The innovation spectrum

The innovation spectrum and where to start

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Innovation is not one specific thing, it is a spectrum. It can start with small, incremental changes and expand to radical innovation, creating brand new solutions or disrupting an entire industry. What sits in the middle of the spectrum is customer-centric innovation or what we have termed ‘Differentiated innovation’. Incremental Did you do something better today than you did yesterday? …

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5 steps to engaging 7,000 customers in innovation

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If someone asked you how they could make your life easier, wouldn’t you tell them? You probably wouldn’t hesitate. This is, in essence, customer-centric or differentiated innovation. Why customers? Not only do you get instant insight into what your consumers want and need, which helps you create a competitive advantage; as a by-product, you also get your customers’ buy-in before …

10 steps from idea generation to implementation

10 Steps from idea generation to implementation

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Every successfully implemented idea/product is a result of a long and painstakingly supervised innovation process. While principles and methods of idea development are universal for all industries, there is no strict rule regarding the steps from idea generation to implementation. Here is a list of 10 steps that follow the idea management process from idea generation to implementation. 1. Idea …

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School of innovation – the role of mentoring in innovation

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A blog based on the ‘School of innovation’ webinar co-hosted by ideasUK and Wazoku When leadership says ‘Go, innovate!’ everyone panics thinking ‘Where do I even start?’. Here are a few tips from ideasUK and Wazoku, who both take a mentoring approach to innovation and recently shared a few best practices of working with their customers and members. Peer support … Crowdsourcing for ideas

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Generating new ideas is challenging business, particularly for large organisations with well established ways of doing things. But it doesn’t have to be. The advantage of being a large organisation — whether a local authority or a company — is you have a potential resource that frequently goes unacknowledged as a source of ideas: the workforce. An organisation’s employees, thanks …

Coaching as an enabler to innovation

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What is coaching, if not an enabler to innovation? Tim Urban writes for the very quirky and informative Wait But Why. In a January 2015 post on Artificial Intelligence he references “what futurist Ray Kurzweil calls human history’s Law of Accelerating Returns”. I encourage you to read the post but in the meantime I’ll share with you, without spoiling too …

technology-driven innovation

The Fidelity story – technology-driven innovation

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The Challenge Fidelity International (Fidelity), one of the UK’s largest investment fund managers, initially started collaborative innovation with Step Change, an IT department run innovation programme, managed through SharePoint. It was a great first step, however, SharePoint was unable to scale the initiative, provide the flexibility required or progress, track and move ideas and data the way Fidelity needed. Fidelity …

open innovation

Open Innovation vs Crowdsourcing vs Co-creation

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Various principles and concepts are used for managing research and innovation. You are probably familiar with these buzzwords: crowdsourcing, open innovation and a more recent one, co-creation. Organisations are gradually moving away from traditional work models; they are becoming a lot bolder and more inclusive in their approaches to innovation. As an innovation and idea management company we have witnessed …