Paavo Ritala’s Post

Driving #Innovation through Imagination 🚀 In an era where traditional growth strategies are losing their effectiveness, innovation becomes the beacon of growth. The article emphasizes that innovative offerings are not just products of systematic processes, but also of imagination. Here are the key insights about the six-step cycle that forms the foundation of a corporate “imagination machine”: - Observation: Gathering insights from various sources. - Imagining: Envisioning what could be possible. - Designing: Creating a prototype of the imagined idea. - Experimenting: Testing the prototype in the real world. - Scaling: Implementing the successful prototypes on a larger scale. - Learning: Gaining knowledge from the outcomes of the experiments. This six-step cycle presents a structured approach to harnessing imagination for driving innovation. It's a fascinating concept that suggests a balance between creativity and structure within an organization. How is your organization integrating this six-step cycle to stimulate innovation? Dive deeper into the topic here: https://buff.ly/43fVQJD #trend #foresight #creativity #growthstrategy #structuredinnovation

📢 New #MOOC! Do you want to know more about strategic technology and innovation management? Then our new course 'Strategic Technology Management' starting on September 30th, 2024 might be just the right course for you! 📚 This is what you will learn in the course: - Understand key concepts and theories in strategic TIM - Get in touch with conceptual and empirical research on strategic TIM - Get to know important tools in strategic TIM based on a thorough understanding of their respective strengths and weaknesses 🔗 If you are interested in our course, check the #Course About Page & don't forget to enroll here:

See every failure as “First Attempt In Learning” to become an impactful innovator. Read here how … A rule of thumb is that two-thirds of successful innovations must significantly change their original plans to achieve their desired objectives. The late innovation expert Clayton Christensen believed this figure was even higher: 93 per cent. Whatever the exact number is, it is higher than most innovation management systems are designed to handle. Now I do not label an unsuccessful test as a failure. It’s all about learning, as FAIL is an acronym for a ‘first attempt in learning’, coined by A.P.J. Abdul Kalam. By conducting experiments, you can continuously iterate and refine your innovations based on real-time feedback. This iterative approach promotes a culture of continuous improvement, which can be valuable in driving long-term organisational change. Do you want to be a more impactful innovator? Check out my new book ‘Breaking Innovation Barriers’ with fifteen strategies to win management buy-in for innovation. Go to the link in the comments (in recent mode). #Breakinginnovationbarriers #innovation #fail #failure

See every failure as “First Attempt In Learning” to become an impactful innovator. Read here how … A rule of thumb is that two-thirds of successful innovations must significantly change their original plans to achieve their desired objectives. The late innovation expert Clayton Christensen believed this figure was even higher: 93 per cent. Whatever the exact number is, it is higher than most innovation management systems are designed to handle. Now I do not label an unsuccessful test as a failure. It’s all about learning, as FAIL is an acronym for a ‘first attempt in learning’, coined by A.P.J. Abdul Kalam. By conducting experiments, you can continuously iterate and refine your innovations based on real-time feedback. This iterative approach promotes a culture of continuous improvement, which can be valuable in driving long-term organisational change. Do you want to be a more impactful innovator? Check out my new book ‘Breaking Innovation Barriers’ with fifteen strategies to win management buy-in for innovation. Go to the link in the comments (in recent mode). #Breakinginnovationbarriers #innovation #fail #failure

“Your GREATEST BREAKTHROUGHS won't come from working within familiar boundaries.” “Your GREATEST BREAKTHROUGHS will come when you venture into uncharted territory - armed with problem-solving skills and the courage to reimagine what's possible.” “The MAGIC HAPPENS when you: - Apply cross-industry #insights - #Question established #assumptions - Bring #freshperspectives - Navigate ambiguity with #confidence ” “Taking Risks in Uncharted Territories: The Key to Innovation and Growth” “The most significant breakthroughs come from those who are willing to venture into uncharted territories.” - “Whether in business, technology, or personal growth, taking risks where the path is unclear often leads to the most rewarding outcomes.” - “By avoiding risks in unfamiliar areas, we also avoid innovation, growth, and the possibility of success. History is full of pioneers and visionaries who achieved greatness because they were willing to take a leap of faith when others hesitated.” - “1. Innovation Requires Discomfort” “2. Growth Comes from Challenge” “3. Risk Creates Opportunities“ - https://lnkd.in/eaaaT_v5 Source- original post Read all my posts #MariusPreston

1st #Fail = #1stLearning 2nd Fail = 1st Learning + #2ndLearning 3rd Fail = 1st Learning + 2nd Learning + #3rdLearning … + innovation* We are in an era of #continuouslearning and growth with #innovation. *Let’s put learning into practice.

🚀 Why Innovation Matters in Market Research 🚀 In today’s competitive landscape, staying ahead means more than just keeping up—it requires formal innovation programs. In our latest article, Dale Evernden dives into why structured innovation is no longer optional but a crucial driver of success in market research. Learn how these programs can transform your approach and keep your organization at the cutting edge. Read more here: https://lnkd.in/dbbbNbuR #Innovation #MarketResearch #ResearchWorld #ESOMAR

//WHY EXPERTISE IN A FIELD MIGHT BE A DISADVANTAGE I work very often in innovation projects where I simply don't know anything about the client's industry. _Very often, I have zero experience in their manufacturing process. _I also had never worked with their materials. _And their technical constraints are completely foreign to me. But here I am, in a room full of C-suite executives, confidently discussing how we could revolutionize their products or services. Not because I have deep industry knowledge - but because I know how to turn unknowns into opportunities. After 700+ innovation projects and working with some of the world's most prestigious brands, I've learned something counterintuitive: expertise in a specific field can sometimes be a liability. It can blind you to breakthrough solutions. The magic happens when you: - Apply cross-industry insights - Question established assumptions - Bring fresh perspectives - Navigate ambiguity with confidence Some of my most successful innovations came from projects where I started as an outsider. The learning curve wasn't a obstacle - it was the advantage. Your greatest breakthroughs won't come from working within familiar boundaries. They'll come when you venture into uncharted territory - armed with problem-solving skills and the courage to reimagine what's possible. P.S. What industry assumptions are you ready to challenge? ——— Chances your innovation strategy is broken are 94% https://lnkd.in/gJCmbM9T #innovation #creativity #future #whatinspiresme #innoweek #venturestudio #companybuilder #vc ♻️ Repost to help your network to bring their ideas to market.  And follow Dipl.-Ing. Lars Behrendt for more posts like this.

Learn how Life Extension incorporates innovation into its long-term strategic plans and how it determines which big ideas will have the most impact across its industry

Learn how Life Extension incorporates innovation into its long-term strategic plans and how it determines which big ideas will have the most impact across its industry