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Tag: innovation (page 1 of 2)

Secrets of Innovation – The Five S Solution

Based on an extract from a web article by Toni Newman

secrets of innovationEveryone believes they have innovative ideas but the reality is only a small percentage of innovative ideas turn out to be huge successes. The vast majority of these so-called innovative ideas do not succeed because they are actually not that innovative at all. In fact, some research estimates suggest that as many as 80%-90% of these innovative ideas fail. After 20 years of studying thousands of innovative ideas – including the successful, the semi-successful and the downright disastrous – we have reached the conclusion that there are 5 simple secrets to innovative ideas that get BIG results..

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Business Model Innovation – 5 Common Strategies

business model innovationBusiness model innovation is about identifying new ideas to create and deliver additional value to clients. There are many ways of course but here are the five most common strategies.  Continue reading

Three Types of Innovation – Product, Process and Business Model

types of innovationThere are different ways an organization can innovate. Essentially, there are three types of innovation: product innovation, process innovation and business model innovation. These types of innovation can include breakthrough innovation (very rare) or incremental innovation(much more common). To stay relevant, all organizations big or small need to consider each of thesetypes of innovation at some stage.

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Idea Generation – 5 Brilliant Techniques You Can Use

idea generationWhether it is your business you are trying to change or your life, you need idea generation techniques to come up with new and novel ideas to get different results. Now of course there are hundreds of techniques and approaches. However in my opinion, there are 5 brilliant techniques that are particularly effective. The 5 techniques are listed below and it is important to note that each one of these is a standalone techniques that can suffice on its own or work in combination with each other.

 

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Creativity for Ordinary People

creativity for ordinary peopleNo, creativity is not just about a guru coming out with that earth-shattering idea or product. We are talking here about creativity for ordinary people. How does an ordinary person create difference and innovation in their average day at work or at home? So whether you are an executive, an entrepreneur or a housewife, here are some techniques for you to unleash your creativity…

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Creativity and Innovation using SCAMPER

creativity and innovationThere are many creativity and innovation tools out there for deployment in the workplace but there is one tool – or rather a brainstorming technique – called SCAMPER that can help you to generate  a lot of ideas for development of new products/services and especially for innovating existing products/services…

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7 Stages of Innovation

7 Stages of InnovationNot all innovative ideas convert to success. In fact, the vast majority of innovative ideas do not succeed. So when converting an idea into reality, are there some key processes within the innovation program  that can help to secure higher success rates?  Turns out that innovation is indeed a series of processes that can be thought of as the 7 stages of innovation.

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