Innovation as a management discipline and its application in everyday work life has become synonymous with growth and sustainability. As advocated by innovation guru Gary Hamel since mid- 2000, there is a good understanding that Innovation in management principles and processes can create long-lasting advantage and produce dramatic shifts [...]
Future Focused Leaders: The Role of Leadership in Innovation Management by Henra Mayer Check out our previous article: ISO 56002 Innovation management standard – Innovation management system – Guidance Global crises and Black Swan events are not catalysts for leaders to think about the future. Leaders think about renewal all of the time, how [...]
Effectively communicating about Innovation Understanding and communicating what innovation (and its related focus areas) mean for your organisation, are the very first steps towards making innovation work in your organisation. Innovation and its importance for continued business survival is not a disputed issue in the business world. Yet, when we engage with organisations, [...]
The ISO 56000 series of Innovation Management standards is a family of standards published by ISO (International Organisation for Standardisation), in collaboration with approximately 50 other countries, that is aimed at providing guidance to organisations on how to manage innovation better and benchmark their related activities and programmes. It provides a baseline for effective [...]
The Drivers of Innovation Management by Henra Mayer “Innovation is the specific instrument of entrepreneurship. The act that endows resources with a new capacity to create wealth.” - Peter Drucker Emerging technologies and innovative new business models are transforming life, business and the global economy at unprecedented speeds. As digital technologies reshape [...]
Making Innovation Happen - The Trends in Effective Innovation Management “I think frugality drives innovation, just like other constraints do. One of the only ways to get out of a tight box is to invent your way out.” - Jeff Bezos Making innovation real is about more than focusing on the latest technological and [...]
By Henra Mayer It’s a jungle out there. The world is changing quicker than you can say the word “irrelevance” – we talk about Moore’s Law, the role of the Internet of Things (IoT), Artificial Intelligence (AI) Big Data, Digitisation, Disruptive Business Modelling and then throw into the mix other specifics like FinTech, the potential [...]
By Henra Mayer. Balancing the demands of the business of today with the business of tomorrow is a skill. Strategic thinking needs to be elevated to the next level, aligned and resourced to focus on driving new results. Being relevant in today’s disruptive business environment demands innovation from everybody, without fail. To recognise and reward [...]
By Henra Mayer Many organisations kick-off an innovation programme with innovation training or brainstorming sessions. Seeing that it is easier to execute, this can be a good way to engage the organisation around innovation intent. A good programme that delivers fresh ideas utilise the power of collaboration to create repeatable differentiated value in the market [...]
By Henra Mayer. The word "niche" comes from a French word that means to nest. In the business context it is described as concentrating all marketing efforts on a small but specific and well defined segment of the population[1]. Niches do not 'exist' it is 'created' by identifying needs and wants that are being addressed poorly or [...]
