Category: Opinion

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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Opinion

Innovation and The Leap of Faith

Having the courage and ability to take a risk.

Taking a risk in business or in any way of life is a scary thing to behold. For sure, we could spend hours just talking about the ‘what ifs’ or the ‘but what then’, however when taking the leap of faith into Innovation, we need guts. Guts to commit to an innovation programme.

At the end of the day, it might not work. There’s what we call a leap of faith. When we’re going into an innovation programme, we need that leap of faith when jumping from the downward curve of … Read More »

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Innovolo White Paper - How to Build Value into Your Business Using the Innovation Value Pyramid
Opinion

How to Build Value into Your Business Using the Innovation Value Pyramid

This entry is part 1 of 1 in the series White PapersIntroduction

Resources, time, and investment are considered important factors for ensuring the accomplishment of the activities in the working environment. However, the integration of values is also important for driving business growth and success (Ndalamba, 2018). There are many more reasons why building a sellable business is worth the time and effort it takes up front. After all, a sellable business is also a growing, stable, and profitable business that doesn’t rely on the owner for its daily operations, something every business owner wants, regardless of when they plan … Read More »

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The Ins And Outs Of MVPs How To Avoid Feature Creep In Your Product Development
Opinion

The Ins And Outs Of MVPs: How To Avoid Feature Creep In Your Product Development

There’s a lot of steps on the way to launching a new product. Not only do you have to research the market, make a plan, and decide on the selling points, but you also have to somehow keep your project on track until completion.

Who’s got the time?

Worst of all, your new product development is under constant threat of something known as feature creep. It happens when your product gets bloated with tons of ‘amazing’ features although it’s impossible to integrate them all successfully.

In our experience, the best way to simplify the process and efficiently manage your product … Read More »

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Opinion

The Symptoms of Complicated Global Governance – And How We Can Fix Them

This entry is part 11 of 11 in the series Trend Alignment in Your BusinessAt any given time, governments must balance the needs of their citizens and address social issues within their borders. However, there are larger global trends that exist and need attention, too. These include population growth, disease burdens, and climate change, to name a few. The European Environment Agency outlined these global trends in their outlook report.

We’ve been taking a close look at these global megatrends in a series of 11 articles for our own Innovolo blog, with a special interest in what the trends mean … Read More »

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Opinion

Why We Need to Understand The Types Of Environmental Pollution and What Causes This Perpetual Catastrophe

This entry is part 10 of 11 in the series Trend Alignment in Your BusinessWhen you think of the term pollution you probably think of smog and air pollution. However, that’s not the only source of contamination that can occur. The broader term for environmental pollution encompasses pollution to the air, land, and sea.

Unfortunately, environmental pollution is transboundary. Negative externalities are created as byproducts of manufacturing, industrial behaviours and shipping, and transportation. It’s a challenge to hold waste producers responsible since it’s difficult to pinpoint their direct contribution.

While Europe has recently been able to curb its air pollution, … Read More »

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Opinion

8 Really Bad Climate Change Facts And What We Can Do About Them Today

This entry is part 9 of 11 in the series Trend Alignment in Your BusinessClimate change is a long-term process. Many people in the world aren’t able to witness its damaging effects. Nonetheless, signs of damage from climate change are starting to become more visible. What can be done to slow down or potentially revert the damage that’s done to our planet’s atmosphere?

The European Environment Agency lists climate change as one of the biggest trends in the world. It’s a trend that may affect livelihoods, economies, and ecosystems in unimaginable ways.

In this post, part of our series on … Read More »

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Opinion

The Pressured Global Ecosystems And The Innovations That We Could Use To Protect Them

This entry is part 8 of 11 in the series Trend Alignment in Your Business

So far in our series on global megatrends, we’ve looked at trends that may impact the business and consumer world in diverse ways.

Now we’re shifting gears and looking at how our consumer and resource-intensive industries are harming the world’s most fragile resource – its ecosystems.

As you’ll see, the way we migrate, feed ourselves, and convert our once-natural landscapes can have a major impact on plants and wildlife. Severe cases of pressured ecosystems can even threaten millions of human lives.

It’s a damning picture … Read More »

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Opinion

The Dangerous Trend Of Scarce Resources and Global Competition, and How it Could Negatively Affect Your Business

This entry is part 7 of 11 in the series Trend Alignment in Your BusinessYou may not even know it, but trends are happening all around you. The biggest and most important ones happen on such a global scale that they impact supply chains, natural resources, and the political relationships between countries.

In this post, we’re looking at another of the European Environment Agency’s global megatrends outlined in their outlook report. For more information about megatrends, be sure to check out our earlier posts. [link to #1]

This post is all about how the competition for resources is on the … Read More »

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Opinion

6 Main Reasons That World Superpowers Are Changing Through The Political and Economic Dominance of the Global Arena

This entry is part 6 of 11 in the series Trend Alignment in Your BusinessThe balance of world output is tipping. Workforces and technologies are fast-growing in developing regions – they’re producing more economic activity and garnering more attention from international investors.

That increasing global economic output can help meet the demand of a growing population and an increasing global middle class.

In this post in our series on global megatrends, we’ll look at how the international balance of power is shifting (and why) and what that means for politics, economies, and technology.

Here are six things about how the… Read More »
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Is Innovation the Secret to Continued Economic Growth?
Opinion

Is Innovation and Product Development the Secret to Continued Economic Growth In This Country?

This entry is part 5 of 11 in the series Trend Alignment in Your Business

One question has troubled economists since the creation of their field of study: how can we maximize our returns despite a finite amount of resources?

That question has only become more important as environmental degradation threatens ecosystems around the world and rapidly migrating populations fight for resources.

It’s an interesting dynamic in this world of ours – when times are good, economic growth seems easy. Economies and financial markets flourish comfortably.

On the downside, recessions and shocks to important commodities like oil send economies spiraling … Read More »

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6 Trends in Technological Change And What They Mean For Us
Opinion

6 Trends in Technological Change, And What They Mean For The Future Of Your Business

This entry is part 4 of 11 in the series Trend Alignment in Your Business

You may not know it, but there are global trends that impact the world around you. If you’re a business owner, you may enjoy amazing access to global supply chains. You might even get a chance to benefit from amazing new technologies that were developed elsewhere in the world.

Megatrends, and their growing impact on economies and societies, have gained a lot of attention recently. Many large organisations have devoted resources to better understanding their impact. One such organisation is the European Environment Agency which … Read More »

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Beyond COVID-19: Mega Trends in Global Health
Opinion

Looking Beyond COVID-19: Mega Trends In The Global Health Arena You Should Be Watching For In A Post-COVID World

This entry is part 3 of 11 in the series Trend Alignment in Your Business

As the world recovers from the detrimental impact of the COVID-19 infectious disease, it’s a fitting opportunity to consider how global megatrends impact the world.

Originating in Wuhan, China in late 2019, the COVID-19 virus and disease was classified as a pandemic on March 11, 2020 as it spread to countries around the world.

Global efforts took shape as health agencies took measures to contain the outbreak by encouraging social distancing, limiting human to human contact, and closing down economies.

With the world adopting a … Read More »

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