the hype innovation blog

Balancing Exploitation & Exploration for Changing Performance

Posted by Paul Hobcraft on Aug 31, 2016 1:09:10 PM

“Being ambidextrous” in organisations is the ability to successfully combine the exploiting of all the investments that have been made to date, to constantly build on these achievements by exploring new areas and opportunities. This calls for dual thinking and organisational design to optimise the two orientations.

We are striving to maximise the existing utility, usually through continuous improvements, exploiting incremental advancement, combining this with the need of exploring beyond the existing core competencies, adding in new knowledge, capabilities and competencies for new possibilities, preparing the organisation to discover and shape the new market, products and services.

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Topics: Innovation Strategy

The Single Most Important KPI for Building Innovation Muscle

Posted by Tim Woods on Aug 29, 2016 6:00:00 AM

The best literature on innovation all points to the same thing: innovation is highly uncertain, and therefore the best approach is to experiment and prototype, iterating until you find the right product/market fit, and conduct this iteration with the diligence of the scientific method. The advice is so consistent, yet when we look at innovation metrics, there is rarely any kind of KPI measurements around the details of experimenting and prototyping. Let’s look at why it’s so important, and what a KPI might look like.

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Topics: Innovation Programs

Three lessons from “Grit” to make you a better innovator

Posted by Oana-Maria Pop on Aug 3, 2016 12:58:03 PM

Love it or hate it, innovation advice is everywhere.

In places where you expect to find it – like Guy Gawasaki’s 5 innovation tips on American Expresses’ Open Forum. Or places you don’t – like a story about the most structurally innovative pile of dirty dishes by The Onion or a very innovative edition of the Cartoon Lounge and an Innovators Issue by the New Yorker.

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Topics: The Innovation Manager

Get Out of the Building and Go Cross-Industry to Seek Radical Ideas

Posted by Paul Hobcraft on Aug 3, 2016 12:56:20 PM

We all value those times when we can step away from our desk, from the computer or phone and step outside. Some do this because of a necessity of toping up the nicotine levels, others just simply to step away and freshen up.

Another reason to get out of the office, is when it comes to thinking differently within business Steve Blank has a rallying cry of “get out of the building” as part of the Customer Development Manifesto, to turn the hypothesis into real customer needs through gathering hard customer data.

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Topics: Radical Innovation, The Innovation Manager

Absorptive Capabilities for innovation: What Really Matters

Posted by Oana-Maria Pop on Jul 29, 2016 11:59:53 AM

ca·pa·bil·i·ty \ˌkā-pə-ˈbi-lə-tē\ - the quality or state of being capable (an ability); a feature or faculty capable of development (a potential); or the facility for an indicated use. Capability to outsmart (or outspend) the competition; capability to put the Business Model Canvas to some good use; capability for new product or service development – like making a Ghostbot, a bot that “uses artificial intelligence to help daters gracefully exit undesirable situations, without having to deal with it themselves”.

Useful or otherwise, capabilities are something we talk a lot about when it comes to managing innovation. After all, wouldn’t it be nice if innovation success came with a formula? (Abode has one by the way!) A formula to make it repeatable?

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Topics: The Innovation Manager

Our things are connected, now what? - 5 Essential Considerations to Be Ready for the IOT

Posted by Lauren Salisbury on Jul 12, 2016 11:49:44 PM

You have sensors on your 'things', and have connected them…now what?

Now we wait for the business to transform in front of our eyes as this is what ‘they’ say will happen with the Internet of Things right?

Not quite!

Here are 5 high level considerations to help you drive a strategy that embodies your ecosystem, with practical and pragmatic steps towards transforming your business:

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Topics: Business Transformation, Digital Innovation

Strategic Change Delivery: The Value Of Getting Your Upfront Thinking Right

Posted by Ian Ure on Jul 12, 2016 10:13:09 PM

When you were last involved in strategic delivery planning, did you have full sight of the operational reality facing your teams every day? How comfortable were you that you had a grip on the key challenges and opportunities to realistically deliver on your objectives? How confident were you that you had managed to avoid biased thinking based on inaccurate assumption, assertion, and stereotype? …the kind of thinking that might kill your new initiative before it got started.

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Topics: Innovation Strategy

Bridging different worlds – the power of recombinant innovation

Posted by John Bessant on Jul 12, 2016 10:06:57 PM

Wandering round Chicago in 1912 William Klann was a man on a mission. He was part of a team set up to explore ways in which they could reduce the costs of manufacturing a car to fulfil Henry Ford’s vision of ‘a motor car for the great multitude’.  They had already developed many of the ideas behind mass production – standardised and interchangeable parts, short task cycle work, specialist machinery – but what Klann saw while walking past the Swift Meat Packing Company’s factory gave him an insight into a key piece of the puzzle.  The workers were effectively dis-assembling meat carcasses, stripping off various different joints and cuts as the animals were led past them on a moving overhead conveyor.  In a classic moment of insight he saw the possibility of reversing this process – and within a short space of time the Ford factory boasted the world’s first moving assembly line.  Productivity rocketed as the new idea was implemented and refined; using the new approach Ford was able to cut the assembly time for a Model T to just 93 minutes.

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Topics: Open Innovation

3 ways to leverage your innovation ecosystem better

Posted by Oana-Maria Pop on Jun 22, 2016 11:17:41 AM

Co-development partnerships

Broad business networks

Independent networked organizations

Meta organizations

Collaborative arrangements

Temporary networks of innovation

Global networks of partners…

… Whatever you prefer to call them, innovation ecosystems are a core element in the growth of any organization. The reason is simple: having a diverse “entourage” of past, present, and future open innovation partners with whom to share risks and ideologies as well as reduce new product or service development costs represents the perfect context for value networks to emerge and for entrepreneurship to flourish. Companies and consortia to the likes of Salesforce (client relationship management systems), IMEC (Nano electronics), Korean Air (air travel) or P.R.O.F. (healthcare) are prime examples of how ecosystems can and should be used to create value no single organization can create on its own.

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Topics: Open Innovation

Exploring the Intrapreneurial Way in Large Organizations

Posted by Paul Hobcraft on Jun 16, 2016 2:42:29 PM

Are we seeing a change in mentality within large organizations towards encouraging individuals to ‘break out and become more intrapreneurial within their part of the business?'

Is this tapping into the increasing desire to be part of creating something new, to grab back the engagement needed, that sense of identity and a growing sense of ownership?

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Topics: Intrapreneurship

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