Theranos was once touted as the darling of Silicon Valley, with a peak valuation of USD 10 billion in 2015. Now, some say it’s one of Silicon Valley’s greatest disasters. The company once claimed that the machine they were developing, the ‘Edison,’ could consolidate and run 200 medical tests in a single device with results …
Innovation theatre works until it doesn’t: The rise and fall of Theranos Read More »
In today’s volatile, uncertain, complex, and ambiguous (VUCA) world, corporate foresight has become an essential discipline for organizations that want to survive and grow far into the future. Unforeseen trends and events can disrupt your business out of nowhere; that is if you don’t have a corporate foresight practice in your organization. Corporate foresight is …
Corporate foresight: Future-proofing your organization Read More »
It is a common misconception that innovation is all about building new technology. Newly launched products and technologies like the latest smartphones constantly dominate headlines and are hailed as innovations in media coverage. The products and services of Apple, Tesla, and Amazon are commonly featured in publications and are probably at the top of people’s …
Misconception: Building new technology is the only way to innovate Read More »
Revlon, the American cosmetics and skin care giant, filed for Chapter 11 bankruptcy protection citing supply chain issues and rising inflation last June 15, 2022. Revlon’s Chief Restructuring Officer Robert Caruso wrote in a court filing that the company’s revenues decreased due to the global supply chain disruption. This problem made it difficult for the …
Based on How to promote managers’ innovative behavior at work: Individual factors and perceptions by Burcu Kör, Ingrid Wakkee, and Peter van der Sijde, in Technovation (2021). Picture this: You’re an executive at a big corporation in the service industry. Your company’s performance has been historically strong, with minimal players in the field. But after …
From Strategic and cultural contexts of real options reasoning in innovation portfolios by Carsten Kaufmann, Alexander Kock, and Hans Gemünden, in Journal of Product Innovation Management (2021). Any return requires risk. One of the biggest challenges that businesses face in becoming more innovative is the large risk associated with investing money in innovation. Innovation projects …
Starting Point: First steps to building one’s innovation portfolio Read More »
In today’s digital age, there is much emphasis placed on the value of innovation and being innovative everywhere—whether in school, at work, and generally, in life. Because things are evolving at a rapid speed, there is a need to not only keep up with these changes but also find ways to improve oneself and be …
Corporate Innovators: The Future Architects of Society Read More »
Digital technologies have taken the world by storm with concepts like innovation, design thinking, and digital transformation. They’re more than just buzzwords—they promise growth within organizations, but some people are often confused about what innovation is and how to get there. Innovation—Defined! To start off, Rolan Marco Garcia, CEO and Head of Innovation and Strategy …
Fuel Your Growth: The Value of Innovation Consulting in Emerging Markets Read More »
Corporate innovation is an essential concept that many businesses fail to understand. The ability of a corporation to innovate may dictate whether or not it will continue to grow or exist in the next few years. Many successful corporations that dominate the market now have strong corporate innovation capabilities. These corporations can successfully see where …
