Given the magnitude of the number of flights per day and millions of gallons of fuel used per month, any efficiency that can be gained makes a huge impact. http://www.forbes.com/sites/pikeresearch/2015/07/08/airline-industry-innovation/Read More →
Back in 2013 this article hit home and it looks like we are still in a similar place. Simply soliciting ideas is not a game changer. Investing in a platform or system or just forming an innovation team is not the answer. Everyone’s got ideas, it just comes down to whether they’re tied to corporate objectives, have a likelihood for success, can be measured, The correct culture is in place and the investment is truly understood. My position on innovation, which is not unique, is that innovation is achieved only after an impact is made regardless of whether it is big or small (big I vsRead More →
The Cowboys have become the first team in the NFL to utilize the technology, sources told ESPN and Re/Code, with software provided by Silicon Valley-based STRIVR Labs. http://www.nbcnews.com/tech/innovation/dallas-cowboys-use-virtual-reality-n371581Read More →
What does it mean to be truly innovative? And what is just the natural progression of product design and improvement? I have read many articles on the topic and have had many conversations as well. I believe there is general acceptance on the basic meaning of innovation. The definition I use to describe true innovation is: Non-obvious information and activity related to a product or process that yields value Let’s explore the definition. “Non obvious”, if there is a generally accepted gap or well-known weakness, the fact that a company solves it is not innovative, it’s just common sense. If a company comes out with a newRead More →
How does your company measure innovation? If your like many companies both big and small, it has been a challenge to measure anything but a change to top line revenue. As you formulate the processes that are part of your organizational innovation engine, consider the defining the following 4 items: A framework of capturing, reporting and making adjustments based on the key metrics related to innovation ROI related metrics evaluating all possible inputs associated with innovation Metrics related to capacity, ability and location of resources both internal and external. Process metrics such that a lean approach can be an outcome based on cycle time andRead More →
As you approach innovation and motivating your work force, is there hesitation? Fear of failure? How many times did you fail today? Was it a good fail or a bad fail? Iteration is core to the engine of innovation producing results. Setting the stage for good failure, that being within preset boundaries and related to core business objectives, is essential.Read More →
The DOI theory developed by E.M. Rogers in 1962 is just as much applicable today as it was in the 60’s. Diffusion of Innovation is concerned with the manner in which a new technology or invention idea grows from from idea to product to use. There are 5 adopter categories shown in the bell curve above. Innovators – People who want to be the first to try the innovation. These people are very willing to take risks and like to try new ideas. Little needs to be done to appeal to this population. Early Adopters – Opinion leaders who embrace change opportunities. They do notRead More →
As global companies invest billions each year in R&D and innovation, the differentiators often comes down to the techniques and resources that are involved. Denning and Dunham provide the basis for any leader who has the objective of driving innovation in their company. The “Structure of innovation practices” is a solid model that details non sequential processes critical to innovation success. There are many books out there that have the word innovation in the title, and who has time to read all them. This book is different in that it actually takes you through the “process” of innovation. Key to leveraging the concepts isRead More →
LinkedIn founder Reid Hoffman famously said, “If you are not embarrassed by the first version of your product, you’ve launched too late.” I have to agree… There is value in Failing Fast or at the very least getting the MVP to market to test a model of product. Failing is normally feared within an organization, and fear of failure does not lend itself to failing fast. “Fail To Innovate” is a book I am currently writing and explores the psychology around an organization’s fear of failure and how to develop the culture where iteration and the failure of the majority of the iterations is aRead More →
Ready, willing and able Innovation is a process that requires individuals to pursue a target. In order to achieve success resources on your team need to “want” to innovate and know “how” to innovate. As leaders in an organization, the most important job you have is creating the culture that wants to innovate. That see the value and gets genuinely excited about the outcomes and journey. Secondly, the internal process, tools and formation of teams focusing on innovation needs consideration and strategy to address the “how” portion. Having all the excitement in the world but pursuing a path that leads to lack luster results viaRead More →