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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 into survival mode; choosing not to invest in innovation and instead save precious resources. In my personal experience as Qmarkets’ VP of Product and Customer Success, and inspired by dozens of our leading customers, I have a deep belief that innovation management should not be viewed as a luxury, but as a strategic means of placing
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Ihre zweiwöchentliche Dosis Innovationsnahrung ...

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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...
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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 sectors should keep the message of this proverb in mind. Although we are inevitably seeing the cancellation of business gatherings and events, along with increasingly severe „social distancing“ restrictions concerning movement and the sharing of public spaces, this doesn’t mean that innovation at your company needs to be stifled. Ironically, the same behaviours that fertilize...
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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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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...
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Why does digital transformation matter - vectors
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. Business leaders are thus faced with a challenge – discovering a way to achieve disruptive innovation whilst minimizing potential dangers to their investment. By understanding how to manage innovation risk, companies can help strike this fine balance. Of course, fearless innovation doesn’t mean reckless innovation. To minimize risk, it’s critical to ensure that all new...
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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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Building the Hype: 4 Communication Best Practices for Innovation Management
The great Irish playwright George Bernard Shaw once said, “the single biggest problem with communication is the illusion that it has taken place.” Too often, leaders in the corporate sphere assume that once a new project – such as the implementation of an innovation...
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