Dipl.-Ing. Lars Behrendt’s Post

//THE KEY TO INNOVATION IS DE-RISKING IT The key to innovation is actually just de-risking it. Nothing else. Everybody desires innovation, but if it takes years and costs millions, nobody is willing to do that anymore. Our task as innovation developers is to minimize risk and find cost-effective ways to gauge people's interest in our product, service, or business model. So this is our task as innovators, not to spend millions. That's easy. Everybody can do that. P.S. Yep, for years, we focused on technical details and features, but we did that wrong. Yes, we are guilty of having millions burnt, too 🤦🏼 ——— This is how we de-risk innovations and investments in one week only:  https://lnkd.in/eq4TvNC4 #innovation #creativity #future #whatinspiresme #innoweek #venturestudio #companybuilder #vc All rights and credits are reserved to the respective owner(s).  Contact me to add you as a reference or content removal. ♻️ Repost to help your network to bring their ideas to market. And follow Dipl.-Ing. Lars Behrendt for more posts like this.

Lars brings up one of the most important considerations when starting a business or introducing a new product …& that’s to prevent catastrophic loss and unnecessary expense. This is critical to understand.💥💯💥

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⭐ Latest Blog from Maverick Minds It's World Creativity and Innovation Day Sunday 21 April... Read on to find out more. What does creativity and innovation mean to you? #maverickminds #creativity #innovation #discovery

//WHEN THE CEO ASKS ME TO TAKE A QUICK LOOK AT THEIR INNOVATION STRATEGY... If the result of all your innovation projects looks like this: - 8-digits spend in 10 years - approx 3 years of project duration each - zero successful products in the market Then you don't need an expert to tell you the strategy is a big pile of shit. I did it anyway. We laughed. Now we gonna do stuff differently. P.S. Test before invest. Innovation does not have to cost millions and years! ——— This is how we de-risk innovations and investments in one week only:  https://lnkd.in/eq4TvNC4 #innovation #creativity #future #whatinspiresme #innoweek #venturestudio #companybuilder #vc All rights and credits are reserved to the respective owner(s).  Contact me to add you as a reference or content removal. ♻️ Repost to help your network to bring their ideas to market. And follow Dipl.-Ing. Lars Behrendt for more posts like this.

//IT'S NOT ABOUT IDEAS. IT'S ABOUT MAKING  IDEAS HAPPEN. Forget brainstorming sessions and idea boards. The next big innovation? It's probably already gathering dust in someone's drawer. Truth bomb: Most companies don't lack great ideas. They lack the courage to execute them. Want to innovate? Stop ideating. Start doing. • Implement that 'risky' proposal • Green-light the project everyone calls 'too ambitious' • Give resources to the team branded as 'dreamers' The most innovative companies aren't think tanks. They're do tanks. P.S. What forgotten idea will you breathe life into this week? ——— This is our rapid-fire innovation framework:  https://lnkd.in/eq4TvNC4 #innovation #creativity #future #whatinspiresme #innoweek #venturestudio #companybuilder #vc All rights and credits are reserved to the respective owner(s).  Contact me to add you as a reference or content removal. ♻️ Repost to help your network to bring their ideas to market.  And follow Dipl.-Ing. Lars Behrendt for more posts like this.

Established companies innovate through labs, hackathons, and open programs, but often see minimal results. Connecting innovation to strategy is key. Define priorities and unique advantages, embed strategy in the innovation process, validate ideas, and scale those that work, ensuring alignment for meaningful growth. #strategy #innovation

Imagination is the heartbeat of innovation! 🌟 Visionaries who dare to dream are the ones shaping our world, from exploring the stars to crafting groundbreaking tech. What's YOUR bold idea? Share your future goals and let's inspire one another to dream bigger and reach higher! 🚀 Your imagination has the power to change everything. #DreamBig #FutureGoals #Innovate

//MOST FAVORITE INNOVATION STRATEGY UNVEILED Being in the innovation sector for so many years, I honestly have seen it all. What I have actually seen the most often is precisely this strategy you see in the comic. It's not intentional, but due to _corporate hierarchies _corporate bureaucracy _corporate decision making very often, it takes months to years before the first actions take place. We urgently need a new understanding of innovation. Its not about that one single project we are investing millions and years in. It's all about numerous experiments. _Serial testing _Rapid prototyping _Getting out of the building Everything else might statistically not lead to the results wanted. P.S. If you prefer to stick with the traditional approach to innovation, you can even do nothing and wait for the magical thing to happen. The chances that one idea will become a success if you have not tested it with real customers upfront are often very, very tiny. ——— This is how we bring your ideas to market in one week only:  https://lnkd.in/eq4TvNC4 #innovation #creativity #future #whatinspiresme #innoweek #venturestudio #companybuilder #vc All rights and credits are reserved to the respective owner(s).  Contact me to add you as a reference or content removal. ♻️ Repost to help your network to bring their ideas to market. And follow Dipl.-Ing. Lars Behrendt for more posts like this.

//THE SEVEN DEADLY SINS OF INNOVATION STRATEGY Being out there in the wilderness of innovation projects on a daily basis makes you see many returning failures for successfully implementing an innovation strategy. Here are the seven most deadliest: 1. DISCONNECTEDNESS Sometimes, when the bosses are making all the decisions, they can forget what’s really going on in the company. This can lead to an innovation strategy that isn’t based on reality. 2. NO JOINT VISION It’s like people don’t really get what the new plan is all about, and even when they’re told what to do, they find it hard to follow through. 3. BEHAVIORAL COMPLIANCE Sometimes people just do what they’re told without really getting on board with the new innovation strategy. 4. DEATH BY PLANNING Sometimes, people focus too much on analyzing and planning their innovation strategy instead of actually delivering it. 5. MISREADING RESISTANCE Employees are often blamed for resisting change, when in reality there may be other factors at play. 6. LOSING FOCUS There are too many ongoing projects, all with high priority. This is one of the most common issues out there. 7. BROKEN AGREEMENTS Although management professes support for the innovation strategy verbally, their actions contradict their words. P.S. What I learned from over 15 years of innovation development - Remember that it’s all about the people you need to get on board for your innovation project, and don’t focus too much on the technical details. Instead, begin with the joint vision, build the very first prototype together with the team, and go to market as fast as possible. MOST IMPORTANT > Test with real-buying customers. Sounds easy. I know. Believe me, it’s not. But then again, innovation does not have to take years and cost millions. Thx for the inspiration from Jeroen Kraaijenbrink ——— This is how we de-risk innovations and investments in one week only:  https://lnkd.in/eq4TvNC4 #innovation #creativity #future #whatinspiresme #innoweek #venturestudio #companybuilder #vc All rights and credits are reserved to the respective owner(s).  Contact me to add you as a reference or content removal. ♻️ Repost to help your network to bring their ideas to market. And follow Dipl.-Ing. Lars Behrendt for more posts like this.