High Alpha Innovation’s Post

Innovation Myth Busters is back! 🚀 Due to the amount of support for our previous edition, we couldn't resist bringing you Part 2! 💥 Daniella and Luca have debunked another 4 top myths and misconceptions about innovation... 1️⃣ Innovation is only about technology and new inventions 2️⃣ Innovation is only for large organisations or tech companies 3️⃣ Innovation is only for young people or start ups 4️⃣ Innovation always results in immediate success But here's where you come in, did you believe any of these myths to be true? Let us know which other innovation myths you'd like us to bust in our next edition. Optimum Skills Limited #innovation #mythsvsfacts #thinkdifferently #motivation #fridayinspiration

Legacy Companies: Unlocking Innovation in 5 Easy Steps🔓 Think legacy companies can't innovate? Think again🤔 1️⃣. Embrace Change: It starts with mindset. Legacy doesn't mean outdated. Shift your perspective🔄 and see your established foundation as a launchpad for innovation, not an anchor⚓ 2️⃣. Leverage Your Assets: You have resources, a customer base, and industry knowledge startups dream of. Use them. Innovation isn't just about new products; it's about using what you have in new ways💡 3️⃣. Foster a Culture of Innovation: Encourage experimentation and accept failure as part of the process. Create a safe space for creative thinking and watch the magic happen🌟 4️⃣. Partner Up: Collaboration is key. Team up with startups, tech firms, and academia. These partnerships can inject fresh ideas and technologies into your operations💼 5️⃣. Stay Customer-Focused: Ultimately, innovation should solve real problems for your customers. Listen to them👂 Their challenges are your opportunities🎯 Innovation isn't reserved for the new kids on the block. Your legacy company has the potential to disrupt the market, redefine its sector, and set new standards🚀 Ready to transform your legacy into innovation? Start with step one and never look back🏃♂️ Engage below if you’re ready to innovate or share how your company is transforming the game! #innovation #productinnovation #legacymanufacturing #innovationstrategy ---------------------------------- Want to learn more about me and my business? Check out Catalytic Consulting, Inc. We help companies accelerate innovation through strategy, engineering, and financial services.  

🌟 **LinkedIn Post:** As we navigate a rapidly changing business landscape, one question remains constant: How can we embrace innovation to drive sustainable growth and impact? Let's delve into this thought-provoking topic and explore key strategies that can propel organizations towards success. • Innovation is not just about generating new ideas; it's about executing them effectively to create tangible value. • Successful innovation requires a culture that fosters creativity, collaboration, and agility. • Embracing diversity of thought and encouraging dissenting opinions can lead to breakthrough innovations that challenge the status quo. In today's hyper-connected world, the ability to adapt and innovate is crucial for staying competitive. Let's challenge ourselves to think beyond conventional boundaries and ignite a culture of innovation that paves the way for continuous growth and progress. Remember, innovation is not a destination; it's a journey of exploration and discovery. • Embrace failure as a stepping stone towards success, learning valuable lessons that can fuel future innovations. • Invest in nurturing talent and empowering employees to unleash their creative potential. • Collaborate with external partners, startups, and industry disruptors to gain fresh perspectives and drive mutual innovation. Innovation thrives in environments where curiosity is celebrated, risks are taken, and relentless improvement is the norm. Let's embark on this journey together to unlock new possibilities, drive meaningful change, and shape a future where innovation is not merely a buzzword but a way of life. Are you ready to revolutionize your approach to innovation and make a lasting impact in your industry? Join us in this exciting endeavor to Xplode boundaries and redefine what's possible. #Innovation #FutureofWork #BusinessGrowth 🚀

5 reasons why large corporation are not leading the innovation!💡 There is no secret that big companies are struggling to be #innovative, so in this post lets' take a look at some of the reasons that big businesses, no matter in what industry, are not as innovative as #startups or smaller companies in their field. 🛑🛑🛑Slow Decision-Making: Decision making processes often involve multiple layers of approval and a rigid decision-making hierarchy. This can slow down the innovation process, especially when quick responses are required to capitalize on emerging #opportunities or adapt to changes in the market. 😱😱😱Fear of Failure: Corporations tend to be #risk_averse. The fear of failure and the potential consequences associated with taking risks can pause creative thinking and discourage employees from proposing or pursuing innovative ideas. This risk aversion can be a significant barrier to experimentation and new approaches and also the cause of resistance to change. 🚧🚧🚧Communication Barriers: #Hierarchical structures can create communication bottlenecks. Innovative ideas may struggle to move upward through the chain of command, and feedback or information may change their meaning or purpose as it passes through various levels. This lack of #effectivecommunication can stop the development and implementation of innovative solutions. 🔀🔀🔀Lack of Cross-Function Communication: Innovation happens when people talk to each other and information flow freely between departments. But large companies by design have structure that often result in #silos, where teams or divisions work in isolation. 🎯🎯🎯Focus on Short-Term Goals: Obsessing's with higher return to shareholders cause companies to just focus on next quarter result and prioritize #short_term goals and immediate results over longer-term, riskier and sometimes costly innovations. This focus on immediate returns may discourage #investment in projects with uncertain outcomes, even if they have the potential for significant long-term benefits. As the late great economist and #nobelprize winner Robert Solow once said, “Innovation has long been recognized as a central driving force behind economic growth. It’s the secret sauce that fuels the engines of both countries and companies.” His words ring truer than ever, emphasizing why fostering innovation is not just a choice but a necessity for #sustainable_growth 🚀. let me know what other reasons you think that makes corporations less innovative. 🖊🖊🖊 #innovation #corporations #culture #growthmindset #startupecosystem

If you read my posts, you know I am part of a startup called Breinchild. We are on a mission to help organisations get better at innovation. To this end, we have been developing Emplify - a cultural change platform that sets organisations up for success by embedding the behaviours that support innovation. Here's our latest Medium article on the problem Emplify is going after.

#StevosBusinessBook of the Week: The Illusion of Innovation: Escape "Efficiency" and Unleash Radical Progress by @ERParker @IdeaPressPub Meaningful innovation naturally emerges from deliberate inefficiency. https://lnkd.in/gVg_8FC6 #ad #StevosNovelIdeas

I invite you to follow my journey of bringing Strategic Innovation Engines to purpose-driven companies on this new LinkedIn page. My goal is to catalyze innovation to help purpose-driven companies grow revenue and impact!

#StevosBusinessBook of the Week: The Illusion of Innovation: Escape "Efficiency" and Unleash Radical Progress by @ERParker @IdeaPressPub Meaningful innovation naturally emerges from deliberate inefficiency. https://lnkd.in/gVg_8FC6 #ad #StevosNovelIdeas

Why do most innovation programs fail to drive meaningful results? 🤔It's not due to a lack of ideas or talented individuals. Nor is it because core business leaders are unwilling to support growth and innovation. 💡 Surprisingly, the primary reason for this high failure rate is often a lack of alignment on process, outcomes, and resources – in other words, "structure." Simply put, structure often determines the likelihood of success… especially for programs focused on venture building. 🚀 Having worked with 70+ corporate partners spanning various industries, markets, technologies, and economic cycles, Co-Created has gained valuable insights into corporate innovation and venture building in just about every conceivable context. We are now sharing some of that insight for free, starting with the critical topic of Structure. ⬇ Download our whitepaper on “Structures for Success” and dig in! https://lnkd.in/egTMBcdZ Who should read it?  Leaders of organizations who recognize the importance of driving growth and innovation within their companies. Executives who invest significantly in venture building, CVC and/or open innovation, to unlock organic growth. Why read it?  Because you want to know how your organization can deliver effective and sustainable growth and innovation results in the long run. This whitepaper will help you: Identify and optimize success factors within your control related to operating, governing, and integrating your venture-building program into the core business. Discover valuable insights and practical strategies for building the right structures in your organization and cultivating a team that delivers excellence. "Putting the right structures in place is essential for creating an environment where ideas can thrive and be transformed into impactful solutions." – Rich Wilding, Co-Created Partner, UK https://lnkd.in/egTMBcdZ #structureforsuccess #venturefundamentals #venturestudio #venturebuilding #impactfulinnovation #sustainability #inclusiveinnovation #cocreated

Where does Corporate Innovation go wrong? #1: Unclear & Undefined Innovation Intent A few years back, in collaboration with a large conglomerate, a decision was made by the board to build an innovation team, investing millions of dollars and appointing a venture leader along with several team members. Along with the team, the venture leader developed a startup creating a novel data technology, which resulted in tens of millions of dollars in revenue for the company in its inaugural year. However, during the review period, executives expressed dissatisfaction, questioning why the team hadn't contributed to evolving the company's core offerings and why they had violated internal rules. Consequently, the leader was fired, despite the lack of clear innovation intent from higher-ups regarding the definition of what successful innovation means for the organization. This misdirection often stems from a lack of defined strategy at the top. Effective innovation strategy necessitates strategic discussions focused on outcomes rather than just overarching objectives as well as defined innovation governance systems. Corporate Innovation starts with clear intent that answers these three fundamental questions: 1. Burning platform: Why are we innovating - what is our Growth Gap? 2. Definition: What is our definition of innovation? 3. Fields-of-Play: Where do we play - and where do we NOT play? #corporateinnovation #corporateventuring #corporateventurebuilding