Design Thinking is not the innovation enabler, as some may see it. For me, two important things are missing in Design Thinking:1️⃣ The Business ThinkingYou can have the best idea. If you do not have your organization’s support, it will end up in the drawer.Understanding the business needs, the connection to the business outcomes, and the …
I see increasingly midsized companies using idea management systems to qualify ideas for development.In my eyes, that is a waste of resources.Ideas are more than just a few words on a Post-it or in some software.Much more important is the idea owner(s).What is the vision for it, and what problem do they try to tackle? …
Spending money on R&D has nothing to do with being innovative.PWC made a study about it.Here are some interesting facts about why it is so… PWC looked at the correlation between R&D spending and sustained financial performance.That does not only matter in good times. It is even more important in bad times.They found the six characteristics …
Companies that are used to measure everything also want to measure innovation efforts. That is possible, but different than you may think. Myth #1R&D expenditure is a good indicator of innovationThere is no significant relationship between R&D spending and sustained financial performance. It is not about how much money you throw at the problem. It …
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