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Corporate Innovation
6 Lessons for Corporate Innovation Teams from the Downfall of Theranos

Here are six key learnings from the downfall of Theranos for corporate innovation teams.

 
 
Design Thinking
So You Ran a Design Thinking Workshop. What’s Next?

Have you ever attended a design thinking workshop? If the answer is yes, then there is a high chance you left the session feeling like this…

 
 
Human Performance and Productivity
37 Lessons on Productivity and Work from Basecamp’s Jason Fried

I recently caught up with Jason Fried for a conversation about work, life and productivity on the Future Squared podcast.

 
 
Legal Services
Legal Innovation: 5 Experts Predict Future Challenges and Opportunities

In spite of the growing uptake of technology based solutions by firms, the truly disruptive technologies revolving around AI and blockchain for instance, that will be making waves for the next few decades are still, arguably, in their infancy.

 
 
Entrepreneurship
How to Be Half as Busy and Twice as Productive (and Effective!)

As Warren Buffett put it, “the difference between successful people and really successful people is that really successful people say no to almost everything.”

 
 
Innovation
Innosight’s Scott Anthony with 35 Lessons and Insights on Corporate Innovation

I recently had Innosight Managing Director Scott Anthony guest on the Future Squared podcast and we riffed on all things corporate innovation, or being an entrepreneur inside a large, established organisation.

 
 
Legal Services
7 Leaders Share Their Thoughts on the Future of Legal Services

The way that legal services are delivered is fast changing due to advances in technology and business model innovation.

 
 
Flow
Our 9 to 3 Workday Experiment

The 9 to 5 workday is a product of nineteenth-century socialism.

 
 
Legal Services
Collective Campus Launches Legal Academy to Help Law Firms Innovate

A recent survey of 154 companies found that more than one in four company lawyers cannot name a law firm they regard as innovative.

 
 
Philosophy
Delight People with the Unexpected

Humans beings are an interesting bunch. What we yearn for one day, we take for granted the next. Over the past one hundred years, we’ve learned to take electricity, running water, healthcare and the fact that we have an abundance of food that comes from all corners of the globe for granted. We have a tendency to normalise any positive experience after repeat exposure to it, eventually nullifying it. We find ourselves bored with what once filled us with joy and seek out longer, more intense experiences, forever ‘chasing the dragon’ and that high of the first time.

 
 
Artificial Intelligence
The Potential for AI in the Law Firm of the Future

Undoubtedly, this is a time of rapid technological transformation, with Artificial Intelligence (AI) technologies being an increasingly core area of focus for top and mid-tier law firms in their long-term strategy.

 
 
Startups
Common Mistakes When Partnering with Startups

Investment on digital transformation alone is set to hit US$7 trillion worldwide by 2021, according to IDC. However, big investments open the door for costly failures, and 84% of digital transformations go on to fail. Organisations are investing big on innovation initiatives that are said to build a culture of innovation but ultimately amount to little more than innovation theatre, despite their best intentions.

 
 
Corporate Innovation
Time to Kill Corporate Innovation Theatre and Get Serious

The late Stephen Hawking famously said that “intelligence is the ability to adapt to change”.

 
 
Corporate Innovation
Play Within Your Bankroll to Increase Your Risk Tolerance

In poker, your bankroll represents how much money you’ve set aside exclusively to play.

 
 
Legal Services
At the Top of Their Game – Law Firms and Their Tech

“The legal world will change more radically over the next two decades than over the last two centuries.”

 
 
Entrepreneurship
10 Rules for Maintaining Energy and Enthusiasm for Anything

So many entrepreneurs get excited when they start something but their investment and energy tapers off once that initial buzz wears off.

 
 
Accelerators
In Review: The Village Xperience VR/AR Accelerator 2018

Virtual reality has long been considered a thing of science fiction but is quickly becoming science fact.

 
 
Accelerators
In Review: The Charter Hall PropTech Accelerator 2018

The real estate industry has long been considered a laggard insofar as technology adoption has been concerned with more than 40% of real estate companies still relying on spreadsheets and paper-based processes to manage properties today.

 
 
Startups
Singapore’s NTUC Income Scouting Australian Startups

It is no secret. Organisations are investing heavily in both finding and partnering with startups to drive innovation.

 
 
Corporate Innovation
The Curious Case of Cargo Cults and Corporate Innovation

The term cargo was first used to describe a range of practices carried out by a group of people that occurs in the wake of contact with more technologically advanced societies.

 
 
Corporate Innovation
10 Leaders in Hong Kong share their Corporate Innovation Advice

Hong Kong is currently ranked 16th in the Global Innovation Index and corporate innovation has never been more important in the region than it is now.

 
 
Corporate Innovation
What Large Companies Can Learn from the Rise of China

For two hundred years China was considered an economic basket case; its population resigned to a life of poverty among the rice fields.

 
 
Corporate Innovation
The Number One Reason Your Company Can’t Innovate

Companies spend a lot on innovation.

 
 
Leadership
14 Ways You’re Sabotaging Your Organisation

On 17 January 1944, the Office of the Strategic Services of the CIA issued the Simple Sabotage Field Manual.

 
 
Corporate Innovation
Drive Innovation with a Culture of Ownership, Not Blame

In the early days of Collective Campus, like most new organisations, we kept ourselves afloat by taking part time jobs on the side and working with a number of small clients who paid us just enough to keep the lights on.

 
 
Corporate Innovation
9 Leaders in Malaysia Share their Corporate Innovation Advice

Malaysia is currently ranked 37th in the Global Innovation Index and is quickly climbing up the rankings.

 
 
Accelerators
Announcing the Startups in the Charter Hall (PropTech) Accelerator Program!

Collective Campus is pleased to announce the startups that have been selected as part of the inaugural PropTech accelerator program with Charter Hall.

 
 
Accelerators
Announcing the startups in the Village Xperience (VR/AR) Accelerator Program!

Collective Campus is pleased to announce the startups that have been selected as part of the inaugural VR/AR accelerator program with Village Roadshow and Microsoft.

 
 
Accelerators
Connecting Two Large Companies with 100 Startups to Drive Innovation

Over the past 90 days, my team has been searching high and low across Australia to find and recruit VR/AR and real estate startups to the Village Xperience and Charter Hall PropTech corporate accelerator programs respectively.

 
 
Customer Experience
How to Identify Customer Pain Points

Most people don’t like pain and they definitely don’t like to experience the same pain more than once.

 
 
Innovation
13 Innovation Champions Within Financial Services Share their Insights

The financial services industry is investing heavily in driving innovation, not only in Australia, but across SouthEast Asia too.

 
 
Innovation
Top 6 Innovation Centres in Shanghai

Shanghai is fast becoming a leading global innovation hub, joining the likes of San Francisco and Singapore.

 
 
Enterprise Innovation
The Future of Open Innovation

There is a cultural shift in which innovation is no longer a linear process but part of an interconnected ecosystem where people, organizations, and sectors can foster inspiration, idea-generation, co-creation, and validation of ongoing iterations.

 
 
Technology
The End of Deep Leisure

May 29, 2000. I still remember this date like it was yesterday.

 
 
Corporate Innovation
Top 9 Corporate Innovation Cities Around the World

Are you looking for the next creatively charged environment for your company? Here are the top cities around the world for corporate innovation.

 
 
Corporate Innovation
How to Conduct a Problem Interview

Far too many entrepreneurs and corporate innovation teams fall in love with their solution, instead of the problem they’re solving or the value they’re supposed to be creating for customers.

 
 
Culture
Culture Eats Strategy Eats Culture for Breakfast

Peter Drucker’s famous musings that culture eats strategy for breakfast rings as true today as it did then.

 
 
Startups
How to Evaluate Startups for Corporate Partnerships

In the past three years, Collective Campus has been home to more than 50 startups that have gone on to raise over US$13M.

 
 
Innovation
5 Open Innovation Success Stories

For organisations seeking to uncover new and innovative products and services, it’s no longer enough to look inwards.

 
 
Accelerators
Why Your Company Should Run an Accelerator Program

As the pace of technology and disruption increases and the average company life expectancy continues to shrink, organisations need a strategy to future proof their business and avoid an ugly demise.

 
 
Corporate Innovation
What the Corporate Company of the Future Looks Like

As the lifespans of organisations get shorter, it’s more important than ever to understand how organisations can avoid the black hole of bankruptcy and economic irrelevance.

 
 
Psychology
How to Make Better Decisions

Every day we’re tasked with making decisions.

 
 
Innovation
8 of the Most Innovative Sports Organisations

New technology continues to drive innovation within the sports industry.

 
 
Enterprise Innovation
Top 20 Must Read Books On Innovation

Here’s our list of 20 best books on innovation. These are essential reads are relevant for innovation management, creativity and entrepreneurship for 2016, 2017 and 2018.

 
 
Accelerators
10 Corporate Accelerators in Singapore You Should Know About

In just the last two years, millions of dollars from corporates and government have been committed to numerous accelerator programs. Here is a list of the top ten corporate accelerator and incubator programs in Singapore, which combine both deep domain and startup building expertise.

 
 
Ideation
Corporate Ideation: Why Ideas Die and How to Revive Them

Why your ideation tools aren’t working and how to bring ideas back to life. In this article, we cover the definition of the ideation process steps, followed by recommended approach, examples and techniques. This is essential for the execution of design thinking.

 
 
Corporate Innovation
5 Ways Investment Can Kill Innovation

Collective Campus in its third year now and in that time I’m proud to say that, unlike other consultancies and education providers that have come (and gone already in many cases), we didn’t start out with fundraising as a key priority. It still isn’t.

 
 
Corporate Innovation
Top Blogs For Overcoming Corporate Innovation Challenges

We are indeed living in an age where anybody with an internet connection has access to more information than the POTUS had just 15 years ago.

 
 
Corporate Innovation
The Innovation Blockers at your Company

Without the right people driving innovation, there is a high likelihood that your innovation efforts will come to a standstill.

 
 
Innovation
6 of the Worst New Product Failure

Fear of failure is often referred to as the number one enemy of creativity.

 
 
Design Thinking
The Difference Between Design Thinking, Lean Startup, and Agile

As more large companies begin to embark upon audacious transformation plans and set up innovation teams, more corporate professionals are being introduced to a world in which terms like design thinking, lean, agile, pivot, experiment, fail, adapt and so on are used almost interchangeably.

 
 
Innovation
10 Lessons On Public Sector Innovation from My Conversation with City West Water’s Sean Hanrahan

City West Water is a wholly Government owned retail water business operating throughout inner and western Melbourne.

 
 
Design Thinking
6 Resources to Help You Learn Design Thinking

A recent research report prepared by Commonwealth Bank, appropriately titled “Jobs and Skills of the Future Report”, outlines the new types of jobs that will be created in Australia.

 
 
Innovation lab
Top 7 Innovation Labs in Australia

Australia is currently ranked number 23 on the Global Innovation Index 2017.

 
 
Corporate Innovation
What C-Suiters and Corporate Innovation Teams Can Learn from Jeff Immelt’s ousting at General Electric

It’s no secret that large, publicly listed organisations struggle to successfully explore innovation due to the short-term interests of their investors.

 
 
Corporate Innovation
4 Ways to Win at Open Innovation

Coined by Professor Henry Chesbrough, Open Innovation is about creating inflows of knowledge from the external environment and outflows of knowledge to the ecosystem through collaboration. In this article, we compare open innovation and closed innovation, review examples of companies using this platform and analyse the advantages and disadvantages. Here are four ways that your organisation can leverage OI to boost your success rate.

 
 
Corporate Innovation
8 Innovation Leaders in Singapore Share their Corporate Innovation Advice

Singapore is currently ranked as the sixth most innovative country in the world and it is home to some of the biggest corporate innovation programs.

 
 
Ideation
Idea Generation Process – How to Come Up with 10 Ideas in 10 Minutes

Everyone wants to come up with the next Uber or AirBnB but not everyone knows the best way to get there.

 
 
Corporate Innovation
Rapid Prototyping: 6 Ideas in 3 Hours with 10 People from a Global FMCG

We hear it all the time from corporate innovation teams.

 
 
Creativity
How to Facilitate Evaluation of Ideas

Far too often I’ve sat in brainstorming sessions where ideas died a slow death afterwards. Ideas alone are not innovation; without a process of evaluation, selection and execution, they remain mere ideas.

 
 
Enterprise Innovation
10 Companies That Failed To Innovate, Resulting In Business Failure

It’s crazy to think that 88% of the Fortune 500 firms that existed in 1955 are gone. These companies have either gone bankrupt, merged, or still exist but have fallen from the top Fortune 500 companies. Most of the companies on the list in 1955 are unrecognizable, forgotten companies today.

 
 
Corporate Innovation
5 Reasons Why Innovation Fails To Happen At Your Organisation

“Innovation” is no longer a buzzword but a critical success factor for organisations seeking to survive and thrive into the future. Corporate innovation in particular has started to enter the everyday lexicon of boardrooms and the emergence of innovation managers and departments is increasingly common.

 
 
Corporate Innovation
The Number One Piece of Advice for Corporate Innovation Teams (Test Your Assumptions)

Imagine that by now you’ve held your successful ideation session, generated a bucket load of ideas and created a shortlist of the top ideas that are going to solve the innovation woes of your organisation. Well done, you. What’s next?

 
 
Design Thinking
Why Design Thinking is Failing at your Company (+ The Right Framework)

Design thinking is starting to gain traction in many large organisations. It is being recognised as a powerful way to drive innovation and subsequently companies are upskilling their employees on the methodology.

 
 
Customer Experience
5 Customer Experience Stories that You Will Tell your Friends About

Here are five stories of companies that know how to surprise and delight their customers.

 
 
Startups
10 Startups in Southeast Asia You Should Know About

The startup activity in Southeast Asia is currently booming with deals on track to hit record numbers in 2017. Over 500 deals are expected by the end of this year, following an impressive 2016 that resulted in 347 deals.

 
 
Innovation
Should Innovation Audits Be Mandatory?

The average company lifespan continues to drop. In the mid 20th century the average company lifespan was more than 60 years and this stands at just 15 years today. This is expected to fall further to 10 years by the year 2025.

 
 
Corporate Innovation
Smell, Don’t Tell – How to Win Buy-In for Corporate Innovation

Winning buy-in from senior and middle management for corporate innovation initiatives is one of the biggest challenges intrapreneurs face. Oftentimes, intrapreneurs resort to presentations and meetings with executives in an effort to convince them why they should explore new initiatives. Sometimes this works. Most times it doesn’t. Such pursuits fall flat because the recipients have an inherent lack of incentive to explore innovation, a preconceived notion that innovation is risky and expensive and ultimately, don’t understand or connect with the proposition.

 
 
Corporate Innovation
How to Prioritise Corporate Innovation Initiatives

When it comes to corporate innovation, there are indeed no silver bullets. The best way to figure what works for your organisation is to take small bets across a number of initiatives, as one would when building a new product using the lean startup philosophy.

 
 
Corporate Innovation
12 Types of Prototypes to Test Your Idea

Fail fast and often is a rhetoric we are no doubt used to hearing, and perhaps have come slightly sick of – like anything that is repeated too often. And perhaps that has to do with the fact that such narrative isn’t actionable.

 
 
Entrepreneurship
How To: Outsourcing and Virtual Assistants

I’ve been using virtual assistants for several years. Today, virtual assistants are a big part of the reason why I can maintain what people consider a very high output (in the past two years – in addition to running an innovation consultancy – I founded a children’s entrepreneurship program, published two books, launched a podcast that as of writing is 187 episodes strong and still maintain a solid social life, daily fitness routine, have ample time to learn and maintain interests outside of work – my team will tell you I’m rarely in the office past 7pm and rarely work weekends).

 
 
Corporate Innovation
The Corporate Innovation Trade-Off When Getting Senior Management To Buy In

More often than not, senior management and the C-suite assume that exploring disruptive innovation is incredibly risky, and it is. It’s often a key bugbear to getting senior management buy-in for corporate innovation initiatives.

 
 
Corporate Innovation
The One Innovation KPI Metric That Matters for Big Companies

When it comes to corporate innovation, it’s easy to focus on metrics such as ideas captured by an idea challenge, the number of prototypes developed or experiments run. But with most corporate innovation initiatives quickly degenerating into theatre, failure rates are running high (eg. 80-90% of innovation labs fail). Such failures ultimately lead to senior stakeholders withdrawing their support while intrapreneurs become increasingly dissatisfied and leave the organisation to seek out greener, more innovative pastures elsewhere.

 
 
Innovation
36 Cognitive Biases that Inhibit Innovation

In this post I’ve unpacked 36 cognitive biases that can stifle your innovation efforts, how they might apply to the field and a proposed solution or mitigant for each. If you’ve got some alternative mitigants to address these biases, I’d love to hear from you in the comments.

 
 
Innovation
The Business Case Alternative: How to Support Disruptive Innovation at a Large Company

Disruptive ideas usually don’t see light of day at large companies. And when they do, it’s not for long. If an idea falls under the banner of Horizon 1 innovation, then congratulations – most large companies are already built for this and a business case is an almost perfect vehicle for it. But if an idea proposed by an employee meets this definition of disruptive innovation, then it needs an alternative approach.

 
 
Corporate Innovation
10 of the biggest Corporate Innovation Programs in Singapore

Singapore is fast growing into an innovation powerhouse. There are ten organisations that are running innovation programs in Singapore that you need to know about.

 
 
Corporate Innovation
How to Sell your Idea to Management

Struggling to get sell your innovation idea to management? Developing a pitch is an effective way to communicate your idea and all the details underpinning it.

 
 
Customer Experience
3 Techniques to Help you Really Understand your Customers

The highest quality solutions come from valuable insights into human behaviour. However, learning to recognise those insights is harder than you think. Here are three techniques, that when applied correctly, can uncover customer insights that you would never have thought existed.

 
 
Corporate Innovation
5 Reasons Corporates Find It Challenging To Innovate

Leaders are realising the importance of culture in enabling innovation but at the same time innovation blockers are still prevalent within organisations. Here are five key factors blocking corporates from innovating.

 
 
Design Thinking
Does Design Thinking actually work?

Design Thinking is a buzz phrase that has been thrown around companies for many years now. But how is Design Thinking any different from the way companies have always approached problem solving?

 
 
Corporate Innovation
Corporate Spin-Off War Stories

When it comes to corporate innovation, organisations can embark upon a number of different programs, based on their objectives, their current capacities and whether they want to innovate internally, externally or take a hybrid approach. Organisation are spinning off companies for a number of reasons. Find some high profile examples inside.

 
 
Innovation
Why Traditional Metrics like NPV, IRR and RONA Kill Innovation (+ Metrics To Focus On Instead)

“That which can be measured can be managed.” As such, 20th Century management science gave us a number of metrics to monitor the performance of a business venture, including return on investment (ROI), net present value (NPV) and internal rate of return (IRR).

 
 
Lean Startup
How To Create Incentives For Target Customers to Give You Idea Feedback

While we can sometimes get away with online customer testing testing, we often have to face up to the much more socially confronting task of interrupting strangers simply going on about their business on the street, which is no easy feat to say the least.

 
 
Corporate Innovation
Top 10 Podcasts for Corporate Innovation

Our top ten podcasts on corporate innovation and entrepreneurship.

 
 
Corporate Innovation
KPIs and Employee Incentives to Encourage Corporate Innovation

Managers are incentivised to deliver on an existing, repeatable business model, not to help discover new ones. So how do we incentivise them to innovate without sacrificing the core business model which is, after all, where we make money today?

 
 
Enterprise Innovation
The Executive’s Recipe To Overcoming Challenges To Innovation

Innovation has become the definitive buzzword throughout large companies across the globe. More often than not though when executives encourage the masses to ‘go forward, be bold and innovate’, it often amounts to nothing more than lip service

 
 
Corporate Innovation
10 Innovation Labs to visit in Singapore

Here are ten of the top corporate innovation labs in Singapore.

 
 
Design
Design Thinking Process Made Easy

Check out this infographic that provides an overview of this popular approach to problem solving.

 
 
Ideation
How to Run A Successful Ideation Session

Get your team together (ideally between four to eight people) and start brainstorming by applying the following five tips to increase the likelihood of a successful outcome.

 
 
Innovation lab
How to Stop your innovation Program from Failing

Why are innovation programs being abandoned and how can companies that are actually investing in innovation increase the return on innovation investment? Here are eight essential elements that will help stop your innovation programs from failing.

 
 
Innovation
The Top 10 Company Pivots of All-Time

While there’s much talk emanating out of Silicon Valley nowadays that “pivot is the new fail”, when the term first gained popularity off the back of the lean startup movement in the early 2010s it effectively meant making a fundamental shift in your business model, based on customer learnings, towards one that is designed to bring you closer to product market fit.

 
 
Corporate Innovation
Partnerships: Corporates are from Venus, Startups are from Mars

Corporate startup partnerships represent a massive clash of cultures. There are countless platforms that corporates can leverage to connect with startups such as Crunchbase, Angelist, Startup List and Gust. Add to this meet-ups, pitch nights, conferences, blogs and social media all making it easier than ever to identify and connect with startups doing compelling things in your industry or adjacent industries. What’s really lacking is a roadmap on how to work with startups.

 
 
Education
Are You Really Happy at Work? 6 Key Factors to Consider.

It’s easy for us to get sucked into the matrix and grind out work, day after day, and look around at our colleagues all doing the same thing and assume that ‘this is the way it’s supposed to be’ without really ever taking the time to reflect on what we really want and whether or not we’re truly happy and fulfilled in our work.

 
 
Innovation lab
6 Approaches to Corporate Innovation Programs

When it comes to corporate innovation programs there’s a number of different structures that large organisations can adopt, however knowing which one to adopt can be a challenge, and oftentimes executives find themselves chasing after shiny metal objectives such as innovation labs where strategic alignment can often become an afterthought.

 
 
Corporate Innovation
8 Ways Corporates Can Engage Startups To Drive Innovation

Large organisations are engaging startups in growing numbers, due in part to a realisation that companies have not been built to respond to the accelerating pace of change in a timely manner, and that short of restructuring the entire organisation from the ground up, partnering with startups who are unencumbered by bureaucracy, short-term shareholder demands and employee incentives, is an easier way to tap into emerging technologies, business models and talent.

 
 
Entrepreneurship
The 4 Ps of Innovation and Entrepreneurship

When it comes to innovation and entrepreneurship, a number of core qualities or attributes are fundamental to success, which are best encapsulated by the following four Ps.

 
 
Artificial Intelligence
What might humanity do in 30 years?

A recent World Economic Forum report has built on this and found that 65% of children entering primary school today will end up working in completely new job types that don’t exist yet.

 
 
Corporate Innovation
The Hard Truth about Corporate Innovation – Obstacles & Challenges

One of Australia’s long running broadcast networks, TEN, went into voluntary administration recently after reporting a $232 million loss. This is yet another sobering reminder that the once mighty will fall unless they begin to challenge their existing business models, despite the fact that it’s where they make all of their money today.

 
 
Enterprise Innovation
Get Out Of The Building for Corporate Innovation Efforts

Large corporations can have what seems to startup founders to be vast amounts of resources – more than they know what to do with (this can often be the case where companies elect to pay out huge dividends instead of investing in R&D). So why don’t large companies with millions and sometimes billions of dollars in capital reserves come out with the next big thing, the next UBER or the next Xero?

 
 
Corporate Innovation
The Hard Truth about Corporate Innovation – Obstacles & Challenges

One of Australia’s long running broadcast networks, TEN, went into voluntary administration recently after reporting a $232 million loss. This is yet another sobering reminder that the once mighty will fall unless they begin to challenge their existing business models, despite the fact that it’s where they make all of their money today.

 
 
Entrepreneurship
3 Personal Growth Hacks that you can Action Today

Over the last six months I have identified three personal growth hacks that everyone should be aware of. The great thing is you can action these straight away!

 
 
Enterprise Innovation
Get Out Of The Building for Corporate Innovation Efforts

Large corporations can have what seems to startup founders to be vast amounts of resources – more than they know what to do with (this can often be the case where companies elect to pay out huge dividends instead of investing in R&D). So why don’t large companies with millions and sometimes billions of dollars in capital reserves come out with the next big thing, the next UBER or the next Xero?

 
 
Customer Experience
5 Easy Steps Towards Customer Experience Optimisation

Given the lack of time and resources across organisations, customer experience often drops down the priority list. The following five step guide has been put together for time conscious corporates that are looking to put a stronger focus on customer experience.

 
 
Corporate Innovation
Corporate Startup Partnerships 101

A roadmap to effectively partnering with startups.

 
 
Enterprise Innovation
Benchmark Your Company’s Innovation Maturity

Do you know how well your business is performing when it comes innovation? Would you like to know how to improve your innovation capability?

 
 
Enterprise Innovation
Top 20 Must Read Books On Innovation

Here’s our list of 20 best books on innovation. These are essential reads are relevant for innovation management, creativity and entrepreneurship for 2016, 2017 and 2018.

 
 
Corporate Innovation
5 Types of Innovation Theatre Happening in Your Organisation Right Now

Falling into the trap of what Steve Blank calls ‘innovation theatre’ and applying band-aid solutions usually leads to frustration and waste. Here are some of the most common forms of corporate innovation theatre that your company is probably singing and dancing about.

 
 
Corporate Innovation
4 Ways to Win at Open Innovation

Coined by Professor Henry Chesbrough, Open Innovation is about creating inflows of knowledge from the external environment and outflows of knowledge to the ecosystem through collaboration. In this article, we compare open innovation and closed innovation, review examples of companies using this platform and analyse the advantages and disadvantages. Here are four ways that your organisation can leverage OI to boost your success rate.

 
 
News
URWork Partners with Collective Campus to Build a Bridge of Entrepreneurship Between Australia, Singapore and China

URWork, one of Asia’s largest co-working space operators with a valuation of more than US$1B, is set to open its first operation out of China in Singapore.

 
 
Hackathon
13 Must Haves Before Organising A Corporate Hackathon

In order to get the most out of a corporate hackathon and generate some quick wins that organisers and innovation champions will be able to use to build a case for subsequent initiatives and further development of ideas, taking the time to consider and prepare the following 12 things can make a world of difference.

 
 
Corporate Innovation
27 Tools to Accelerate Your Company’s Speed of Innovation

There are countless tools we use with clients to build fast, learn fast and measure fast in order to determine what will ‘wow’ customers enough to extend or generate new lines of revenue and remain a competitive force well into the future.

 
 
Corporate Innovation
14 Apps to support Corporate Innovation

14 tools to support your team’s corporate innovation efforts.

 
 
Psychology
If Geeks are the New Cool, Will We Lose Less of Them?

Like me, his parents had migrated to Australia in the 70s from the then socialist Yugoslavia, in search of a better life. As such, his parents had instilled beliefs around the value of education and hard work in young Tommy.

 
 
Corporate Innovation
How to Identify Synergies between Corporates, Startups and Spin-offs

It’s been well documented by the likes of Steve Blank and Clayton Christensen that if you want explore disruptive innovation in a large company, you have to either redesign or create parallel processes, systems and values internally in order up to support behaviours critical to innovation

 
 
Culture
Design Thinking Is Never Enough

Design Thinking is just one piece of the corporate innovation puzzle and it alone is never enough.

 
 
Culture
Time to Disrupt your Employee Performance Reviews

Often conducted annually, employee performance reviews generally have a negative stigma attached to them (specifically at large organisations). Unfortunately, there isn’t a one size fits all solution but there are several underlying principles that every organisation should follow.

 
 
Creativity
10 Strategies For Changing Company Culture… To Infinity and Beyond!

Lawrence Levy was CFO of Pixar from Toy Story through to Monsters Inc. Uncover 10 key insights on corporate innovation and culture change.

 
 
Enterprise Innovation
Ask for Forgiveness, not Permission

The story of a 3M researcher, $99 purchase orders and a $60B empire.

 
 
Customer Experience
4 Examples of Companies Leading the Way in Customer Experience

It is no coincidence that the most innovative brands in the world are also leading the way in customer experience.

 
 
Innovation lab
How to Prevent your Innovation Lab from Failing

Innovation labs are popping up all over the world. A recent report noted that 88 innovation labs opened their doors globally…

 
 
News
Movie Rental Giant Confident Online Streaming a Passing Fad

VideoRentalz fearlessly faces the future, secure in its ability to keep families together.

 
 
Creativity
Creativity isn’t a Skill, it is a State of Mind.

Flow Genome Project’s Jamie Wheal discusses why creativity is more than a skill.

 
 
Enterprise Innovation
Australian Government to Innovation & Startups: “We can’t support you because you’re for profit”

The role that Government should play in fostering entrepreneurship.

 
 
Ideation
Corporate Ideation: Why Ideas Die and How to Revive Them

Why your ideation tools aren’t working and how to bring ideas back to life. In this article, we cover the definition of the ideation process steps, followed by recommended approach, examples and techniques. This is essential for the execution of design thinking.

 
 
Enterprise Innovation
How Legal Teams Can Enable Corporate Innovation

Corporate legal and compliance (L&C) teams can enable corporate innovation.

 
 
7 Fintech Companies from the UK to look out for in 2017

Last week I had the pleasure of attending Startup Bootcamp’s Fintech Demo Day in London.

 
 
Legal Services
Legal Innovation: The Mills Oakley Accelerator Pitch Night

The Mills Oakley Accelerator has been established to commercialise legaltech.

 
 
Innovation
Innovation Lessons from the Vietnam War

Lessons from the Vietnam War on the one thing that differentiates successful entrepreneurs

 
 
Innovation
6 Innovation Fails Learnt from a ‘Men Only’ Co-Working Space

What not to do when it comes to innovation and new product development.

 
 
Enterprise Innovation
What Happens When We Live to 120? A Look into Human Longevity Tech and its Implications on Life.

Overview of emerging medtech and the implications of a longer lifespan on our lives,

 
 
Enterprise Innovation
Innovation Funds In Australia, So Where the Bloody Hell Are You?

The Australian Government could be doing more for innovation.

 
 
Enterprise Innovation
Legal Services & Tech Disruption in Australia

Legal services are delivered is changing due to technology and business model innovation.

 
 
Enterprise Innovation
Top 3 Qualities That Make a Great Innovation Manager

Do you have what it takes to be a great Innovation Manager?

 
 
Enterprise Innovation
Stop Digitising Broken Processes and Start with Why

Many large organisations are guilty of taking old, oftentimes broken, processes born out of 20th Century necessity and digitising them. Such pursuits are internally heralded asshiningexample of innovation and digital transformation. However, this usually amounts to little more than expensive and at best incremental improvements.

 
 
Enterprise Innovation
5 Lies Big Firms Tell Themselves About Corporate Innovation

Busting the biggest corporate innovation myths and some tips to counter these common lies

 
 
Enterprise Innovation
Success Metrics for Corporate Innovation Programs and Teams

“If you come back here in a year how will you determine whether or not we’ve been successful?”

 
 
Enterprise Innovation
The 5 Funding Traps of Corporate Innovation Projects

In an age where the time between disruptions is getting shorter and the exponential growth of technology threatens the upheaval of almost every industry, certainty is fast becoming a distant memory. Yet, when it comes to deciding which projects to invest in at most large organisations, we often rely on projections and estimates based on assumptions about the same uncertain future. Think of this as the Innovator’s Funding Dilemma, encapsulated by these five common pitfalls of funding corporate innovation projects.

 
 
Enterprise Innovation
Increase Your Return on Optimisation (ROO)

For emerging businesses, startups and new corporate ventures, there is a tendency to optimise the wrong thing.

 
 
News
Announcing the Mills Oakley Accelerator

Mills Oakley is launching Asia-Pacific’s first Legal Startup accelerator.

 
 
News
LaunchVic Gives the Nod to Lemonade Stand and Victorian Childpreneurs!

The team at Lemonade Stand are proud to announce that we have successfully secured $100,000 as part of LaunchVic’s $6.5m first round of funding allocations.

 
 
Enterprise Innovation
5 Metrics to Measure and Test Innovation

The disruptive innovation theory, penned in 1997 by Clayton Christensen in his seminal work The Innovator’s Dilemma, describes a process by which a product takes root in simple applications at the bottom of a small market and moves upmarket, eventually displacing industry incumbents.

 
 
Innovation
Why You Should Disrupt Yourself – and How I Did

I had the pleasure of interviewing Whitney Johnson, author of Disrupt Yourself, and formerly co-founder of Rose Park Advisors alongside Clayton Christensen, way back when in episode #13 of Future Squared.

 
 
Enterprise Innovation
Kill Your Ego

This blog is about your ego, and why you should kill it.

 
 
News
Collective Campus selected for panel of Digital Transformation Office (DTO)

We’re super pleased to announce Collective Campus has been selected to join the panel of the Digital Transformation Office.

 
 
Enterprise Innovation
50 Lessons on Corporate Innovation and Entrepreneurship from 50 Episodes of Future²

Our podcast has just turned 50! To celebrate, we’ve listed out 50 of the most important and memorable lessons about innovation.

 
 
Innovation
Why Australia’s Innovation Transformation Won’t Happen Overnight

Effectively fostering innovation at a national level does not happen overnight, especially not in Australia.

 
 
Enterprise Innovation
9 Ways to Change Your Company Culture through Self Awareness

Did you hear about the manager who always shot the messenger whenever they brought bad news? He eventually stopped hearing bad news.

 
 
Enterprise Innovation
5 Innovation Metrics You Need to Know

When it comes to early stage innovation, we can’t rely on metrics such as ROI or NPV to determine success, particularly given that such metrics favour short term returns whereas disruptive innovation can take years to deliver the kind of returns that large companies are seeking.

 
 
Enterprise Innovation
11 Questions to Ask Before Starting an Innovation Project

Ask good questions and you get good answers. Ask the wrong questions, or worse still, don’t ask questions at all, and you’re essentially driving blind with no sense of direction.

 
 
Enterprise Innovation
The Hierarchy of Needs for Corporate Innovation

Most of us are familiar with Maslow’s Hierarchy of Needs. The theory on psychological health is now almost 70 years purpose rather than just profit, in stark contrast to prior generations, a testament to having already met their other needs.

 
 
Customer Experience
Case Study: Terrible Customer Experience With My Insurer (+ Recommendations)

A case study in what not to do when it comes to customer experience and why the door is wide open for insurance startups looking to disrupt the space by offering significantly better customer service.

 
 
Enterprise Innovation
How to Optimise your Return on Failure (RoF)

If you’re not willing to fail, then you will only ever embark upon safe, incremental improvements, where you have all the answers and therefore can’t fail.

 
 
Enterprise Innovation
15 Personality Traits of the Corporate Intrapreneur

15 key characteristics to look for when it comes to identifying intrapreneurs.

 
 
Enterprise Innovation
5 Ways to Identify Intrapreneurs in Your Organisation

Large organisations are beginning to invest in innovation – usually this takes the form of idea contests, hackathons, incubation programs and intrapreneur programs.

 
 
Lean Startup
Success Cannot Exist Without Passion

I was inspired to write this thought piece by a tifo, or banner to the football layman, which put forward the idea that ‘success cannot exist without passion’, something which is just as relevant for the team’s coach Tony Popovic, who was immortalised on the banner, as it is for innovation and entrepreneurship.

 
 
Enterprise Innovation
50 Common Mistakes Corporate Innovation Teams Should Avoid

There are a number of all too common mistakes that teams make when it comes to corporate innovation programs.

 
 
Enterprise Innovation
How to Increase Productivity by 500% and Boost Innovation

Flow has been defined as a mental state of operation in which a person performing an activity is fully immersed in a feeling of energized focus.

 
 
Enterprise Innovation
Hacking a Corporate Culture to Support Innovation

In my most recent podcast interview with Steve Blank, credited with developing the customer development methodology which birthed the lean startup, we touched on the topic of how the corporate culture inhibits innovation.

 
 
Education
Why Entrepreneurship Education is Critical

Half of the S&P500 will be replaced over the next 10 years at current rates of churn. 187 companies in the list today first entered it in the past 10 years alone

 
 
Enterprise Innovation
5 Reasons Why Companies Should Outsource Prototyping

Could a company outsource prototyping for a new idea completely and let a third-party organisation do all the testing and market validation?

 
 
Agile Mananagement
How Bluedot Cut Costs and Moved Faster After Undergoing Agile Training

Collective Campus walked the team through an intensive 2-day SCRUM bootcamp in which they learned agile principles in addition to techniques related to as Scrum practices, requirements, project initiation, estimation and prioritisation, sprint planning, executing sprints, re-planning, closing a scrum sprint and closing a project.

 
 
Enterprise Innovation
Rick Rubin on Creativity and Innovation Blockers

So many things get in the way of the artistic process, whether writing music, painting or creating new products and business models.

 
 
Enterprise Innovation
Free Handbook: How To Facilitate Innovation Management

Introducing The Innovation Manager’s Handbook – a comprehensive guide to innovating in the enterprise.

 
 
Enterprise Innovation
How to Develop An Innovative Culture Without Compromising The Status Quo

Established companies have been built to deliver, not to discover. So how do we build a culture that supports ideation and experimentation?

 
 
Enterprise Innovation
Why Engaging Startups can Drive Corporate Innovation Initiatives

I recently caught up with Kmart Australia’s innovation program manager, Fabio Oliveira, on my podcast for a discussion on innovation in retail and what the ‘store of the future’ might look like.

 
 
Enterprise Innovation
How we helped Sportsbet employees learn Lean Startup

Check out the video to hear how it went when we taught one of Australia’s largest bookmakers how to use the lean startup methodology.

 
 
Lean Startup
Case Study: How General Electric Saved 80% in Development Costs

General Electric, with $493B in assets and 200,000 employees is applying lean startup.

 
 
Lean Startup
The Most Common Prototyping Error (and 5 Ways to Prototype Better)

The perfect prototype is the one that’s imperfect. Time and time again, new founders will make excuses like, it’s not ready yet”, or “I just want to add a few more things to it” to explain why they haven’t launched their prototype yet. This mentality has slowly suffocated many-a startup.

 
 
Design
An Educator’s Guide To Implementing Design Thinking

Design thinking is a mindset that empowers children with the ability to think creatively.

 
 
Enterprise Innovation
How to Innovate in Government

A combination of values, processes, systems and resource allocation procedures prevent Government from adopting the behaviours and mindsets required to effectively support innovation.

 
 
Design
5 Minutes to a Good Idea

At our recent 48 Hour Lean Startup workshop I helped guide an optometrist with no idea what he wanted to work on to a gamechanging concept in under 5 minutes.

 
 
Enterprise Innovation
Stop Breaking Awkward Silences

Rushing to fill awkward silences is a recipe for disaster when it comes to our brainstorming and innovation efforts.

 
 
Enterprise Innovation
Rise of the Corporate Innovation Outpost

We’ve come a long way from the humble suggestion box and top down decision making long synonymous with corporate innovation. Today, more and more companies are sourcing ideas from not only the entire workforce but also getting outside their building and engaging partners, customers and members of the general public.

 
 
Enterprise Innovation
How to Innovate in a Regulated Industry (Pt. 2)

The risk of taking few large safe bets in today’s environment far outweighs that of taking many small risky bets.

 
 
Enterprise Innovation
How to Innovate in a Regulated Industry (Pt. 1)

Regulation is often used as a scapegoat for a company’s decision not to truly embrace an innovation agenda and the practices that support it. But how does one experiment when a corporate watchdog is breathing down your neck and watching your every move?

 
 
Lean Startup
Infographic: How to Run an Effective Hackathon

Hackathons are a great way to bring together teams with the goal of quickly identifying and solving problems.

 
 
Education
The Future Of K-12 Education in Australia

Collective Campus had the pleasure of hosting a panel talk recently with Stile Education on the future of K-12 education entitled ‘Getting Students Future Ready’.

 
 
Digital Marketing
5 Things University Courses Do Not Teach About Marketing

If you’re a student currently in university or a working professional looking to study masters, it’s time for a reality check

 
 
Enterprise Innovation
Startup Acquisition 101 for Large Organisations

Explore the challenges organisations face in acquiring startups and how to deal with them.

 
 
Lean Startup
Failing Fast (and Other Things Kids Should Learn)

As disruptive technology takes over, kids need to learn how to adapt and be empowered by skills that will prepare them for the future

 
 
Lean Startup
A Success Story in Teaching Children Entrepreneurship

Our recent Lemonade Stand program Lemonade Stand brought kids together to develop their entrepreneurial mindset and capabilities.

 
 
Enterprise Innovation
How to Run an Effective Hackathon for Corporate Innovation

Hackathons (or innovation bootcamps) are a great way to bring together teams with the common goal of quickly solving problems, building prototypes and validating market appetite. This not only helps teams test many ideas quickly to find out what works but also saves them by avoiding the trap of committing millions to building the wrong thing.

 
 
Enterprise Innovation
The Problem with Corporate Innovation Programs

Corporate innovation programs are growing in popularity as more and more industry incumbents come face to face with the realities posed by disruptive innovators. However this means a new set of problems arising. In this article, we cover examples of innovative solutions to these problems.

 
 
Enterprise Innovation
3 Tools to Foster Employee Driven Innovation

One of the biggest mistakes is for companies to believe enterprise innovation is a top-down phenomenon, where managers (or a small team) come up with solutions, and push changes down the organisation. While managers have a significant role in innovation and change within an organisation, employees should be the primary drivers of change.

 
 
Enterprise Innovation
Can Large Companies Disrupt The Start-Up Ecosystem?

Disruption is something we often associate with start-ups these days. But… what happens when corporates learn to innovate?

 
 
Enterprise Innovation
Henry Ford’s Customers Didn’t Want A Faster Horse

Henry Ford’s famous quote serves as a battle cry to many a visionary entrepreneur

 
 
Enterprise Innovation
How To Run An Effective Idea Submission Program

Leaders of large companies are coming under more intense scrutiny and pressure to drive innovation within their organizations, in order to avoid being disrupted by smaller, more nimble competitors. This article covers the how to create a idea submission form & template and facilitate idea submission contests.

 
 
Enterprise Innovation
Applying Lean Startup to Health Insurance

The health insurance industry is facing significant disruption on a number of fronts. If any industry is in need of applying emergent strategy to its product development methods, it’s health insurance.

 
 
Enterprise Innovation
Why Corporates Should Partner With Startups

Large companies faced with the imminent threat of disruption posed by technologies such as cloud and mobile are having to reassess their place in the business landscape. Corporates need to figure out how to stay relevant not just in today’s ultra-competitive environment but also well into the future, to avoid having their bottom lines wither away.

 
 
Design
Solving myki’s Problems using Human-Centred Design

Myki, Victoria’s now three-year old public transport ticketing system has been the subject of public abuse and endless scrutiny since its roll out in 2013. This brings us to the question of human-centered design, or lack thereof, as it applies to Myki’s design and development. In this article we cover the principles and thinking required to impact positive change.

 
 
Education
Disruptive Education: Real World vs Universities

With 65% of the Australian economy facing significant disruption, it’s predominantly a case of out with the old and in with the new. And it’s paving the way for disruptive education models and startups. In this article we cover disruptive innovation in higher education and disruptive learning solutions.

 
 
Lean Startup
4 Week Startup – How We Did It

Collective Campus recently held its first Lean Startup Short Course. The course, held for 20 hours over four weeks, brought together seven budding entrepreneurs and exposed them to the world of build, measure and learn.

 
 
Enterprise Innovation
How To Get Management Buy In For Corporate Innovation

Exploring disruptive innovation is anything but procedure, certainty, safety and achieving quarterly KPIs. Your ability to gain management buy in has numerous advantages. In this article we cover the examples, process, opportunities and how to gain funding.

 
 
News
$60M LaunchVic Fund Announced

We were lucky enough at Collective Campus to host Minister Dalidakis as he visited several of Melbourne’s hotbeds of innovation and entrepreneurship.

 
 
Enterprise Innovation
Stop Brainstorming To Drive Innovation

Whether a company has a hundred, a thousand or one hundred thousand employees, it has access to an untapped resource of unique, diverse and broad perspectives and insights that employees of these companies don’t share effectively.

 
 
Enterprise Innovation
The Executive’s Recipe To Overcoming Challenges To Innovation

Innovation has become the definitive buzzword throughout large companies across the globe. More often than not though when executives encourage the masses to ‘go forward, be bold and innovate’, it often amounts to nothing more than lip service

 
 
Enterprise Innovation
Teaching Entrepreneurship to Australia’s Youth

We’ve been working on our own Lemonade Stand program at Collective Campus, which will be rolled out these summer holidays for children from Grades 5 & 6through to Years 7-10. The program aims to instill business fundamentals, the innovator’s mindset and innovation practices such as human centred design and lean startup into the psyche of today’s youth.

 
 
Digital Marketing
5 Reasons Your Marketing Views Are Outdated

Here are five ways your marketing is outdated, and why Mad Men style advertising won’t work as well in a modern day marketing strategy.

 
 
Digital Marketing
3 Reasons Data is Better Than Creativity for Your Marketing

Here are 3 reasons why investing your budget into data and advertisements is better for your business.

 

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