HUNGARY Home of the best-selling toy of all time – the Rubik’s Cube Hungary ranks 33rd in Global Innovation Index 2018. It stands out on a global scale with its successful effort to translate investments on education; a high number of qualified researchers and high R&D expenditures converted into high-quality innovation outputs. In early […]
Was innovation always the first solution we reached for? History of Business Innovation https://www.giminstitute.org/index.php/product/game-changers/ Innovation has always been with us: it is one of the main motors of economic development and progress. However, it has taken a long time for it to emerge as one of the central subjects of business activity and theory. It […]
What is innovation and why is it important? Why do companies need to innovate? Let us look at successful companies in the past 30 years to understand why innovation is important in an organization. In the 1980s, there was Kodak and Delphi. At the time, every moment, every event was captured with film cameras typically from Kodak. […]
In order to better help our customers who are running innovation programs, IdeaScale does a great deal of research into our customer’s goals, usage, organization, and performance and this year we were startled by one of the trends that we discovered in our customer data. Even though IdeaScale customers are reaching out to their entire […]
By: Bert Fickel So often, I’m asked about best practices on how others have developed innovation within their company. While it’s not easy, there are some basic guidelines that can drive improved results. Are Your People Ready To Drive Innovation? Very often, only a few high level folks have the right skills and yet so […]
By: Dr. Irene Spitsberg, the Managing Director at InnoVentures LLC Large companies are not start-ups and never willbe. They are designed and operate differently. To innovate effectively, large companies can’t just replicate start-up principles. Rather, they must adapt them in ways that are smart and tailored to their organization. Visionary leaders understand the marketplace is rapidly changing. […]
By: Dr. Irene Spitsberg, the Managing Director at InnoVentures LLC Organizations tend to spend most of their innovation efforts on generating, evaluating and selecting ideas. While this is important, the real challenge emerges when attempting to bring these ideas to market. For many companies, the execution of innovation continues to remain an “afterthought” rather than becoming a […]
By: Dr. Irene Spitsberg, the Managing Director at InnoVentures LLC There is myth and mystique surrounding innovation, namely that its key lies in finding great ideas and selecting the best ones. However, this quickly dissolves when these ideas meet the challenges of execution. The troubling fact is that as companies are pursuing entrepreneurial and intrapreneurial and efforts […]
By: Dr. Irene Spitsberg, the Managing Director at InnoVentures LLC Agile Innovation and Lean Startups concepts have been around for a while. But if you ever tried to apply these entrepreneurial concepts in a large company, then you know that it is quite challenging and can be frustrating. (I know this from my first-hand experience). The reason for this […]
By: Planbox Like everything else in today’s business environment getting your message across is key. Whether you are marketing a new offering, an internal memo to your staff for new business objectives, or technical specs for a an exciting invention, having a proper communications plan in place is essential to getting your message across. With […]
