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How can you keep up to date with the latest trends and directions in your industry? There are so many sources of potential information that you can be overwhelmed. You should certainly watch, listen and learn from the following: 1. Your customers 2. Your frontline staff (sales, marketing and customer service in particular) 3. Your [...]  We had a lively meeting of the BQF Innovation Unit at which David Simoes-Brown of 100% Open was the main presenter. You can see his slides here. He gave detailed advice on how to start with Open Innovation and discussed case studies including Lego, Virgin, IBM and others. He showed a fascinating current example at [...] ‘You are the average of the five people that you spend the most time with,’ says author Richard Koch. While this statement is not to be taken literally or mathematically it plainly contains a disturbingly large grain of truth. For most of us the people we choose to associate with reflect ourselves, our values, our [...] Try this management exercise. Take your group and divide them into teams of four to six people. The brief is simple. Imagine that an immensely wealthy corporation has decided to enter your business market and plans to create a powerful competitor that will use innovative approaches to seize your customers and wipe you out. It [...] There are three upcoming innovation events that you can take advantage of. 1. Gaining Competitive Advantage through Innovation Workshop. To be held in London on Thursday Sept 16th. This is a one day workshop in which you practise and learn creativity and innovation methods. It will help you to develop new products and services. 2. [...] Most businesses look for new opportunities in obvious places, adjacent to their current position. They typically ask two questions: 1. What new markets can we sell our existing products or services into? 2. What new products or services can we sell to our existing customers? These are perfectly valid questions. You should ask them and [...] The next meeting of the BQF Innovation Unit will take place on the morning of Tuesday 5th October in central London. It will focus on Open Innovation and it will be interative and instructive. It will be led by David Simoes-Brown of 100% Open, a consultancy that focuses on Open Innovation. Topics include Open Innovation [...] Stefan Lindegaard is recognised as a leading writer and thinker on innovation. In this book he takes on the hot topic of Open Innovation (OI) which he defines as bridging internal and external resources to make innovation happen. The early chapters are excellent. He clearly explains the need for OI and how to approach it. [...] We ran the Ideas Jam meeting yesterday and it went well. It was an intensive idea generation session. There were 18 participants from various companies who each brought a challenge from their business – e.g. How can we communicate our new strategy to thousands of people? The morning worked like this: After an initial ice-breaker [...] |
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