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How Does Your Company Match Up to the GE Innovation Barometer?

The GE Global Innovation Barometer conducts annual surveys to put a finger on the pulse of innovation around the world. The survey was conducted earlier this year with over 3,200 high level business executives from over 26 countries participating. The executives surveyed are those chiefly responsible for their company’s innovation development.   This year’s survey touched…

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Risk is an Imperative for Sustainable Innovation

  Over five thousand failures for just one success:  When Thomas Edison discovered the light bulb it took him 5999 tries to get it right.  Edison is quoted as saying, “Every wrong attempt discarded is a step forward.” Of the ten imperatives to Roberts Rules of Innovation, “No Risk… No Innovation” is arguably one of…

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Manage Innovation to Drive Value Creation

The fundamental purpose of Innovation is to create value that translates into enhanced stakeholder/shareholder value. Sustainable process-driven innovation transforms ideas into vital intellectual property, Intellectual property into revenues, and revenues into increased stakeholder value. While the creation of the idea is important, the creation of value for the customer is equally paramount.   In many companies,…

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Leading for Innovation

Creating a company culture and mindset focused on innovation begins with proper training and coaching from leaders within the organization. From top to bottom, from executives to newcomers, everyone must be included in training and coaching programs. When you develop, support, and educate your workforce, employee engagement soars and innovation becomes reoccurring and sustainable.    …

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Innovate With Purpose: Idea Prioritization

Idea Prioritization  Ideation and idea management pack the front end of the New Product Development (NPD) funnel with a wealth of viable concepts. One of the toughest processes in innovation is idea prioritization. Idea prioritization is about how you invest your company’s product development resources. Most companies have too many projects underway for the limited resources available.…

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Forecasting Innovation: Observe and Measure for Future Success

When creating innovation, it is vital to set metric goals and track these metrics. One of Robert’s Rules of Innovation, “Observe and Measure,” in terms of the performance of the program implementation, needs to be built-in as a critical and recurring element. Though many companies measure past innovation by studying lagging indicators, Robert reminds us to measure…

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Accountability Supports Sustainable Innovation

Without risk there can be no innovation, but what happens when success is finally achieved?  In order for innovation to be sustainable it must be driven by a structured management approach that strives for accountability, invention, and re-invention. Back in December, Innovation Enterprise held a Chief Innovation Officer Summit in New York City. One of the best discussions…

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Re-framing Innovation Strategy in 2014

  Innovation “strategy” is no longer king. In today’s business world, uncertainty is virtually inescapable. It goes without saying that without risk, there can be no innovation. However, today’s climate requires that business leaders and innovation champions reframe how they approach innovation.   Albert Einstein is quoted as saying, “If I had an hour to…

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The Best Innovation Bloggers & Articles of 2013

January brings with it new resolutions and reflections on the past year come and gone. In 2013, we watched as Pope Francis took office as head of the Roman Catholic Church. We followed the Zimmerman trial, and welcomed the royal baby to the world. In 2013 google glass hit the market, the government shut down…

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“Inciting Discovery, Inspiring Change” #CINONY

Earlier this month, Innovation Enterprise held a Chief Innovation Officer Summit in New York City. The Summit brings together innovation leaders from a range of industries to “incite discovery, inspire change & facilitate a cross-pollination of ideas”. Panelists from some of the most innovative companies such as Pfizer, Disney, Sony, and NASA discussed innovation best…

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