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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. 

How to improve your innovation strategy

Innovation is often viewed as more art than science.

Here's a structured approach to developing new products, using ‘patient’ and ‘impatient’ innovation strategies.

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Tailor design thinking to suit your company

Design thinking may be the go-to approach for positive change, but all too often it fails to deliver.

Discover the key steps to help your company use design thinking effectively.

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Six steps to creating an innovation culture

Your company must foster a culture of innovation in order to take advantage of the recent resurgence of corporate R&D departments.

Here's how to create an innovation culture in your firm.

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How to navigate the hub economy

The global economy is coalescing around a few digital superpowers. A winner-take-all world is emerging where economic power is now concentrated in the hands of a few digital “hub firms”.

Here’s how you can push back.

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Want to lead the next industrial revolution?

Digitisation is ushering in a dramatic change to the infrastructure underlying industrial civilisation.

If you want to be a leader of the “next industrial revolution”, you must act now.

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The art and science of decision making

Could an excessive reliance on data analysis be limiting your company’s scope for imagination and innovation?

Management is more than just a science; discover an alternative approach to business strategy.

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How to adapt your culture to the digital world

For continued success in our digitally driven age, your company’s culture needs some close scrutiny.

It’s up to you to take a strong lead rather than hold out for an organic organisational shift.

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Three steps to find your next big innovation

When you develop new technologies you can never be sure how the market will respond. Yet the future of a given technology is not as unforeseeable as it might seem.

Here's a three-step method to help you anticipate the next development in your industry. This exercise isn’t just for high-tech firms; it’s been used with managers from grocery stores to hospitals.

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How to compete in the new borderless economy

The onward march of digitisation will change the nature of the game for everyone – including your company – over the next ten years.

It's time to recognise and accept this impending change and create a gameplan for a borderless economy.

Here are your four new critical priorities. 

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Four ways to turn your product into a platform

Five of the ten most valuable companies in the world – Apple, Alphabet, Amazon, Facebook and Microsoft – get much of their worth from their “multisided platforms”.

Writing for Harvard Business Review, Andrei Hagiu and Elizabeth J Altman outline four ways you can turn your products and services into a platform, and examine the strategic advantages and pitfalls of each.

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Create a winning team to drive innovation

Build creative dissonance into your team and you’ll turbocharge digital innovation.

If there’s one trait humans possess that artificial intelligence (AI) does not, it’s the ability to think outside the box. 

To profit from AI’s ability to accelerate innovation, build your team around creatives who, collectively, combine these six contrasting personalities.

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Slow and steady wins the innovation race

People think of innovation as a fast-moving process that brings about large-scale change almost overnight.

But there is an alternative. A low-key approach which takes effect gradually over a much longer term. And it’s called “slow innovation”.

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How to transform your firm into an innovation hub

For innovation to thrive, you must create space for open, free-form interaction and engagement.

Get it right – build and nurture innovation-friendly networks – and the ideas will flow.

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Six ways to adapt to digital fragmentation

The future of global business is digital. But cross-border barriers make doing business ever more complex.

Here’s how to adapt and thrive in a fragmented world.

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How to become a digital leader

In order to unlock the full potential of digital technologies and achieve “digital transformation”, your company must foster a digital leadership structure, writes Stijn Viaene for The European Business Review.

The aim is to enable your company to identify opportunities and take advantage of them quicker than your competitors.

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Elon Musk: expert generalist

Elon Musk

Elon Musk’s success is down to more than just hard work, the ability to visualise the future and a ‘never say die’ attitude.

Elon Musk is CEO and CTO of SpaceX, co-founder, CEO and chairman of Tesla Inc, co-founder of OpenAI and founder and CEO of Neuralink. He is worth US$15.3bn.

How has the 45-year-old entrepreneur achieved all of this in such a short space of time?

Why you need to understand your products’ demand windows

If you don’t know what the demand windows for your products are, not enough of your customers will be demanding them.

“The most predictable characteristic of today’s consumers may be their variability,” say Emre Sucu, Matt Egol, and Edward C. Landry writing for Strategy+Business. The predictable customer of a certain age, gender and postal code is a thing of a past.

Disruption: exploding the slow-incumbent myth

John McLean

The idea that large companies are slow to innovate is a myth. In fact, they may be too innovative for their own good.

We have all heard of well-established businesses ignoring the potential of new technologies. By the time they take the new technology seriously they have been disrupted by it, and small, fast-moving startups have taken over. This is the way many people believe disruption...

Four ways to build ‘cumulative advantage’

Cafe Jiro by Jiro Osuga

Create customer loyalty by making your products habit-forming rather than innovative.

Marketers spend a lot of time and money trying to make products stand out so they’ll be chosen. But what if novelty has the opposite effect? Writing in Harvard Business Review, A.G. Lafley and Roger L. Martin argue that you should offer customers not the perfect choice but the easy one.

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How to harness the power of transformation

caterpillar

Companies must avoid routine thinking and behaviour and embrace wholesale transformation to ensure they remain at the top of their game.

Your company’s way of doing business might have brought success for 20 years. It might still work today. But routine leads to complacency, and in the world of business, complacency can be deadly.

Collaboration is key to innovation

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....

Your three key players in the race for innovation

office desk

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...

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