The word ‘innovation’ has received somewhat of a bad reputation in recent years, due to a combination of factors, including overuse of the term and unrealistic expectations about what it can achieve.
The idea behind incremental innovation is simple: instead of thinking up and executing against audacious new ideas that are risky, you make small incremental changes to existing products and services.
All too often, people associate “innovation” with a radical break from the past, what could more accurately be called “disruptive innovation.” Think of how big a change it was to go from the ...
Though the business world glorifies big disruptive ideas, in reality, most progress is achieved by implementing hundreds or thousands of minor improvements that can have a big cumulative impact.
Manufacturing CEOs want breakthrough ideas and innovations that will enable their companies to create differentiated market positions. But conventional ideas and organizational approaches to ...
Managers who want to create new and innovative value do so with the set of tools and techniques available to them. However, to be successful at innovation, you need to know precisely what you are ...
In today’s business world, size offers no protection against disruption. From 1955 to 2017, 88% of Fortune 500 companies 1 have either gone bankrupt, merged with others, or have been removed from the ...