Before we go into details, let’s quickly make an important distinction between an insight and an idea. An insight can be the first step on the way to an idea. However, an insight isn’t an idea. An idea is what you do with the insight. Of course, it is possible to have an insight without…
The elevator pitch is one of the most important tools in the early stages of startup development. Designed as a short and easy-to-remember way to describe your business concept, if you don’t have time to explain the details (like taking an elevator), there are various signs of efficiency, but there are many wrong ways. This…
This is a success story of a company that has to go through many revisions before finding its own DNA as a platform for PayPal’s digital payment services. The initial leader in financial technology began in 1998 with Field Link, a company that developed encryption software for Palm pilots. The market is not ready and…
The idea is at the heart of design thinking. There are hundreds of innovation training for ideas such as brainstorming, sketching, SCAMPER, and prototyping. Some techniques are renamed to more basic versions of the technique, or slightly modified. At Innoverce365™, we have developed the methodology, tools, and database to assess, analyze and improve innovation capabilities…
Simply put, innovation management is the process of managing innovative ideas. The plans and processes underlying these ideas are managed properly and transformed into action plans, designed to make the idea a reality. An innovative idea is the introduction of something new or the improvement of an old idea or product. In business, it is…