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Creating a Structured, Repeatable Process For Innovation
Established companies do not easily reinvent themselves. History shows us that Innovation is often the strategy of startups – but not only is it important in getting to the top, innovation is necessary in order to stay on top. New talent, new techniques, and new products are all needed to stay abreast of the competition.…
Read MoreObservation, Measurement, and How They Lead to Sustainable Innovation
The degree in which a company prioritizes sustainable innovation can often become the difference between a successful business and a struggling business. True innovation does more than just meet the immediate exigency of consumers and clients; it anticipates those demands and needs, providing products and/or services that radically changes the landscape of the marketplace. However,…
Read MoreThe World’s Most Innovative Companies: Risk, Observation, & Measurement
Every year Fast Company reveals its list of the world’s most innovative companies of the year. With the topic of innovation front and center, Fast Company considers themselves to be a progressive media brand “written for, by, and about the most progressive business leaders”. For the most part, this year’s top 10 listing comes as…
Read MoreObserve and Measure – Fueling Continuous Improvement
Of the Ten imperatives of Robert’s Rules of Innovation, Observe and Measure is the step that fuels continuous improvement within your organization. Without tangible metrics, innovation may not be recognized as successful or overlooked when failing. These metrics allow your company to track your progress and success during each step of the process. It is…
Read MoreSustainable Innovation Metrics
Of the 10 imperatives of Robert’s Rules of Innovation, Observe and Measure is one of the most vital. Innovation is ultimately about Return on Investment. A system of metrics will objectively show your progress and success each step of the way. It’s essential to follow a course of action that produces ongoing improvement, and sustainable and…
Read MoreInnovation from a “Gemba” perspective
When was the last time you approached your business as a customer? Have you ever placed an order for your own product, and followed its path from start to finish? It may be time to start. It may be time for a Gemba Walk. Competitive business strategy requires effective planning, development and growth. It demands innovation…
Read MoreFive Key Innovation Questions to Ask
There are plenty of reasons to innovate. Especially now more than ever before, sustained Innovation is the means to developing marketplace showstoppers that lead to profitable growth. Innovation is not a luxury that can be placed on the back burner, even for today’s successful companies. So before beginning your next innovation effort, here are some…
Read MoreHow to Measure Innovation
No matter if it’s a test score, sports game result or a sales figure, what we measure is what goes down in history. After all, “what’s measured is treasured.” It’s human nature to look back at past results as a basis for comparison and for improvement in the future. For this reason, it is absolutely…
Read MoreObserve & Measure for Continuous Improvement
Of the ten imperatives of Robert’s Rules of Innovation, this step is all about continuous improvement. It is necessary to Observe and Measure throughout the Innovation process, or else, how would you recognize successful Innovation? A system of metrics will objectively show your progress and success each step of the way. Plan. Do. Check. Act.…
Read MoreObserve & Measure: When Validating Innovation, ‘What’s Measured Is Treasured’
Innovation may be vital to creating competitive advantage. But how costly is ineffective innovation? That is, if a company sets out on a new product or service development initiative – and that effort fails along the way for whatever reason – what has been lost? Investments in time, effort, capital – even reputation?
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