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Topic Archives: Business Innovation and Ideas

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The Difference Between Invention and Innovation

new-business-ideas

Businesses that use innovation effectively have both a high level of competence in an area of technology but also a deep insight into markets and customers who might benefit from that technology.It is important to distinguish between Invention and Innovation. An invention is a discovery, usually technical in nature. Innovation is the process of putting a new idea to practical use. ... Read More »

Business Innovation Ideas: The Three Pillars

new ideas business thought sm

Research has identified three broad pillars of innovation that any business needs to put in place too innovate successfully.  It is important to plan and prepare for any business to make innovation into a core activity.  The three pillars of innovation can help you plan for the development of your business innovation process.     1st Pillar – A Clear ... Read More »

Business Innovation Ideas Looking at Customer Needs

new-business-ideas

Many studies have shown that innovative companies tend to have larger market shares, higher growth rates and higher profitability compared to competitors who do not achieve the same levels of business innovation ideas. the question is “How to Innovate Successfully?” and to answer this question, defining the word innovation is key. Some will tend to favour a succinct, rather traditional ... Read More »

Product Definition With Impact: Using Rapid Value Proposition Process

Using Rapid Value Proposition Development

A team based and cross-functional value proposition process can quickly create a clear definition for a product or service. This is challenged by discussion and by using template based techniques to ensure the definition and value proposition is robust, marketable and has genuine commercial potential. The value proposition process enables the team to get very close to a final definition ... Read More »

Business Decision Making: Ideas Versus Objectives

Generate alternatives by considering what your overall objectives might be

There are many tools and techniques that can help with business decision making.  We will explore how to assess an idea and generate alternatives by considering what your overall objectives are.   Anyone who likes variety will be attracted to a new idea purely because it is different and it is a novelty.  Enthusiasm is exactly what you need when ... Read More »

Creating Great Ideas – Rapid Business Ideas Generation

Business Ideas Generation

For business ideas generation, team based and cross-functional workshops is one of the most effective ways to think outside the box.   Combined with an effective prioritisation process, including group debate and  ‘poster voting’ as an alignment tool, the ideas can be refined and prioritised. This was the first element of a special Rapid Commercialisation event run by the Business Best ... Read More »

OnePage™ – Product and Services Innovation Survey

Product & Service Delivery

How good are you at innovation, and how does your business compare with others? Answer a few questions to find out. After each question a comment on your response may appear and you may wish to note your thoughts before moving on to the next question. After completing the each question, click on the next one to continue.     ... Read More »