Innovation Benefits

Innovation benefits are the measurable value gains from novel solutions that meet new requirements or existing market needs.

More Innovation Glossaries

Unexpected Events

Occupational hazards and liabilities can be particularly perilous, even when they are not specifically identified or foreseeable.

Breakthrough Innovation

Breakthrough Innovation: A high-impact invention that significantly alters or creates markets, redefining industry standards and practices.

Segmentation

Businesses use segmentation to understand potential customers and business operations. It’s the process of dividing potential customers into distinct groups, rather than treating...

Top Innovation Benefits Resources

Do Healthcare Institutions Need a Chief Innovation Officer?

Healthcare institutions are considering the role of a Chief Innovation Officer to drive meaningful change. This officer will be responsible for technology tracking, training and education, creating a culture that celebrates change, and idea collection and nurture.

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Innovation Management at Work: Real-World Use Cases

Global companies waste billions on innovation due to failure to engage employees, partners, and customers in the innovation management process. Collaborative innovation management systems can lead to involvement, cost savings, efficiency, and new product development.

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The roles and responsibilities of innovation management

Innovation management requires a methodical strategy and a point person to manage it. An innovation manager is responsible for directing and managing the company’s innovation, including developing a culture of innovation, identifying market opportunities, and implementing long-term innovation systems.

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The roles in an innovation process

Innovation management requires clear roles, with six main groups responsible for driving the process: idea authors, innovation managers, innovation coaches, experts, method specialists, and idea submitters.

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What Is an Innovation Manager?

An innovation manager is responsible for managing innovative strategies, activities, and opportunities for an organization to impact growth and create unique value.

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When Terrible Things Happen To Good Innovation Projects

Innovation and transformation are essential for the long-term success of a business, but many ideas fail due to mismanagement. By separating innovation into ideation, incubation, and acceleration phases, and considering uncertainty, organizations can eliminate obstacles and improve innovation efforts.

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Innovation Activity: balance is poised for change

Emerging digital technologies are changing the way we approach innovation. They offer a way to manage the tension between rational and random thinking, which is necessary for innovation success.

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Organizational Innovation Examples

Learn how innovation leaders fight bureaucracy and rigid processes through organizational innovation. Examples from Samsung, Apple, McDonald's and Microsoft.

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Innovation in Practice: Seven Years Strong

Celebrating the seventh year anniversary, the Innovation in Practice blog focuses on teaching innovation as a skill, linking it to strategy, and its two-way phenomena.

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Innovation Tips that Work - Number 2 Dr Ken Hudson

Innovation is both structured and unstructured. Encouraging and identifying the most creative people, and fostering brainstorming and idea development, are essential. Innovation can apply to all roles and processes, and it's important to dedicate time to innovation activities regularly.

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