From Forbes Business Council: Your boss tells you to create the next multimillion-dollar blockbuster product. After all, you are the expert. Yet, no matter how much your team tries to think outside of the box, your innovation iterations can’t seem to break through the legacy product. Sure it has better bells and whistles, but at
How Google values failures as milestones on the path to innovation success. At Google, celebrating failure – from the daily disasters to the colossal catastrophes – removes fear and enables creativity. Think about the message that having a public graveyard of killed ideas sends to the nearly 100,0000 Google team members: That all ideas are
At a recent innovation conference, Henry Bryndza of DuPont reported on how they had improved the returns of their innovation across the portfolio by 2-3 times. But was this a fluke, a one-off result due to their particular circumstances? Or would applying the methods that Henry used result in similar benefits for other companies? At
Download PDF By David Matheson, SmartOrg Breakthrough innovation takes an organization out of its familiar comfort zone into a realm of uncertainty. Unlike incremental innovations into existing product domains and markets, where the behavior of technology and customers is well understood, breakthrough innovations entail using new technologies, selling to new kinds of customers, or both.