the hype innovation blog

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

Playing chess with the Red Queen

Posted by John Bessant on Jun 8, 2016 11:13:20 AM

This is the Red Queen, one of the famous characters in Lewis Carroll’s ‘Alice through the Looking Glass’. And whilst she is an undoubtedly intriguing person, someone you might want to get to know better, here’s a word of advice. Don't try playing chess with her – you’ll very soon find yourself out of your depth!

There are three problems you’ll have to confront if you do decide you'd like to give it a go. First, she keeps changing the rules, arbitrarily making them up as she goes along. Second, she keeps changing the game – you might think you are playing chess but might suddenly decide to switch it to football or horse racing! And, as if these are not enough, she also lives in a world where this kind of behaviour is perfectly normal!

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Topics: Open Innovation

Digital transformation – are you ready to transform and change your innovation approaches?

Posted by Paul Hobcraft on May 30, 2016 6:00:00 AM

Business digital transformation, it can get your pulse racing as you look for the nearest exit. It is being asked of everybody to get involved but have we a sufficient understanding of it?

Add in the magic ‘need’ so innovation can benefit from this business digital transformation and we begin to shift around in our chairs even more. What would it mean if we ‘went’ digital and transformed ourselves for innovation with in our organization?

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Topics: Business Transformation

The 5 Skills of The Innovator

Posted by Tim Woods on May 25, 2016 3:55:50 PM

Are innovator’s born differently? Do they have a special something which eludes the rest of us? Or, can innovative traits be studied, understood, and learned? In a study of 72 ‘known innovators’, and 310 executives, it transpired that the innovators consistently demonstrated 5 key skills more than the regular executives.

Surprisingly, four of the skills are physical ones, and only one is cognitive. Suggesting that you can take specific action yourself to create more chances of creating novel ideas, and that in terms of creativity, nurture rather than nature holds the cards. Discovery skills are what the authors call them, and they've been explained in detail in the book The Innovator's DNA - let’s take a look at each of them.

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Topics: Best Practice, Intrapreneurship

Best Of The Bonn Forum: The Secret Sauce

Posted by Oana-Maria Pop on May 16, 2016 8:17:21 PM

Continuing the “Best Of The Bonn Forum” series, this next post is all about some of the handy (and often surprising) resources our presenters used to refine and redefine their innovation processes, principles and culture. From “children’s” stories to established toolkits and cutting-edge software & algorithms, getting innovation started is as much a science as it is an art.

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Topics: Best Practice

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