How to Spot Innovation Opportunities

How to Spot Innovation Opportunities

To ensure long-term survival in the face of disruptive innovations, companies must focus on finding their own innovative power by identifying opportunity spaces for growth and development. This process involves a comprehensive innovation management approach that defines a company's business domain and considers the potential for disruptive innovation, relevance for the target market, and related trends and technologies. Corporate foresight and environmental scanning within and outside the company are essential components of this process. Finally, software-supported data mining tools enhance the discovery and design of an innovation field and prepare the ground for innovative strength.

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More Innovation Resources:

Creative Thinking Exercise – That’s Just the Way It Is by Woody Bendle

Creative Thinking Exercise – That’s Just the Way It Is by Woody Bendle

Want to come up with new and innovative ideas? Woody Bendle has a creative thinking exercise called "That’s just the way it is" which helps identify opportunities for innovation by challenging existing conventions.

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3 Innovation Types: Evolution, Preventative, Creative

Innovation is often positioned as something to prepare for future needs, but it can also be relevant to the short-term, according to this article.

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Innovation Teams within Organizations

Innovative teams are important for fostering creativity and finding new solutions. Here are tips for building and sustaining them in your organizational culture, including virtual collaboration strategies.

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