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We Applied 10 Design Principles To Business Strategy
Opinion

We Applied 10 Design Principles To Business Strategy. Here’s What We Found Out

Today we’re trying something a bit irregular – we’re taking 10 famous industrial design principles and applying them to business strategy. Because, why not?

The principles were talking about, specifically, are those pioneered by German industrial designer Dieter Rams. If you’ve never heard of him, that’s okay, we’ll cover all the basics you need to know.

We have lots of ground to cover, so let’s jump right in!

Who is Dieter Rams?

Dieter Rams is a German industrial designer. He created designs for consumer products in the past five decades that probably inspired the products that you still use today. … Read More »

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Quick Chat with the founder of Umwuga, Nasi Rwigema

This entry is part 2 of 3 in the series The Coronial Entrepreneurs

Today we have Nasi Rwigema, the founder of Umwuga on the show with us.  He’s a recent MBA graduate of the London Business School who grew up in Johannesburg, South Africa, and founded Umwuga in 2020 as “the social network for hard-workers”.

How would your grandparents describe what you’re doing?

Nasi Rwigema 

I think they might describe Umwuga as a Nasi-built Facebook that helps me hire cleaners and handymen.

Bradley Pallister 

Yeah, okay. So, if I was someone in South Africa, could I use that as well … Read More »

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Corporate Culture is Dead! Long Live Innovative Culture
Opinion

Corporate Culture Is Dead. Long Live Innovative Culture! Here are 5 proven ways to create an environment that will rocket your equity value like nothing else

When you think about “corporate culture” you may think about a drab and stuffy office space where dreams go to die. These are the images often satirized in TV sitcoms and Hollywood comedies.

But when you think about “innovative culture”, your mind probably takes you to wild places: automated offices, futuristic napping pods, and splendidly wacky brainstorming rooms. These are the images popularised by Silicon Valley startups and tech companies from the mid-2000s.

However, these images are just the physical spaces. Real innovation happens at the cultural level of the workplace. Few workers, managers, or leaders realise the challenges and … Read More »

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Quick Chat with the founder of BrainBar, Maxi Hristov

This entry is part 3 of 3 in the series The Coronial Entrepreneurs

Today we have Maxi Hristow, the founder of BrainBar on the show with us.

Maxi Hristov  Yeah, so right now, I’m studying in the UK, but I’m in Bulgaria, because of the coronavirus pandemic, and I went back to Christmas to see my family. I’m stuck over here now until February.

Yeah, so, introducing the company. I’m studying a bachelor’s degree program which is about entrepreneurship. So we’re a team. And we have to create multiple companies throughout the three years program. And a few months ago, … Read More »

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5 Ways to Get On The Innovation Fast Track: An eye-openingly easy with to get started with Innovation

Here’s a guide for how to work with a contracted innovation service. Sometimes, it makes sense to work with an external provider since it can simplify things for you. You’ll also find out the best way to get into an agreement with innovation experts to help boost the potential of your business. It’s the surest way to get on the innovation fast track.  Some of the main points include:

How to prepare in advance of the consultation; How to ask crucial questions during the consultation; How to outsource new product development (NPD); and, How to improve in-house research & development… Read More »
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Hannah Brady Founder at The Brady Creative
Industry News

Quick Chat with Hannah Brady, the founder of The Brady Creative

This entry is part 1 of 3 in the series The Coronial Entrepreneurs

Today we have Hannah Brady, the founder of The Brady Creative on the show with us.

Innovolo  00:00

What made you start a business in the year 2020?

Hannah Brady  00:18

I’ve always been one of those people that have like, lists of things I want to do. So like when I turned 20, I had a list of things that I wanted to do by the time I was 30. I’ve just turned 30. I’ve now got a list of things I want to do by … Read More »

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The World of Corporate Innovation Is Evolving: even if you’re not Elon Musk or Steve Jobs, here we explain what it means for you and your business.

As a business, it can be difficult to make the right decisions. It can be challenging to even identify all the options. If you’re a business owner, you’re distracted by competing priorities. If you’re a corporate board member, you’ve faced issues like bad data and difficult relationships. In either case, pointless meetings are a norm that doesn’t seem to push your business to any new heights.

The reality is that businesses can sometimes be giant, floating leviathans. They’re hard to steer in the right direction due to chaotic priorities and complicated processes. But these symptoms are tell-tale signs that a … Read More »

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Mass rollout of ‘Sophia’ humanoid robots planned by Hanson Robotics in the first half of 2021 to tackle the pandemic

Now more than ever, the pandemic has created the need to incorporate new technologies that will help reduce the workload of health professionals. Likewise, the prevention of the risk of contagion, reducing physical contact between people.

The humanoid robot, Sophia, created by the Hong Kong-based robotics and engineering company Hanson Robotics, could help healthcare personnel fight the coronavirus, taking over the care of sick people.

Hanson Robotics said that four models of humanoid robots, including Sophia, will start rolling out of factories around the first half of this year to collaborate with healthcare professionals, preventing the spread … Read More »

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How Much Should I Spend On R&D and Product Development?
Opinion

How Much Should I Spend On R&D and Product Development?

Many business owners look for that “Holy Grail” statistic that gives them all the answers. It’s true in all sorts of situations, like “how many staff should I hire?”, or “what price should I charge?”. Trying to predict these answers as a universal truth is a difficult (if not impossible) challenge. For the most part, it all depends.

The answers to the all-important questions can depend on the type of business, the size of the business, the industry in which the business operates, and the business’ stage of growth or maturity.

In this post, we answer some common questions when … Read More »

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How and Why Innovation Can Be Outsourced Successfully with David Holland
Webinars

[Webinar Recording] How and Why Innovation Can Be Outsourced Successfully, with David Holland

 

Euan Pallister  00:04

Hello, welcome, everybody. Great to see you all! Not I can actually see you all but I can see that a few are still very much logging on now. My name is Euan Pallister. I am one of the directors here at Innovolo.  Today we are going to be covering the hot topic of why and how innovation can be outsourced. Firstly, a few introductions. We’re extremely fortunate today to have with us two very talented people in this area.

Firstly, allow me to welcome David Holland. Thank you for joining David. David is one of … Read More »

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Opinion

The Top 10 Reasons That New Products Will Fail Next Year

While we’re all for positivity here at Innovolo, we also appreciate the benefits of looking at failures to inform future success.

That’s why we’ve compiled this list of the top 10 most common reasons that new product ventures fail. If you’re in the early stages of product design, be sure to use these lessons to inform your roadmap to launch!

Lack of Product Necessity

Before going any further, ask yourself: is there a need for my product in the market? If not, then it won’t sell or succeed no matter how much effort or investment you put into it. This … Read More »

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Opinion

Who’s Afraid of the Failure Crocodile?

“If you want to succeed, double your failure rate”- Thomas J. Watson

We tend to look at failure like a hungry crocodile; dangerous, destructive, and something to avoid at all costs! But…embracing failure can become your business’s competitive advantage. Build a culture that celebrates mistakes! If you’re never failing, you’re probably never really winning either.

Use failure to set the foundation for how you approach everything you do.

If you are daintily tip-toeing around the Failure Crocodile and find everything you do is working, well, then you most certainly aren’t taking enough risks. And probably in that zone which is … Read More »

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Tips and Tricks

How You Can Design Products Remotely During Lockdown

The year 2020 has forced many businesses to ask themselves one important question: “Can you really go about your regular business using only remote technologies?”

The COVID-19 pandemic has forced many enterprises to cease in-person interactions and revolutionize the way they get their work done. The same is true for product development teams. In this blog, we want to share some of the insights we’ve learned from years spent developing products with the help of remote technologies.

Why should you trust us?

At Innovolo, we’ve been using virtual technologies long before COVID-19 forced the world to comply with a new … Read More »

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Tips and Tricks

3 Easy Tricks To Ensure New Product Success

In our everyday business at Innovolo, we talk with all sorts of people and hear all kinds of ideas for new products. New product success for our clients is front and centre of everything we do.  Some ideas (okay, lots) are non-starters while others have the potential to do well. Every now and then, we even hear an idea that is destined to be a wildly successful game-changer.

The thing that many entrepreneurs, visionaries, and new product developers fail to realise is that whether your product idea is okay or revolutionary, the principles for how to get there are the … Read More »

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Official: RDEC is the Most Effective Innovation Investment Incentive
Finance

Official: RDEC is the Most Effective Innovation Investment Incentive

Reports commissioned by HMRC suggest that the research and development expenditure credit (RDEC) scheme is the most effective incentive for encouraging additional investment in R&D.

Three research reports published on 17 November evaluate the economic impact of the RDEC, SME R&D tax relief, and patent box regimes. The reports suggest that all the regimes encourage investment, although the overall impact on the economy of this additional investment is unclear.

According to the reports, the RDEC generates between £2.42 and £2.70 for each £1 cost to the exchequer, while the support for SMEs generates between 75p and £1.28. The patent box … Read More »

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