misunderstands his theory of disruption — here's what it really means
The theory of disruption has become increasingly misunderstood as it's become increasingly mainstream.
Kasia Hein-Peters's insight:
I hear about "disruption" so much and it means so many things to people that it is high time for the author of this idea to remind us what it really means.
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When innovation and creativity are competitive advantages, creating the conditions for employees to have insights—self-generated realizations, or “Ah-hah!” moments—would seem to be a smart strategy. But typical work environments and corporate expectations can squelch insight …
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Business Mirror
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The innovation book Robert’s Rules of Innovation: A 10-Step Program for Corporate Survival establishes a foundation of 10 Key Imperatives intended to help everyone from beginners to seasoned innovators. These 10 simple and practical steps create a structured, repeatable innovation process to Create and Sustain Innovation in order to Innovate and Thrive in
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A light bulb went on for me as I was reading a series of reports from Deloitte University Press on disruption. When I was reading this, I remembered the terrific value we all seemed to have obtained from the pioneering work of Doblin and its ten types of innovation when it came out some years
Kasia Hein-Peters's insight:
9 patterns of disruption by Deloitte University Press
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Here are seven metaphors to help you drive innovative behaviour as a creative leader. 1. Lift the veil - why does your organisation want to innovate? If your top management team plans to launch an innovation initiative, have them answer three questions first:
Kasia Hein-Peters's insight:
Share your insight
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Innovation has a problem - too many small ideas, and not enough big ones. Understanding the psychology of innovation can help us address this.
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Braden Kelley is a popular innovation keynote speaker who does workshops, masterclasses, webinars, white papers, and training for organizations all around the world on innovation and change management.
Kasia Hein-Peters's insight:
Innovation is about creating value. In order to achieve it, 8 I's of innovation are necessary according to author Braden Kelley: inspiration, investigation, ideation, iteration, identification, implementation, illumination and installation.
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The ten-year expanded edition of Blue Ocean Strategy came out this year. Blue ocean strategy continues to grow in popularity across the world and is widely used in practice and in MBA and executive education classrooms. INSEAD Knowledge interviews Professors W. Chan Kim and Renée Mauborgne to understand the strategic edge it brings, its impact on business education at INSEAD and around the world, and what we can expect in the future.
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This article describes the top 6 techniques for developing innovative business ideas. Learn about 10x thinking, first principles method, eliminate-reduce-raise-create grid, visualizing the future and introducing new facets to established industries.
Kasia Hein-Peters's insight:
Very useful innovation techniques
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Forbes
Kasia Hein-Peters's insight:
Don't let these myths to stop you from innovating
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The first rule of innovation is, you do not talk about innovation. When all of those around you are claiming to innovate, you need to do something different.
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An old marketing adage is that half of a company’s advertising is effective, we just don’t know which half. A similar conundrum faces innovators and product developers, with the best companies finding success with about half of the products they create (and the odds are much worse for average companies).
Kasia Hein-Peters's insight:
Seems like a no-brainer, yet is not done routinely... We think that we know better.
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Successful business model innovations (BMI) can disrupt entire industries and change the rules of the game.
Kasia Hein-Peters's insight:
Pivoting as an innovation strategy (never heard about pivoting? me neither, until I read the article)
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From
hbr
A decades-long effort to understand why great businesses fail.
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