Do you ever take the time to think?
Just a thought...
IS INNOVATION JUST ANOTHER WORD FOR CHANGE; DOES INNOVATION MANAGEMENT ALIGN WITH CHANGE MANAGEMENT?
Innovation is a word with an air of ambiguity about it. Many choose to avoid the topic, believing that its relevance isn’t that significant in business today. As innovation is such a difficult concept to grasp, it appears a great challenge to seek its true meaning and relate it back to your Company’s beliefs and values. Incorporating an innovation strategy in a business plan may not be top priority, however, it is a crucial aspect of any organisations’ strategy in order to progress forwards and remain at the top of their market. So is there any easy way to define this obscure phenomenon that p… continue reading
TOP 6 COMPONENTS AFFECTING INNOVATION MANANGEMENT, FOLLOWING A STUDY CARRIED OUT IN 2010; ARE THEY STILL RELEVANT 3 YEARS ON?
The fourth in a series of reports was carried out in 2010 focusing on the best practices of innovation and the challenges that may be faced in the future. Dr Bettina von Stamm from the Innovation Leadership Forum Ltd. created a detailed report including evidence to support her conclusions. 45 interviews were held, with 40 countries globally; almost twice as many as the report in 2006.
A lot can be taken from the report; loads of advice is given from a range of perspectives about how different companies approach innovation management in different ways. Is it necessary to have an innovation stra… continue reading
Last night saw Tina Catling, co-founder of the think team, put all her eggs in one basket as she launched the brand new comedy club in Headingley, Leeds. Tina has a lot of great assets that one can aspire to, however one of her greatest is her inspirational determination to make things happen. She always follows her dreams, which in this case led her taking a world famous course in stand-up comedy and, ever the entrepreneur, this experience motivated her to set up her own comedy club, for more reasons than one. As soon as she had identified the perfect venue, in the basement of our offices, th… continue reading
Many businesses find it very challenging to adapt to change. As the economy stands today, survival isn’t enough; advancement and forward-thinking is key to progression in any industry. Innovation initiates change strategically and proactively and should never be ignored. Generating new, fresh ideas is the first step to guaranteed success; they ensure that you are always ahead of the game and prepared for future developments. Conversely, many Companies reach this stage and then panic, perhaps because they fear the induced alterations to their current business plan, which is working, but really … continue reading
We can no longer dismiss Chinese innovation as shanzai (copycat), according to a new report from consulting firm McKinsey & Company. Authors Gordon Orr and Erik Roth have identified meaningful advances in fields ranging from Genomics to mobile apps- sectors traditionally the preserve of US, European, Japanese and South Korean companies.
Up to now, the debate has been about whether China will be a fast follower or an innovator in its own right. In fact we already have evidence of China’s innovation in sectors such as renewable energy, consumer electronics, instant messaging and mobile gaming.… continue reading