Innovation Management

November 29, 2017
Have you ever rejected an idea only to regret it later? If you answered in the affirmative, you’re not alone. Most organizations have sometime or the other made this mistake—often choosing a less innovative idea over a potentially innovative one. Driving organizational innovation depends on identifying and evaluating good ideas, even the ones that are […]
November 27, 2017
Technology is moving at an incredible pace. We live in an amazing era where things like autonomous cars, personalized medicine, and quantum computing are becoming real as we speak; Artificial Intelligence, cryptocurrencies, advanced automation, deep learning and concepts like Universal Basic Income are about to reshape our world -- what an exciting era to live! […]
November 27, 2017
A couple of years ago, there was an article in Forbes which said, “innovation is often produced over time with a lot of collective sweat equity by many people.” It is hard to put it any better—but there is rarely innovation that hasn’t its origins in collaboration. Innovation and collaboration aren’t separate. Collaboration drives innovation […]
November 22, 2017
Imagine an awards ceremony where your long-winded award acceptance speech is punctuated with repeated “requests from Miss. Sweetie Poo: "Please stop. I'm bored.” This is one of the running jokes at the Ig Nobel awards. Ig Noble is a parody of Nobel prize honoring improbable, unusual and trivial research. They are awarded to research that […]
November 22, 2017
Preparation is the key to success at hackathons. With the right strategy and preparation, your team can win any hackathon. Here are 5 things you can do, before the hackathon to stay ahead of the competition:   1) Get the right people onboard Get started by forming the right team. Attract the right talent to […]
November 22, 2017
Everyone wants to be a winner. However, in both life and hackathons, victory comes to those who want it the most. With limited time to solve problems, and submit prototypes, a hackathon is an ultimate test of skills and endurance. Here is what you can do to win your next hackathon:    1) Plan to […]
November 22, 2017
There are always these small annoying hurdles while participating in a hackathon that sometimes make everything so difficult; they eat into your precious hacking hours! However, with this list of hacks, you will know what best practices should be followed and what preparations need to be done while participating in a hackathon. Not only that, […]
November 20, 2017
“Open innovation is the use of purposive inflows and outflows of knowledge to accelerate internal innovation, and expand the markets for external use of innovation, respectively. [This paradigm] assumes that firms can and should use external ideas as well as internal ideas, and internal and external paths to market, as they look to advance their […]
November 10, 2017
How do you go from $11 billion in revenue and 76,000+ patents to filing for Chapter 11? Sadly, this was the case of The Eastman Kodak Company. As painful as it is to watch a much-loved brand vanish, this example is a testament to the fact that there is no safe play when it comes […]
November 10, 2017
Hackathons have become increasingly popular over the years. On a superficial level, a hackathon is still seen as a one-off annual event or a PR stunt. According to the 2017 Global hackathon report, more than 50% of hackathons conducted worldwide are recurring events. Companies such as Facebook and Cognizant use hackathons as tools for sustained […]