Eisenhower Matrix: A solution to avert the lost opportunity costs
Are you looking for a simple approach to prioritizing your innovation efforts? Does your company tend to assign priority to ongoing innovation tasks because it has already invested time and money in them? It’s no surprise if you answered yes to these questions. Most companies adopt this strategy. However, this is where you may pay […]
How NorthStar Can Help Overcome two major challenges of Tech Scouting?
A survey was conducted by Innovation Leader on more than 25 innovation, R&D, corporate development, and strategy executives from $1+ billion companies. The report, Best Practices: Scouting Trends and Emerging Technology, reflected three major, below mentioned, challenges faced by tech-scouters today: Building strong relationships with the business units so they can take advantage of the […]
Different Processes DARPA follows to Create and Manage Breakthrough Inventions
In the last article, we discussed the culture at DARPA that makes sure the agency funds or works at world-changing ideas. If you haven’t gone through the article yet, you must as it has some practical ideas of which you can implement some to propel your team to hunt “only Breakthrough” innovation. Click here to […]
How DARPA’s Culture Leaves No Room for Incremental Innovation and a lot for Breakthrough Innovation?
Internet, Stealth Aircraft, artificial limbs, a flat screen display are all the inventions that are children of DARPA. Time and again, if there is one organization that never settled for incremental innovation and always hunted a breakthrough, then that is DARPA. It has a long-standing glorious history of 6 decades of delivering never-seen-before inventions to […]
How to do Incremental Innovation create products that are a Wave of future?
If you are leading business and are responsible for its growth you might always be thinking about – What’s next? This ‘what’s next?’ is majorly about futuristic technologies for more than 80% of the businesses and the decision to make a shift. With the ever-changing nature of technology, businesses have become way more dynamic. Not […]
Why You Should Track The Newly Created Startups in Your Industry?
A wise person once said – Be wary of the startups launching in your industry. What sounds like an interesting idea with a small team working on it today can give all the giants a run for their money in the future. The statement couldn’t be truer. We live in an era when upstarts or […]
Edison’s 5 Competencies of Innovation to Increase Your Innovation Literacy
There’s a way to do it better – find it. – Thomas Edison Are you at a managerial level where you want to create extraordinary collaborations among your R&D teams, analyze the market and product needs before anyone else and create an innovation mindset at every level to offer super-value to your consumers? Or are […]
How technology shifts can give the first-mover advantage?
If you lead a business and are responsible for its growth, you might always think: What’s next? For more than 80% of businesses, this ‘what’s next?’ is primarily about futuristic technologies and is often preceded by the decision to make a shift. But finding the answer to this three-word question is not a piece of […]
InnoTecTing Could Take Your Business to The Next Level
The success of an organization depends on multiple factors. While strategy, human resources, and company culture form the recipe of success, other ingredients are also needed to take an organization’s success to the next level The monetary benefit isn’t a success. Adding value to the business which would benefit both the organization and its consumer […]
