why is innovation so important for businesses?

Even in our line of work, we often meet people who aren’t very familiar with innovation. As such, we often get to answer the question of what exactly innovation in business is, and why businesses should care about it. Given how vaguely the term innovation is used, that is hardly surprising. Also, while we’ve seen…

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Flywheel of growth – strategic innovation framework

These days virtually everyone agrees that innovation is strategically important. For example, in an international PwC innovation survey of roughly 250 CEOs, only 3% said that innovation is not a strategic priority for them. Regardless of these results, organizations often struggle in aligning their innovation efforts with their overall strategy. On the other hand, top performing innovators always seem…

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innovation isn't supposed to be fun

Gary Pisano, a Harvard Business School Professor, wrote an excellent article in HBR last year on the hard realities of what innovative company cultures actually look like, which I highly recommend every aspiring innovator to read. The bottom line? The inspiring and comfortable attributes, such as freedom, low hierarchy, and tolerance for failure that are associated with innovative company…

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Electric vehicle by Tesla

We’ve recently been breaking down the different types of innovations and explaining their differences in a series of previous articles. This time, we’re looking at breakthrough innovation. It’s a commonly used term, and just like most other innovation terminology, there doesn’t seem to be a clear consensus on what the word means. Still, more and more startups…

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Best innovation books

Regardless of which stats you look at or believe, innovation is without a doubt difficult. Thus, if you’re looking to succeed in it, you need to invest heavily into continuous learning. There are, fortunately, plenty of great books out there that can help you succeed in innovation, in 2020 and beyond. I actually wrote a list of some of…

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Using green energy is one way to reduce your carbon footprint

The topic of this post is a bit different from what I write about, but just as important. For as long as humanity’s been around, innovators have always been creating the future. As a result, we’ve made tremendous progress and changed our world for the better in so many ways. However, these innovations have also…

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With 80% of executives considering their businesses to be at risk for being disrupted in the near future, they are under tremendous pressure to transform their organizations towards becoming more innovative. However, any organizational change, let alone a major transformation, is always very difficult to implement successfully. In this post, we’ll look into some of the lessons…

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Speed of innovation

In our line of work, we get to talk with hundreds of leaders around the globe, and from virtually every industry. Most of them seem to intuitively understand the importance of innovation, but there’s still a lot of fluff, ambiguity and uncertainty regarding innovation as a topic. As a result, most leaders aren’t seeing the results they were expecting…

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