Tag: Business Strategy

An Innovation Manager Is Also An Innovation Strategist
Tips and Tricks

An Innovation Manager Is Also An Innovation Strategist

This entry is part 8 of 4 in the series The Twelve Hats of an Innovation Manager

In thousands of innovative companies all over the world, an increasingly-popular job title is being added to organisational charts: the innovation manager. The job descriptions for this role are often diverse and they are customised to fit the needs of specific companies.

In our blog series, The Twelve Hats Of An Innovation Manager, we are taking a deep dive into all the different job functions that an innovation manager must complete. In this post, we look at why the innovation manager also contributes … Read More »

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The Fast Facts About Product Development Roadmaps
Tips and Tricks

Product Development Roadmaps – The Fast Facts and Why You Need Them

NPD…Are you an established business-to-business (B2B) company that is interested in using innovation to your advantage to get ahead?

…Are you just getting started with your own in-house research and development (R&D) projects?

Not sure where to start?

…Here’s one very important thing we want to share with you: use more Product Development Roadmaps!

What is a product development roadmap?

A roadmap is an instrumental tool in new product development (NPD). It helps you stay organised while you research, test, and develop a new product. It’s also the best way to communicate your vision for the project clearly and concisely. … Read More »

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8 Principles to Promote Innovation
Opinion

Here are 8 Key Principles To Promote Innovation in Your Organisation – Even During A Pandemic

Did you know that you can run a well-established business without ever having to innovate?

It’s true. You can copy a template from a successful business in a neighbouring region. You can surround yourself with hard-working employees. You can have amazing relationships with exclusive vendors. You can nab top-tier clients for your products or services. Each of these principles doesn’t involve much innovation.

If you’re in that category, and you’re happy about where you’re at, then this article isn’t for you. BUT if you belong to a happy subset of companies that want to explore growth opportunities and offer groundbreaking … Read More »

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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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Never Suffer From Your Best Selling Products Again – Webinar with Dominic Monkhouse

We’re pleased to announce our next virtual event “Why Best Selling Products Must Be Sabotaged For Long-Term Results” on Tuesday 23 February 2021 at 14:00 London.

 

We’ll be discussing:

The Reality of the Economy and Innovative Leadership Societal Reasons for Change Actions to Beat Competitors

 

Who is DOMINIC MONKHOUSE?

Dominic Monkhouse is a proven architect of business growth. As managing director, he headed up teams that scaled two UK technology service firms from zero to £30M a year in less than 5 years–at Rackspace in Uxbridge and Peer 1 Hosting in Southampton–with Peer 1 achieving $200M globally. Sandwiched … 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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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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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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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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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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Ready, Set, Grow with Innovation with Roy Newey
Webinars

[Webinar Recording] Ready, Set, Grow with Innovation with Roy Newey

 

Euan: Welcome! And hello to everyone here today.  Most of you would have likely joined for one reason: you want to innovate or have a new product idea, but something is stopping you. That something is highly likely to be fear of the unknown and unknown and understandably so. Today we bring to you ready, set grow a webinar with the renowned speaker and business coach Roy Newey.

There are attendees from Great Britain to Australia and most places in between attending today. In fact, I believe the numbers registered on onto this event are well over 1000 and … Read More »

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Escaping the Dragon - Diversifying Your Supply Chain Out of China
Webinars

[Webinar Recording] Escaping the Dragon: Diversifying Supply Chains Out of China

 

Euan Pallister: “Welcome and good day everybody.

We’re excited to have you here for this exclusive event with Michael Wallace on “Escaping the Dragon: Diversifying Your Supply Chain Out of China”. We’ve got attendees from all around the world tuning in today. So a very warm welcome to you all, whatever the time of the day or night it might be, wherever you are.

My name is Euan Pallister and I’ll be your host for this event. Joining us live from Kansas USA is Michael Wallace, the renowned global executive business coach, an instructor at the University of Kansas, … Read More »

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Webinar with Mark Wardell of Wardell International and Bradley Pallister of Innovolo Ltd How to Use COVID-19 To Jumpstart Innovation in Your Business
Webinars

[Webinar Recording] How to use COVID-19 to Jumpstart Innovation in Your Business

 

Clare: Hello everybody, good afternoon and thank you so much for joining us today. We’re going to be talking about how to use COVID -19 to jumpstart innovation in your business. My name is Clare Forestier, I’m an independent host and emcee and I’m really excited actually to be moderating today’s session for innovative product development and design services company.

We’ve got really fascinating presentations and conversations coming up in the next hour. Obviously you’re going to be commenting in the chat about the things that you hear and the things that you’ve got to say around the subject … Read More »

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Jumpstart Your Business With Innovative Products and Services
Opinion

6 Ways to Jumpstart Your Business Growth By Applying Innovation To Your Products or Services

This entry is part 3 of 8 in the series Eight Ways to InnovateWhat do a restaurateur and a financial wellness consultant have in common?

It may sound like the introduction to a bad joke but it’s actually a fitting comparison for 2020’s economic and business environment.

Both are entrepreneurs feeling the business impacts of COVID-19.

Robert the restaurateur feels the social separation measures which keep customers away from his restaurant. Aamirah the financial advisor finds it hard to come by new wealth management clients amidst crashing global markets and business slowdowns.

While things may look grim for both entrepreneurs, … Read More »

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3 Things To Consider When Innovating Your Business Model
Opinion

The Top 3 Things To Consider When Innovating Your Business Model

This entry is part 2 of 8 in the series Eight Ways to InnovateThere are lots of ways you can go about improving your business. You can incorporate new technology, launch a new product or expand your revenue streams.

If you want a good place to start, check out our first post in this series about 8 ways to innovate your business.

Here, we’ll focus on transforming your business model with innovation. There are three things to keep in mind when exploring new business models:

Design your business model around bringing value to your customers; Develop a strong business infrastructure;… Read More »
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