Innovation Best Practices

This is remarkable, compelling, and powerful research you must read. The category creator is not always the first mover. The long term and short time financial benefits of being a category creator are dramatically greater than I had ever imagined. There are three specific things a category creator needs to do extremely well to be successful. This will help you!

Much of the popular literature in recent years has focused on removing constraints and allowing much greater degrees of freedom are people working in the field of innovation. There is lots of need and wisdom for the advice. But successful innovation does not work well in a “wild West” sort of environment. There are some very smart constraints that actually help make chances for innovation success much greater, especially with bigger innovations.

This episode concludes my series on the state of innovation. Innovation success requires going beyond best practices focused on processes. Successful innovation requires personal characteristics and capabilities that include bold, courageous, and smart leadership actions and thinking that takes success to a much higher level.

There is more good news about the hopeful state of innovation. There are highly proven innovation best practices. While most of these best practices are supported by formal quantitative research, the best proof is success in the real world for decades. These are best practices that work for any kind of business with any kind of innovation need at any time.  While these best practices do not by themselves guarantee success, they are proven to consistently deliver extraordinarily well above average levels of innovation success.

I am sure by now you want to hear about the hopeful state of innovation. The very good news is that there is one major insight that explains the vast majority of innovation failures. Conversely, when you know what this insight is, you will know where you have to set the bar for successful innovations in your company. This podcast goes to the heart of what it takes to be a successful innovator.

Probably the biggest reason for the sad state of innovation today is the pervasive ignorance about what it takes to be a successful innovator. You may be shocked at how difficult it is to get training in anything like innovation best practices as a college major or through company innovation training programs.  Take a close listen to the facts in this podcast and see if it does not change your thinking about how much training your company needs if it is going to be dramatically more successful with its innovations.

Least you think the sad state of innovation is old news, when you look at innovation today, especially by some companies previously known for innovation, the state of innovation gets even more concerning.  For example, what is happening at Apple now that they no longer have Steve Jobs? I am seeing a lot of ”me too” and slow following of innovation initials by others. Listen and see what you think.

By any measure, having 75% or more innovations fail for over 55 years is a sad state of innovation. In this podcast I sure this and more facts. The fax come from very high-quality research published and very high-quality publications likes me Harvard Business Review, Wall Street Journal, and by the US Department of Commerce.

This podcast shares wisdom from a very experienced consultant. The three keywords in the title of her book represent great guidance for every kind of innovator. She shares specific examples to help bring all of this to life.

The author of the book is the founder of Trend Hunters--the leading company of its kind. He now adds to that some very practical and easy to use innovation help.

This is a series outlines the major transformational changes that electric autonomous vehicles will have on the lives of so many people directly and indirectly connected with the transportation industry.  Jobs will be lost….and new ones created.  These podcasts outline many opportunities for needed innovations to make the transformation a reality……your ideas may create an new industry!

Gore is a company of innovation wizards enabling the company to be a highly successful innovator for decades. Not many companies have done this. There are several important insights in this podcast, but one of them stands out as something that most innovators should give serious consideration to.

This is a proven and successful innovation best practice that can be used more frequently to effectively and efficiently develop successful innovations. McKinsey clearly identifies the key elements necessary for successful innovation collaboration with suppliers.

5G is coming soon and will fundamentally change many aspects of our lives. It will enable a level of connectivity that we have never experienced before. This imposes a challenge to the many frequency spectrums. This DARPA (Defense Advanced Research Projects Agency) challenge that was successfully answered by a team in Florida with simple yet powerful breakthrough thinking.

WeChat is an extraordinary success that probably most listeners have not heard of, but you should know about their unique approach to innovation. Software development was guided by different principles than many of the leading American software developers use. While these principles were used on software here, they can also translate to many other kinds of product innovations.

This is an incredibly provocative innovation that is still in its early stages of development. As an innovator, the basis for getting to this innovation may open your eyes to new possibilities. Also, the specifics of how this can change life as we know it, may be of great personal interest.

This audio track from a TED talk is, in my experience of it, the emerging proven ability for technology to read our minds and convert that into audio and even the written word.  The implications of this for all kinds of innovation should be inspiring to many people in a wide variety of fields.

When we think of Elon, we think of Tesla and Space X.  In this audio track of an interview with Elon, we learn about the breakthrough work being done with brain implants that just might help with inflictions like Alzheimers and dementia.  Amazing stuff!!

The most successful innovation companies have an innovation strategy that ranges from constant improvement on current products to developing disruptive innovations to entering new categories to leveraging new to the world technologies. This podcast can probably help most companies develop a comprehensive innovation strategy capable of delivering long-term success.  Contact: richard@i2ge.com

Trend Hunter is one of the leaders in spotting trends that can make a difference in most types of businesses. Some of the current trends are continuation of previous trends, but there are some new trends emerging that could directly impact your business.  Contact: richard@i2ge.com