Overcome the Dreaded Innovator’s Dilemma with an Internal Incubator

Overcome the Dreaded Innovator’s Dilemma with an Internal Incubator

Businesses face the dilemma of playing on the familiar field of their existing business model or exploring the uncertain and unfamiliar landscape of innovation. Yet innovation is imperative for commercial survival. An internal corporate incubator provides an effective way to foster ideas away from the demands of existing operations. This safe space allows a company to develop a completely new technology while tapping into promising opportunities. One of the most significant aspects of corporate incubators is safety - safety to the innovation process and to the larger business. Incubators provide a powerful framework for tracking ideas and their outcomes, enabling businesses to run lean experiments, generate proofs of concept, and track success and failure.

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Framework for Challenge-Driven Ideation

Challenge-driven ideation is a top-down approach that empowers teams inside and outside of organizations to tap into diverse perspectives, generating ideas faster, more cost-effectively, and with less risk. It involves two directions: seeking ideas internally and externally through innovation management software that supports challenges as top-down initiatives and placing crowdsourcing campaigns on websites.

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Where to Innovate – Organizational Innovation Explained

Organizational innovations such as AI, automation, and cloud solutions are gaining importance in the workplace, as companies strive to improve their performance and competitiveness through new organizational methods that reduce administrative costs, enhance employee productivity and reduce supply chain costs.

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The Chemistry of Enthusiasm – Make Your Employees Your Most Valuable Asset

Employee engagement is crucial for a company's success, as a disengaged workforce can lead to missed opportunities and decreased productivity. Fostering a dialogue and creating challenges can reignite enthusiasm and improve performance.

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