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Category: Innovation

Innovation is at the heart of any great business. But how do you know which ideas are worth pursuing? These articles will show you how to harness creativity in your business and how to keep innovating and trying new things. You'll learn how to stop wasting time and why failure can be positive. 

Collaboration is key to innovation

collaboration

In an ever more digital and connected world, business leaders must collaborate to innovate.

Cisco’s ‘ecosystem innovation’ process differs from a more traditional form of collaboration between companies. Instead of research and development alliances Cisco’s process is designed to explore opportunities and develop and test solutions with end users in a short space of time.

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Turn your brainstorm into a marathon

brainstorming

Is the best solution still germinating when the average brainstorming session ends? Take more time to let creativity flow.

The long-established brainstorm model puts a group of colleagues together for an intensive hour or two to come up with as many ideas as possible. When embarrassing silences kick in, it’s generally accepted that the well has run dry and the session will fizzle out.

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Your three key players in the race for innovation

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Startup companies will naturally have a keen eye for innovation as they work out their route to the top. But larger, long-established companies can keep pace with the new kids on the block by maximising the talent at their disposal.

You probably have some excellent talent on your teams. But how do you motivate it to come up with cutting edge ideas and deliver results?

 

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Five breakthrough leadership lessons

John Kirby

Five key leadership behaviours lay behind rare ‘breakthrough’ success in the consumer packaged goods (CPG) business.

‘Breakthroughs’ are products that expand or create new product categories – often required to maintain or grow a company’s market share. In the CPG market, 80% of growth comes from 1% of brands. Breakthrough success is so rare that of 3,500 new brands only 18 made the grade.

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Four ways to respond to market threats

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Most companies face threats to their core business – but not all threats are alike. Recognise different types of disruption to create the right response.

Imagine a new product comes along and threatens your existence. Should you rush to copy the new entrant, or focus on your existing products and services?

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How to get your team’s creative juices flowing

Tim Arterbury

A counterintuitive approach may be the way to make groups think more creatively.

Your team is stuck for new ideas. It seems they have come to the end of the road and are just regurgitating old suggestions.

Some people think creativity is a random process; others believe it can be taught in a classroom.

 

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How to achieve corporate longevity

skyscraper-compressor

The secret to staying the distance lies in your company’s ability to simultaneously exploit existing markets while exploring new ones.

When digital photography threatened celluloid film, Fujifilm managed this tricky balancing act while Kodak went bust.

Don’t leave your firm vulnerable to market disruption. Discover the the key to your firm’s long-term prosperity.

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Five behaviours that create a culture of innovation

pony

Inspire innovation by forging ahead on the path you want your employees to take.

Thriving in the face of industry disruption means creating a company culture that champions innovation. Start by changing your own habits and attitudes. Your employees will follow where you lead and the impact on company culture will be profound.

Here are five key behaviours that drive innovation.

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Create your firm’s future today

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What you do today determines your company’s future. The most successful firms learn to detect, analyse and capitalise on the earliest signs of emerging trends.

Writing for Harvard Business Review, Vijay Govindarajan describes how firms can master "planned opportunism" – a systematic process of detecting and interpreting the first signs of future developments in everything from customer behaviour to technology – and use these insights to reimagine your company’s future.

 

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Innovation advice for CEOs

innovation-advice-for-ceos

The CEO’s “innovation nightmare” is described by G. Michael Maddock and Raphael Louis Viton on Bloomberg Businessweek, as they impart some advice for chief executives…

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