Titan | Disruptive Innovation Center🇨🇭’s Post

What if the reasons why a company succeeds are the same reasons why it fails? At the heart of this explosive question lies the essence of Clayton Christensen’s book The Innovator's Dilemma, which The Economist called one of the six most important business books ever written. Christensen introduces the concept of disruptive technologies which are innovations that significantly alter the way businesses or entire industries operate. These innovations often start off worse in terms of performance compared to existing technologies, but they gradually improve and eventually surpass the old technology. The dilemma lies in the fact that market-leading companies often ignore the disruptive technologies because initially they do not meet the needs of their mainstream customers or the performance standards of existing markets. Instead, these companies focus on sustaining innovations, which are improvements to their existing products that are valued by their current customers. 💥 From these studies and research comes the course by Igor Ciminelli, founder of the School of Disruption: Disruptive Innovation Strategy, a guide to identifying the disruptive factor in a company and leading it to success. 👉Check it out here: https://lnkd.in/e2CwW785 #innovation #disruptiveinnovation #market #christensen #innovator #future

Just watched a #webinar featuring the authors of 📖 “Islands of invention: How to create extraordinary innovation centers.” I haven’t read the book yet, but i found the discussion enlightening and provided valuable perspectives on innovation and innovation centers. Here are a few quotes: Bryan Mattimore ✍️ “Innovation center is a critical part of your organization and will become even more critical as the world speeds up, and challenges will become greater in the global arena” “ Innovation centers should be seen as strategic partners” “The way to think of an innovation center we talked about in the book, is problem solving for any challenge your organization might have, and thats not only new stuff; its a process improvement stuff” Claus Raasted ✍️ “… organisations create innovation centres because they think its gonna make them more innovative, without accepting that they’re maybe some harsh truth or some stuff they simply don’t like to hear” “Innovation happens at the edges, innovation happens when people are desperate, innovation happens when we feel invulnerable, innovation happens when we feel we have enough” “ The more you limit your innovation center the easier it is to control it, but also the more you’re gonna miss on unexpected profits”

Breaking the Innovation Myths! 💡 Leading innovation requires challenging the status quo. Here are some common myths that limit progress: 1. Innovation Myth #1 - Innovation is Random: Innovation follows a structured, scientific process, overcoming challenges systematically and creating measurable results. 2. Innovation Myth #2 - Innovation is creating something new: Innovation isn't just about groundbreaking inventions; it thrives on incremental improvements as well. Optimize efficiency and growth by making small improvements. 3. Innovation Myth #3 - Geniuses can Innovate: Innovation is not a talent that is reserved for a select few individuals. The process is natural, and anyone can adapt it by cultivating an innovation mindset and embracing change. 4. Innovation Myth #4 - We Know what our customer wants: All industries, from those focused on people to those driven by revenue, need to be customer-centric. In order to create a seamless experience, you must understand their needs, which will result in higher impact and satisfaction. 5. Innovation Myth #5 - Only "Big" Companies Can Innovate: Innovation potential does not depend on organization size. Using technology and agility, small businesses can compete on the same playing field, often moving faster and smarter. It is the balance between creativity and practical constraints that is the real challenge for innovation leaders. Let's break free of these myths and foster true innovation! #innovation #innovationculture #innovationmindset

The Role of Innovation in Growth “Innovation distinguishes between a leader and a follower.” – Steve Jobs 🌍 In today’s dynamic world, innovation is the key to staying relevant and competitive. Whether through new technologies or fresh perspectives, we must continuously seek ways to improve and evolve. 🔹 What innovative steps are you taking to propel your business forward? #Innovation #Growth #FutureOfWork #TuesdayTips #BusinessSuccess

🔥 take: most executives struggle to balance strategy, risk, cost, control, and talent. They often make the mistake of either playing it safe with little or no implications to the operating model or going all-in on high-risk propositions. Why does that matter? Businesses face hurdles in achieving (and sustaining) growth when they devise an ambitious strategy while expecting minimal risks and costs, creativity and collaboration from existing talent, and absolute control over operations. Similarly, companies can't be successful by pursuing only the high-risk, costly, and external innovation (e.g., ventures or M&A) without changing their current strategy, control, and ways of working (i.e., the status quo). The growth driver framework, outlined in a recent HBR article, suggests a middle ground. How does it work? With this model, you combine corporate resources, external partners, and entrepreneurial talents to target innovation opportunities that are between safe and radical. The approach, exemplified by Cordis - a company operating in the medical devices industry, led to significant growth and new product development through an external accelerator program, without being stifled by typical corporate constraints. It's more important than ever for leaders to find a reasonable balance between strategy and execution - with some focus on integrating capabilities that can aid growth rather than constantly aiming for goals that demand a revolutionary approach. #externalinnovation #strategy #innovationthesis #innovationaccelerator #ventures

🔥 Is innovation the key to a successful business? 🔥 As businesses navigate through ever-evolving landscapes and relentless competition, the role of innovation becomes increasingly paramount. Here are some compelling thoughts to ponder: - Innovation is not just about creating something new; it's about solving real-world problems in a unique way. - Embracing innovation fosters a culture of creativity and adaptability within an organization. - In today's fast-paced world, businesses that fail to innovate risk becoming obsolete in the blink of an eye. Innovation is a catalyst for growth, driving companies to push boundaries, challenge the status quo, and stay ahead of the curve. It's not merely a buzzword but a strategic imperative that can set businesses apart in a crowded marketplace. Are you ready to embrace innovation and pave the way for a prosperous future? Let us know your thoughts in the comments below! 💡🚀 #Innovation #BusinessGrowth #FutureSuccess

Dive into visionary inspiration vs. intentional innovation with Darrell Amy! Discover why visionary ideas need intentional innovation for success in today's market. Read more: https://lnkd.in/eJwtqDbB #BusinessGrowth #InnovationStrategy 🌱💡

The innovator’s dilemma is a challenge of choice. When you satisfy your customers and optimize your core products, you can secure your market and grow your profits. 🤔 But what if a new technology emerges that changes your industry? 🤔 What if a new entrant offers a different, cheaper, or faster solution? 🤔 Will you be able to respond and compete, or will you be left behind? The stronger the choice, the tougher the change, and the stronger the risk. Don’t stick to the status quo; question it! It’s in the midst of change that true innovation occurs. But you have to foster the mindset and culture for it. --- I write about Innovation & Strategy. If you like this, follow Dr. Nils Jeners 🔔 --- #innovation #strategy #drnils

Dive into visionary inspiration vs. intentional innovation with Darrell Amy! Discover why visionary ideas need intentional innovation for success in today's market. Read more: https://lnkd.in/eJwtqDbB #BusinessGrowth #InnovationStrategy 🌱💡