How Do You Create A Winning Innovation Strategy?

Michael Tchong

Winning Innovation Strategy

Now that the concept of innovation is defined, its history covered and its current importance explained, it’s time to apply innovation to your business. An innovation strategy should be a crucial part of any business model although often ignored to the detriment of companies trying to keep up in the digital age. The following considerations will help you identify and …

What Is Innovation?

Michael Tchong

What Is Innovation?

We are in the midst of an era of sweeping change, with major challenges to address, such as poverty, and new planets to explore, like Mars. With all of the recurring talk of change and reinvention, it’s a given that the word innovation is on the tip of everyone’s tongue. Apple Co-Founder Steve Jobs believed that innovation distinguishes a leader …

When Did Innovation Catch On?

Michael Tchong

When Did Innovation Catch On?

Innovation is at the top of everyone’s agenda these days. Why? Because the executive mindset changed markedly in the 1990s. Global competition, the internet, and the onslaught of more than 40,000 product launches each year all helped change a lot of minds. Transformative conversations about modern innovation arose from bestselling books published in the 1980s and 1990s. Peter Drucker’s 1985 …

Why Innovation Now?

Michael Tchong

Why Innovation Now?

“Innovation is one of the key drivers of everything that goes on in business,” says London Business School Dean Sir Andrew Likierman. Organizations realize that innovation keeps them on the cutting edge of everything from technology to lifestyle to marketing and entertainment. Why has innovation become so important? As Microsoft Co-Founder Bill Gates puts it, “innovation fundamentally shifts the trajectory …