Category Archives: Innovation Process

7 Rules for Improving Innovation: #5 Process

Many companies truly want to innovate, but don’t know where to start. It all begins with defining a clear, straight forward process. Continue reading

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7 Rules for Improving Innovation: #3 Better Planning

Better Planning. Many great ideas will cost money to implement, but not as much as you would think. Spend your money and resources in the right ways. Provide your employees with a meaningful, exciting environment and innovation will explode. Better … Continue reading

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Customer-Centric Innovation: Challenge Yourself!

Creative endeavors are a crucial piece of this model, but if it doesn’t make a measurable impact on some aspect of your business and drive you to get more customers, then why do it? Continue reading

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The cost of NOT innovating

Recently, a medium-sized company shared a story in which they neglected to patent their flagship new technology. Within a year of its release, two (much larger) competitors introduced similar products which now dominate what’s become a $300 Million market. When … Continue reading

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Nice Article on 3M and Innovating in a Tough Economy

CEO of 3M George Buckley understands that you need to keep innovating and investing in product development, especially through tough economic times.  While many companies are slashing R&D budgets to save costs, 3M and others are looking at ways to improve products incrementally; a … Continue reading

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Defining the RIGHT challenge.

In business, if you focus on the wrong problem, or define the problem incorrectly, then you might come up with many great solutions that don’t apply to your issue, or solve any real deficit. That’s a lot of wasted effort.
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Overcoming Adoption Horrors

Overcome the “fear of change” by educating the “fearful” and listening to their concerns… Continue reading

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Build Your Own Innovation Factory

When it comes to keeping innnovation and creativity moving in your organization, we can all learn a thing or two from history’s greatest inventor, Thomas Edison.  While everyday corporate innovation usually doesn’t entail coming up with new inventions on a regular basis, one … Continue reading

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Small Firms Play no Small Role in Innovation Economy

The U.S. Small business Administration believes that small firms may be the key to the nation’s ability to innovate.  Small firms can lead creation and technological growth of emerging industries before large corporations, eating into the core markets of large … Continue reading

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