A sustainably innovative organization constantly learns and is comfortable with uncertainty. This type of organization seeks to remove uncertainty through experimentation that is designed to improve knowledge through two key actions: comparison of hypothesis with results and analysis of any differences between them. Formulating a meaningful hypothesis on any unknown, from customer and market expectations […]
Achieving Innovation: The Essential Characteristics of an Innovative Organization
Why do you or those around you say your organization is not very innovative? Perhaps you can’t seem to produce “new” products that dazzle or your customers don’t celebrate their relationship with you. Perhaps you are frustrated that the simplest things seem to take forever and once complete you never seem to have created what you […]
Innovation Made Simple
The word “innovation” appears everywhere in mission statements, strategy documents, and CEO speeches. As recognized by Wired, innovation is “the buzzword of the decade in the worlds of business and education.” Innovation may seem simple in concept, but creating a more innovative organization is far from simple in practice. Let’s cut through the blizzard of blog posts […]
Achieving Innovation Success in Phases and Frameworks
A Boston Consulting Group survey reported that 75 percent of executives surveyed ranked innovation as a top three priority with 22 percent selecting it as their top corporate priority. Despite the importance and priority, many organizations are still early in their work of establishing innovation as a competency as the same executives express a need […]
The Magic of the Canvas
Both business and academic communities have embraced the concept of a one-page canvas as a way to conceptualize new ventures, create innovative designs, and teach entrepreneurial thinking. The popularity of the canvas approach has been sparked by Osterwalder’s Business Model Canvas (BMC) [1]. Introduced in 2010, the BMC has been widely adopted in entrepreneurship classrooms, […]