Not 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.
Tag: innovation (Page 2 of 2)
This article is an extract from the article by Thomas Frey, a well-known futurist
Humanity will change more in the next 20 years than in all of human history.
By 2030 the average person in the U.S. will have 4.5 packages a week delivered with flying drones. They will travel 40% of the time in a driverless car, use a 3D printer to print hyper-individualized meals, and will spend most of their leisure time on an activity that hasn’t been invented yet. The world will have seen over 2 billion jobs disappear, with most coming back in different forms in different industries, with over 50% structured as freelance projects rather than full-time jobs…
The leading authority on disruptive innovation is Professor Clayton Christensen of Harvard University. This article is an extract from various articles about his ideas.
As companies innovate, sometimes faster than their customers’ needs evolve, they eventually end up producing products or services that are actually too sophisticated, too expensive, and too complicated for many customers in their market. Remember the mainframe computer that cost millions of dollars and was so complex only a few select organizations could use it?
Recent Comments