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.
Australia is currently ranked number 23 on the Global Innovation Index 2017.
“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.
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?
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.
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.
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.
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.
Many organisations stifle the very innovation that they seek through ingrained habits that block creativity and risk-taking. Here are 10 habits that choke disruption and kill innovation.
The sign of a healthy innovation culture is one in which its people feel comfortable sharing their ideas, opinions and criticisms, without fear of retribution.
Here are 10 products that would not have seen the light of day, had it not been the result of multiples failures, human error or serendipity.
Our top ten podcasts on corporate innovation and entrepreneurship.
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?
Here are ten of the top corporate innovation labs in Singapore.
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.
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.
Overnight successes are usually anything but. In most cases, what appears to be a sudden rise to prominence is often the the manifestation of years of frustration, trial and error and time spent honing one’s craft.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Do you know how well your business is performing when it comes innovation? Would you like to know how to improve your innovation capability?
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.
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.
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.
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.
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
Design Thinking is just one piece of the corporate innovation puzzle and it alone is never enough.
Lawrence Levy was CFO of Pixar from Toy Story through to Monsters Inc. Uncover 10 key insights on corporate innovation and culture change.
VideoRentalz fearlessly faces the future, secure in its ability to keep families together.
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 legal and compliance (L&C) teams can enable corporate innovation.
The rituals and routines of guests from the Future Squared podcast.
Busting the biggest corporate innovation myths and some tips to counter these common lies
In this episode of Fast Fix Friday I talk hackathons, and how, while they are a great tool for bringing teams together to move quickly to build prototypes, are often done in a way that doesn't focus on problem solution fit, unique value proposition or business model.
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.
"If you come back here in a year how will you determine whether or not we’ve been successful?”
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.
For emerging businesses, startups and new corporate ventures, there is a tendency to optimise the wrong thing.
Mills Oakley is launching Asia-Pacific's first Legal Startup accelerator.
In this episode I speak with Arnaud Bonzom, Director of Corporate Innovation at 500 Startups.
Pascal Finette heads up Entrepreneurship at Singularity University as well as SU Labs, its accelerator program which grows startups that are focused on tackling the world’s most intractable problems leveraging exponential technologies.
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.
In this episode of Fast Fix Friday, I cover a topic that is the bane of existence for many a corporate employee which is getting buy in for corporate innovation
Leslie Barry is currently the head of innovation at Sportsbet, Australia’s largest online bookmaker with $117M operating profit / 79.4 million pounds in 2015.
In milestone episode #50, I speak to Chris Kutarna, a two-time Governor General's Medallist, a Sauvé Fellow and Commonwealth Scholar, and a Fellow of the Oxford Martin School with a doctorate in politics from the University of Oxford.
This Fast Fix Friday is all about your ego and why you should kill it!
Max Kelly is currently Managing Director of Techstars London.
Our podcast has just turned 50! To celebrate, we've listed out 50 of the most important and memorable lessons about innovation.
In this bonus episode, I speak with Evan Shellshear, author of the newly released book, Innovation Tools.Innovation is hard work so you need the best tools. After years of research and dozens of case studies, those tools have been distilled into Evan Shellshear’s latest book.
More and more companies that were once small and built their reputation on disruptive innovations, are now big, and have other priorities.
_92d050.png)
