Category

Innovation Strategy

Innovation Strategy

Adaptive/Technical Challenge and Innovation

Adaptive & Technical Challenges We've defined Adaptive and Technical Challenges as: Technical Challenges These are challenges for which we presently have the resources, skills, and expertise to engage directly. These will be addressed through the development of strategies that the…
John Hwang
April 11, 2017
Innovation Strategy

A Portfolio of Innovation

I've defined innovation as: Innovation is repeatable, scalable creativity through people and process. I've also talked about the 4 different types of innovation: Process Innovation Product/Service Innovation Customer Experience Innovation Business Model Innovation Let's talk about why all 4 types…
John Hwang
March 9, 2017
Innovation Strategy

4 Types of Innovation

There are 4 types of innovation: Process Innovation Product/Service Innovation Customer Experience Innovation Business Model Innovation Process Innovation Process innovation is an incremental innovation where you make improvements in your organization's internal processes. This may be a supply chain, a…
John Hwang
February 15, 2017
Innovation Strategy

The 80/20 Principle

Google has 20% innovation time. Google's 80/20 innovation time refers to Google encouragin their employees to spend 20% of their paid time to dream, brainstorm, and test their own ideas. 3M has 15% innovation time. Many, many companies have emulated…
John Hwang
January 21, 2017
Innovation Strategy

Definition of Innovation

What is Innovation? Innovation is a misunderstood and frequently a misused word. People often use the word interchangeably with “new”, but that’s an incorrect use of the term. If you were to ask a group of people, “What is innovation?”,…
John Hwang
May 21, 2016