3 of 7 in the DON’T LISTEN TO YOUR CUSTOMERS Series
Exercises in Innovation #3: Observe customers in the wild Going out and observing customers is something you should really try and not just as a thought experiment. I have often advised business
2 of 7 in the DON’T LISTEN TO YOUR CUSTOMERS Series
Exercises in Innovation #2: Call a meeting to spotlight the outliers You can involve your entire work team in the next thought experiment. Gather the team on a Tuesday or Friday afternoon.
How much is innovation costing your organization?
Recapture your innovation investments Three actions you can take to improve your innovation ROI “Too many companies see ‘innovation’ as something abstract from solving real problems and
1 of 7 in the DON’T LISTEN TO YOUR CUSTOMERS Series
Exercises in Innovation #1: Collaborate with your enemies Who are your top competitors? What would it take for you to sit down with them at a table and talk about the future of your industry? This
DON’T LISTEN TO YOUR CUSTOMERS!
You may have heard that we are living in the Age of Customer Experience. Gartner projected that 89 percent of companies compete primarily on customer experience. You might ask why on Earth
JSC IT-Partner awarded with Top InnovationIQ
JSC has been awarded the InnovationIQ of 71, which places them on the top 5 list in Europe. This an achievement that is extraordinary and the fruit of long and intensive work that has been done in
Hacking your DNA: Antibodies, Part 6 of 6
What about you? What business are you in? When you ask someone what business they are in, they nearly always answer with a list of products and services. Try it out and see for yourself.
PayPal, Facebook, Shell Oil and Nokia: Antibodies, Part 5 of 6
Here is the success story of a company that had to go through many revisions before it discovered its own DNA is the digital payment service platform PayPal. This early leader in financial technology
Harley-Davidson does not sell MCs: Antibodies, Part 4 of 6.
No matter where you are, you will probably agree that the world has changed quite a bit since 1903. That was the year when Americans William Harley and his friend Arthur Davidson joined forces to
Lessons from the master of war: Antibodies, Part 3 of 6.
Let’s go back to the battlefield, where we started at the beginning of part two in this blog series. Unlike chess, in a real battle you have no idea what capabilities the enemy has until you do a
Welcome to the field, General: Antibodies, part 2 of 6.
Picture yourself on the edge of a cliff, looking down on a battlefield. That is the marketplace. You are an army general, surveying your troops below on a wide, empty plain. Your capabilities are
The pain of not knowing: Antibodies, part 1 of 6.
The number one reason why companies fail, cited by 42 percent of the companies that went out of business, was no market need. A good example is Treehouse Logic, a startup that built product
Corporate antibodies attack and kill innovation
You will never be able to innovate in a way that conflicts with your unique company DNA. The organizational culture within your company won’t allow innovations like that to live. We have seen it
Recipe for innovation lab success, valid across the firm?
In a recent article in HBR, Simone Bhan Ahuja summarizes his experiences with corporate innovation labs: https://hbr.org/2019/07/why-innovation-labs-fail-and-how-to-ensure-yours-doesnt First a
First ISO 56000 Readiness Test Launched
The new ISO 56002 Guidance on Innovation Management is written with the common High-Level Structure (HLS) of ISO Management System Standards. It enables the integration of different ISO management
PLAYING IT SAFE IS THE MOST DANGEROUS THING YOU CAN DO
Are you safe? Or are you on the edge of irrelevance? Companies disappear all the time without a word, due to changing cultural values, changing technology, or changing audience demographics. People
Capabilities and Leadership Close the Skills Gap in Manufacturing
Global manufacturing executives rank “skilled talent” as their #1 competitive differentiator. When it comes to innovation, building capabilities and applying the right leadership style give top
Case Study: Regional SME Development Project Brings Innovation Lift to Manufacturing Hub
The Situation Small and medium-sized enterprises (SME’s) play an important role in economies across the world, creating jobs, driving growth and meeting critical needs. And yet, when it comes to
The Key to Your Future Is Hiding in Your Company DNA
Business Rescue: Part III It’s common to define brands by their traits. They appeal to the consumer with certain set of characteristics that roughly correspond to a personality. This was
Four Flashing Warning Signs You Can’t Ignore
Business Rescue: Part II Every company is as unique as a strand of DNA, but on the larger scale, it is not as hard as you think to read the signs of a rapidly approaching upheaval. There are four
Average company lifespan has shrunk to 10 years – Don’t be average!
Business Rescue: Part I Everything is an S-Curve. Even you and even your company. Everything that grows and develops over time (Including businesses) follows a predictable pattern: The classic
Fix the Planet’s Results to Be Announced at SAP Next-Gen HQ in NYC
Fix the Planet was launched April 22, and with just weeks left to collect ideas, the momentum is building. We are pleased to announce a new strategic partner in this endeavor, SAP Next-Gen. Welcome
Radical Innovation Begins with These 2 Leadership Skills
This month we’re featuring a guest post by Licensed Practitioner Erin “Pink” Mosley. She is president of a rapidly growing consultancy that provides innovation leadership programs and
Fix the Planet – Protect Our Species
“I want you to act as if you would in a crisis. I want you to act as if the house is on fire. Because it is.” --Greta Thunberg, Swedish climate activist and youth leader What are your plans for
How to Awaken Curiosity and Activate Your Inner Anthropologist
This month we’re featuring a guest post by Melbourne-based Licensed Practitioner and Green Belt Greg Collier. Greg’s passion for unleashing the potential of people and cascading that through
Are You Deploying AI Strategically?
Artificial intelligence is on the top of everybody’s agenda, but few companies have a comprehensive strategy in place. An InfoSys survey found that 86% of organizations have middle- or
InnovationIQ – The Moneyball Approach to Innovation
Innovation. How does a company become great at it? I joined Innovation360 because I believe that the company has really found a good solution for how to actually address that question. At Innovation
Successful Innovators Apply Multiple Leadership Styles Simultaneously
While much has been written on choosing the most promising innovation project and helping it succeed in the market after implementation, one crucial step in the middle hasn’t received enough
HLL Hyreslandslaget AB Best-in-Class Service Innovation Across Europe
Magnus Penker presents Lisa Toresson of HLL with their Innovation IQ, the highest in Europe. When co-founders Borje Toressomand and Sune Törnquist decided to launch their company in 2011 they
Growkomp 2.0: Building Innovation Connectivity Across Regional Business Ecosystems
Successful innovations happen in clusters, with people coming together to break down barriers, share knowledge, and create new systems. A single idea, no matter how powerful, has little hope of
How to Avoid Innovation Blockers and Activate Amplifiers
There is a sweet spot in the market where your organization, and only your organization, can outperform the competition thanks to your unique combination of capabilities. The purpose of Innovation
How to Run Ideation Campaigns that Generate Real Value
Idea campaigns are all based on the simple concept that the more people who contribute ideas, the better. It is sometimes also referred to as the democratization of ideation, or crowd-sourcing ideas.
Innovation Is Not Mad Science, It’s Good Science
One of the most common misconceptions about innovators is that they, like artists of popular imagination, reach their ideas through lightning-strike inspiration. Some people believe that radical
A Structured Cultural Approach Managing Uncertainty
Disruption is the new normal in the global, mobile, digital world. New technologies can be deployed with a swipe of a finger, appearing across billions of devices all over the world, changing market
Stop the Innovation Theatre
The world is changing faster than ever and it will probably never change this slowly again. This means that organizations around the world need to organize for constant change, for always exploring
Pop management consulting is a pop version of itself
In a recent article, CBInsigts writes that the industries that have proven most vulnerable to disruption have been those with 1) one or a few major players, 2)relatively outdated business
A Strong Culture Is Its Own Incentive for Innovation
Over the years I have seen many attempts at incentive programs for innovation. It’s no secret that they fail most of the time. The question is why. To address the underlying
Bringing better Ideas to market faster with AI
Too many ideas? Many organizational leaders find this to be just as frustrating as not having enough. The challenge lies in capturing, organizing, and testing ideas to bring new innovations to
Master Ideation with this Checklist
The process of realising innovation rarely happens in a linear manner. Our research has shown that radical innovators (those that create aspire to realise significant change) are far
Innovation by numbers: Lessons to learn from the CIA and Netflix
Back in 2011, we were wondering how to develop the first hypothesis in the large and very complex assignments we were undertaking. We decided to look at other trades and industries to see how
Co-creating volume 3
Now we start the work co-creating volume 3 of the Complete Guide to business Innovation and you are invited! Contribute
Growkomp project yields a promising model for regional transformation projects
Sweden has a strong manufacturing sector, accounting for 21 percent of the country’s GDP and 77% of Swedish exports. The industry is a job engine, particularly for businesses in the Småland
Unlearning Is the New Learning
To Learn or to Unlearn – that’s the question Take a moment right now to put everything on pause and visualize the person you were a decade ago. You didn’t have a smartphone because they
How SOS Alarm applied a structured process to their hackathon
At the award event that concluded the SOS Alarm hackathon, CEO Maria Khorsand announced that the company would move forward with all five concepts presented instead of just the winning team’s
How SOS Alarm applied a structured process to their Hackathon
At the award event that concluded the SOS Alarm hackathon, CEO Maria Khorsand announced that the company would move forward with all five concepts presented instead of just the winning team’s
IL Master Class: Innovation by the Numbers
In Innovation Leaders recent Master Class, “Innovation by the Numbers,” we explored how innovation metrics and analytics could be used to move company strategies forward. The session was
ISO will celebrate the first baseline of the Innovation Management System Standards ISO/TS 50500 and others in Stockholm, May 2019
Last week, March 12-16, ISO/TC 279 held a plenary meeting hosted by British Standards Institute, BSI, in London. During the full week, all working groups continued their hard work with their
ISO 56000 Guidelines on Innovation Management: Updates and the Road Ahead
Over the next few years, the ISO will publish a series of standards in Innovation Management under ISO 56000 which will set a baseline for innovation as a science in the professional world. Just
The Constancy of Change and the Path to Continuous Value Creation
Overly simplified models of the world lead inevitably to inadequate conclusions and unprofitable pursuits. That’s why so many businesses recently have succumbed to disruptive outsiders.
Managing Change Despite Uncertainty
Even if you know what your customers want now, how do you know what they will want tomorrow? How can business leaders plan for business continuity in the face of a volatile, unpredictable
Innovation by the numbers, the secret source in UAE
The United Arab Emirates (UAE) Vision 2021 is one of the most ambitious innovation visions on the planet, aiming for sustainability, health, education, renewable energy and a knowledge-based economy.
Fashion Industry as a circular business model
Young plant growth in lady shoe, recycle concept “I think the biggest innovations of the 21st century will be at the intersection of biology and technology. A new era is beginning.” Steve
Client Case: Green Innovation of the Paper Industry
At last year’s GADDEN Conference, one of the top career fairs for business, law, logistics and environmental science students in Northern Europe, CellMark connected with 140 young
The EU Sustainability Directive Is Setting a New Global Standard for Business Practices
US innovators and investor are closely watching the drama of the EU’s General Data Protection Regulations (GDPR) (Regulation 2016/679/EU), covering corporate responsibility for protecting
Can We End of Poverty in a Decade?
#InnovateForABetterWorld In July of 2017, the UN released its latest update on their progress toward 17 Sustainable Development Goals. The No. 1 goal on that list is “No poverty by 2030.” Some
The October Paris-meeting moved the upcoming ISO Standard on Innovation Management Systems one step closer to release!
I recently participated in the ISO/TC 279 meeting in Paris, where the working groups continued to work with their respective parts, moving the standard one step closer to its planned publishing in
Does culture eat strategy for breakfast?
Innovations are infinite, even within a finite market. However, not all innovations start with the same chance at a fully productive lifecycle. Innovations that survive are most often those
Innovation 360 Group is on the ground in UAE, and Dubai is leading the charge in the pursuit of innovation
As a force for change behind most industries and a catalyst for development in the public and private sectors, innovation is undoubtedly one of the keys to economic development and
Do you have an Artificial IntellIgence Strategy – or are you JUST pretending TO?
Not long ago one of my clients told me he badly needed “Artificial Intelligence for Dummies.” It was an interesting comment, coming from a highly skilled former senior consultant and current
We are going live with Sherlock – The greatest collective innovation mind in history
My friends – Sherlock is live! The collective deep-learning mind, Sherlock, where data from many thousands of companies in 62 countries, innovation experts in 28 countries and 100 years of
Recommendation engines force organisations to fundamentally rethink
According to Michael Schrage (HBR August 01), the single most important algorithmic distinction between “born digital” enterprises and legacy companies is not their people, data sets or
Artificial Intelligence & Innovation Management for Business Leaders
You must not fight too often with one enemy, or you will teach him all your art of war. — Napoleon Bonaparte Not long ago one of my clients, a very skilled former top consultant, now a
Strategic goals and design principles for establishing innovation centres
In many assignments, we see that the client has already established an innovation centre, or may be planning to do so. But often such centres do not deliver on expectations and instead can
Release of The Complete Guide to Business Innovation Volume 1-5
Today we officially launched the release date of the new book series “The Complete guide to Business Innovation Volume 1-5” and the first volume “How to Assess and Measure Business
Innovation Management Standards ahead!
Since the beginning of the industrial revolution, international standards and innovation capabilities have always been strong drivers and catalysts for human and societal development. International
Choosing the right strategy handling uncertainty
Imagine you ask your management team or your employees to figure out, design and launch something that will replace your current business, and give them a deadline and a budget. Then you will
Decision making in strategic uncertainty
What’s the hardest part of commercialising innovative concepts? Let´s figure it out. First, the Innovation Process consists of four phases; Ideation, Selection, Development, and
The Hypothesis-Based Approach: One Change To Make an Organisation More Innovative
The business community may remember 2016 as the year when crowdfunding surpassed venture capital in financial support for startups. The unbridled success of crowdfunding platforms such as
Probably the first 360° innovation assessment tool compliant with the upcoming ISO/TC 279 and CEN TS 16555-7
We are very proud to announce that InnoSurvey™ is most likely the first 360° innovation assessment tool compliant with the upcoming Innovation Assessment Standard ISO/TC 279 and CEN TS
Reinnovation of the Major Automotive Players Through Eco Systems, Openness and Platform Design
When industries seek to totally redefine themselves, as many are doing today or are going to do, three of the most important aspects to consider in this innovation-driven change are
Penker’s reflections on The Drucker Forum 2016
The 8th Drucker Forum was a milestone in many ways. It focused on the core of what will create the GDP of tomorrow and the actions to take – entrepreneurship and innovation. New GDP will not
Connecting the Dots in the New White House Report on AI and Innovation
In October, the National Science and Technology Council (NSTC), the Office of Science and Technology Policy (OSTP), and the U.S. president issued a joint report titled “Preparing For The
Four Innovation Paradoxes driving disruption
There are a number of well-documented key drivers for innovation and global disruption, as discussed in this blog. Historically low interest rate; the exponential growth of CPU power, storage and
Augmentation and Client Embedding: The Disruption of the Consultancy Industry
Right on schedule, disruption has come to the world of consulting. While many have seen it coming, only a few consulting firms are prepared to ride this wave of disruption into a new market
Magnus Penker on Innovation
Adapt or die. That’s a summation of the evolutionary theory known as the Red Queen Effect. Under certain environmental conditions, some organisms must remain in a state of continuously adaptation
InnovationIQ – Score your Innovation readiness
Innovation IQ InnovationIQ Score Prepare to regularly revitalise your core value proposition through internal and external innovation. This is more than just an ideal goal for
The Global Innovation Index
The Global Innovation Index gathers data from companies and their clients to measure how innovative countries are all over the world. This provides an overview of the business environment
How B2B2C Drives Digitalization and the Innovation of New Business Models
n the 1990’s, chess was often brought in as a useful tool for talking about advanced business concepts. Strategic vision was superimposed on an eight-by-eight block to determine how much time,
Business Innovation Using LEGO Models
You can learn more about a person in an hour of play than you can from a lifetime of conversation – Plato What’s the difference between play and innovation? Both are structured, normally
How Artificial Intelligence Will Drive the Three Innovation Horizons
For the moment, forget all the high profiled media stories about the danger of artificial intelligence (AI). These arguments are based on what AI might become, not on what it is doing
Organizing for Simultaneous Innovation Capability – key findings from +1,000 companies, republished from Drucker Forum 2016
After collecting and studying innovation data from over 1,000 companies in 62 countries, I’m often asked whether Small and Midsize Enterprises (SME) are more innovative and entrepreneurial
The digital innovation era calls for new board leadership
– In todays globalized and digitalized world, Innovation capability is emerging as the most crucial success factor for companies that wants to master sustainable growth and profitability!
Magnus Penker Appointed as Speaker at The Global Drucker Forum, 2016
We at Innovation 360 Group are very proud to announce that Magnus Penker, CEO and one of the founders of our company, has been appointed as a speaker at the most important forum for global
The Wheel of Innovation: Lessons learned from >1,000 companies and 62 countries
By studying over 1,000 companies in 62 countries and all continents over the past years, we have not only built the largest 360-database with multiple respondents in each company (external
30 SME Grown-Ups signed up for a super-innovation program
On March 10 one of the largest innovation lifts in EU was launched – 30 parallell SMEs Grown-Ups with +2,000 employees in the Swedish “Mittelstand” Småland did sign up to a 3 year journey!
Elon Musk promotes Open Innovation
In a recent interview at the InvestHK event in Hong Kong, January 26, Elon Musk, founder & CEO of Tesla Corporations, stated that -“Tesla Corporation has now open sourced all its patents to
The world’s best company to work for
Today Hey Group release their Global Top 20 companies for leadership, top five at the list was: General Electric Procter & Gamble Intel Corporation Siemens Banco Santander Two
Enterprise Innovation – by the Numbers!
Enterprise Innovation – By the Numbers How to Plan and Manage Innovation in Your Organization Introduction: – You still can’t manage what you can’t measure! Enterprise Innovation
Davos Innovation Analysis: Will The Fourth Industrial Revolution lead to Households as employers?
The echo form the Davos meeting just begun… To quote Erik Brynjolfsson, Director of the MIT Initiative for the Digital Economy, “The idea that robots will take our jobs is the biggest
Stockholm Innovations for the New Year and Beyond
I missed the Nobel Prize by a smidge. More precisely, (not to mention, much more honestly), I recently had the privilege and opportunity to visit Stockholm, Sweden for Innovation Technology training
The best year in mankind – due to innovation, technology and global leadership!
We believe in good, we believe things can be fixed, and we believe it need to be done with new methods and leadership than before. You say that there is nothing new under the sun, and
Implement an Innovation Management System in 90 days
Wanting to add strategy and structure to your innovation initiative without killing it with administration? HBR published an interesting article a year ago
Innovation in all aspects – the Key to Swedish Tech Success
After Silicon Valley, Stockholm produces the highest number of so called “unicorns” per capita. With a population of just one million people Stockholm has given birth over recent years to
3D Printing -”To Disrupt or not to Disrupt?, that is the Question”
President Obama once said: -“3D printing may very well have the potential to revolutionize the way me make almost everything”! Fine, but I don´t believe it will happen the way most of
7 lessons to disrupt like a startup!
We are in a fascinating fast-moving period, with high speed technology diffusion, low interest on financing, globalisation, digitalization and automatisation. The future of many established
Solar disruption
Imagine if we were just to reach a little bit of using the energy from the sun. Energy is among food, water, environment, poverty, space, health and security the eight grand challenges to humanity,
Four disruptive threats to Nordic businesses: And how to meet them through innovating
We are probably in the middle of the biggest disruptive change in the market since industrialization. The market structure, its nature and the key success factors are undergoing a shift where
That’s why we think the new edition of Blue Ocean Strategy is important!
In todays business climate, with high tempo, hyper competition and shorter product lifecycles, a company´s ability to quickly develop and change it´s business model is of outmost importance
Why you should care about the Creativity Era
Being constantly exposed to how we analyze, develop and ultimately help our clients to become and stay successful in the creativity era, where innovation is at the heart, I have decided
Business Prototyping
Release the creative forces in your organization, by applying rapid business prototyping techniques on your business development. To do that, Innovation360 offer a unique intersectional take
Innovation trends
Over the last year the key topics within the world of innovations has been impacted by social responsibility and sustainability aspects, which can be seen by analyzing the last 12 months of
Mapping innovation process aspects
In a world of hyper competition, innovation is imperative to gain competitive advantage. The process of successfully implementing innovation has to begin in the organisations strategy,
Industry 4.0 – disruption or just a logic extension of WWW?
Industry 4.0 is the name of the German government’s strategy for the fourth industrial revolution. The goal is the creation of smart factories, where all production is connected. The term
Green Innovation – wash or reality?
It is a lot of buzz about green innovations and much talk about potential green washing. And we have seen it all before with pink washing and white washing. To understand whether green
Talking about Omni-Channel Challenges
This Wednesday we had a breakfast seminar about innovation in retail, focusing on the next step of Omni-Channel. Among the guests were representatives from leading fashion brands, food companies,
Robots in Retail
We held a breakfast seminar on Omni-Channel 2.0 this Wednesday May 13th at our Stockholm Office. Read Saras’ post on it here. I spoke on how digitalization and automation can come to revolutionize
Current trends in healthcare
With twenty percent of the population generating eighty percent of healthcare cost, and a growing number of elderly people, public healthcare face an enormous challenge. This happens in
Omni Channel 2.0 – The innovation of Retail Business Models
Due to radical and partly unpredicted change in consumer behaviour, the retail and FMCG industry is going through a change that is both potentially highly rewarding yet also potentially
Artificial Intelligence –Threat or Possibility?
As last blog post ended, I am going to dig a bit deeper into the incredible speed at which the world is learning right now and how it is learning. For every day, a smaller fraction of the
Pay to be deceived?
On weekdays we stick to digital editions of the morning papers but come weekends we splurge in paper, subscribing to the two largest newspapers in Sweden. Every now and then we try to decide
Lady Gaga takes innovation to avant-garde levels
How offers become almost impossible to copy WHAT ARE YOU SELLING? By understanding what you are actually selling, you can find your unique abilities and become sustainably
Leader in coming week´s Innovation Special Report published in the Swedish Business magazine Dagens Industri
What´s happening now will have a greater impact on us than the innovation of the railway! When I talk about the ongoing globalization I talk about it as a series of waves, and right now,
Will VR disrupt Reality?
David Roberts, former Special Agent and Singularity University faculty member, made an interesting example of possible disruption, when comparing the steady, linear improvement of how we