More often than not, organizations start out with high expectations for a successful market launch, only to find that the results fall short of goals. A seemingly innovative idea fails to attract customers and never reaches its projected sales. A product worked brilliantly in a research laboratory, but fails to reach the target market. A […]
Are There Really Just Ten Types of Innovation?
As companies are challenged to deliver growth and profitability, they are looking to the emerging field of innovation for insights to achieve these higher levels of performance. The book Ten Types of Innovation by Larry Keeley reports on years of research and identifies ten main patterns or drivers of innovation. These drivers span all aspects […]
Agile Systems Engineering as a Model of Innovation and Adaptation
“Innovation” is not limited to the context of introducing new commercial products, services, and technologies. We can learn from the study of innovation in more general settings. Human-engineered, human-kludged, and living biological or other natural systems not originated by humans are frequently under pressure to adapt. Those pressures originate in opportunities or competition, predators or […]
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 […]
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, […]
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