Digital Accessibility for the Aging Population

Posted by Ronald Jonash on Oct 11, 2019 11:54:00 AM
 
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Topics: Business Innovation, Innovation Strategy, Innovation in Healthcare

Find the Big Bold Ideas that Matter?

Posted by Hitendra Patel on Jul 31, 2019 4:30:29 PM

“How do you find the big bold ideas that matter in the market and to my company?” The main balance in this domain of innovation is focusing on a significant unmet need or problem while at the same time being open to unexpected new opportunities or changes of course.

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Topics: Business Innovation, Innovation Strategy

Align All Stakeholders to Drive Innovation

Posted by Hitendra Patel on Jun 19, 2016 5:30:00 PM

Diverse innovation team. IXL Center, Sao Paulo, Brazil.


For Successful Innovation in the Long Term, Find Ways to Integrate New Initiatives with Existing Systems

Companies need innovation because they all need new products, new business models and new value propositions – which offer novel opportunities for growth as well as some unanticipated challenges. Innovation does require change and because of that innovation initiatives are similar to change initiatives within a company.

At the same time, if any company is going to remain a company (i.e., remain largely intact for some number of years), there are long-standing systems and relationships it has to maintain in a stable manner. Internally, the executives and employees and the company culture they form can’t be completely changed and overturned every time a new business concept might be pursued. Externally, there are partners and suppliers whose skills, resources and good will are often needed to be available in a predictable and steady manner. This need to balance between the new and the old means that, while change is inevitable, repeated revolutionary upheaval is impractical and unsustainable.

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Topics: Business Innovation, Innovation Strategy

Innovation Portfolio

Posted by Hitendra Patel on Jun 19, 2016 5:30:00 PM

Dr. Hitendra Patel at the IXL Center, Miami.


An innovation portfolio maintains the delicate balance required for companies to remain viable years into the future by creating change today. While survival through adaptation / innovation has always been the law of the economic jungle, corporate cultures (and many of the C-level executives who shape those cultures) often prefer (through choice or inertia) to put off change and the news that might prompt change for as long as possible. If your company has chosen to adopt an innovation portfolio, it’s made the adjustment to this fact of modern business life: today’s timelines and dizzying market churn are moving too quickly to allow innovation to bubble up by chance or to be put off until some smart person in the C-suite has an inspiration. The way to plan for innovation is to develop an innovation portfolio.
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Topics: Business Innovation, Innovation Strategy

Get Senior Leadership to Support and Commit to Innovation.

Posted by Hitendra Patel on Jun 19, 2016 5:30:00 PM


Before you can get leadership to commit to innovation, it has to be clear to them that it’s worth the effort, worth the investment, worth the time – and promises more for the corporation than business-as-usual. It also has to made clear that innovation is a means to an end – business growth – and not an end in itself. Once leadership understands the reasons why the company should pursue innovation, they also have to be assured that “how” innovation is conducted will be feasible and efficient.
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Topics: Business Innovation, Innovation Strategy