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Can’t We All Just Get Along? Innovation and Bridging the Generational Divide
How to Fine-Tune Working Relationships between Boomers and Millennials to Create Harmonious Innovation Teams The innovation book Robert’s Rules of Innovation: A 10-Step Program for Corporate Survival lays out a step-by-step framework of 10 Key Imperatives that an organization must take to achieve profitable business growth through innovation. While a structured, repeatable innovation process is…
Read MoreCreating 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 MoreManage 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,…
Read MoreHappy Labor Day: Ownership is Risk Taking
Labor Day, the first Monday in September, is a creation of the labor movement and is dedicated to the social and economic achievements of American workers. For some, Labor Day signifies the end to sunny summer days. For others, it constitutes a yearly national tribute to the contributions workers have made to the…
Read MoreValue Creation – Optimize Your Sustainable Innovation Programs
Following Robert’s Rules of Innovation, Value Creation is the key to optimizing sustainable innovation programs within your organization. Successful innovation is the process of using intellectual capital to create a financial return by creating a new product or service. While the value of the idea is important, adding the perceived value of your customers will…
Read MoreInnovation Balancing Act
On June 15th of this year, Nik Wallenda became the first person ever to walk across the roaring Niagra Falls on a 2-inch wire. After battling wind swells, and thick mist, Wallenda completed his walk crossing from the United States into Canada. He was greeted by a Canadian customs agent who asked,…
Read MoreValue Proposition: The Key to Successful Innovation
What defines successful Innovation? Innovation is the process of using intellectual capital to create new products or services that generate positive business results in the form of financial returns. Discovering new findings then spurs more innovation which leads to further financial returns, and so on. Innovation is successful when positive outcomes result in return on…
Read MoreCashing In On Intellectual Property
Maximizing Innovation by Translating Intellectual Property into Revenue What’s in your IP cupboard? Progressive companies create innovation teams. They invest countless man-hours, dollars and other resources in investigating and pursuing innovation. Yet they often leave their intellectual property untouched, thereby failing to translate patents and other IP into revenue opportunities. American industry and academia hold…
Read MoreRedefining Innovation’s True Reward: Amassing Intellectual Property and Value Creation
What is the ultimate goal of process-driven innovation? Open a bottle of Coca-Cola – and read its performance reports – to get a true taste of the answer. In 1980, the Coca-Cola Company was struggling, and its market share was underperforming compared to its competitors. So at a worldwide management conference in 1981, CEO Roberto…
Read MoreValue Creation: The Ultimate Goal of Innovation
Why innovate? Some would argue that companies innovate to achieve a heightened competitive advantage, streamline the organization, or create intellectual property – including patents, trademarks and other protected property – that create value in the portfolio.
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