Competition is getting tougher by the day. What can set a Company or an Organization apart from its competitors is how they manage their creative resources. More importantly, it depends on how they extract creative nectar from their employees. Innovation management widely deals in helping organizations make the most of their employees. It could vary…
It may come off as a shock, but it is believed that almost 90% of innovation labs fail. Many are unable to walk their talk. And most people can’t seem to put the finger on why they have such a high failure rate. Innovation labs are a place where organizations are free to run all…
6 in 10 people admit creativity is valuable to their company. Yet, there are many barriers to innovative ideas. From lack of communication to lack of involvement, an employee won’t share their creative resources unless they feel invested in the company. Many organizations demand creativity in the workplace but do not like the risk of…
KUALA LUMPUR: The government will introduce a RM5 billion grant for ecosystem development to promote technological innovation in the country as 5G presents an unprecedented challenge to rethink to achieve aggressive performance goals. Strong industry partners including several innovation consulting services are involved at all stages of development, from initial research to the development of…
For most people, innovations are small improvements or additions to existing products, processes and services. For others, innovations may be revolutionary technological inventions or business models that change the industry. To learn about these innovation types and to know a lot more about the subject of innovation, you could take up innovation courses either online…
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…