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Ideating at Enexis – Driving Operational Innovation in Dutch Energy Sector
The Enexis Group finds itself in an industry prime for innovation stagnation; well-established solutions, a workforce often resistant to change, and heavy regulation on procedures and costs, means that spontaneous innovation is not something that can happen easily. Yet the company has managed to generate hundreds of new ideas each year since 2014, resulting in millions in cost-saving and improved employee safety. In this exclusive interview, we sat down with Michiel Van Dam – DSO Architect at Enexis – to hear how the company has implemented a strategic approach to operational innovation, and embedded this across the varied divisions that
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Building a Business Case for Innovation Management – Why Now?
We all know it is not business as usual at the moment, and it’s even more important than ever for us to carefully prioritize where we focus our efforts both individually and collectively. However, I have recently been seeing reports of many businesses going...
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Crowdsourcing: An Innovation Tool to Overcome the Limits of Remote Work
The unprecedented shock caused by the COVID-19 pandemic has forced many organizations to change ways they do business. Almost every business operation has been affected: from the manner firms talk to their customers to the logistics of product delivery to maintaining channels of communication between employees. Corporate Innovation: A Victim of Remote...
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Does Crowdsourcing Need “Rethinking”?
Benefits of crowdsourcing: Common Misconceptions In my previous post, I gave a working definition of crowdsourcing and described two major crowdsourcing approaches: adding capacity and accessing expertise. I also argued that although numerous organizations – including corporations, governmental agencies, and nonprofits – have used crowdsourcing to solve complex business problems, its wider adoption in the marketplace has been relatively slow. Some of the reasons for the slow adoption of crowdsourcing are rooted in the very nature of the method. There is widespread uncertainty regarding which business problems crowdsourcing can and cannot solve. Besides, many organizations – especially those new to...
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Innovation in the Time of Coronavirus: How to Innovate Effectively During a Crisis
Every Cloud Has a Silver Lining There is an old Chinese proverb that says, “Crisis is an opportunity riding on a dangerous wind”. During these days of global unrest – with news about the coronavirus and its severity changing daily – businesses across all...
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What is Crowdsourcing, and How Can it Add Value to Your Enterprise?
Since the 2004 publication of James Surowiecki’s highly influential book, The Wisdom of Crowds, the idea that large groups of people can be smarter than a few individuals, no matter how brilliant, has been gradually gaining prominence in academic circles, business communities, and public opinion. Crowdsourcing...
5 Corporate Innovation Tools and Tactics: How to Chose the Best Option for Your Company
Looking to take your company’s innovation endeavors to a whole new level – but are unsure what tools and strategies will get you there? This is the blog you’ve been searching for! It’s easy to appreciate just how crucial innovation is for evolving your...
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Why Innovation Management is Important – 3 Crucial Reasons to Adopt this Growth-Driving Practice
“Innovate or stagnate.” It’s a stark choice that businesses across all sectors must confront daily. Although many decision makers at large companies recognize the importance of innovation, most fail to implement it in a strategic, consistent, and effective way. A recent study by McKinsey...
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Why does digital transformation matter - vectors
Innovate, Adapt, Overcome: How to Beat a Recession with Idea Management & Continuous Improvement
In the precarious economic climate, a global recession is an ever-present danger. However, by developing an innovation strategy that anticipates a downturn, you can help your enterprise weather the storm and even uncover lucrative ways to gain a competitive edge. Read on to discover how you can transform a recession into a rejuvenation. Given the devastating impact of the 2007-08 financial crisis, it’s little wonder that companies worldwide are sensitive to omens of a new “great recession”. It’s estimated that a loss of more than $2 trillion in world-wide economic growth occurred between the second quarter of 2008 and...
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Eliminating Uncertainty: How to Manage Innovation Risk in 3 Easy Steps
Herman Kahn – futurist, author, and inspiration for Stanley Kubrick’s “Dr Strangelove” – once described risk taking as “the essence of innovation”. It’s a fair assessment. Afterall, innovation often means abandoning an old, well-established practice in favour of something potentially greater, but less predictable....
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What is Total Innovation Management? Achieving Excellence from Idea Generation to Implementation
To maximize the ROI of your innovation initiatives, it’s vital to gain input from as many sources as possible and ensure all departments take part in a culture of ideation. In this article, we explore the concept of Total Innovation Management (TIM) and how...
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